Hi fellow gurus

New buyer here with a question about my property purchase.

I bought a newly launched condo and signed the SPA + Loan Offer.

In the Loan Offer, I have to settle an outstanding dispute with the Bank before any money will be released.

However, the Bank and I are no able to reach a settlement after 1 whole year, and my loan won't be executed.

In such case, am I able to get back my downpayment with the Developer?

What is the penalty involved in cancelling SPA? 10% of the total purchase price or 10% of the billed progress?

Thank you for your guidance!

Would that make a difference to the outcome?

Preferably not discuss that publicly la.. haha

nope nope.