http://forum.lowyat.net/ Sat, 25 Jul 2026 15:02:34 +0800 FeedCreator 1.7.2 http://forum.lowyat.net/topic/5069536 Hi fellow gurus<br /><br />New buyer here with a question about my property purchase.<br /><br />I bought a newly launched condo and signed the SPA + Loan Offer. <br /><br />In the Loan Offer, I have to settle an outstanding dispute with the Bank before any money will be released.<br /><br />However, the Bank and I are no able to reach a settlement after 1 whole year, and my loan won&#39;t be executed.<br /><br />In such case, am I able to get back my downpayment with the Developer?<br /><br />What is the penalty involved in cancelling SPA? 10% of the total purchase price or 10% of the billed progress?<br /><br />Thank you for your guidance&#33; Iamtheloser Property Q&amp;A Tue, 08 Dec 2020 16:06:09 +0800