Lowyat.NET: Latest topics by edch

Extension of Time due to MCO.. Ridiculous?

edch — Thu, 28 Oct 2021 21:44:46 +0800

I received 2 notice from developer, informing that the under construction project that I purchase 4 years ago receive approval from MOHLG for the exemption of the period of 167 days (18 Mar to 31 Aug 2020) and 122 days (1 Sept to 31 Dec 2020) respectively for delivery of VP. Hence, developer get the total 289 days of grace period to deliver the project without getting fine by LAD.

Having say that, buyer will not allow to claim LAD from developer if the VP date later than 289 days stated in SPA. Understand this is to protect Developer as construction are order to stop during 1st MCO (not sure about the period between 1 Sept to 31 Dec 2020, construction allow to work right? why still get EoT?).

But how about purchaser? Who protect our interest? During MCO period purchaser still require to pay rental for their living house; require to serve progressive loan interest, even though moratorium was given but the installment will be accumulate and need to clear before VP. Covid-19 is

As a purchaser, is there anything we can do about it? Would like to hear any advise from sifu here.

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[REPOST] Inequality SPA Clause ?

edch — Wed, 28 Oct 2020 20:29:28 +0800

Sorry Mod, I had to re-post due to some mistake in my first post.

Hi guys, this is my first purchase of landed house. There are few thing I found unclear about the SPA drawing and clause which is seems to be unfair to purchaser. Hence, I would like to get some advise from expertise here?

Issue#1 - Incomplete floor plan drawing

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Issue#2 - Inequality of "Adjustment of Purchase Price"

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Issue#3 - If Developer build extra boundaries from what SPA shown, Purchaser will need to "compensate" Developer?

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Thank in advance !!

Inequality SPA Clause ?

edch — Wed, 28 Oct 2020 20:14:50 +0800

Hi guys, this is my first purchase of landed house. There are few thing I found unclear about the SPA drawing and clause which is seems to be unfair to purchaser. Hence, I would like to get some advise from expertise here?

Issue#1 - Incomplete floor plan drawing

» Click to show Spoiler - click again to hide... «

Issue#2 - Inequality of "Adjustment of Purchase Price"

» Click to show Spoiler - click again to hide... «

Issue#3 - If Developer build extra boundaries from what SPA shown, Purchaser will need to "compensate" Developer?

» Click to show Spoiler - click again to hide... «