07 Mar 2009 11:09 AM:
My original contract stated that the apartment on phase 4 would be ready for occupation by 31st October 2008, but stipulated a 4 month extension to cover any build delay, this deadline passed on 28th February 2009.
I now wish to cancel the purchase and will be requesting refund of my deposit (my understanding is the developer has to return 50% of the deposit if I decide to withdraw from the purchase having breached their side of the contract). My original lawyer it seems took my deposit, sent it to Promaga without securing a bank guarantee first. In spite of repeated requests for this bank guarantee Promaga refused to supply this point blank.
I am not proceeding with this purchase at any cost and would like to know if anybody else feels the same way as me? I too am with LOS who seem to be more interested in serving the developer than they are me, anyone else feel this sentiment?
Community thread:
Phase 4
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