The buyer pulled out 20 days before completion, forfeiting the $2.2 million in deposit. This prime freehold property was completed in 1990 and is comprised of 20 units only. There was at least one minority owner who took his case all the way to High Court but lost in November 2008.
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I wonder if this will be the lucky fate of Gillman Heights - will the buyer pull out of that transaction, too?
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Straits Times - 20 Feb 2009
It all depends on whether their developer has more "honour" and "moral obligation" to reciprocate the good faith that has been displayed by the sellers. Keep fingers crossed, guys.
ReplyDeleteIn Singapore, it is always about money. Morality never enters into it.
ReplyDelete