It is quite disheartening when we keep hearing about buyers being victimised in property deals. What is supposed to be a dream home ended up a nightmare for those who got themselves “burned” in an abandoned project. What makes matters worst is buyers are still required to service interest for loan taken to finance the property.

With that said, did you know that when you enter into an agreement to purchase bungalow land / office or retail lots / shop offices, in most instances these contracts are not under the Housing Development Act (HDA)? Therefore, you are not protected by the Act should the development fails. Most of these Sales & Purchase Agreements are privately drafted contract. Thus, please go through and scrutinise every clause in the contract to ensure you understand all the terms before you sign on the dotted line.

Sounds like it is easier said than done? Check out our upcoming seminars here to better understand how everyone should carry out due diligence to avoid being burned.

We have to educate ourselves as we are 100% responsible for the results we get.

As Hong Kong’s business magnate, investor and philanthropist Lee Ka-Shing once said “The more you know, the more prepared you will be when opportunity knocks. If you are lazy and wile your time away, you would not know how to take advantage of opportunities even if they stared you at the face”

Many have already made the choice to leverage on our
how-to actionable information for free.

The choice is really yours.

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