I just want to ask if it is possible to get a refund for the condo accumulated monthly payment for the reason of lack of trust on the developer, I heard on the news today that there was an accident happened on the construction site where the condominium is built, on the news it stated there the developer can face charges due to lack of permit on the construction site, on the permit they applied from OBO it only state a permit for demolation and no permit for excavation so they will face charges on that, so now i feel that this can depreciate the value of the building and no trust at all of the developer and for the security of my money because im thinking that the market price of this building will now depreciate due to the incident.. Below are the other details:
EQUITY: 120,000 payable for 30months
Monthly payment: 14,000 (I paid this amount so that principal value after 30months will be lesser)
Start of payment: January 2016
Hope you can guide on this, to save my hard earned money.. Thanks..