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Developers in Singapore are mostly reliable, competent and well-capitalised. This is great of course, but it’s also where we get a little too relaxed and trusting when it comes to buying a new launch or an uncompleted property. And in the rare instance when something goes wrong, it goes a big way.
An unfortunate case of such going public only devalues your defective property, which more than often, leaves your investment virtually worthless.
All properties have problems with defects, and if you are familiar with the term, it was defined merely as ‘imperfections’ by public officials in 2015, similar to the context of dismissing a flooding issue and calling it ‘ponding’ instead.
In this episode of SG Underground, we take you on an insider’s view into the world of property developments and uncover the hidden ecosystem beneath the veneer of legitimacy.
Hosted by KEAN Advisors, Anthony Law Corporation and Snazzit, understand first hand from the team, how some of your home builders benefit from the lack of authority and jurisdiction in regulation from the Building and Construction Authority (BCA) and how they game the system by working around the legal loopholes.
Gain insights on ways to protect yourself from getting into the sticky situation when your home builders play their dirty games, including that of deflecting responsibilities with their Independent Contractor Defence.