Monday, October 22, 2007

Ban Errant Developers

On my way to work this morning, I heard an advertisement on the radio encouraging people to visit the coming Property Fair to purchase a piece of real estate. It gave lots of reasons why people should purchase real estate now especially since the Government had abolished stamp duty tax on resale of properties and with the competitive interest rates from banks and financial institutions. While it’s good to have fairs to allow people to view projects by developers under one roof, I think it’s equally important to ensure that errant and dishonest developers are not using those fairs as a platform to cheat homebuyers out of their hard earned money. Some developers are really unscrupulous and well known in the industry for delivering sub-standard properties or simply abandoning their projects. Lots of young people who aren’t savvy about the construction industry have been caught by this developer and I think it’s really unfair that the Government isn’t doing anything about it.

No comments: