Staff Cecil Lee Posted June 23, 2023 Staff Share Posted June 23, 2023 "We have recently discovered that the Developer is under liquidation by way of a members' voluntary winding up since 1 February 2023." Is it important to choose a reliable developer? Yes, especially for at least the first 10 years. Given that many developers / main contractor provides specific warranties. For example: major defects, water proofing issues etc... Link to post Share on other sites More sharing options...
Staff Cecil Lee Posted June 23, 2023 Author Staff Share Posted June 23, 2023 Good to buy from reputable developers in Singapore Caveat: Please do your research before purchasing! These developers so far are some of the more well known in Singapore Link to post Share on other sites More sharing options...
Staff Cecil Lee Posted June 23, 2023 Author Staff Share Posted June 23, 2023 Another heavy weight developer is UOL & Singapore Land Link to post Share on other sites More sharing options...
Staff Cecil Lee Posted June 23, 2023 Author Staff Share Posted June 23, 2023 Another heavyweight Link to post Share on other sites More sharing options...
Staff Cecil Lee Posted June 23, 2023 Author Staff Share Posted June 23, 2023 Good one… Link to post Share on other sites More sharing options...
Staff Cecil Lee Posted June 23, 2023 Author Staff Share Posted June 23, 2023 Another familiar face Link to post Share on other sites More sharing options...
Staff Cecil Lee Posted June 24, 2023 Author Staff Share Posted June 24, 2023 Another Singapore institution: Hong Leong or CDL Link to post Share on other sites More sharing options...
Staff Cecil Lee Posted July 3, 2023 Author Staff Share Posted July 3, 2023 Not only is the main contractor go bust, their sub-con who had previously issued water proofing warranties also just gone bust! Extract from an undisclosed Managing Agent’s WhatsApp to their condo Management Council members:- Hi Council Another bomb from lawyer on [sub-con] is not in operation already…. Currently, developer, main con and now the ]sub-con] is out of business, is a headache to us…. Once confirmed [sub-con] is out, mcst will have to headache and do any repair works under warranties…. Not so worry about interfloor seepages between unit to unit as the warranty is to the owner and we can only inform them on this scenario and both unit have to rectify amicably since no one to honor warranty…. Once lawyer replies us on their findings about [sub/con], I will pop out the question to them on future issue and get their expertise reply on warranties and interfloor warranties. Link to post Share on other sites More sharing options...
Staff Cecil Lee Posted July 3, 2023 Author Staff Share Posted July 3, 2023 The residents may have to come out of their own pockets for the repairs… Letter from MCST appointed lawyer to their MA:- Link to post Share on other sites More sharing options...
Staff Cecil Lee Posted July 12, 2023 Author Staff Share Posted July 12, 2023 Finally, Banding system to gauge quality of developers, builders rolled out Source & Credit: Link to post Share on other sites More sharing options...
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