100 Singaporeans in legal dispute over condo purchases in JB

Free Malaysia Today

They claim the developer was not upfront on the sale terms and conditions.   Read More: https://www.freemalaysiatoday.com/category/nation/2024/12/25/100-singaporeans-in-legal-dispute-over-condo-purchases-in-jb/   Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------ Check us out at https://www.freemalaysiatoday.com Follow FMT on Facebook: https://bit.ly/49JJoo5 Follow FMT on Dailymotion: https://bit.ly/2WGITHM Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h Follow FMT on TikTok : https://bit.ly/3uKuQFp Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX Follow FMT LinkedIn - https://bit.ly/42YytEb Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------ Download FMT News App: Google Play – http://bit.ly/2YSuV46 App Store – https://apple.co/2HNH7gZ Huawei AppGallery - https://bit.ly/2D2OpNP  #FMTNews #HouseBuyers #JohorBahru #Singaporeans

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00:00At least 100 Singaporean house buyers are locked in a legal dispute with a Malaysian

00:06developer over property ownership in Johor, CNA reported.

00:12The news portal said the buyers have accused the developer of not being transparent about

00:16the terms and conditions of the sale.

00:20It said legal experts are advising potential buyers to thoroughly review contracts and

00:25work with local agents familiar with Johor's real estate market.

00:29CNA reported that this surge in interest from Singaporeans has contributed to a 30% increase

00:35in condominium prices in Johor Bahru in just the first quarter of the year.

00:41Around 170 affected buyers have formed a WhatsApp group to collectively address their grievances,

00:48having purchased the properties for weekend use and as investments, with some spending

00:52up to $275,000 Singapore dollars.

00:56However, they were surprised to learn that their ownership was under a private lease

01:00scheme which essentially grants them a 99-year lease rather than actual ownership, limiting

01:06their rights significantly.

01:09The developers maintain that the PLS is legally binding and that the window for legal challenges

01:14by the buyers has expired.

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