Weekly Industry News

What should developers do moving forward?

Weekly Industry News

In a Legal Alert dated Jan 22, Zico says, “Since the decision of the Federal Court stemmed from strict compliance with legislation, it would be prudent for developers to adhere strictly to Regulation 11(2) of the Housing Developers (Control and Licensing) Regulations 1982, and stop collecting booking fees, either through themselves, their agents or even their solicitors. This would appear to also include any form of expression of interest, even without payment of any sort.

Media Title:The Edge

Date: 25 Jan 2021

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