I'm not so sure it will that easy to break the contract.
Clause 20.1, according to the post above, says:
"If the Seller (UDC) is unable to give possession of the unit within 12 months of the anticipated completion date..."
Well hasn't UDC just revised the 'anticipated completion date' to December 2009?
If so, they have 12 months from Dec 09 to handover, unless revise the 'anticipated completion date' again.
And do you really, honestly, think you'll get your money back?
What are the odds that a company too inept to build apartments on schedule will also be ethical enough to refund money to the hundreds of pissed off investors?
I'm not so sure it will that easy to break the contract.
Clause 20.1, according to the post above, says:
"If the Seller (UDC) is unable to give possession of the unit within 12 months of the anticipated completion date..."
Well hasn't UDC just revised the 'anticipated completion date' to December 2009?
If so, they have 12 months from Dec 09 to handover, unless revise the 'anticipated completion date' again.
And do you really, honestly, think you'll get your money back?
What are the odds that a company too inept to build apartments on schedule will also be ethical enough to refund money to the hundreds of pissed off investors?