All the original SPA's are the same for each developer so the Land would look at what FQ did to their home buyers & think yeah, why not, it worked for them, the newspapers won't publish anything bad, what do we have to lose... They don't care about losing their reputation, integrity, ethical standards, etc, it is all about squeezing every cent they can while there are no investor safeguards in place.
The next thing you will get from the Land is a contract amendment totally changing the original SPA just before handover. This new amendment basically forces you to agree to new conditions like agreeing to pay a 2.5% Pearl Premium Fee & uncapped UDC charges (currently QR72 sqm + building maintenance costs) on the basis of if you don't sign you have to take them to court to get your property. This is what FQ is doing now & what you can look forward too soon.
All the original SPA's are the same for each developer so the Land would look at what FQ did to their home buyers & think yeah, why not, it worked for them, the newspapers won't publish anything bad, what do we have to lose... They don't care about losing their reputation, integrity, ethical standards, etc, it is all about squeezing every cent they can while there are no investor safeguards in place.
The next thing you will get from the Land is a contract amendment totally changing the original SPA just before handover. This new amendment basically forces you to agree to new conditions like agreeing to pay a 2.5% Pearl Premium Fee & uncapped UDC charges (currently QR72 sqm + building maintenance costs) on the basis of if you don't sign you have to take them to court to get your property. This is what FQ is doing now & what you can look forward too soon.