Sunday July 6, 2008
Housebuyers hope there won’t be delays
PETALING JAYA: Her apartment is due for completion in October next year and Nisha Menon is hoping that the escalating cost of building materials will not cause any delay or even worse abandonment.
“I would be absolutely devastated if the project was abandoned,” said the public relations director.
“Developers have to act in good faith and complete the project.”
Nisha had placed a RM45,000 downpayment for her apartment.
Jasmin Khalid, 32, a fashion designer from Klang said she was looking at buying over old property, as she was afraid that new housing projects might be abandoned before completion due to the increase in prices of building materials.
She said that even if she bought a completed house she needed to renovate it and was afraid that contractors may use lower-quality materials.
Karl Lim said he was waiting for property prices to drop.
“If the prices drop, then I may be able to buy a bigger property,” said the 35-year-old marketing manager.
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