Case Update: Court of Appeal clarifies framework on forfeiture of deposits
Our Managing Director Ee Yang Lee, Associate Director Charis Wong, and Associate Sarah Teo won the appeal in a landmark Court of Appeal decision which clarified the framework to analyse whether a contractual deposit should be forfeited when the sale and purchase agreement is terminated upon the purchaser’s breach.
Incentive Payment to Minority Owners
When incentive payments are made to minority owners to secure their consent to a collective sale, is the ‘good faith’ of the transaction impugned such that an application for collective sale will not go through?
Pitfalls to Avoid When Co-Investing in a Property
When family members or friends co-fund the purchase of a property, disputes might arise over the beneficial ownership of the property if their intentions are not properly documented. Avoid the risk of protracted legal tussles by seeking competent legal advice.
5 Things to Note in a Collective Sale
As en bloc fever sweeps by again, unit owners should understand the processes and people involved in collective sales.