27 Mar '14, 3am

Property buyers sued over 'lost opportunity' costs, Singapore Property News, Singapore Property...

Property buyers sued over 'lost opportunity' costs, Singapore Property News, Singapore Property...

Macly alleges that the certificate for the Thomson V Two project at Sin Ming Road was meant to have been issued in March last year but it was only granted in November because of the couple’s unauthorised renovation. -- ST FILE PHOTO A CONDOMINIUM developer is suing an "obstinate" man and his wife for more than $760,000, claiming they built two unauthorised timber lofts in their penthouse apartment. Developer Macly Assets alleges that Mr and Mrs Andrew Loke are to blame for the delay in it obtaining the certificate of statutory completion from the Building and Construction Authority (BCA). Macly alleges that the certificate for the Thomson V Two project at Sin Ming Road was meant to have been issued in March last year but it was only granted last November because of the couple's unauthorised renovation. This meant that a $5 million sum, paid by the flat buyers and held in a...

Full article: http://www.stproperty.sg/articles-property/singapore-prop...

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