‘Option to protect’ clause shields buyer and developer


Work in progress: Site workers at an urban property development in Petaling Jaya. — Filepic

PETALING JAYA: The introduction of the “option to purchase” clause in pre-sale agreements for house buyers may be good protection for both buyers and developers as long as it is not used as a tool for speculation.

Real Estate and Housing Developer’s Association (Rehda) president Datuk NK Thong said that although it may be premature to comment on the initiative without knowing the full details, it was a good proposal in principle.

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