Property
Brochures that bind developers
Aliff Yusri | 13 Oct 2017 00:30

Given the popularity of property as a form of investment, it is surprising that not many buyers are aware property advertising and brochures are legally binding on developers.

Buyers need to be aware of their rights to ensure that unscrupulous developers do not short-change them by not delivering what is promised in their brochures and advertisements.

These legal requirements have been in place since 1989, when they became part of the Housing Development (Control and Licensing) Regulations.

However, there have been few prosecutions under the 1989 Regulations despite the incidence of misleading property advertising materials in the market, due to a lack of awareness on the part of purchasers.