I went to a law firm and they introduced me to FMI. FMI helped me get a consultancy for the best price and secure a payment schedule. The lawyer then took the consultancy report which was included in my 3+ Market Report from FMI and started to negotiate as a mediator on behalf of myself and the new developer.

I finally got my settlement by using professional consultants. They provided me with valuable information about the price and the best payment schedule, the lawyer then reviewed all the terms of the contract to protect me from all aspects and mediated between myself and the developer so I didn’t have to deal with the headaches of tough negotiations with the developers.

I would certainly recommend FMI to anyone facing the same issues as myself, they have helped me come to a resolution that at one point I thought wasn’t possible.

Included in the 3+ Market Report clients will:

1. See the status of their project
2. Get an updated market value for the property
3. Be able to categorize their investment: i.e. Does the project, in respect of the court status and market value, still suit the investors category of investment as “short term”, “long term” or “end user”

Providing consultancy for best settlement options dependent on:

1. Price: Current market study and period of construction delay
2. Payment Plan: Initial payment plan, Construction status, Maximum security for clients and required cash flow for project

Providing a list of mediators dependent on:

1. Experience with the Developer
2. The value of investment
3. Level of construction
4. Location of the project

Organising meetings with mediators and providing updates

I was checking on website blogs where all investors in the same building as me were discussing the same situation, one of them provide us with the contact details of Freehold Mediation & Information.

All of these benefits for a small registration fee seemed reasonable.

I recommended FMI’s services to all my friends with similar property problems and would do so to any others experiencing these issues.

Included in the 3+ Market Report clients will:

1. See the status of their project
2. Get an updated market value for the property
3. Be able to categorize their investment: i.e. Does the project, in respect of the court status and market value, still suit the investors category of investment as “short term”, “long term” or “end user”

Providing the 3+ Market Report

Experience against the Developer (successful cases )

1. Value of the investment
2. Level of construction
3. Location of the project

Organizing meetings with law firm and providing updates

I didn’t know what to do, or where to go, Land Department ? Law firm? I was frustrated, and ended up going to the broker agent who sold me the unit. I was lucky they were still there, and they put me in touch with FMI. They asked me to register and I did. Then they provided a book which included a Market Report. After reviewing the market study part I found out that the project is not even close to what I was expecting it to be. I purchased the property to be my vacation home. There were so many promises made that there would be a lot of facilities in the community which is still far from completion. I was told this area was going to be ready but still the roads, shopping mall and many other facilities that were planned are not there. Even if it was not cancelled I wouldn’t want an apartment in this area. I emphasised that I am no longer interested in getting this property back plus I never actually got my cancellation notice or a cancellation letter. I asked FMI if they can exchange my investment to another property which would suit my investment criteria. An apartment close to the beach in a well-developed area. They said they had to send my 3+ Market Report to all the developers and wait for their response. After 3 weeks they contacted me and told me that 2 developers were willing to accept my credit and they each had one offer for me.

One of the properties proposed was exactly what I wanted, in the area that I liked, with easy access to the beach, shopping malls, public transportation…. A perfect holiday apartment for me and my family.

I would recommend Freehold to anyone in my situation and can’t fault their ability and determination to find a resolution for myself and my family.

Included in the 3+ Market Report clients will:

1. See the status of their project
2. Get an updated market value for the property
3. Be able to categorize their investment: i.e. Does the project, in respect of the court status and market value, still suit the investors category of investment as “short term”, “long term” or “end user”

Providing a list of options for Asset Relocation including :

1. Names of the developers willing to accept clients credit
2. The project name
3. The unit details
4. Agreement and payment terms

Providing the Market Report for options of relocation

Facilitate meetings with investment advisor for:

1. Matching clients category of investment with selected units
2. Approving payment capability of the client in relation to the payment plan
3. Reporting the counter offer from clients to developers