Daily Cuts - Lost your downpayment to your contractor? Here’s what you can do
Consumers suffered about S$1.93 million in prepayment losses in 2024, with a third linked to the renovation industry. This is more than four times the amount stemming from unrefunded deposits the year before. Hairianto Diman and Elakeyaa Selvaraji get legal clarity over the repercussions and recourse for consumers – and companies – that find themselves in such a situation with Kishan Pillay, Director, Breakpoint LLC
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15 min
