Phillip – many thanks for your account.
May I ask if the bank who issued your BG made you go to court, or did they ‘happily’ pay up without court?
In our case (Green Hills upper blocks), despite no building whatsoever having taken place for three years…..they wanted to make us wait another 6 months as per the date on the BG. All dictated to by the developer of course – the Bank pay then so does the developer.
Our lawyer did all the steps you mention, but then we had to still go to court to force them to pay ‘immediately’.