Sometimes, not being seen as a property expert is an advantage In a recent case, a buyer’s attempt to sue a real estate agency over an $18.6 million Good Class Bungalow (GCB) didn’t go well. The issue? A drainage reserve of 278.8 sq. ft. on the property, which couldn’t be redeveloped. (Drainage reserve is part of the land that you can’t build on, in case the government needs to build a drain there) The buyers contended that the marketing brochure for the bungalow didn’t reflect this drainage reserve. Fast forward to the conclusion: the attempt to sue failed because the buyer’s father is the founder of a boutique property development firm. As such, it was decided that with their experience in real estate, they would have known redevelopment layouts can change, and that not the entire land area could be redeveloped. Also, outside of the legal system and in the public eye, there’s probably a...