People shopping along Orchard road may find themselves approached by people asking for help on a survey and found that they won in a lucky draw. But they have to go to their office and listen to a 45mins presentation before collecting their prizes. It is a holiday product they are marketing. One such company is LGM in Ngee Ann City.
Just to add one important point.
- The 10 days cooling off period does not exist yet in Singapore!!!
If anyone had been told by them that there is a 10-day cooling off period and it is a SINGAPORE LAW. Please email to me at
[email protected]I am building up a case on this.
To protect yourself, ask for a 10-day cooling off period before signing of any agreement with them. Make them write down in all contracts that you are going to sign:
Example "LGM shall grant a 10-day cooling off period starting from the date of signing this contract. Within this 10-day cooling off period, LGM shall unconditionally cancel this contract on the request by the purchaser(s) with no questions asked, and all money paid to LGM shall be fully refunded within 7 calendar days."
This is a fair request as the amount we are going to pay is huge, and the only reason we are buying is because it has been presented to us to be such a wonderful and value for money product. Therefore if everything they told you on the spot is true, then they should not fear your cancellation later as people do not cancel when they got a genuine good deal.
No matter what reasons they give you for not being able to write down the above cancellation condition on the contract that you are going to sign, WALK OUT STRAIGHT AWAY AND NEVER LOOK BACK!!!
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Calling previous timeshare owners who converted to CVC.
If you have converted to CVC because LGM told you the below points, please email to me. You may have been misrepresented.
Did they say,
- Your resort's maintenance fee is going to double next year!
- Your timeshare liability is forever and it will be passed down from generation to generation. You will be charged in court if failed to pay up the maintenance fee!
Thank you for your time and happy shopping in Orchard road.