PT. Funtasy Island & Funtasy Island Development / dishonest company selling properties on funtasy island
This is to warn poeple who are thinking of investing in overseas property, in particular, Funtasy Island - marketed by Funtasy Island Development Pte Ltd or whatever company names they are using now. They are dishonest, and it seems they are very experienced at this.
We bought a property unit from them after hearing their marketing pitch. They promised many things, amongst which hosts of amazing features, delivery of property unit by 2016, and claimed the project was selling exceedingly well.
But 2 years later, nothing was delivered. In fact, their sales were so bad they decided to abandon this project.
We approached them to refund our money, but they refused to help with the process, and instead challenged us to sue them in court, which according to the contract is Batam, Indonesia.
Their Singapore Rep Office, used to be in Habour Front, is now shifted to an invalid address, with no physical office or staff.
Checks also revealed that all their overseas correspondance addresses stated in the contract are no longer valid.
They however, continue to do business in Singapore using another company.
Updated by Cheated by Funtasy Island, May 24, 2018
They are using Funtasy Island Development Pte Ltd. The addresses and telphone numbers they use in the contracts are not contactable. So if you purchase from them, sign their contract, and something goes wrong, you not going find anyone.