Hi Mu@
I've got an 1 Bed in Vancouver Tower and have had a similar conversation with Imran of Al-Attar. I think they want everyone to sign the 'memorundum of understanding' MOU just to cover themselves (i.e. not paying any compensation)should there be any further delays.
I was led to believe that they will re-schedule the payment plan and will issue the repayment schedule once the building is at a certain stage in construction.
Have you received the signed contact (Sales & Purchase Agreement) from them yet, or are they holding you to 'ransom' with signing the MOU?
It's looking like its gonna be a long stuggle with Phase III.
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