Will buying a property during a time when there is alot of public holidays matter?

After we sign the S&P, we have about 90 to 120 days (and this includes public holidays) - therefore, if we make the purchase when there are many public holidays, wun it be disadvantaged to the buyer, given that the whole process will slow down due to the breaks..?

No. It shall depends on the developer on their management how to manage their programme effectively. If their are not able to cope with the time line, normally they will pay penalty to the buyers according to the amount stated in the S&P. So that is why it is important to know who is developing your property.

but, what in the case of subsale?

Go through your S&P carefully. It does not care whether there is holiday or no holiday. If they agreed to hand over in 90 days, the S&P should have stated the date of handover or date of completion.

Normally, there will be a clause stated that, in case of late handover or late completion, they will pay a penalty according to the sum agreed. Unless you overlook the contract, and they remove that clause out. Standard S&P always have the penalty clause.

I went through the S&P and found that "public holiday" is not counted....

it is not counted, but it will definately slow you down

yah, indeed....and it frustrates me especially if the seller's lawyer and buyer's lawyer is located at two different territories