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 EMPIRE CITY @ Damansara Perdana/Mutiara Damansara, Mixed Development Project in Damasara KL

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King King
post Jul 23 2015, 12:56 PM

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QUOTE(CAFE21 @ Jul 23 2015, 12:16 PM)
I thought someone mentioned that LAD is calculated from date of building plan approval till VP date not from S&P date? Anyone can shed some light here?
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You're correct. Calculation of construction period will be at the dot of building approval date to VP. It is not SNP signing nor SNP stamping date. I believe it is specified clearly in SPA clause.
King King
post Jul 23 2015, 12:58 PM

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QUOTE(axis_lua @ Jul 23 2015, 12:21 PM)
i though LAD only available for HDA projects?
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LAD is not limited to HDA property only, it's applicable to all. Again, it is specified clearly in the SPA on how many percentum will be for the LAD, if delay.

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