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

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noiseemunkee
post Apr 7 2016, 02:24 PM

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guys side track a bit to clarify:

in HDA and in SNP there is clause describing the completion of common facilities stating that the commong facilities of the development shall be completed by Vendor within 36 calendar months from the date of agreeement (SNP). The vendor architect shall certify the date of completion of common facilities.

If the vendor fails to complete the common facilities in time, vendor shall pay immediatelyto purchaser liquidated damages to be calculated from the day of the rate of 10% per annum of the last 20% of the purchase price.

Is the Completion of Common facilities tied to the VP? if the VP obtained late, does this mean purchaser have the right to ask for the LAD including common facilities with the same duration?
noiseemunkee
post Apr 7 2016, 03:23 PM

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is that a common understanding or is there anywhere i can refer too in the HDA?

LAD for the Parcel (unit) is clearly tied to VP in the SNP. But for common facilities is tied to Vendor's architect cetification of completion. Anybody can explain about architect certification of completion for common facilities vs VP for the parcel?
noiseemunkee
post Apr 7 2016, 03:24 PM

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*i am not specifically referring to EC project.

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