I wonder what does it mean???
The Skyz @ Puchong Jaya, by IOI
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 Jul 1 2014, 12:40 PM
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#1
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Senior Member
7,348 posts Joined: Jun 2014 
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The waiver of the right to claim for liquidated damages for late delivery is only "in respect of the period beginning from the date of this letter and ending on the date of the Agreement"
I wonder what does it mean??? |
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Jul 1 2014, 12:53 PM
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#2
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Senior Member
7,348 posts Joined: Jun 2014
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QUOTE(puchongite @ Jul 1 2014, 01:47 PM) Maybe it's this kiasi fella says that you can't claim LAD for the period of you place the booking till the beginning of SPA ? Boss puchongite, LAD is for late delivery of the prop ma, but this Clause is talking about the period even before or during the construction period??? So to me, the Clause does not make any sense!!! Which is already something understood but by making it more explicit, more people are confused by it ?   |
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Jul 1 2014, 01:19 PM
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#3
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Senior Member
7,348 posts Joined: Jun 2014
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QUOTE(puchongite @ Jul 1 2014, 02:03 PM) Boss I am as confused as you are, but I am just trying to find an explanation for the "confusing" clause. Boss, I think the LAD is calculated from the date the developer is supposed to hand over the prop till the date they actually hand over the prop right? For example, SPA signed on 1/1/14 and developer should hand over prop in 3 years time ie on 31/12/16. So if developer hand over the prop 1 month later on 31/1/17, the LAD is calculated based on 1 month late delivery.Maybe, it's just maybe, IOI trying to clarify that one cannot claim any liquidated ( monetary ) damages for the period starting from the booking till the starting date of SPA, ie construction period only starts from the SPA date. Which is something people already know. But maybe IOI is trying to make it clearer to buyers. But by do so, more people are confused ? However, this Clause is talking about date of the letter to SPA date??? |
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Jan 27 2016, 01:22 PM
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#4
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Senior Member
7,348 posts Joined: Jun 2014
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QUOTE(jacky91 @ Jan 27 2016, 12:18 PM) Is that a good or bad thing? Good for ppl who buy for own stay, bad for investors!  |
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Oct 3 2016, 08:09 PM
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#5
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Senior Member
7,348 posts Joined: Jun 2014
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QUOTE(vajos @ Jun 8 2016, 01:00 PM) steal work cut material That's bad! I notice ioi like to put d words "selected tiles" in d brochures, so buyers can't argue if they give cheap ceramic tiles as it is "selected" by them! |
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Apr 14 2018, 03:49 PM
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#6
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Senior Member
7,348 posts Joined: Jun 2014
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QUOTE(gks @ Mar 5 2018, 11:30 AM) The Skyz is located at the highest point and probably the best located condo in Puchong. The unobstructed view is majestic due to the highest point. Massive facilities deck. 1041 units? Manyak leh! How big d land bro?If you are looking for own stay in Puchong, the Skyz is one of the best there. |
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