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 Ask me anything abt Construction Industry!, Q&A

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xavieron
post Jul 31 2017, 10:42 AM

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QUOTE(iwubpreve @ Oct 17 2014, 01:30 PM)
hey guys, u may ask me anything about construction industry and i'll try my best to answer all ur question.
biggrin.gif

Construction Industry is so complex and actually affect various party namely,

House buyer / Purchaser
Developer
Consultant (Architect, Engineer and etc)
Main Contractor
Subcontractor / Vendor / Supplier
Local Authority (DBKL, BOMBA, SYABAS, TNB, TELEKOM, POS, JKKP, IWK and etc.)

u can also ask me about construction law. I know a lot abt that too biggrin.gif
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Nice info. What if construction site stop for 6 months in a high rise project. What can the buyer do?
xavieron
post Aug 1 2017, 04:15 PM

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Junior Member
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Joined: Sep 2015
QUOTE(2387581 @ Jul 31 2017, 12:16 PM)
You have two options
1. wait until it is finish, and if they are unable to deliver vacant possession on the date after 36 months after you signed your SPA, you can claim liquidated damages (LD) per day at 10% per annum of the purchase price, until you take vacant possession

2. pursuant to section 8A of Housing Development Act, you may terminate your S&P and get full refund of all payments made (you may need to prove the construction site stopped work for 6 months)
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Thanks for the answer. thumbup.gif

 

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