What is considered fair compensation for late delivery ? Anyone care to share your experience? Thank you ~

read the SNP la.... usually got a clause state 10% per annual, calculated on daily basis.

I think what OP wants to ask is to survey what is the acceptable market rate currently so that he/she will not be shortchanged. I'm assuming the agreement hasn't been signed yet.

Anyway, the current acceptable rate is 8% per annum (daily basis) on the purchase price.

ie. if the purchase price is RM100,000.00 then the equation will end up something like that:-

[RM100,000.00 x 8% / 365] x days

*days is the number of days delay to be calculated from the date the vendor is obliged to deliver vacant possession of the property until you are in actual receipt of same.

why settle at 8% if snp said 10%?

thank you all. now the snp stated that compensation is not in form of cash. i wonder what i should get to be equal. thanks!

wardrobe
kitchen cabinet
LED TV

thanks! i will use that default rate to get roughly the same pricing too

Bought a property under Hatten group. SnP stated 10% LAD. BUT still can't get LAD as per contract. Company didn't refuse to pay, but wanted to pay below the amount in the contract. Plse advice WHAT should I do to enforce this large company to pay up. I m only a small buyer. They are dragging until I give up to their requirement and if I engage a lawyer, it will be expensive especially court fees.
Can anyone advice avenues to resolve? Thks

under HDA? if so, lodge complain to KPKT.

go for tribunal. you can pm me for more info