QUOTE(digitalz @ Jul 23 2020, 10:28 AM)
Dear all, here are some of the points that I'd like to discuss on Vacant Possession (VP) and Extensions of Time (EOT).
I understand that there was a Federal Court case that don't allow the Extensions by the Housing Controller anymore.
Since SPAs nowadays has 24/36/48 or more for VP, how could those clauses still be valid after the case?
I saw few SPAs with 48 or more months but since that's not under the Schedule.. why are those clauses still there?

i could be wrong but here goes.
there are 2 scenarios.
scenario 1.
developer apply to relevant authorities to extend VP date. upon approval they proceed to sell the unit with the agreed extension. i.e 42, 48 months.
as they obtained the approval prior to launch, sellers are also informed from date of purchase. no contest.
scenario 2.
developer apply for extension AFTER launching. in some cases developer got the extension and try to force it upon the purchasers. it was challenged by the purchasers and the purchasers successfully won their case. an go google.
https://www.theedgemarkets.com/article/cour...na-condo-buyersback to scenario 1, there are cases currently being reviewed on legality of extension in the first place. some are of the opinion that a schedule g or h shall not be modified in any circumstances and thus any extension is deemed invalid irregardless. if the developer needs more time, they can do a headstart and sell later. but of course without revenue of purchaser, cost will just continue to go up with these new trend of super tall highrises that cannot be completed in 36 months.
so from conclusion, scenario 2 can be challenged and scenario 1 is still valid for the time being.
hope this is of assistance?