HDA 1966 Episode 4: Your Rights for Latent Defects Claim
In our previous article, we have shared on important clauses in the Sale and Purchase Agreement (SPA) that you have to know as a homebuyer. One of the clauses is on Defects Liability Period (DLP) in which the developer is responsible for defect for a certain period of time after vacant possession (VP). Today, we will briefly […]
HDA 1966 Episode 3: Calculating Liquidated Ascertained Damages (LAD) for Late Delivery of Vacant Possession (VP)
When it comes to housing development projects, the time of delivery of vacant possession (VP) is crucial as the purchasers anticipate to obtain their house keys in time. It is the developer’s duty to complete the housing development project within the stipulated timeframe. As stated previously, the period of delivery of VP for HDA property is fix […]