Housing developers beware – Federal Court upholds Faber Union
Faber Union(1) is good law. In total, there were seven appeals before the Federal Court by purchasers and housing developers. The key question that the court considered was where there is a delay in the delivery of vacant possession, does the date for the calculation of liquidated and ascertained damages (LADs) begin on the date of the payment of the booking fee or on the date of the sale and purchase agreement (SPA)?(2) This article refers to the appeals pertaining to GJH Avenue Sdn Bhd.(3) GJH Avenue The GJH Avenue appeals comprised three appeals by purchasers of units of bungalows under ...