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house Jan21
PUTRAJAYA: The Federal Court ruled in favour of house buyers concerning the calculation of liquidated ascertained damages (LAD) to be paid by housing developers in late delivery of vacant possession of their units.
A five-member bench led by Chief Justice Tun Tengku Maimun Tuan Mat, in a unanimous decision on Tuesday, ruled that the LAD payable by housing developers to purchasers for the late delivery of vacant possession of units in a housing project must begin from the date of payment of booking fees and not from the date of the sale and purchase agreement.
Justice Tengku Maimun said the court would not countenance the bypassing of statutory safeguards meant to protect the purchasers. ....

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