Court: No power to grant extension

Take them to task: According to the liquidated damages clause, condo buyers can claim 10 per annum of the purchase price for the delay.

KUALA LUMPUR: The Housing Controller has no power to grant an extension of time to developers who delay the completion of housing projects, the High Court has ruled in a landmark judgment.

This means a housing developer has to pay compensation to the affected buyers for delays in the delivery of vacant possession.