The Property, Real Estate Lawyers Association said the request by developers for extra time is down to reducing the monetary and economic fallout from the global pandemic, which led to the imposition of the MCO. Its president Datuk Pretam Singh said: “Construction is not considered as an essential activity and this has affected the sector."
PETALING JAYA: Property developers are seeking an extension of time (EOT) from the government to complete their properties as a result of the movement control order (MCO), failing which they will have to pay buyers late delivery charges, among others.
The request was made by the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM), which has been lobbying for assistance on behalf of various sectors of the economy.
Limited time offer:
Just RM5 per month.
