BFM Podcast

PR1MA Buyers Will Not Receive Late Compensation Fee

Tan KW
Publish date: Wed, 17 Feb 2021, 07:32 PM
PR1MA Buyers Will Not Receive Late Compensation Fee

17-Feb-21 18:00

Professor Dr Ismail Omar, Lecturer in Real Estate, Universiti Tun Hussein Onn Malaysia

Some PR1MA public housing projects that were scheduled to be completed January 2020 have seen delays up to April 2021. Under the Covid-19 Act, developers are exempted from the need to compensate buyers for this delay, causing added distress to an already bad situation. We speak to Prof Dr Ismail Omar for his insights.

Image Source: Hendrik Will, Unsplash

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