The completion and delivery time of a service apartment, or any property for that matter, is usually stated in the Sale and Purchase Agreement (SPA). The standard time frame for completion as per the Housing Development Act in Malaysia is 24 months for landed properties and 36 months for condominiums or apartments, including service apartments.
If a developer wishes to extend the delivery timeline beyond these standard durations, they must obtain approval from the state authority. This extension should also be clearly indicated in the SPA.
As a buyer, you can verify if an extension has been granted by contacting the state authority directly. However, this might require some effort and time. Alternatively, you can request the developer to provide evidence of the approval. If they are unable to do so, it may be a cause for concern.
It's important to understand your rights as a buyer and to ensure that you're not being disadvantaged. If you're unsure, it's always a good idea to consult with a legal professional who is familiar with these matters.
Speaking of which, I'm Catherine, a property agent with extensive experience in the Malaysian real estate market. If you have further questions or need assistance in finding the right property, feel free to reach out to me. You can WhatsApp or call me at
0123350520
. I'll be more than happy to help you navigate through your property journey.
Maklumat lanjut
