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Shock and Awe over EOT numbers
DESPITE CONTRADICTING BASIC BUYER PROTECTIONS ESTABLISHED BY LAW, 304 EOTs HAVE ALREADY BEEN ISSUED BY Chris Prasad The Extension of Time (or EOT) provision is a highly contentious issue that has already made its way to the courts. EOTs are extensions granted to developers by the Controller of Housing... Read more
EOT a tool against Abandoned Projects – Fact or Fallacy?
(Note: Below is an expanded perspective by HBA on the former KPKT minister’s statements defending the use and application of the EOT.) BY The National House Buyers Association The immediate past Minister of Urban Wellbeing, Housing & Local Government, YBhg Datuk Seri Abdul Rahman Dahlan’s purported rationale for the... Read more
Landmark case in the making?
THE FIGHT FOR BUYERS’ RIGHTS JUST WENT UP A GEAR, THE OUTCOME AFFECTS ALL OF US BY Chris Prasad “Extension of Time”, or EOT, is fast becoming a profane term in the property industry, especially from the perspective of buyers who feel they have been robbed of their basic... Read more