
Delayed Condo Handovers: What the R&F Princess Cove Ruling Means for Buyers
Bán nhà chậm trễ: Ý nghĩa của phán quyết vụ R&F Princess Cove đối với người mua
Source: Vnexpress
A recent court decision in Johor Bahru shows how delayed condo handovers can affect property buyers. Understanding the ruling helps anyone considering a new apartment, especially in cross‑border markets.
The Johor Bahru High Court ruled in favor of purchasers of 84 units at R&F Princess Cove, finding that developer R&F Development had breached its sale‑and‑purchase agreements by splitting the original first phase into two separate phases. The split meant some buyers received keys before shared facilities were finished.
Because of the breach, the court ordered R&F Development to pay compensation for the late delivery. Compensation for each unit was calculated at 10 % annually of the purchase price, and for shared facilities at 10 % annually of one‑fifth of the purchase price.
The court rejected claims for another 39 units and ordered each buyer to pay RM10,000 in legal costs. These buyers had signed after the developer changed the building plans.
R&F’s lawyer Josiah Tea said the developer plans to appeal the decision. The purchasers’ lawyer and a property observer said the ruling highlights the importance of developers meeting their contractual commitments, offering lessons for prospective buyers in Johor Bahru.
You finished this article
Words from this article
8 recommended words · 0 looked up
Recommended
You looked up
You haven't looked up any word in this article yet.
Practice this article
PracticeRead next
Latest NewsTechnology · B1 · 1 min readVietnam’s ‘Smart Follower’ Plan Shows How to Roll Out 5G Quickly and Cheaply
Chiến lược “Người theo dõi thông minh” giúp Việt Nam triển khai 5G nhanh và tiết kiệm
Latest NewsBusiness · B1 · 2 min readAI‑led exports and a weak home market push China's surplus past $1 trillion
Xuất khẩu AI và thị trường nội địa yếu đẩy thặng dư thương mại Trung Quốc vượt mốc 1.000 tỷ USD
Latest NewsWork · A2 · 1 min readHow Office Bidets Can Lift Morale and Save Money
Gối vệ sinh văn phòng: Nâng cao tinh thần, tiết kiệm chi phí