Commencement of Part 8C of the COVID-19 (Temporary Measures) Act 2020

On 1 July 2021, Part 8C of the COVID-19 (Temporary Measures) Act 2020 (“Part 8C“) and the subsidiary legislation in the COVID-19 (Temporary Measures) (Part 8C Relief) Regulations 2021 (“Part 8C Relief Regulations“) came into operation. Part 8C serves to provide support to developers who face delays in the construction of properties due to the pandemic and are unable to meet the date of delivery of vacant possession to purchasers under the Sale and Purchase Agreement (“SPA“). Part 8C also allows purchasers to seek, from developers, reimbursement of certain qualifying costs (capped at 70% of the liquidated damages which the developer would originally have been liable under SPA) for expenses incurred by the purchasers as a result of the delay in delivery of possession of their units (after the delivery date/vacant possession date stated in the SPA). 

This Update provides an overview of the key features of Part 8C and the Part 8C Relief Regulations.

For more information, click here to read the full Legal Update.

CONTACTS

Co-Head, Corporate Real Estate
+65 6232 0512
Singapore,
Senior Partner
+65 6232 0514
Singapore,
Partner
+65 6232 0951
Singapore,
Co-Head, Corporate Real Estate
+65 6232 0693
Singapore,

Country

EXPERTISE

SECTORS

Share

Rajah & Tann Asia is a network of legal practices based in Asia.

Member firms are independently constituted and regulated in accordance with relevant local legal requirements. Services provided by a member firm are governed by the terms of engagement between the member firm and the client.

This website is solely intended to provide general information and does not provide any advice or create any relationship, whether legally binding or otherwise. Rajah & Tann Asia and its member firms do not accept, and fully disclaim, responsibility for any loss or damage which may result from accessing or relying on this website.

© 2024 Rajah & Tann Asia. All Rights Reserved. All trademarks are property of their respective owners.