What are buyers seeking from developer and PKNS lawsuit?

Question

Accepted Answer

Buyers Seek Project Completion and Compensation in Lawsuit Against Developer and PKNS

Ten house buyers in Setia Alam have initiated legal action against Sazean Development Sdn Bhd and Selangor State Development Corporation (PKNS), seeking either the fulfillment of their sales and purchase agreements or the project's completion and compensation for losses. The buyers are demanding that Sazean Development deliver vacant possession of their homes as stipulated in their agreements, or alternatively, that both Sazean Development and PKNS complete the project and hand over the properties within six months of a court judgment.
Specific Performance or Project Completion Mandate

The core of the buyers' claim revolves around compelling Sazean Development to honour its contractual obligations. They are seeking a court order for specific performance, which would mandate the developer to fulfil the terms of the sales and purchase agreement, including the delivery of vacant possession. If Sazean Development is unable to comply with this order, the buyers are requesting a declaration that both Sazean Development and PKNS are jointly responsible for completing the Anjung Sari@ Bandar Setia Alam project and delivering the houses within a six-month timeframe from the date of the court's decision.
Compensation for Rental Losses and Damages

Beyond the physical delivery of the homes, the buyers are also pursuing financial redress for the hardships they have endured due to the delays. They are asking for a declaration that PKNS and Sazean Development must compensate them for losses incurred, specifically for rental payments made while awaiting their homes or for lost rental income opportunities. This aspect of the lawsuit highlights the financial strain placed upon the buyers as a direct consequence of the project's protracted delays.
Claim for Liquidated and General Damages

Furthermore, the plaintiffs are seeking a judicial declaration holding both defendants liable for various forms of damages. This includes liquidated ascertained damages, which are pre-determined sums for specific breaches as outlined in the agreement, as well as general damages to cover unforeseen losses. The buyers are also requesting interest on these sums and reimbursement for legal costs associated with filing the lawsuit, seeking a comprehensive financial resolution from the court.

Reading history

Hide →

This history is cleared when the page is closed.

What are buyers seeking from developer and PKNS lawsuit?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends