Perhaps it's due to tough construction issues during the Circuit Breaker, or perhaps it's just slipping standards due to the rush, but we've been hearing an inordinate number of complaints about recent new launches. While we don't want to point any fingers, there's definitely a notable uptick in comments and grumbling this year. Here's what may be happening: Some recent...
Perhaps it's due to tough construction issues during the Circuit Breaker, or perhaps it's just slipping standards due to the rush, but we've been hearing an inordinate number of complaints about recent new launches. While we don't want to point any fingers, there's definitely a notable uptick in comments and grumbling this year.
While no one has disclosed the exact amount of their damages to us, liquidated damages are usually computed daily, at an interest rate of 10 per cent per annum on the total sum of instalments paid. There have been other buyers that were startled by how badly the tiles in their balconies were laid. You would imagine that such obvious physical defects like this would have been fixed, before being handed over to the homeowners.All this has led to defect inspection companies enjoying increased demand right now.
This could also be a cause of seemingly more defects being reported today, rather than in previous years as most homeowners wouldn't be able to uncover as many issues as a professional.When we spoke to realtors, most of them laid the blame on Covid-19. Many of these new launches were built at a time when manpower was scarce, and when severe restrictions were in place. This meant that the usual workflows were very disrupted, and it was a rush to look for new workers.
On the ground, worker costs have also gone up because of other costs such as housing dormitory costs .
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