Key takeaways
A High Court ordered R&F Development to pay RM10.56 million to 84 Princess Cove buyers after splitting the original phase, leaving facilities unfinished. The ruling uses the November 2018 completion date for compensation, while dismissing claims from 39 later purchasers.
- R&F Development must pay RM10.56 million in compensation to 84 successful claimants.
- Claims from 39 purchasers were dismissed, and they must pay RM10,000 in legal costs per unit.
- The court determined compensation based on the November 2018 completion date, not the 2017 key handover.
Summarised automatically by AI from the original article by New Straits Times. AI can make mistakes, so check the original for details.
JOHOR BARU: A High Court ruling here ordered a condominium developer to pay RM10.56 million in compensation to 84 purchasers, raising the stakes for developers over contractual delivery obligations and incomplete facilities.
The ruling against R&F Development Sdn Bhd followed its decision to split the original first phase of its Princess Cove waterfront development into two.
This resulted in buyers receiving their keys while parts of the wider development remained unfinished.
The court ruled that the original Phase One completion date in November 2018, rather than the October 2017 key handover, should determine the compensation period.
