EXTENDED DEFECT LIABILITY PERIOD: WHAT IS THE IMPACT

 That is a good information for all developer. I not aware of this new requirement because I did not involve with private development. This is also good news for purchaser which the DLP will be even longer but will become another cost in price. ( Opportunity to price increase) however even with the extended DLP, if the construction work are properly executed as per specification and requirement and also good workmanship, There shall be minor increase in pricing or even no price hike at all. 

PS: When an Engineer do the design, they will design to meet at least minimum safety factor regardless how long the DLP going to be. An Architect will design to put in aesthetic value to the finish product. This will blend together to meet at least minimum requirement for a property. If this are going to be done properly by contractor, developer might not even need the DLP. DLP is just an assurance of the quality of the product delivered by developer and it is another marketing strategy and also value added service ( give confident to purchaser that the property is of good quality) to lure the will be purchaser to purchase the property.

Thank you again to you for this info. For the FB..I regrate to tell that my FB is my privacy. However we can always exchange opinions via this email.

Regards

AERO

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 the Government has gazette a new statutory requirement for all developer to extend the DLP to 36 month, up from 14 month previously. With this new requirement, you as contractor are to be more careful on workmanship as the developers transferring risk to contractor. As a contractor, how to going to demand for 30% increase on the construction cost from your client to ensure of better quality? what effect extended DLP to third party.