3.—(1) The prescribed period as it applies to the following descriptions of scheduled contracts in Part 2 of the Act is extended by a period starting on 20 April 2021 and ending on 30 June 2021:| (a) | an option given by a housing developer to an intending purchaser for the purchase of one or more units of housing accommodation; | | (b) | an agreement between a housing developer and a purchaser for the sale and purchase of one or more units of housing accommodation; | | (c) | an option given by a commercial developer to an intending purchaser for the purchase of one or more units of commercial property; | | (d) | an agreement between a commercial developer and a purchaser for the sale and purchase of one or more units of commercial property. |
(2) The prescribed period as it applies to the following descriptions of scheduled contracts in Part 2 of the Act is extended by a period starting on 20 April 2021 and ending on 30 September 2021: | (a) | a construction contract or supply contract; | | (b) | a performance bond or equivalent that is granted pursuant to a construction contract or supply contract. |
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| (3) In this paragraph, “commercial developer”, “commercial property”, “housing accommodation”, “housing developer” and “unit” have the meanings given by paragraph 2 of the First Schedule to the Act. |
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