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.
(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.