Extension of prescribed period for Part 2 of Act
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.