Personal Finance Term
Schedule H (Under-Construction Property)
The standard sale and purchase contract for buying a strata (high-rise) unit still under construction from a developer, prescribed by Malaysian housing law. It fixes a staged payment schedule tied to building progress.
Under the Housing Development (Control and Licensing) Act, sales of new strata homes must use the Schedule H contract (Schedule G is the equivalent for landed homes). Its core feature is the progressive payment schedule: you pay in instalments as the developer completes defined construction stages — foundation, structure, walls, and so on — rather than the full price upfront, with each release certified by the project architect. This protects buyers from paying for work not yet done.
Schedule H also sets the vacant possession deadline and a defect liability period (commonly 24 months after handover) during which the developer must fix defects at no cost, plus liquidated damages payable to you if the project is delivered late. Buying under construction can mean a lower entry price and developer incentives, but carries delivery and completion risk, so check the developer's track record and licence status before committing.