Delays caused by the developer, and the buyer's claim for compensation for losses.

1. Article 16 Where a party requests a reduction on the grounds that the agreed liquidated damages are too high, it shall make an appropriate reduction on the basis that the liquidated damages exceed 30% of the losses caused; If the parties demand an increase on the grounds that the agreed liquidated damages are lower than the losses caused, the amount of liquidated damages shall be determined according to the losses caused by the breach of contract. Judging from the provisions of this article, any liquidated damages agreed in the commercial housing sales contract can be adjusted according to the actual losses.

Article 18 If there is no liquidated damages stipulated in the second paragraph of this contract or the amount of loss is difficult to determine, it can be calculated according to the total amount of the house purchase payment paid and with reference to the standard for financial institutions to charge interest on overdue loans stipulated by the People's Bank of China.

Based on the above two items, it can be seen that if the delivery is delayed and the penalty is too low, it should be adjusted according to 16. The actual loss amount cannot be determined during adjustment, so it is calculated according to the standard of charging overdue loan interest by financial institutions.