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What is the penalty standard for liquidated damages for late delivery?
Legal analysis: 1. If the standard of liquidated damages for late delivery is stipulated in the commercial housing sales contract signed by the developer and the buyer, the buyer shall be compensated for the liquidated damages for late delivery according to the standard agreed in the contract.

2. The commercial housing sales contract signed by the developer and the buyer does not stipulate the compensation standard for liquidated damages for overdue delivery. If the developer delays the delivery, it shall still compensate the buyer for the delay in delivery. Where the contract for the sale of commercial housing does not stipulate the amount of liquidated damages or the calculation method of loss compensation, the amount of liquidated damages or loss compensation can be determined with reference to the following standards:

If the payment is overdue, it shall be calculated according to the standard for collecting overdue loan interest of financial institutions stipulated by the People's Bank of China.

Overdue delivery, in accordance with the relevant authorities announced or qualified real estate assessment agencies to assess the same lot of similar housing rent standards during the overdue delivery.

Legal basis: Article 585 of the Civil Code of People's Republic of China (PRC), the parties may agree that one party shall pay a certain amount of liquidated damages to the other party according to the breach of contract, or agree on the calculation method of the amount of damages for breach of contract.

If the agreed liquidated damages are lower than the losses caused, the people's court or arbitration institution may increase the liquidated damages at the request of the parties; If the agreed liquidated damages are excessively higher than the losses caused, the people's court or arbitration institution may appropriately reduce them at the request of the parties.

If the parties concerned pay liquidated damages for delayed performance, the breaching party shall also perform the debt after paying the liquidated damages.