Buyers told to pay up ‘extra’ sum by Nov 2

28/10/2002 The Star

After four years, the stalled nine-block Majestic Heights is on course to be fully revived. 

However, the buyers have been asked to promptly pay up their “contribution sum” of RM7,500 each if the project is to be completed by January next year. 

Launched in 1995, the project, comprising 2,955 housing units, 55 shoplots and 22 light industrial units, is the country’s largest single abandoned housing project.  

Revival works on the project, also known as Taman Terubong Indah Phase 1, began on Aug 8 under a new developer. 

Some 1,560 purchasers, affected by a tripartite agreement involving them, project liquidator Deloitte KassimChan and their end financier, have been asked to pay up RM7,500 each for the project to be completed.  

The puchasers ad hoc committee vice-chairman Lee Kok Eng said about 500 purchasers have paid up, while the others had not done so.  

“We urge them to pay by the Nov 2 deadline so the developer can complete it on time,” he said during a visit to the site in Paya Terubong yesterday. 

He said revival works were on schedule, with the nine-block apartments now about 40% completed. It was earlier anticipated that by next Saturday, the project would have been 50% completed. 

He said he was confident that the new developer, Wira Properties Management Sdn Bhd, would be able to complete the project by Jan 18 next year.  

Paya Terubong assemblyman Datuk Dr Loh Hock Hun urged those who might have complaints after viewing their units to register their grouses with the developer. 

Retiree Goh Oon Teik, 68, however, said he would have trouble coming up with the additional sum by the Nov 2 deadline as he had already lost four years of interest payments to service his loan as a result of the delay. 

He purchased an apartment costing RM75,000 and a shoplot costing RM107,000 in Block 1A. 

“Banks don’t want to lend me because of my age. I took out all my EPF savings for these two units in the hope that my disabled son would have a place to live and a small store to support himself when I am gone,” he said. 

Goh claimed his wife died of grief three years ago when the project stalled during the last recession.