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Housebuyers awaiting news on waive issue
04/03/2002 The Star

Purchasers of the stalled Taman Terubong Indah (Majestic Heights) Phase 1 project are still waiting for an answer from the state government on the waiving of contributions amounting to RM3.62mil.

Housebuyers ad-hoc committee chairman B.H. Lim said the matter was tabled during a meeting with the authorities on Jan 30, adding that they had promised to reply by Feb 28.

“The work to revive the project, supposed to begin this month, cannot proceed if we do not get an answer from the state government soon.

“We hope for an answer by next week,’’ he said, adding that the committee hoped that the revival work, the cost of which would be borne by the purchasers themselves, could start by mid March.

Bayan Baru MP Wong Kam Hoong had said on Feb 17 that the state government must waive the RM3.62mil in total contributions imposed by the council and utility companies.

He said the cost of reviving the project was RM15.5mil, adding that it could be reduced to RM9.8mil if the state government agrees to waive the RM3.62mil in contributions for services and the RM1.15mil in shared costs.

If the additional costs are waived, the 1,557 buyers would only need to fork out about RM6,300 each, otherwise they would have to pay about RM9,600.

Launched in 1995, the Majestic Heights project, consisting of 2,955 housing units (grouped under Phases 1, 2A, 2B and 3A), 55 shoplots and 22 light industrial units, is the country’s largest single abandoned housing project.

The project hit a snag when the developer faced financial problems in 1998. On Oct 16, 2001, the High Court handed down an order for the developer to be wound up.

 

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