The 1,557 purchasers of Taman Terubong Indah (Majestic Heights) Phase 1 have been urged to expedite payment of the contribution sum of RM7,500 each towards the completion of the revived project. 

Project liquidator Deloitte KassimChan’s corporate reorganisation group executive director Chu Siew Koon said the completion of the project on schedule very much depended on the co-operation of the purchasers. 

“To date, the response has not been very encouraging as we only have about 300 purchasers who have attended the purchasers’ reconciliation exercise to sign the tripartite agreement or the cash purchaser’s agreement,’’ he said.  

The exercise, which began on Oct 16, ends on Nov 2. 

Chu was speaking at a press conference at the Majestic Heights office at Level 15, Menara Northam at Jalan Sultan Ahmad Shah yesterday. 

He said purchasers who were keen to apply for additional financing of RM7,500 would be required to sign the tripartite agreement between the purchaser, liquidator and the end financier. 

The cash purchaser’s agreement between the purchaser and the liquidator was for those who pay up the contribution sum in cash. 

Chu said letters dated Oct 7 had been sent out to all the purchasers informing them of the exercise but there may be some who failed to receive them. 

“We hope these purchasers will come to the Menara Northam office between 9am and 6pm daily except on Sundays as we have to release about RM6mil to the contractor by the first week of November,’’ he said. 

Chu said the contractor Wira Properties Management Sdn Bhd was expected to complete 50 per cent of the revival works by the first week of November. 

“It important that the purchasers come forward to pay up the contribution sum in order for the project to be completed on schedule by end of January next year.” 

He advised purchasers who opted for the additional loan to bring along a photostat copy of their identity card, J form for two preceding years and salary slip for six months or employers reference letter, and a copy of the sales and purchase agreement. 

He said if two parties were signatories of the S&P, both parties must turn up to sign the agreement. 

Wira Properties project director Teh Kian Chong, who was also present, said revival works on the five of the nine blocks in Phase 1 had been completed. 

“We expect to be on schedule and complete 50% of the works by the first week of next month,’’ he said. 

The purchasers’ ad-hoc committee chairman Lim Beng Hong said an open day would be held on Sunday from 10am to 4pm for purchasers to view the progress of the revival works. 

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