Slim River House Buyers Can
Get Balance Of Government Loans
Utusan Online
13/06/1999
KUALA LUMPUR June 12 - Purchasers of low cost
houses in the Bandar Baru Slim River project, which was abandoned
for 12 years, using government loans can apply to use the balance to
complete their houses.
Housing and Local Government Ministry head of
public affairs Lim Ann Teck said purchasers concerned can pursue the
matter with the Housing Loans Division of the Finance Ministry.
The government housing loan is disbursed in stages
according to the progress in construction, he said when asked to
comment on the steps that housebuyers in the project concerned could
take.
A total of 156 purchasers, mainly plantation
workers and civil servants, paid more than RM2 million to the
developer of the project in 1987 for low-cost houses priced between
RM25,000 and RM31,000.
The project was however abandoned a year later
before it was taken over by another company in 1993 through a court
auction.
Only 133 lots in the project were auctioned off as
23 other lots belonged to buyers who had obtained government housing
loans.
The new developer has revived the project and
offered a one percent price discount to the original purchasers
without taking into account the deposits paid previously.
Houses built on the auctioned lots have been sold
to new buyers while nothing was done on the lots beloning to buyers
who had taken government loans.
Many of the original purchasers had made use of
their Employees Provident Fund (EPF) savings to pay for the deposits
for the houses and the civil servants had their salaries deducted
RM169.76 a month until today as loan repayments although the houses
had been abandoned.
Lim said other house purchasers of the project
concerned can apply for low cost houses in similar projects in Slim
River in future.
''Allocation of houses is under state government
jurisdiction. The Ministry is ready to assist and forward appeals
from the purchasers concerned to the state government,'' he said.
The EPF has previously said it would allow the
purchasers in the project concerned to make a second withdrawal on
their savings in order to purchase other houses.
Lim said since the auction was made under the
National Land Code, it would have to be referred to Land and
Cooperative Development Ministry to determine if the new developer
should assume the liabilities of the previous developer.
He said as the previous developer had been
wound-up in 1994, purchasers can forward their claims to the
Official Assignees office if the company still had assets
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