What are the options to get
units completed?
22/04/2004 The Star
HOUSING and Local Government Minister Datuk Seri Ong Ka Ting has
said housing developers cannot escape paying late delivery fees to
housebuyers unless the delay was caused by a natural disaster or
where the buyers agree to waive the fees, “Ong: No excuses for late delivery of
houses,” (The Star, April 12).
This and other statements by the minister ostensibly in support of
the housebuyers are very encouraging.
Based on media reports, the number of cases of developers not
honouring their legal obligations to pay compensation to buyers for
late delivery in accordance with the sale and purchase agreement is
on the rise.
I am among 400 housebuyers who are facing a pitiful situation.
The developer abandoned the project four years ago after having
collected 80% of the purchase price as progressive payments.
Now he is willing to pay only a token sum as compensation that only
represents about 5% of the total sum due to us.
The point to consider here is that the project is yet to be
rehabilitated.
Meanwhile we, the housebuyers who are mainly from the lower
middle-income group, are compelled to pay our monthly loan
instalments to the bank with interest.
The Housing and Local Government Ministry has been trying to help us
by holding a few meetings with the parties concerned but the matter
remains unresolved.
We would like to know the options we have to get our medium-cost
apartments completed early without compromising too much on the
compensation from the developer.
