Sign agreement fast to revive housing project, buyers urged
The Star 5/1/2006

HOUSE BUYERS of Taman Serosa in Kajang are urged to sign a supplemental agreement soon so that the abandoned project can be revived.

At least 75% of the 108 house buyers have to sign the agreement before Jan 15.

Serdang MP Datuk Yap Pian Hon, who worked with an action committee set up by Taman Serosa house buyers, said Cahaya Maha Gaya Sdn Bhd had been appointed by liquidator Horwath Sdn Bhd to revive the project.

Horwath was appointed by Housing and Local Government Ministry, and was authorised by the court to call for tender for the project’s revival works.

According to Yap, the 3.16ha Taman Serosa was supposed to comprise 110 low-cost units (RM35,000 each), 240 medium-cost units (RM98,000) and 63 double-storey terrace units (RM149,800). A total of 95 low-cost, 13 terrace and none of medium-cost units were sold.

Buyers signed Sales and Purchase Agreement between 1998 and 2000, and works began in 2000. A year later Serosa Resources Sdn Bhd was declared bankrupt and the orks stopped.

Two of the five rows of terrace units were about 80% complete, the low-cost units had only pilings done while nothing was started for the medium-cost units.

“The process to revive the project was long because it required court’s decisions. However, even though we have waited for some years, we are confident that the project can be revived soon with the cooperation from all,’’ Yap said at a press conference on Monday in Kajang.

“I urge the buyers to come forward at once to sign the supplemental agreement,” he said, adding that buyers only needed to settle the balance of their house payments.

He said the new developer would absorb the previous developer’s debt of RM5.45mil, adding that it had pledged to complete the terrace units in 12 months and the low-cost units in 30 months.

President of the action committee Hussin Saimin said only 60% of the buyers could be contacted through the particulars they left behind and only less than 10% had signed the supplemental agreement.

Buyers should contact 012-653 0807 (Hussin), 019-363 5867 (Zuraidah) or the lawyer, at No: 9, First Floor, Medan Midah, Taman Midah, Tel: 03-9131 3899.