No house, but forced to pay the bank

No house, but forced to pay the bank
14/04/2009 The Star

ABOUT 165 families who paid their deposits to purchase houses at Taman Genting Raya, near Chemor, Ipoh five years ago are suffering because their houses have not been completed, Tamil Nesan reported.

About 45% of the affected families are Indians and many have been forced to service monthly interest payments of RM110 to the bank.

A couple, S. Logeswaran and P. Tamarai said they signed a RM45,000 sales and purchase agreement for their house in 2004 and the project was expected to be completed in 2006.

Logeswaran said they were forced to service the payments as they had been threatened with legal action if they failed to pay up, adding that they were told to refer to the housing developer for clarification.

The developer has closed its offices and could not be reached.