1,400 waiting for white knight to come along
The Star 15/04/2002

About 1,400 purchasers of the stalled Taman Cemerlang housing scheme are still waiting for a white knight to rescue the project in Bandar Baru Air Itam.

Housebuyers committee chairman Chang Yeong Shen said most buyers were from the low income group and could not afford to come up with additional money to take over the project themselves.

The buyers were left in the lurch when the developer, Penangan Maju Holdings Sdn Bhd, wound up in December 1999.

The project, which should have been ready by end of 2000, comprises 984 medium cost and 391 low-medium cost units priced at between RM50,000 and RM110,000. The housebuyers had already paid between RM5,000 and RM10,000 in deposits.

Chang urged purchasers to register themselves with the committee to facilitate future negotiations between the committee and other relevant authorities. To date, fewer than half the purchasers had registered.

“We hope all the purchasers will register soon and sign a consent letter to give the mandate to the committee to act on their behalf,” he told a press conference called by Paya Terubong assemblyman Dr Loh Hock Hun on Saturday.

It was recently reported in the Chinese dailies that a developer was negotiating with the project financier Malaysia Building Society Berhad (MBSB) over the possibility of reviving the project. However, the committee has not heard from the company concerned.

“We also came to know that a few other companies are also negotiating with MBSB to revive the project,” said Dr Loh, who declined to reveal the names of the companies.

Purchasers can register themselves from 8.30pm to 10pm every Friday starting on April 26 at Dr Loh’s service centre at 1250-B Jalan Paya Terubong, Air Itam.

Those who have yet to register are required to bring along photocopies of the Sale and Purchase Agreement (S&P), bank loan and car park agreements, bank loan approval letters, unit and car park down payment receipts and identification cards.

Those who have already registered are required to bring along their subscription receipts.

Buyers of Block A units should contact J. L. Ong (%04-8297148). The other contact persons are S. E. Pek (04-2643397 for Block B), M. C. Soo (04-8267095 for Block C), L. S. Yeap (019-4461721 for Block D) and K. C. Koay (016-4580742 for Block E). Chang can be contacted at 017-4733122