/10/2001The
Star
PENANG: The 3,000-odd Majestic Heights apartment purchasers may have to
fork out a few million ringgit to revive the project as the developer has
agreed in principle to start winding up, state executive councillor Dr Loh
Hock Hun said yesterday.
The purchasers would be given a formula to indicate how much each of
them should pay, he said.
“At this point, we do not know the exact amount as the assessment will
be made by a Court-appointed liquidator,’’ he said, adding the court
hearing to appoint a liquidator which was scheduled on Sept 24 , was
postponed to Oct 16.
He said this at a colouring and drawing competition held in conjunction
with an anti-mosquito campaign at the Bandar Baru Air Itam police
quarters. The competition attracted 105 participants aged from five to 12
.
Dr Loh said the purchasers must pool their own funds to pay the
liquidator and other expenses that would be incurred.
The path that needs to be taken to guarantee revival was clear now
following the action taken recently by Housing and Local Government
Minister Datuk Seri Ong Ka Ting to invoke section 11(1)d of the Housing
Developers Act to direct the company to wind-up within a month, he said.
“Now purchasers have a clearer picture on the course of action to be
taken as we can now see a clear solution to this problem that had been
plaguing the buyers for several years.
Launched in 1995, the project in Paya Terubong offers 2,955 housing
units, 55 shoplots and 22 units for light industry. The project hit a snag
in 1998 when the developer faced financial and management problems.
It had been reported last Tuesday that the Majestic Heights Sdn Bhd had
agreed before Justice Md Raus Shariff to the winding-up order filed by 545
buyers of Majestic Heights Phase 1 apartments.
Dr Loh said the state government would bear the cost of building roads,
retaining wall and infrastructure related to the project, adding that
could amount to another few million ringgit.
Officer-in-charge of Bandar Baru Air Itam police station Sub-Insp Yusof
Basaruddin said the colouring and drawing competition was the first
organised by the police quarters residents association, adding the event
was supported by Dr Loh.
The top three winners of the kindergarten category were Nurzulaikha Abd
Rahman, Nurul Nadiah Sahidan, and Fatin Athirah Mohd Radzi, all aged six.
The primary school students were divided into three categories. The top
three winners of each category were Yap Sin Lim, Devapraba Nair, Nurul Ain
Mohni, all aged seven, Noraina Syakirah Zainudin, 10, Mohd Syamil Mohd
Jidin, nine, Nurul Farhanim Sahidan, 10, Nurul Ateena Kaharuddin, 11,
Puteri Farah Nabila Ahmad Khairi, 10, and Nik Nur Aisvah Nik Mohd Noor, 11
