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Register with panels, flat buyers urged
18/10/2001 The Star

PENANG: The 3,000-odd purchasers of Majestic Heights have been urged to register with their respective ad-hoc committees to facilitate the liquidator’s feasibility study on the stalled project.

A spokesman of the Ad-Hoc Committees for Taman Terubong Indah (Majestic Heights) said the study would only be completed fast with the co-operation from all purchasers.

“Now is the time for the purchasers to work together to come up with a solution instead throwing away their investment of RM40,000 to RM50,000,” he said in response to the appointment of Deloitte KassimChan as the project’s liquidator.

“We are confident that we will see the houses in two years if not earlier,” he said.

On Tuesday, a High Court had ordered the developer, Majestic Heights Sdn Bhd, to be wound up and the appointment of Deloitte KassimChan to dissolve the company.

The firm’s corporate restructuring and recovery services executive director Chu Siew Koon had said they would come up with an action plan by early next year.

Purchasers can register themselves every Thursday from 9.30pm to 11pm at Bayan Baru MP Wong Kam Hoong’s service centre at Wisma Indah, 1236-G-7, Jalan Paya Terubong.

They must bring along their identity card, loan agreement and the sales and purchase agreement.

 

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