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Slim River House Buyers Can Get Balance Of Government Loans

Utusan Online 13/06/1999

KUALA LUMPUR June 12 - Purchasers of low cost houses in the Bandar Baru Slim River project, which was abandoned for 12 years, using government loans can apply to use the balance to complete their houses.

Housing and Local Government Ministry head of public affairs Lim Ann Teck said purchasers concerned can pursue the matter with the Housing Loans Division of the Finance Ministry.

The government housing loan is disbursed in stages according to the progress in construction, he said when asked to comment on the steps that housebuyers in the project concerned could take.

A total of 156 purchasers, mainly plantation workers and civil servants, paid more than RM2 million to the developer of the project in 1987 for low-cost houses priced between RM25,000 and RM31,000.

The project was however abandoned a year later before it was taken over by another company in 1993 through a court auction.

Only 133 lots in the project were auctioned off as 23 other lots belonged to buyers who had obtained government housing loans.

The new developer has revived the project and offered a one percent price discount to the original purchasers without taking into account the deposits paid previously.

Houses built on the auctioned lots have been sold to new buyers while nothing was done on the lots beloning to buyers who had taken government loans.

Many of the original purchasers had made use of their Employees Provident Fund (EPF) savings to pay for the deposits for the houses and the civil servants had their salaries deducted RM169.76 a month until today as loan repayments although the houses had been abandoned.

Lim said other house purchasers of the project concerned can apply for low cost houses in similar projects in Slim River in future.

''Allocation of houses is under state government jurisdiction. The Ministry is ready to assist and forward appeals from the purchasers concerned to the state government,'' he said.

The EPF has previously said it would allow the purchasers in the project concerned to make a second withdrawal on their savings in order to purchase other houses.

Lim said since the auction was made under the National Land Code, it would have to be referred to Land and Cooperative Development Ministry to determine if the new developer should assume the liabilities of the previous developer.

He said as the previous developer had been wound-up in 1994, purchasers can forward their claims to the Official Assignees office if the company still had assets

 

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