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Housebuyers ‘must decide’

The Star 02/12/2002 By Ng Su-Ann

SOME 600 housebuyers of the stalled Fettes Villa project in Fettes Park, Penang, have to make a decision. 

They have been told to decide whether they want the project to continue or try to get back their downpayment of between RM10,000 and RM15,000 each. 

Project liquidatorsMaria Chin and Mok Yuen Loke distributed survey forms atmeeting with the buyers at the Caring Society Complex on Thursday night. 

LISTEN UP...a housebuyer giving his views at the housebuyers meeting at the Caring Society Complex.

The survey forms are to collect their personal data and their choice of action. 

Chin said: “If buyers agree to continue with the project, we will get the costings and tell them the sum they need to pay. 

“We also need data from the buyers to gauge the feasibility of the project.” 

The housebuyers protem action committee co-ordinator S.L. Poh said: “The developer has abandoned the project and there is little chance for us to get back our downpayment. 

“Rather than throw our hard-earned money into the sea, it is better for us to continue with the project.” 

He said if the buyers opt to get back their money, they would have to seek other means such as political assistance. House-buyer Jamie Lim expressed disappointment with Chief Minister Tan Sri Dr Koh Tsu Koon for failing to fulfil his general election pledge to help revive the project. 

“If the state government can’t help us, who can?’’ she asked. 

Another housebuyer Added: “I doubt we can get back our downpayment. So, it’s better to revive the project.” 

Also present were Kebun Bunga assemblyman Datuk Dr Teng Hock Nan, Tanjung MP Chow Kon Yeow and the Chief Minister’s special assistant Cheang Chee Gooi. 

“If buyers wish to continue with the project, the liquidators will engage another developer to revive the scheme,” Dr Teng said. 

The buyers should also choose several members from their pro tem committee to liaise with the liquidators, he Added. 

The RM300mil project in Tanjung Tokong, which started in 1995 and scheduled for completion in 1997, was stalled in 1996.  

The scheme comprised about 900 condominium units (costing between RM120,000 and RM130,000), low-medium cost (LMC) apartments (RM50,000) and 20 shop- lots (RM120,000). 

However, only about 210 condominium units and 358 LMC apartment units were sold while the shoplots hAd been sold out. 

The LMC and shophouse units are about 10% completed while work on the condominium units had yet to start. 


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