A turnkey contractor is ready to inject RM1mil to kick start
efforts to revive Pangsapuri Widuri in Butterworth, which has been
abandoned for nearly three years.
Harta Intan Construction Sdn Bhd director Amir Hussain Abdul
Majid said the total cost of the rescue package was estimated at
RM25mil, provided all house buyers agreed not to claim late delivery
charges from the developer, Diamond Crest Sdn Bhd.
He said squatters must also agree not to seek the RM400 monthly
rental which was supposed to be paid by the developer.
“In return, the buyers do not have to fork out a single sen for
the revival work and all transactions involved will be handled by a
financial institution through a Real Estate Housing Developers
Association account for transparency reasons.
“We hope more buyers and squatters will come forward to sign a
supplementary agreement endorsing the rescue package to prevent
further delay on the revival efforts.
“If they do not sign the agreement and still insist on claiming
the late delivery charges, we may have to incur higher costs,” he
told reporters after representatives from an independent financial
adviser, Ferrier Hodgson MH, visited the project site in Lorong
Cempa on Tuesday.
Present were Bagan Jermal assemblyman Datuk Dr Sak Cheng Lum,
Pangsapuri Widuri Purchasers Committee chairman Jasper Tan Kok Peng
and Ground Tenants Committee chairman Ong Thian Chuan.
The abandonment of Pangsapuri Widuri, which comprises 740
low-medium cost units and 230 low-cost units, had left some 500
buyers of low-medium cost units and 157 squatters who had bought the
low-cost units in the lurch.
Amir said the project’s original bridging financier, Mayban
Finance Bhd, had appointed Ferrier Hodgson to evaluate and audit
Harta Intan’s proposal before giving it the green light to revive
Dr Sak said Housing and Local Government Minister Datuk Seri Ong
Ka Ting had informed him that the ministry had continuously
initiated efforts to help the project, adding that the ministry had
sent officers to talk to Mayban Finance on the rescue package.
“It is now in the final stages and in the hands of the financing
bank, which we hope will make a decision as soon as possible,” he
Tan said so far 440 house buyers and ground tenants had signed
the supplementary agreement, leaving some 200 who have yet to do so.
He advised those yet to sign to either contact the appointed law
firm, Dana Vallen & Associates (04-3241032) or call him