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25% buyers delaying resumption of project

The Star 12/ 8/2002 BY ZARINAH DAUD

The turnkey contractor appointed to revive the abandoned Pangsapuri Widuri project in Butterworth is unable to resume work because it has failed to obtain 100% approval from housebuyers for the rescue package.

Originally scheduled to take off next month, the project is now likely to be delayed as only 75% of the housebuyers had signed the supplementary sales and purchase agreement as requested by the original bridging financier Maybank Finance Bhd.

In a desperate attempt to get all the purchasers to give their endorsement, Pangsapuri Widuri Purchasers Committee chairman Jasper Tan Kok Peng appealed to those who have yet to sign to do so.

“The project has been abandoned for three years and it is pointless to further delay the signing as those who wish to sue developer Diamond Crest Sdn Bhd will not get anything at the end of the day.

“The rescue package offered by turnkey contractor Harta Intan Con-struction Sdn Bhd is very reasonable and housebuyers are advised to accept it,’’ he said at a meeting with the housebuyers on Sunday.

Present at the meeting were Bagan Jermal state assemblyman Datuk Dr Sak Cheng Lum and Harta Intan developer Amir Hussain Abdul Majid.

Amir Hussain said the total cost of the rescue package was estimated at RM25mil and Maybank had agreed in principle to revive the project.

The bank, he added, also agreed to waive the RM5.5mil accumulated interest for the loan given to Diamond Crest so as not to further burden housebuyers.

“However, the bank imposed conditions wanting housebuyers not to claim late delivery charges from Diamond Crest and that ground tenants waive the arrears for the RM400 monthly rental which was supposed to be paid by the developer.

“All these conditions have been included in the supplementary agreement which housebuyers must sign so that we can restart the project next month with completion expected in October next year,’’ he added.

The housebuyers have been left in the lurch after Diamond Crest abandoned the project which comprises 740 low-medium cost units and 230 low-cost units.

Dr Sak said the package offer was a win-win situation for all, adding that the commencement of the project relies entirely on the remaining 25% housebuyers who have yet to sign the agreement.

“The longer the delay, the longer housebuyers would have to wait before they can move in,’’ he said.

Those who have yet to sign can contact the appointed law firm Dana Vallen and Associates at 04-3241032 or Tan at 012-4636003


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