Fresh hope for stalled project
26/09/2002 The Star By CATHERINE CHONG
THE stalled Menara Kuda Lari project in Jalan Lumba Kuda,
Penang, is expected to be completed within six months following the
appointment of a project manager.
Project receiver Lee Jong Ki said the developer Ever Noble Sdn Bhd had
entered into a project management agreement with Januari Properties Sdn
Bhd on Sept 9 to resume construction of the medium-cost apartments.
He said the developer had delivered vacant possession of the site to him
and manager Tham Soon Seong on Sept 10 while site clearing commenced on
“The project, consisting of three 12-storey and two four-storey blocks of
209 units, was already 80% completed before it was abandoned.
“Revival work should take about six months up to the certificate of
practical completion (CPC),” he told a press conference on Sunday.
Tham added that it would however take another few weeks to apply for the
certificate of fitness for occupation,
He said a briefing for the 200-odd purchasers would be held at the Penang
Caring Society Complex at 11.30am on Sept 29.
Menara Kuda Lari Purchasers Committee secretary Lim Beng Poh urged all
the purchasers to attend the briefing and those who have yet to register
with the committee to do so.
“There are still more than 60 buyers who have not registered with us. We
greatly value their co-operation to enable the committee to act on behalf
of all purchasers,” he said.
Work on the Menara Kuda Lari project began in December 1994 and vacant
possession was scheduled to have been handed over to the buyers by 1997.
However the project stalled and eventually abandoned in 1996.