Do the math, housebuyer tells
The Sun 28/10/2003
I am a victim of the Lembah
Beringin project. I read your report "Ministry:
Section 11 only as last resort." (theSun Oct 18)
Can some learned people please
explain the meaning of "last resort"? It has been said that the
housebuyers are no longer interested in Lembah Beringin.
Even Lembah Beringin chief
operating office Mohd Najib Mohd Rawi said that the project has been
abandoned. And Mike Krishnan, the managing director of Lembah Beringin
told Deputy Housing and Local Government Minister Datuk Peter Chin that
the project has been abandoned. (The Sun Oct 14).
So what else does Chin want?
And now he brings in Syarikat Perumahan Negara (SPN) (to revive the
project). Personally, to me, it is just passing the buck form one
developer to another. And hopefully (for Chin), the housebuyers of Lembah
Beringin will shut their mouths.
Does he think just because he
wears a suit he is smarter than us? If this is the attitude of a minister
in handling the public problems, then I honestly feel sorry for myself and
other housebuyers, current and future.
Indirectly, he is telling,
housebuyers, "I give you another contractor and you shut up, and
developer, you can laugh your way to the bank".
On an estimate, there are 900
houses abandoned, each costs about RM150,000. The development stage is
between 30% and 60% completion. Lembah Beringin could have collected about
RM60,000 per housebuyer. (RM150,000 x 40% average) x 630 (70% of 900
houses sold) = RM37.6 million.
And we're talking about
housebuyers of four projects. How about Lembah Beringin's other projects
there, like the bungalows, business centre, etc? So what happens to the
money that Lembah Beringin collected? Can the ministry investigate that?
Or will Chin ask SPN to take over?
Victim of Lembah Beringin