Cash-strapped developer leaves condo buyers in the lurch

28/07/2003 NST

KUALA LUMPUR, Sun. - Buyers of the Estana Court Condominium, near Hulu Kelang, were left in the lurch after its developer failed to deliver their homes.

Desperate to get their woes settled, the 180 buyers set up a committee known as the Estana Court Condominium Buyers Committee.

A spokesman for the committee, Ani Hashim, said the developer, Kumpulan Promista Development, was supposed to deliver the condominium in 1998.

However, the buyers, she said were left in the lurch when the company landed in financial difficulties.

She said the developer had met with the Housing and Local Government Ministry and promised to apply for certificate of fitness for the buildings.

"The committee, however, doubts the developer's ability to do anything now as its business has been wound up."

Ani also said a letter had been sent to Bank Negara requesting interest levied on buyers who took housing loans be waived after consulting the National House Buyers Association.

The committee is appealing to other affected buyers to come forward and support its efforts.

It hopes the authorities would help end their predicament.