Sign agreement fast to revive
housing project, buyers urged
The Star 5/1/2006
HOUSE BUYERS of Taman Serosa in Kajang are urged to sign a supplemental
agreement soon so that the abandoned project can be revived.
At least 75% of the 108 house buyers have to sign the agreement before Jan
Serdang MP Datuk Yap Pian Hon, who worked with an action committee set up by
Taman Serosa house buyers, said Cahaya Maha Gaya Sdn Bhd had been appointed
by liquidator Horwath Sdn Bhd to revive the project.
Horwath was appointed by Housing and Local Government Ministry, and was
authorised by the court to call for tender for the project’s revival works.
According to Yap, the 3.16ha Taman Serosa was supposed to comprise 110
low-cost units (RM35,000 each), 240 medium-cost units (RM98,000) and 63
double-storey terrace units (RM149,800). A total of 95 low-cost, 13 terrace
and none of medium-cost units were sold.
Buyers signed Sales and Purchase Agreement between 1998 and 2000, and works
began in 2000. A year later Serosa Resources Sdn Bhd was declared bankrupt
and the orks stopped.
Two of the five rows of terrace units were about 80% complete, the low-cost
units had only pilings done while nothing was started for the medium-cost
“The process to revive the project was long because it required court’s
decisions. However, even though we have waited for some years, we are
confident that the project can be revived soon with the cooperation from
all,’’ Yap said at a press conference on Monday in Kajang.
“I urge the buyers to come forward at once to sign the supplemental
agreement,” he said, adding that buyers only needed to settle the balance of
their house payments.
He said the new developer would absorb the previous developer’s debt of
RM5.45mil, adding that it had pledged to complete the terrace units in 12
months and the low-cost units in 30 months.
President of the action committee Hussin Saimin said only 60% of the buyers
could be contacted through the particulars they left behind and only less
than 10% had signed the supplemental agreement.
Buyers should contact 012-653 0807 (Hussin), 019-363 5867 (Zuraidah) or the
lawyer, at No: 9, First Floor, Medan Midah, Taman Midah, Tel: 03-9131 3899.