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In a fix over project stalled for 10 years
15/05/2007 The Star By Geetha Krishnan

AFTER 10 long years, purchasers of factory lots for a project that was later abandoned in Puchong are still in a dilemma.

On Friday, the Committee for Abandoned Project by Serangkai Emas Sdn Bhd held a press conference in Puchong and appointed Puchong MP Lau Yeng Peng and Kinrara assemblyman Dr Kow Cheong Wei as facilitators.

“Back in 1996, around 200 purchasers bought lots under the Serangkai Emas Industrial Zone project, subsequently developed on a piece of land behind Tesco Puchong in Pusat Bandar Puchong.

When the project by Serangkai Emas Sdn Bhd stalled in 1999 and SESB eventually wound up, the purchasers were left in the lurch. The project was completed halfway,” said committee vice-chairman S. Mahalingam.

Based on two payment options, purchasers either paid 10% or 20% of the purchase price by securing bank loans or paid up the entire amount. The price for an intermediate unit started from RM382,000.

Subsequently, Pengurusan Danaharta Nasional Bhd took over the project in 2002 under the 6th Property Tender and offered only the unsold lots for sale.

Score Option Sdn Bhd bought the lots and received the master title to develop the land into a residential area.

“But the problem didn't end there. Recently, we made a land search at the Shah Alam Land Office and found out that SOSB had made three charges on the land, including the sold lots belonging to us,” said committee chairman Syed Zainal Rashid.

“We are being kept in the dark while the banks are chasing us for payments. Some of us have been blacklisted for not servicing our loans because it was pointless paying after the project stalled,” said one purchaser who declined to be named.

Dr Kow said he would help them liaise with the relevant government agencies and the Subang Jaya Municipal Council.

“The reason for this press conference is also to ascertain our strength in numbers. The committee is only in touch with around 100 purchasers and we hope more will come forward after this,” said Syed Zainal.

They can contact Mahalingam at 012-288 7070 or Liew Lee Lee at 019-334 4555.

When contacted, a spokesman for SOSB said the company's attempts to contact the purchasers had been futile.

She declined to comment further except to say that the matter was now with their lawyers.


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