More buyers send out 'SOS'

29/08/2000 The Star

Buyers of yet another stalled project on the island have called on the Government to help them out of their dilemma.

Taman Cemerlang Purchasers Committee chairman Y. S. Chang urged the authorities to look into the matter as many buyers were affected by the repeal of the Rent Control Act.

"Many who have bought units in the project are from the lower-income group,'' he said in a statement.

Chang said the project, located in Bandar Baru Air Itam, comprised 984 medium and 391 low-medium cost units, with most of the sale and purchase (S&P) agreements signed in 1997 and 1998.

Most buyers, he added, had paid 10% of the purchase price, ranging from RM50,000 to RM110,000, as down payment but some had already forked out 20% or more.

He said the developer was wound up by the Penang High Court in December last year and the official receiver had been appointed as provisional liquidator.

"It would appear that the company is not in a position to revive and complete the project,'' he said.

Chang added that the committee had been set up to look into the possibility of cooperation among buyers to revive the project.

"We urge all buyers to contact us so that we can identify them and call for a meeting eventually to decide on the fate of the project,'' he said.

He said a registration exercise of buyers would be conducted between 8.30pm and 10.30pm from Sept 4 to 8 at Paya Terubong assemblyman Dr Loh Hock Hun's service centre (Tel: 8273727).

Buyers, he added, should bring with them copies of the S&P agreement, bank loan agreement, bank loan approval letter, premise unit and carpark deposit receipt, identification card and carpark agreement.

For enquiries, buyers of Block A units should contact K. H. Yeoh (Tel: 017-4771693). The other contact persons S. E. Pek (Tel: 2643397) for Block B, M. C. Soo (Tel: 8267095) for Block C, L. S. Yeap (Tel: 019-4461721) for Block D and K. C. Koay (Tel: 016-4580742) and Chang (Tel: 017-4733122) for Block E.