Press statement by YAB Tuan Lim Guan Eng, Chief Minister of Penang at KOMTAR on the 15th of December, 2014.
The State government has facilitated the rehabilitation of Phase 2A of the abandoned Majestic Heights project involving 370 property owners, by successfully procuring PLB Sdn Bhd to agree to rehabilitate the same. This project was abandoned since 1998.
After the announcement of the said rescue project by PLB Sdn Bhd in April this year, the white knight company has now finalised the construction agreement which is to be executed by the purchasers and their subsidiary, PLB KH Bina Sdn Bhd.
Amongst others the pertinent terms in the agreement is that the purchaser will pay a sum of RM10,000.00 to a firm of solicitors which will hold the same as stakeholders, whereby RM5,000.00 will be disbursed to the company upon commencement of works and the balance RM5,000.00 will be disbursed upon completion of the said project. It should be noted the sum of RM10,000.00 was agreed upon after successful negotiation by the State government and the company which had initially proposed RM45,000.00 be paid by each purchaser for the rehabilitation of the said abandoned Phase 2A of Majestic Heights. The total cost involved to revive the said abandoned phase 2A of Majestic Heights stands at RM17 million.
Further, after successful negotiation between the State government and the company, the company has agreed to extend the defect liability period from 3 months to 12 months.
Under the said construction agreement the company has agreed to proceed with the rehabilitation works after a minimum number of 220 purchasers execute the said agreement. The execution of the said agreement between the company and the purchasers which began last Wednesday has todate seen 127 purchasers execute the said agreement.
It is hoped that the remaining purchasers will come forward and execute the said agreement. Towards this end they can do so by coming to the 53rd floor of KOMTAR this coming Wednesday, 17 December 2014 from 2pm until 4pm or make an appointment with the solicitors Salina, Lim Kim Chuan & Co.
The Penang state government views seriously the plight of those purchasers which have become victims of abandoned housing projects and will facilitate to the best of its ability the rehabilitation of such projects in the interests of the said victimised purchasers.
LIM GUAN ENG
-- CN Version --
国云集团在今年4月份作出宣布后，这家白武士公司目前正敲定将由购屋者及其旗下子公司PLB KH Bina 有限公司的建筑合约。