The 16-year wait for unit owners of the abandoned Majestic Heights project in Paya Terubong is expected to come to an end, with the signing of an agreement between the housebuyers and new owners of the project.
A total of 340 housebuyers are expected to be at the office of State Housing, Town and Country Planning committee chairman Jagdeep Singh Deo for three days from tomorrow to Friday, to sign their housing agreement.
Pro-tem committee secretary Khor Boon Peng said the affected buyers have to be present in Jagdeep Singh’s office on the 53rd floor, Komtar between 2pm and 4pm for the signing.
The state government, which has been facilitating the negotiations between the pro-tem committee, which is representing the unit owners and the project’s new owners PLB Land Sdn Bhd, has agreed to facilitate the signing of the agreement.
“The housebuyers must bring a cheque or bank draft of RM10,000 each, a one-time payment made out to ‘Ghazi and Lim’ and RM50 for stamp duty and their identity cards for verification.
“We are encouraging all the buyers to turn up as the committee members will be there during the three days, to assist them with their agreement and to answer whatever questions they might have,” added Khor in a press conference in Komtar, Penang, yesterday.
However, he said those who cannot make it during the three days, can go directly to the lawyer’s office (Messrs Salina, Lim Kim Chuan & Co) at 51-15-C2, Menara BHL, Jalan Sultan Ahmad Shah, Penang to sign the agreement.
The project, known as Taman Paya Terubong (Majestic Heights Phase 2A), was abandoned in 1998 after the previous owners could not continue the project after the completion of the first phase.
PLB Land, which bought over the project last year, began negotiations with the pro-tem committee early this year and a final agreement was reached when both parties agreed to the one-time payment of RM10,000 for the rehabilitation and revival of the project.
Some of the unit owners have been servicing their bank loans although they did not have the property while others had taken legal action against the earlier developer.
It was reported in April that Phase 1 obtained the certificate of fitness on Dec 31, 2003 while Phases 2A, 2B and 3A were abandoned.
When Phase 2A was abandoned, the physical completion was already at 70%.
The project comprises 342 low medium-cost (LMC) units, six shoplots and 22 light industrial units.
Jagdeep Singh could not be reached for comments and calls to PLB Land, which has its office in Chai Leng Park, Butterworth were not returned.
Housebuyers who need more details on the agreement signing can contact Khor at 016-4969690 or vice-chairman Chee Teng Hooi at 012-4310118. - By The Star
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