Taman Seri Molek Perdana apartment project scheduled for completion in March 2019
JOHOR BAHRU: The Housing and Local Government Ministry today gave the assurance that the Taman Seri Molek Perdana Apartment project, which was left abandoned for five years since 2013, would be completed and ready for occupation in March next year.
Its minister, Zuraida Kamaruddin said Syarikat Perumahan Negara Berhad (SPNB), which had taken over the project, had also agreed to pay the Liquidated Ascertained Damages (LAD) for late delivery to the buyers concerned as provided under the sales agreement.
"The developer, which is SPNB, has promised to pay the LAD to the buyers, only that there is the possibility of the payment to be made in stages within a year.
"I was made to understand that for a house, the average LAD is between RM30,000 and RM60,000," she told reporters after visiting the project here today.
Also present were SPNB Group chief executive officer Datuk Ahmad Azizi Ali, Johor Bahru Mayor Amran A. Rahman and Cosmic Master Development Sdn Bhd director Chok Kim Sin.
Zuraida said a letter would be issued by SPNB to the banks concerned to inform them that the buyers would be able to pay their instalment arrears when they received their LAD payment, scheduled after March next year.
"Therefore, I hope the banks involved will cooperate by giving space for the buyers to settle their debts,' she added.
She assured the buyers that the housing project would be ready as promised with a new contractor being tasked to complete it.
"Work is almost 90% ready..only the lift, door and external work, such as road widening, water, etc, to be completed," she said.
According to media reports, nearly buyers of the housing project are disappointed due to the failure of the developer to complete it as promised.
The project, involving six blocks with 972 apartment units, covers 8.5ha. Work on the project started in 2010 and was initially scheduled for completion in 2013.
The apartment units were sold for between RM50,000 and RM250,000 each. — Bernama