MRT line (Conlay Station) is confirmed to be build just next to it (current location is Top Hat Restaurant),
it's an
[U][U]underground[/U][/U] MRT station. Official Letter & plan has been issued to respective Buyers during the signing of S&P. the whole piece of land behind the Grid was purchased by PHB, and is gonna be high end mix development and therefore government decide to build the MRT there to the benefits of its GLC.
Grid is asking for compensation since MRT is requesting their consent to build it underneath the land of Grid;
and MRT might offer to buy over the whole piece of Grid land but MRCB refuse to do so at the moment,
therefore MRCB has compile almost 60% of signed S&P so that it is very solid to proceed court hearing with MRT.
Almost 80% has been fully sold, however for those who were not able to sign S&P before mid Nov 2015 has been stop
from proceed signing due to court hearing.
Buyers who signed it earlier ayhow will get below advantages:
1) Refund of Downpayment + compensation = double the S&P downpayment paid
2) If the project ever delayed, the LAD is high since it's protected by HDA.
Any updates on the hearing? The hearing is about compensation or about MRT Corp buying over the land?