Nov 20 2007, 04:47 PM
QUOTE(wision @ Nov 20 2007, 01:22 PM)
Sorry for my poor translation. It should be Ministry of Housing and Local Goverment instead of land Office.
Below i share with u a news in The Stars dated 15/05/2007.
In a fix over project stalled for 10 years
15/05/2007 The Star By Geetha Krishnan
AFTER 10 long years, purchasers of factory lots for a project that was later abandoned in Puchong are still in a dilemma.
On Friday, the Committee for Abandoned Project by Serangkai Emas Sdn Bhd held a press conference in Puchong and appointed Puchong MP Lau Yeng Peng and Kinrara assemblyman Dr Kow Cheong Wei as facilitators.
"Back in 1996, around 200 purchasers bought lots under the Serangkai Emas Industrial Zone project, subsequently developed on a piece of land behind Tesco Puchong in Pusat Bandar Puchong.
When the project by Serangkai Emas Sdn Bhd stalled in 1999 and SESB eventually wound up, the purchasers were left in the lurch. The project was completed halfway," said committee vice-chairman S. Mahalingam.
Based on two payment options, purchasers either paid 10% or 20% of the purchase price by securing bank loans or paid up the entire amount. The price for an intermediate unit started from RM382,000.
Subsequently, Pengurusan Danaharta Nasional Bhd took over the project in 2002 under the 6th Property Tender and offered only the unsold lots for sale.
Score Option Sdn Bhd bought the lots and received the master title to develop the land into a residential area.
"But the problem didn't end there. Recently, we made a land search at the Shah Alam Land Office and found out that SOSB had made three charges on the land, including the sold lots belonging to us," said committee chairman Syed Zainal Rashid.
"We are being kept in the dark while the banks are chasing us for payments. Some of us have been blacklisted for not servicing our loans because it was pointless paying after the project stalled," said one purchaser who declined to be named.
Dr Kow said he would help them liaise with the relevant government agencies and the Subang Jaya Municipal Council.
"The reason for this press conference is also to ascertain our strength in numbers. The committee is only in touch with around 100 purchasers and we hope more will come forward after this," said Syed Zainal.
They can contact Mahalingam at 012-288 7070 or Liew Lee Lee at 019-334 4555.
When contacted, a spokesman for SOSB said the company's attempts to contact the purchasers had been futile.
She declined to comment further except to say that the matter was now with their lawyers.
@ The bolded part,Below i share with u a news in The Stars dated 15/05/2007.
In a fix over project stalled for 10 years
15/05/2007 The Star By Geetha Krishnan
AFTER 10 long years, purchasers of factory lots for a project that was later abandoned in Puchong are still in a dilemma.
On Friday, the Committee for Abandoned Project by Serangkai Emas Sdn Bhd held a press conference in Puchong and appointed Puchong MP Lau Yeng Peng and Kinrara assemblyman Dr Kow Cheong Wei as facilitators.
"Back in 1996, around 200 purchasers bought lots under the Serangkai Emas Industrial Zone project, subsequently developed on a piece of land behind Tesco Puchong in Pusat Bandar Puchong.
When the project by Serangkai Emas Sdn Bhd stalled in 1999 and SESB eventually wound up, the purchasers were left in the lurch. The project was completed halfway," said committee vice-chairman S. Mahalingam.
Based on two payment options, purchasers either paid 10% or 20% of the purchase price by securing bank loans or paid up the entire amount. The price for an intermediate unit started from RM382,000.
Subsequently, Pengurusan Danaharta Nasional Bhd took over the project in 2002 under the 6th Property Tender and offered only the unsold lots for sale.
Score Option Sdn Bhd bought the lots and received the master title to develop the land into a residential area.
"But the problem didn't end there. Recently, we made a land search at the Shah Alam Land Office and found out that SOSB had made three charges on the land, including the sold lots belonging to us," said committee chairman Syed Zainal Rashid.
"We are being kept in the dark while the banks are chasing us for payments. Some of us have been blacklisted for not servicing our loans because it was pointless paying after the project stalled," said one purchaser who declined to be named.
Dr Kow said he would help them liaise with the relevant government agencies and the Subang Jaya Municipal Council.
"The reason for this press conference is also to ascertain our strength in numbers. The committee is only in touch with around 100 purchasers and we hope more will come forward after this," said Syed Zainal.
They can contact Mahalingam at 012-288 7070 or Liew Lee Lee at 019-334 4555.
When contacted, a spokesman for SOSB said the company's attempts to contact the purchasers had been futile.
She declined to comment further except to say that the matter was now with their lawyers.
If the master title has been subdivided and sold to them as claimed, it cannot be combined back into 1 master title so easily without the consent of the owners of the subdivided lots as per registered with the land office.
If the master title has never been subdivided, therefore, they do not own any part of it as claimed and they should take it up with Serangkai Emas Sdn Bhd (part of MBF Properties) or its liquidators if they truly feel they have a case since they signed a contract with Serangkai Emas Sdn Bhd (part of MBF Properties) and not Score Option Sdn. Bhd.
And the master title has never been subdivided, so what claim are they talking about that it is their land?
==========================================================================
If what the newspaper report is true, I am sure, upon a police report, the culprits would be arrested and charged for selling their "rightful lots"
Surely the ministry would be very upset if their instructions in their letter were ignored.
We have laws in this country you know, and laws must be upheld. I await the news on the arrest of the culprits, if the report is true la. On the other hand, if no arrest is made i assume all the shouting and screaming are just hot air.
Footnote:
1)Who did they pay too and is it in full? Im quite sure upon payment the title would be transferred to them
They paid to Serangkai Emas Sdn Bhd (part of MBF Properties) which did not deliver, so go after Serangkai Emas Sdn Bhd or its liquidator to get their claims la.
2) Why did they not submit a caveat with the land office when Pengurusan Danaharta Nasional Bhd auctioned it off or when Serangkai Emas Sdn Bhd (part of MBF Properties) went into liquidation ? Or the fact that they did not even file claims with the liquidator?
It is because they have no interest onto the land.
3) Serangkai Emas Sdn Bhd (part of MBF Properties) did not even complete 5% yet alone half. Just a few stilts and they were charging these people up to 70% already. Therefore these people complaining should sue the bank for negligence in disbursing the loan to the developer.
4)The Land ownership system in our country is an inherited British Thorren system. All interests and ownership in land are registered with the land office.
We can easily establish who is the the real registered owner by a land title search with the land office.
This post has been edited by bryanyeo87: Nov 21 2007, 11:14 PM
Quote
Thanks, will try to make a trip there this week to check out.
0.0245sec
0.53
6 queries
GZIP Disabled