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Liew committed to help 1Sulaman Condominium’s purchasers

24th June, 2016

KOTA KINABALU: Api-Api Assemblywoman Christina Liew has welcomed the response from the Local Government and Housing Minister that his ministry will intervene in the case of the winding up of Sagajuta (Sabah) Sdn Bhd, the developer of 1Borneo Shopping and Condo including hotel complex, as well as the 1Sulaman Condominium, as thousands of buyers are affected.

“I hope that the appointment of a new developer will be materialised soon. These buyers have been waiting patiently for years for their units, many of them have to continue financing their loans when they entered the Sale and Purchase Agreement (S&P),” she said.

On Tuesday, she again called on the State government to review the existing housing laws, so as to ensure better protection for house buyers in the state.

She especially urged the State government to review the security deposits placed by the housing developer with the Housing Controller, so as to ensure that it is adequate to protect the interest of the buyers in the event of a failed project.

She also opined that the State government should consider implementing the “build and sell” concept, or at least ensure that 50 per cent of the houses are built, before selling, and also whether insurance should be obtained to cover the cost of the housing project.

She proposed this in response to the plight of the purchasers of the 1Sulaman Condominium, following the winding up of Sagajuta. There are about 1,600 of purchasers in the two blocks of condominium.

The 1Sulaman project started in 2009 and was supposed to have completed in 2012 with vacant possession to the buyers. However, the project almost came to a stop since year 2011 with only 80 per cent complete and the two blocks about 30 per cent into the work progress.

Many of the purchasers are first-time home buyers and have been paying the loans to the bank pending completion of the project even before moving into their units.

Some incurred double expenses, servicing the loans while paying rent for their accommodation while waiting for the units to be ready. Some are from districts such as Tawau and Kudat.

Liew who is also a deputy president of PKR Sabah called on the affected buyers to set up an Action Committee and offered to give them legal advice. – By Michael Teh

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