BUYERS of the abandoned Phase 1 low-cost flats in Jalan Kuang Gunung, Taman Kepong, can expect to move in by August next year after waiting for almost seven years.
Housing and Local Government Minister Datuk Chor Chee Heung said the landowner would fund the project because the developer had been declared bankrupt.
“The ministry will continue monitoring the project until it is completed,” he said, during a visit to the project with 540 units.
The project began in May 2003 and Phase 1 was scheduled to be completed in 2006 but was abandoned with 81% completed as the developer, Gallant Acres Sdn Bhd, was declared bankrupt on March 5, 2008.
Chor then ordered the landowner — Kepong Development Sdn Bhd — to find funds amounting to RM14mil to complete the project.
In 2010, the landowner and project’s liquidator — Tentuan Hals & Associates — were given six months to get a court order to restart the project.
Chor had told the house buyers at the time that the ministry would take over by appointing a third party if the landowner and liquidator failed to take action within the six months,
Phase 1 of the Li Garden Apart-ment and condominium project consists of three blocks of low-cost flats and 12 shoplots.
Phase 2 consists of 396 low-cost units.
Kepong Community Centre head Yee Poh Ping, who has been championing the issue on behalf of the buyers, said the project would be completed between December this year and February next year.
“However, the buyers can only move in around August next year as we still need time to apply for the Certificate of Fitness and get approval for other utilities,” he said.
Chor said 100 out of the 177 abandoned housing projects had been revived and completed since 2009.
Out of the remaining 77 projects, Chor said 51 were still under construction while the other 26 were still under discussion for revival.
“Most of the projects are low-cost schemes.
“We want to concentrate on helping low-cost house buyers,” he said.
By The Star
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