By Farah Wahida:
The citizens of Kedah should be enlightened on why the RM230million mixed-housing project in Pokok Sena is working on a snail space, according to Kedah Gerakan Youth chief Tan Keng Liang
The 1,811-unit project — being developed by Perbadanan Kemajuan Negeri Kedah’s unit Seri Temin Development Corporation (M) Sdn Bhd — is supposed to be completed by 2017.
“When Mentri Besar Datuk Seri Azizan Abdul Razak launched it in January 2010, he said a total of 128 double-storey terrace houses priced at RM140,000 had been snapped up, but based on recent observations, not even 50 units are completed.”
Under the Housing Development (Control and Licensing) Act of 1966, residential projects should be completed within two years following the signing of the sales & purchase (S&P) agreement.
“If the developer fails to do so, he needs to compensate 10 percent of the purchase price annually, which accounts up to RM3.584 million,” said Tan.
“Is the state government ready to bear the responsibility and compensate the amount?”
Moreover, Tan fears that the government would not be able to complete the project in time due to its debt, which had soared up to RM3 billion.
“The state government should have used the RM330 million loan for the construction of Kolej Universiti Insaniah (Kuin) campus in Kuala Ketil on the housing project instead. After all, Kuin is not a priority,” he claimed.
Farah Wahida, Editor of PropertyGuru, wrote this story. To contact her about this or other stories email farahwahida@propertyguru.com.my
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