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Friday September 20, 2013 MYT 12:00:00 AM
Friday September 20, 2013 MYT 9:26:47 AM
by stuart michael
Bob Steedman, Genting Valley Purchaser s Group pro-tem committee chairman, looking in despair at one of the showhouses at the site in Batang Kali. – By STUART MICHAE/L T he Star
MOST people look forward to retiring to a dream home in a scenic area and the 627 buyers of land in the Genting Valley project, along Route B114 in Batang Kali, Hulu Selangor are no different.
The only problem is that their dream never materialised and all they are left with are dashed hopes and continued woes.
Not only are the buyers now forced to service bank loans taken 13 years ago, they are also facing difficulty with the liquidators, HLB Ler Lam.
In fact, they face the prospect of losing their land.
It all started 13 years ago when the Genting Valley project was proposed near the foothill of Genting Highlands.
Brochures on the project highlighted streams with crystal clear water running nearby as well as a hot spring on the 297.2 ha of land.
It sounded idyllic to the buyers.
The project also attracted foreigners who were in the “Malaysia, My Second Home” programme.
The buyers were also attracted by the advertised facilities such as security system, a club house, swimming pool, KTM station nearby, golf course as well as the chance to live near Gohtong Jaya.
The project is only about 20 minutes from Gohtong Jaya in Genting Highlands.
The brochure stated that the freehold bungalow-type land cost RM15.80 to RM18.80 psf, the smallest of which is 3,600 sq ft.
It stated that the buyers would have to build their own houses but water and electricity, drainage, road and guardhouse would be put in place by the developer.
However, until now there is no water and electricity supply, and the sewerage system is not built.
Buyers are from England, South Korea, Singapore, Bangladesh and India.
However, about 95% of the buyers are Malaysians.
Many paid up to 80% while some made full payment for the land.
What they did not know then was that the developer, Jade San Realty Sdn Bhd, had other plans and did not convert the land.
It remains an agriculture land until now, with no individual titles.
The developer had also made the bank believe that more than 80% of the project had been completed, and then bolted with RM60mil paid out. Within just a few years, the project was abandoned and the developer went into liquidation.
Purchaser, Englishman Bob Steedman, representing members of Genting Valley Purchasers Group (GVPG) who collectively own 500 lots, said in 2008, the liquidators signed three sales and purchase agreements for the sale of the land without informing them or the Selangor Housing and Property Board.
“In the land deal, more than 200 ha were sold for about RM24.1mil, which roughly translates into RM1 psf.
“The liquidators are not answering our calls and we are in the dark about the situation.”
In December last year, the desperate buyers lodged 120 police reports at the Batang Kali police station but nothing has been resolved.
Steedman, who is GVPG pro-tem committee chairman, said he has written to the Prime Minister’s Department and even had a meeting with the Selangor Housing and Property Board to seek help but nothing had come out of it.
“I wonder how this project on agriculture land was approved. The land status should have been changed first. In fact, I am shocked the bank also did not know about the status,” he said.
“Some of the buyers have passed away without seeing a solution.
“I feel the liquidators are dragging their feet in this matter. We urge the relevant authorities to resolve this problem fast,” he said.
“We have paid so much for the properties, we should not be left in the lurch like that,” he said.
The buyers met with Batang Kali assemblyman Mat Nadzari Mat Dahlan at his service centre recently and visited the housing site near Hulu Tamu.
Star Metro also visited the site and saw four showhouses, which were built earlier and in a dilapidated condition now.
The guardhouse at the entrance is covered with overgrowth and there are signs that drug addicts are using the place.
The tarred road to the area is also covered with overgrowth, making access into the area difficult.
Mat Nadzari said he would highlight the matter to Minister in the Prime Minister’s Department Nancy Shukri soon to find a solution for the buyers.
The liquidators, when contacted, refused to comment.
Many buyers still servicing loan payments
Tags / Keywords:
Government, Central Region, Family & Community, Genting Valley purchasers left out of option
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