House buyers demand return of deposit

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PROTEST: Purchasers of Fadason Villa houses claim that the developer is keeping them in the dark about the status of the project

KUALA LUMPUR: PURCHASERS of houses at Fadason Villa in Taman Fadason are asking the developer to return their deposit.
They are upset that the developer, Fadason Holdings Sdn Bhd, had failed to inform them of the current status of the project and why the project had stalled.
 Kepong Community Centre head Yee Poh Ping said that 33 purchasers who have paid a 10 per cent deposit had no clue of what was happening to the project. The price of the three-storey link units at Fadason Villa is estimated around RM1.3 million to RM2 million. Yee said the project, which is a joint venture between City Hall and the developer had stalled last year and the purchasers were concerned about the status of the development.

"They are unsure of the status of the project and are demanding for their deposit," he said.

Yee said that the purchasers had written a complaint letter to the Housing and Local Government Ministry (KPKT) last year and was told that the matter was under investigation.

"KPKT said they had conducted an investigation in December and will be charging the developer for collecting deposits without first signing the Sales and Purchase Agreement.

"KPKT said that based on their investigation, the chief operating officer (COO) of Fadason Villa had resigned in September last year without handing over his duties.

"The developer also claimed that they had lodged a police report over some missing documents and the way Fadason Holdings Sdn Bhd was managed during the COO's time there," he said.

Yee said that according to the KPKT investigation, there was insufficient funds in Fadason Holdings Sdn Bhd's account to pay back the purchasers' deposits when the COO left the company.

"KPKT said that the developer had agreed to pay back the deposit owed to purchasers.

"The developer said that it needed time to settle a land issue, as they had been served a court injunction.

"They said once the land issue was resolved, they would then solve the matter with the purchasers.

"However, the developer didn't give a time frame of when they would solve the land issue," he said.

Yee said that KPKT had informed the purchasers that they can file a civil suit to get their money back.

"The purchasers now want City Hall, which owns the land, to resolve the issue. They want to know why City Hall had failed to monitor the project," he said.

Yee said that the purchasers will protest in front of City Hall if the city council doesn't solve their problem.

"The purchasers will give City Hall two weeks to call for a meeting with all the parties involved.

"They want City Hall to explain to the purchasers the status of the development. They want the truth," he said.

Purchaser Ng Tong Kah said he had yet to receive any news about the deposit he paid in July last year. "After paying the deposit, I went to get a bank loan.

"The bank didn't approve the loan because the developer had failed to give certain documents to the bank. That was when I demanded that the developer returned the deposit.

"The developer agreed and asked me to write a letter for the deposit.

"I submitted the letter in September but have yet to receive my money," he said.

Purchasers of houses in Taman Fadason want the developer to return their deposit.

Kepong Community Centre head Yee Poh Ping (left) with two purchasers of the houses at Fadason Villa. Pic by Nurul Syazana Rose Razman.


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