Developers have to deposit 40% of Project Cost

Khir Toyo: Developers have to deposit 40% of Project Cost




ARE YOU REALLY SERIOUS ABOUT IT - THAT IS TO INSIST THAT DEVELOPERS HAVE TO DEPOSIT 40% PROJECT COST IN A BANK AS PERFORMANCE BOND, OR ARE YOU CAKAP SIA SIA SAHAJA?

To ensure that housing projects are not abandoned, Selangor wants developers to put 40% of the overall development cost in a bank before land conversion is carried out.

Mentri Besar Datuk Seri Dr Mohamad Khir Toyo said the 40% was based on past situations where projects were abandoned with 30% to 40% yet to be completed.

He said the requirement was to protect the interest of potential house and commercial property buyers.

“Forty percent is a justifiable amount. The requirement is based on the 36 abandoned projects in the state which had been left idle with 30 to 40% yet to be completed."

“With the 40% in the financial institution, it would act as a surety to ensure that the project is completed."

“With this mechanism we feel it would give birth to developers with excellence,” he said.

He said the state would also put a stop to the unscrupulous method of developers who used the buyer’s initial and progress payments to push through a housing project to rake in the profits upon completion.

Dear MB, its a fantastic idea!!!! But do you & your EXCO members have the balls to implement that requirement or you are just poking pointers at some developers so that they come running to you and your EXCOs to negotiate at the mamak stall?

I'm sure REDHA will be horning loud in the next few days and Ong Kah Ting will speak in tongue soon. lets wait for more!!!!!

A New Kampung Baru Proposal

KAMPUNG BARU OR KOTA RAYA BARU?



A group of influential Kampung Baru residents has proposed that a statutory body be set up to develop the settlement, one of the largest undeveloped real estate left in the city. They have drawn up plans to be submitted to the Government that the agency, modelled after the Putrajaya Corporation, handle matters such as land acquisition and compensation to residents was the only way to satisfy all parties.

The agency will act as the middleman. Previously any attempts to develop included a third party who had an interest.

“We are going to suggest that the Government sets up an agency, which paid compensation and had the right to develop the area. Redevelopment will be done in blocks or precincts,” said a source.

The initiative is headed by Titiwangsa MP Datuk Astaman Abdul Aziz.

However, the status of Kampung Baru, as a Malay Agriculture Settlement, must be repealed if any redevelopment was to take place on the 90ha village.

The development until now could not be done because the people could not be paid the amount they were asking for, which was anything between RM250 and RM500 per sq ft.

“Since it is Malay Agriculture Settlement land, it cannot be owned, transferred or occupied by non-Malays. There are existing bylaws where buildings cannot be more than five floors and compensation will be very low compared to commercial land.” Under the proposal, the residents will not be paid 100% in cash.

“We want to avoid a situation where we give them money and they end up spending it all without saving. We will suggest giving them financial instruments such as bonds, where they will get houses once a precinct is completed,” the source said.

The interesting point to NOTE:

The clergy and those wisemen who are proposing the project development are saying that the Kampung Baru people don't have ability to take care of themselves and at such, they need a body managed by the clergy, to control their monies, how they spent the money, when to spent, what to spent and at what proportion it will be given to them. If you are one of the land owner in Kg Baru, how do you feel? Isn't this statement a contempt; a total disrespect to the people of Kampung Baru?

The people in Kampung Baru are not stupid as make out to be. If you take a good look at the quality of their houses and the way of life, their entrepreneurship ability, you will know that they are doing reasonably well because they are wise and frugal. It is those businessmen who are eyeing Kg. Baru development that will benefit themselves first, and they are looking into ways of a reduced working capital, a longer period of payment of compensation and the creative methods of financing their project with lesser capital by paying the compensation in bonds, stocks, debentures, warrants, deferred payment, etc. At such, they have to camouflage their intend by pronouncing their concern of how the money will be spent on behalf of the interest of the people in Kg Baru.

There's a saying of these clergies:

DI DEPAN KEDAI,KEPALA RUSA DI GANTUNG,
TETAPI SE BENARNYA, YANG DI JUAL ADALAH DAGING ANGING."

MALAYSIA BOLEH .... tipu!

WATER PRIVATIZATION - THE WAR BEGINS

Water privatization

PUNCAK NIAGA BEGINS WAR WITH LIM KENG YAIK



75,000 ROZALI'S STAKEHOLDERS WITH INTER-RELATED INTERESTS & PERSONAL INTERESTS CONSPIRED UNDER THE BANNER OF SELANGOR MALAY CHAMBER OF COMMERCE (OF WHICH ROZALI IS THE PRESIDENT), SENT A MEMO TO PM TO SPEED UP WATER PRIVATIZATION AWARD TO SYABAS-PUNCAK NIAGA IN THE PRETEXT OF THE WATER WOES FACED BY SELANGOR RESIDENTS.

The memorandum, addressed to Prime Minister called on the Government to speed up the privatisation of water supply, if it had decided to do so.

It was handed to Domestic Trade and Consumer Affairs Minister Datuk Shafie Apdal during a dialogue with the Selangor Malay Chamber of Commerce here today.

The signatures were collected by a group of 15 organisations and associations who largey comprises his cronies, his consultants for the target project and his probable sub-contractors and suppliers, and probably his staffs and includes those others related.

Chamber president Tan Sri Rozali Ismail said frequent water supply disruptions, poor water quality, low water pressure and other forms of water supply problems had consistently affected consumers. Among the points raised in the memorandum was that consumers were now having to purchase individual water filters as a result of poor water quality. Another was that consumers do not want to hear continuously about financial difficulties and the hassles of government bureaucracies before any suggested solution is put forward. An example is the setting up of the National Water Commission. The time that would take for it to be set up has been used as an excuse for not implementing remedial works and integrated actions to solve the problems. Another point raised was that inefficient management and planning of water resources had contributed to the increased level of water lost through leaking pipes, burst pipes and rampant illegal supply connections. These are the factors why water is not a revenue earner. Rozali said if immediate steps were not taken to solve the problems, it would be the consumers who would suffer and subsequently their businesses would be affected in many ways. "Consumers are often informed of the problems causing the lack of water supply but they are not being solved," he said.

LIM KENG YAIK WAS EQUALLY QUICK & WITTY. HE TOO CALLED FOR A MEETING WITH INDUSTRY PLAYERS AT HIS MINISTRY.

In that meeting, it was reported that water industry players have urged the Government to review some of the contracts awarded by some states, saying they are inconsistent with the current plan to centralise water supply operations in the country. They said some of the contracts were only awarded recently, but not through the Economic Planning Unit (EPU), which oversees privatisation projects.

“There could be some irregularities in the way certain contracts were awarded and they should be reviewed in the spirit of creating a level playing field for all water industry players,” an executive with one of the companies told StarBiz.

Such concerns were voiced by industry players during a series of meetings organised over the past week by the Ministry of Energy, Water and Communications.

“Most players in the state are unhappy about how some of the water contracts were unequal with one company enjoying higher rates than the others,” the executive said, adding that in one instance, payments received by a water company from the state government were based on its total capacity rather than its actual production, as was the case with other water firms. The difference in contract pricing, he said, had resulted in a higher water bill for the state water body, Perbadanan Urus Air Selangor Bhd (PUAS), which had to pay for treated water it did not use. In the long run, such contracts would also disadvantage consumers, the executive said.

EPILOGUE:

It can be clearly seen that Tan Sri Rozali is getting impatient and sense that he and his Puncak Niaga will not have an easy time with Lim Keng Yaik as regard to the price he wants and the profit that was presumably assured by the Mahathir's regime. So, before the National Water Commission gets to the parliment for approval, he abused his position in the Selangor Malay Chamber of Commerce by selectively organizing his group of cronies and stake-related-holders to present a Memo to the Prime Minister in an effort to apply communal political pressure under the disguise of the interest of Malay Chamber of Commerce and the selective Malays in general, to discredit Lim Keng Yaik and forced him to back-off or they would trash him into pieces.

God forbid if Rozali ever managed to get his way, it will spell the death of democracy and meritocracy, which is the core integrity of Badawi's government. The game is getting insidious and they are treading the line of communalisim and exclusivism. My wonder is: "Was it the intent of the privatization deal made by Mahathir, to be on communal basis and is Rozali representing the Malay chamber of commerce and the malays as a whole?

When it comes to money and the get-rich quick national-economic-scheme, you will see the declared public angel unweils his devilish fangs.

I hope the nation gets behind Keng Yaik to thwart-off the schemers. We can never find another brave man in the likes of Keng Yaik, who had the absolute courage to stand by the right principles and who isn't afraid to lose his neck which is out-stretched to the limit in order to protect and uphold the Rakyats' interests and in exposing the national robber barons.

KENG YAIK BOLEH & WE HOPE PAK-LAH WILL SUPPORT YOU!