P 11 DELAYED HOUSING PROJECT

Progress Report:

14 August 2008. Meeting at KPKT and decisions:

1. PjH agreed to take over the developement of the project.

2. KPKT will issue the Ministers Order to the effect.

20 August 2008. Warta Kerajaan gazetted (Minister’s Order)

Contestable issue in the Order-

Item 5: PjH still liable to the LAD clause in the old S&P

between the buyers and ACSB.

PjH apparently never agreed to this provision.

The AG Dept. felt that it was “ ultra vires “ on the part of KPKT.

PjH applied for Judicial Review on the Ministers Order. This was scheduled to be heard on the 23^rd Oct.08.

KPKT revoked ( withdrew ) the Ministers Order on the 15^th Oct 08

Pro tem comm.. of P11 sent in the letter representing our stand on the matter to the KPKT on the 20^th. Oct. 2008. Highlighted and emphasized was the buyers stand ( more than the required 80% ) to forgo our right to claim that LAD from the new developer ( PjH ).

We did not receive any response.

04 November 2008 Protem comm. meeting with KPKT

Briefing on the latest status of the project.

We are literally back to square one.

We expressed our dissapoinment as we, the buyers have already agreed to waive that claim from the new developer (PJH )

Decisions made at end of the meeting:

1. KSU of KPKT will try to revive the negotiations by writing and discussing this issue with the KSN He hope to convince the KSN to direct the PjH to continue with the project,

2. KSU requested our help in getting ALL BUYERS to commit again ( in writing ) to the stand that we will not be claiming that LAD from PjH.

3. A meeting of ALL BUYERS for this purpose is being arranged as soon as possible . Look out for details and we hope to get your full cooperation.

Prepared By Protem comm.: 5^th November 2008