New Year Update 09 January 2009

P11 Updates

1. Early December 2008 : Protem Comm sent out letters to the following:

a. Minister of Housing & Local Govt. Dato Seri Ong Ka Chuan

b. Minister of Fed Territory. Dato Seri Zulhasnan Rafique

c. Member of Parliament Putrajaya, Dato Seri Tg Adnan Tg Mansor

and cc all the letters to the Prime Minister and the Dep. Prime Minister.

Contents: Highlighting our problem and plight with regard to this delayed project P11. Requesting their help in pushing for some conclusion.

2. Response:

a. President of Perbadanan Putrajaya, Tan Sri Samsudin Osman, convened a meeting between Perbadanan Putrajaya, PJH and KPKT on Monday 5th Jan 09. Some concrete decisions were reached at this meeting hence the proposed meeting at Perbadanan Putrajaya on Wed 7th. Jan 09 involving the Protem Comm was cancelled.

b. A meeting was held today, Friday 9th.Jan 09 at the KPKT convened by the Jab. Perumahan Negara ( Govt. housing projects monitoring agency ) involving: KPKT , PJH, ACSB, CIMB and the Protem Comm. The following decisions were made.:

i. A new Minister Order will be issued for PJH to take over the project

ii. PJH has agreed in principles to all the terms of the new order and will apply for the development rights .

3. ACSB will simultaneously apply to transfer that dev. Rights to PJH.
4. All buyers will be required to sign a new S&P Agg. With PJH. All the terms will be as agreed upon earlier on by all parties ( no change at all )
5. If all goes as planned, work should start , latest by April 2009.

Protem Comm. made the following commitments on behalf of the buyers:

1. Buyers ( more than 80% of those contacted ) agreed that PJH will NOT be
held liable to the LAD stipulated in the old S&P agg signed with ACSB.
But maintained our right to pursue that claim from ACSB.
2. Buyers , together with PJH, will laise with the financiers as to the
change in the developer.

The Protem comm. will update the members from time to time

Dr Onny