New lease of life

Friday December 6, 2013, The Star Online

THE state wants developers to be white knights to rescue several abandoned projects.

Among them are Taman Terubong Indah (Majestic Heights Phase 2A) on the island and Taman Mengkuang Height, Taman Bayu Aman and Taman Orkid Indah on the mainland.

Penang Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said they would assist the developers in whatever way possible to help revive such projects.

He said they would even reduce or waive charges imposed by the state in reviving old projects.

“We are also seeking help from the Task Force for the Revival of Abandoned Housing Projects.”

He was speaking after the opening of Hexagon Tech Park yesterday, a 13-storey building previously known as Adorna Diamond, in Jalan Gurd-wara.

The building was revived by Ferrier Hodgson MH Sdn Bhd, the appointed liquidators of the developer in March 2009.

D’Bright Bina Sdn Bhd, part of Tamarins Group, invested RM19.8mil to rehabilitate the building which is now managed by Raine and Horne International.

Jagdeep Singh said besides the abandoned projects, there were 13 more categorised as ‘sick’ and four projects deemed ‘delayed’ in Penang.

On the abandoned Taman Paya Terubong (Majestic Heights Phase 2A) project, Jagdeep Singh said plans to revive the project would be announced soon.

Penang Chief Minister Lim Guan Eng, who was also present, said the Adorna Diamond building had been abandoned for 14 years since 1999.

“The building was an eyesore but now it has modern facilities.”

All 161 units in the building have been sold.

Ferrier Hodgson partner Andrew Heng thanked the state for waiving the RM400,000 in development charges owed by the previous developer.

“We also secured the Certificate of Fitness really fast,” he said.

Tamarins Group Sdn Bhd director Priscella Tay said they were grateful to the state government for expediting the process in reviving the project.