Dear Dato' Lee,
At the hearing at the the Melaka High Court on Monday morning, the learned Judge granted our application to deliver vacant possession and keys to all parties entitled to it. Our solicitors are in the midst of preparing the draft Order to be signed by the High Court.
In the meantime, we are proceeding to issue our final billings and letters of handing over vacant possession to all participating purchasers of Blocks A, B, C & the retail podium. In view of the huge volume of letters and billings involved, we will be sending these out to purchasers/ end financiers in stages, starting today. We aim to send out all these notices before the end of this week. Purchasers will be given the keys to their properties upon the settlement of the final 5% of the purchase price and other related charges.
We express our gratittude again to you and your team for your tireless effort and support throughout the rehabilitation process.
Regards
Subra E Gounder
It is good news indeed.
I don't have the copy with me right now, but I suppose in the S&P, the final 5% is disbursed by the banks(for those with loan) in 2 instalments of 2.5% each, 6 months after the purchaser taking over the vacant possession.
How about the sinking fund and other miscellaneous charges (if any)?