Time 900pm -1030pm
RSS consultant- Nik and PHUKB (Dr Rafick/En Ali)
a. Overall Matters
Discussion between the state appointed consultant and the various other investors and Intelbest is moving smoothly. I would say that am quite happy at the rate of progress made so far. I visited the site yesterday and saw some significant activity. The ramp/deck is being completed.
b. The committee is planning to get LAD paid in the form of land or building by Intelbest. This is being discussed. The details mechanism involving all purchasers will be advice later. Rest assured, it is the intention of the committee to get every single cent due to property owners either in the form of cash or property.
c. Target completion for units is in 7 months.
d. The specific progress report for the respective block is as follows:
i. Low cost 146 and 256
1. Work is progressing at site of the 146 block. At the 256 block cleaning works has started. It is expected that construction work will commence at 256 unit sometime mid april 2009
ii. PKS/PKSR block
1. Negotiation is on going with Intelbest and another potential investor to buy back the units from the owners of PKSR and PKS. Status remains same. Outcome of buying back scheme looks bright
2. The committee has reminded RSS consultant that under no circumstances this buy back is to be done by Tan Sri Chan Ah Chye or its cronies
iii. Block A
1. Details of discussion completed. Site possession is completed. Prelim work started
iv. Block B,C,D and F
1. Details has been finalize.
For PHUKB committee