What was remarkable about this event was that these individuals purchased low-cost houses in a project called Taman Sri Raya, located at 9th Mile, Cheras, back in mid-1989.
The project was developed by Kausar Corporation Sdn Bhd and owned by PNSB, a Selangor state government body.
These families, mostly from the B40 income group, paid a deposit of RM6,000, legal fees of RM200 to Kausar Corporation’s lawyers, land tax of around RM127, and wiring expenses of about RM264.
They signed the Sales and Purchase (S&P) agreement and the houses were expected to be completed by June 30, 1991.
Yesterday, 33 years later, five of the seven families received...