Summary of Meeting between D'Piazza condo purchasers and Developer X-Scan on 25th March 2010

Below is the summary of the D'Piazza condo meeting between Developer and Purchasers:-

Venue: Komtar Level 11(MPPP Meeting room)

Date: 25th March 2010

Time: 10:30am to 12:30pm

Representatives from Purchasers:

1.  Justin Yap

2.  Shi Geok Beng

3.  Lee Jit Heng

4.  Ng Tzyy Hao

5.  Justin Ooi

6.  Saw Lee Kim

7.  Alex Lim

8.  Lim Kooi Chong

9.  Jackie Chow

Representatives from Developer:

1.  Dr. Basir

2.  Mike Lim

3.  Mr Lim

Representative from Henry Butcher(Butterworth)

1.  Mr Teh

Representatives from MPPP(mediator)

1.  Ar. Yew Tung Seang(Chief Architect/Building Director)

2.  Ar. Danny(Architect)

VIP guest(mediator)

1.  YB Tn. Sim Tze Tzin (ADUN for Pantai Jerejak)

Meeting Minutes

1)   Minimum requirement for carpark allocation is 777 units. Developer X-scan provided 999 units which met the MPPP guideline.

2)   Minimum required plot size for each carpark lot is 2.4m x 4.8m. Developer provided two type of car park 2.5m X 5m (standard car park) and 2.5 X 10m (Long car park).

3)  Those front/back carpark is assigned as 2.5mx10m (Long car park). 

4)  Developer listened to the purchasers' side of stories

5)  Purchasers listened to Developers' side of stories

6)  Both Developer and Purchasers agreed on coming to the meeting with the mindset to find the resolution to the front back carpark issue.

7)  Three options have been given by Developer X-Scan to affected front/back carpark owners:

a)      Accept the rebate of RM 4000 (after negotiation during meeting among developer & resident representatives)

b)  *    Swap the front/back carpark with single carpark plot owners who are interested to get 2 carparks and do not mind getting front/back car park. Single carpark owner will pay RM12K to the affected front back car park owners and swap lots.

c)   *  Sell the back carpark to developer and get refund RM 12K. Developer will take over the back car park lot and can do whatever to the car park lot(Including blocking or sealing the car park lot). Developer can also rent out this lot or resell it back to the unit owners at any price in the future(based on willing buyer willing seller arrangement)

 *Option B & C need consensus and subject to approval from banks (as S&P stated units of carpark attached to condominium)

i think this is a fair resolution to the issue. For affected purchasers, you may sign in and choose your options at the below website:-

www.dpiazza.ning.com

You will be asked to select your options when you sign up. For those who have already signed up, you may edit your profile under My Page to indicate your preference. We will use this as a tool to gather the voice of the affected front back carpark owners and for use to communicate back to Developer X-Scan on our preference.

On behalf of the purchasers of D'Piazza condo with front-back carpark, i would like to thank all parties(YB Sim and MPPP-Ar Yew and Ar Danny for arranging this meeting) and Developer(X-Scan)/Henry Butcher(Butterworth) for attending this meeting.

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With this, we propose to put a closure to the issue. 

cheers,

jackie