Friday, May 9, 2008

Status on Rhythm Avenue

This is the latest news from PricewaterhouseCoopers to participating purchasers of Rhythm Avenue:

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.

Please call Mr Su Cheong Pah or Ms Michelle Low at 03-2173 1292 or 03-2173 1372 if you have any enquiries.