Kota Kinabalu: The State Government has issued a soft loan of about RM10 million figure for Sabah Urban Development Corporation (SUDC) to resolve arrears of 252 serviced unit owners at Ming Garden Residence here.
Sabah Association of Tour and Travel Agents (Satta) President, Datuk Seri Winston Liaw, said the State Ministry of Finance Permanent Secretary assured him that Chief Minister Datuk Seri Haji Hajiji Noor has approved the loan.
A mandatory rental agreement was signed between tenants and SUDC guaranteeing returns over a nine-year tenure for the serviced apartments but it came to a complete halt in January 2020.
