Post date: 04-Jun-2009 08:11:38
Please take note that effective July, interest charges will be imposed on unpaid amounts billed to date in 2009.
From July 1, 2009, interest charges will be imposed in accordance with By-law 9.3 of the BHCMC By-laws as adopted at the First AGM held on October 18, 2008.
The interest rate is 10 per cent per annum as approved at the EGM held on December 14, 2008.
Interest charges have not been imposed while the accounting system was being properly established, which was delayed by several changes to Management Office personnel in the last five months.
This grace period was also a gesture of goodwill to Bangsar Heights' owners for their forbearance over the last five months.
Unfortunately, collections are only 82% on average for the year to date. Stricter collection action must begin in July.
To avoid interest charges, please settle all outstanding amounts for 2009 urgently. The Management Office will be calling and issuing reminders to unit owners soon.
Thank you.
June 4, 2009