Why Aren't Other House Owners in Vistana Heights Complaining?
In my recent post about the retaining wall requirements at Vistana Heights, LINK, a friend messaged me on WhatsApp with this observation:
Not enough complaints from your Taman. I think many are happy because they bought it at 1.7 mill and the current value is at 2.7 mill. They gain 1 mill.
I'm not sure where the 2.7 million figure comes from, but based on recent online listings and past transaction data, it likely falls in the RM2.3 million to RM2.6 million range. A recent listing was for RM2.3 million, while a past median transaction price was RM2.34 million. Some listings show higher asking prices, such as RM2.38 million.
I replied to him with this pointed question, which he hasn't answered yet:
What happens if the land collapses, as it did for the first and last houses and all other houses in-between? The property value would plummet to zero. Everyone should be joining me to demand the retaining wall be built.
Had the retaining wall behind the houses been constructed, along with the driveway as outlined in the original development plan, my son could have easily rented out the house instead of putting it up for sale.
Key Background on the Collapse and Changes:
All the land behind Lots S1 to S18 has collapsed. Per the original 1995 development plan, each house in the first row was allocated 100 feet of length. Following the collapses: Lots S1 & S2, and S17 & S18 were repurposed into 3-story detached houses.
The lengths for Lots S3 to S8 were shortened by more than 6 feet each.
Yet, the 2018 approved plan inexplicably retained the full 100-foot lengths from the 1995 submission for all first-row houses. This oversight puts every owner at risk. Complacency over short-term gains ignores the long-term catastrophe waiting to happen.
Who's with me in pushing for that essential retaining wall?
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