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1Sulaman

1Sulaman
General information
StatusAbandoned
LocationSabah
AddressNo. 1, Sulaman Road, 88400
Town or cityKota Kinabalu
CountryMalaysia
Coordinates6°2′47″N 116°8′52″E / 6.04639°N 116.14778°E / 6.04639; 116.14778
Construction started2009
Construction stopped2016
Estimated completion2012
CostMYR160 million
OwnerSagajuta Sabah Sdn Bhd

1Sulaman is a mixed development project comprising condominium, water theme park, recreational landscape park and serviced suites. The project is developed by Sagajuta Sabah Sdn Bhd, and predicted to be completed in 2015.[1] However, due to several issues, the building remained unfinished until 2016, leading to the developer being sued by property lots buyers as well as from the Malaysian Inland Revenue Board.[2] On 24 November 2016, the project was officially declared abandoned by the Ministry of Local Government.[3]

Lawsuit

On 21 June 2016, the Malaysian Inland Revenue Board sued the developer over its failure to settle its tax arrears totalling over RM8.5 million. The Sabah state government also have since declared the project as abandoned and appointed a new developer to finish the project.[4][5] The project was subsequently undertaken by UHY Advisory (KL) Sdn Bhd on 15 January 2018 as stated in the website of Sabah Ministry of Local Government and Housing,[6] although further rescue proposed scheme by court requesting the buyers to paid an additional RM130 per square foot to Excel Glamour Housing Sdn Bhd to complete the final 20% of the project has drawn objections since the firm was appointed without any open tender as well the way the company seems to be profiting from the problem.[7]

References

  1. ^ "1 Sulaman, Kota Kinabalu". PropWall.my. Retrieved 26 September 2016.
  2. ^ "Lawsuit looms for incomplete 1Sulaman". Daily Express. 13 July 2015. Retrieved 26 September 2016.
  3. ^ "1Sulaman Finally Declared Abandoned". Property Hunter. 8 December 2016. Retrieved 28 January 2019.
  4. ^ "1 Sulaman builder told to wind up, Sabah govt steps in". The Star. 23 June 2016. Retrieved 26 September 2016.
  5. ^ Michael Teh (24 June 2016). "Liew committed to help 1Sulaman Condominium's purchasers". New Sabah Times. Archived from the original on 26 September 2016. Retrieved 26 September 2016.
  6. ^ "Projek Perumahan Terbengkalai" [Abandoned Housing Project] (in Malay). Ministry of Local Government and Housing, Government of Sabah. Retrieved 2 July 2019.
  7. ^ David Thien (2 July 2019). "1Sulaman rescue plan deferred". Daily Express. Retrieved 2 July 2019.