1 Sulaman builder told to wind up, Sabah govt steps in

  • Nation
  • Thursday, 23 Jun 2016

KOTA KINABALU: The state government is set to intervene in one of Sabah’s biggest condominium projects, the 1 Sulaman, after the High Court ordered its developer to be wound up.

State Local Government and Housing Minister Datuk Hajiji Noor said the winding-up order against Sagajuta (Sabah) Sdn Bhd had paved the way for his ministry to step in for the 1 Sulaman project that was long overdue for completion.

“We will have to decide on our next course of action.

“This includes declaring the project abandoned and appointing a new developer to take over,” he said yesterday.

His ministry’s officers, he added, had held meetings on several occasions over two years with more than 200 buyers of the 1 Sulaman project after the pace of its construction slowed down.

Construction of the 1 Sulaman, located about 12km north of the downtown area here, began in 2009 and was due to be completed three years later.

The completion was then rescheduled to 2015 but the project remains unfinished.

The project, which features nearly 2,000 condominium units in two towers, includes amenities such as shop lots, a water theme park and more.

On Tuesday, High Court judge Justice Datuk Douglas Sikayun granted the Inland Revenue Board’s application to wind up Sagajuta over the company’s failure to settle its tax arrears totalling over RM8.5mil.

Sagajuta was also the developer of the nearby 1 Borneo shopping mall and the Warisan Square commercial area downtown here.