1Sulaman

Last updated
1Sulaman
1Sulaman
General information
StatusCompleted (Wismas & Platinum tower)
Location Sabah
AddressNo. 1, Sulaman Road, 88400
Town or city Kota Kinabalu
Country Malaysia
Coordinates 6°2′47″N116°8′52″E / 6.04639°N 116.14778°E / 6.04639; 116.14778
Construction started2009
Construction stopped2016 (construction revived in March, 2020)
Topped-out2021 (Platinum Tower)
Completed2022 (Platinum tower)
Cost MYR160 million
OwnerSagajuta Sabah Sdn Bhd
Website
platinumtower.my

1Sulaman is a mixed development project comprising a condominium, a water theme park, shoplots, a recreational landscape park and serviced suites. The project is divided into parcel 1 (31-storey Platinum Tower), parcel 2 (Wisma Sulaman) and parcel 3 (35-storey Gold Tower).

The project was originally developed by Sagajuta Sabah Sdn Bhd, and was 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 lot 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]

Construction of the 31-storey Platinum Tower was revived by the PH-Warisan government in March 2020. The tower was completed on 4 October 2022, except for the Gold Tower and Wisma Sulaman, which are still incomplete as of September 2024. [4]

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 has since declared the project as abandoned and appointed a new developer to finish the project. [5] [6] 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, [7] although further rescue proposed a scheme by court, requesting the buyers to pay an additional RM130 per square foot to Excel Glamour Housing Sdn Bhd for the completion of the final 20% of the project. The scheme has drawn objections since the firm was appointed without any open tender as well as the way the company seems to be profiting from the problem. [8]

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". propertyhunter.com.my. Property Hunter. 8 December 2016. Archived from the original on 29 January 2019. Retrieved 28 January 2019.
  4. ↑ Doksil, Mariah (2024-09-18). "Committee looking for 'missing buyers' of abandoned project". Borneo Post Online. Retrieved 2025-05-20.
  5. ↑ "1 Sulaman builder told to wind up, Sabah govt steps in". The Star. 23 June 2016. Retrieved 26 September 2016.
  6. ↑ Michael Teh (24 June 2016). "Liew committed to help 1Sulaman Condominium's purchasers". New Sabah Times. Archived from the original on 12 August 2018. Retrieved 26 September 2016.
  7. ↑ "Projek Perumahan Terbengkalai" [Abandoned Housing Project] (in Malay). Ministry of Local Government and Housing, Government of Sabah. Archived from the original on 2 July 2019. Retrieved 2 July 2019.
  8. ↑ David Thien (2 July 2019). "1Sulaman rescue plan deferred". Daily Express. Retrieved 2 July 2019.


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