Amber Court

Last updated
Amber Court
Amber Court.jpg
Amber Court
Record height
Tallest in Pahang from 1996 to 2001 [I]
Preceded by Teruntum Complex
Surpassed by First World Hotel
General information
Coordinates 3°25′50″N101°47′20″E / 3.430597°N 101.788894°E / 3.430597; 101.788894
Elevation5,600 feet
Opened1996
Height92.08 m
Technical details
Floor count23
Lifts/elevators6 (originally by Schindler)
Design and construction
Architect(s)Gerak Reka Akitek Sdn
DeveloperVilla Genting Development Sdn Bhd
Main contractorTeknik Cekap Sdn Bhd

Amber Court Villa D'Genting Resort is an apartment complex in Genting Highlands, Pahang, Malaysia. It contains two 23-storey apartment towers (Parkview with Block A, B, C and Hillview with Block D, E, F) including three levels of car parks and two levels of retail podiums. The estimated height is 92 m. [1] The 741 apartments are partially used for timeshare and homestay.

Contents

History

Amber Court is a resort-apartment venture built in Malaysia’s tiger-economy period of the 1990s. The Canadian mining company Giant Bay Resources Ltd. developed together with Samaworld (Malaysia) Sdn Bhd the new Disney-like [2] SamaWorld theme park in the Genting Highlands. [3] [4]

Planning

In 1990 Giant Bay acquired the bankrupt company Techlines Corp Sdn Bhd that owned the land surrounding SamaWorld. [5] [6] Techlines was renamed Giant Bay (Malaysia) Sdn Bhd. [7] Giant Bay's Hong Kong entity Giant Bay Capital (HK) Ltd. owned Giant Bay (Malaysia). Giant Bay (Malaysia) under president Richard J. Leibel [8] was responsible for the residential and commercial development around SamaWorld. [9] Planned were resort apartments, hilltop condominiums, bungalows (Regency Village, Asian Village, International Village), and a hotel [10] on an 80-hectare (200-acre) site. The estimated total development cost was 500 million Malaysian Ringgit (ca. 188,13 million US-Dollar). The apartment project of Giant Bay Development Sdn Bhd was called Samaworld Parkview And Hillview Resort Apartments or just Resort Apartments [11] and later Amber Court. Sometimes it is listed as Parkview and Hillview Apartments. Cost of the project was 70 million Ringgit. Planned were 688 individually owned apartments of various sizes (number later increased) with hotel-service to generate income for investors. [12] In 1991 the freehold apartments were marketed under the slogan "Cool Investment - Hot Returns". [13]

Financing

Citibank N.A. (M) [14] and Scotiabank partly financed the project. Non-Malaysian companies were required permission to carry large loans. Giant Bay negotiated a deal to carry a Citibank loan of 27 million Ringgit (ca. 10 million Dollar) [15] but negotiations of a loan extension with Malaysia’s central bank failed. To secure funds for the project Giant Bay Capital (HK) had to sell 51% of Giant Bay (Malaysia) to the Malaysian company Campoc Realty Sdn Bhd. [16] As a majority Malaysian-owned company it had unrestricted borrowing powers. [17] [18] Giant Bay (Malaysia) changed the name to Villa Genting Sdn Bhd and Giant Bay Development was called Villa Genting Development Sdn Bhd (VGD). The whole development was called Villa D'Genting Resort. In 1993 Giant Bay Resources sold the remaining 49% shares. [19]

Construction and early years

Infrastructure work began in October 1990. Giant Bay completed the road construction. Land Clearing work for the Resort Apartments began in February 1991. According to PR Newswire, the construction of the apartment platform was completed in 1991. [20] The main construction started around 1994 [21] and Amber Court opened around 1996. The architect was Gerak Reka Akitek Sdn [22] and the consulting engineer was Angkasa Jurutera Perunding Sdn Bhd. Villa Genting Development got into a legal dispute with the construction company Teknik Cekap Sdn Bhd. [23] Purchasers of apartments were mainly Malaysian and Singaporean investors and companies like Berjaya (held 30% interest in Villa Genting Sdn Bhd), WTK Holdings (formerly Samanda Holdings), and KFC Holdings (Malaysia). Leisure Holidays bought 36 apartments for their timeshare concept. [24] The fully furnished rooms were used as serviced apartments for tourists and residential apartments. A variety of recreation and conferencing facilities such as sauna, gymnasium, indoor games room, conference halls (Cassa, Victoria, Jasmin and Camilla rooms), banquet halls, and a restaurant (Paloma Garden Cafe) was offered, and free shuttle service to Genting Bus Terminal was provided. Management was by VG (Villa Genting) Resort Management Sdn Bhd. [25]

Struggle after the financial crisis

The project got into trouble because of the Asian financial crisis 1997, and Villa Genting Development went into liquidation in 2000. Amber Court Liaison Committee (ACLC), consisting of Amber court owners, was formed for administration. Due to the financial crisis, some owners could not pay for service and maintenance which made the place difficult to manage. The wet and foggy climate in Genting Highlands promoted the growth of red-colored algae or mold on the facade. The resulting neglected and abandoned appearance inspired peoples' imagination and led to many ghost stories. [26]

In 2012 Amber Court was partly renovated. [27] This included outdoor and indoor repairs and the building was completely repainted. Shortly afterwards, Amber Court started to deteriorate again. Because of new development projects in Genting Highland, owners rented out their units to companies which accommodate foreign workers in Amber Court. [28] The remote location, illegal activities, security issues, rooftop/pipe leaking, and difficulties in water supply contributed to the decline of Amber Court. With the Strata Management Act of 2013 Amber Court Management Corporation (ACMC) was formed. [29]

The building is undergoing renovation work and has a new grey paint scheme. About RM1.4 million were spent as of June 2022. [30]

Billion Court

Road leading to Amber Court and Ion Delemen in 2016. The number on the mechanical penthouse is the old resort phone number. Genting Trip (30978915893).jpg
Road leading to Amber Court and Ion Delemen in 2016. The number on the mechanical penthouse is the old resort phone number.

Villa Genting Properties Sdn Bhd (VGP) (also a subsidiary of Villa Genting Berhad) developed the Billion Court Resort Condominium (Hilltop Condominiums) next to Amber Court. [31] The project was presented to purchasers in March 1996 at the Shangri-La Hotel Kuala Lumpur. Construction of the project consisting of three (initial four) 26-storey blocks, two 9-storey blocks, and a 6-storey car park started. The project cost was around 100 million Malaysian Ringgit (ca. 37 million US-Dollar). Architect was ADC Akitek Sdn Bhd and engineer was Meinhardt (Malaysia) Sdn Bhd. [32] During construction, Villa Genting Properties got into a legal dispute with the construction company Muhibbah Engineering (M) Bhd. [33] Billion Court could not be finished because of the Asian Financial Crisis, and Villa Genting Properties was included in the Malaysian blacklist for developers involved in abandoned projects. [34] In 2012, the NCT Group took over the project that was inactive since 2002, and developed the site with the Ion Delemen high-rise complex. [35]

Notable facts

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References

  1. ↑ "Genting | Statistics | EMPORIS". Archived from the original on February 29, 2020.{{cite web}}: CS1 maint: unfit URL (link)
  2. ↑ Shuang, Cheng Lee (20 February 1990). "$1b "Disneyland" to come up in Genting Highlands". New Straits Times.
  3. ↑ "Canadian group in Malaysia venture". Financial Times. 21 February 1990. p. 23.
  4. ↑ "Canada involved in Malaysian plan". Nanaimo Daily. 20 Feb 1990. p. 8.
  5. ↑ "Giant in Malaysia". The Financial Post. 20 Feb 1990. p. 15.
  6. ↑ "Giant Bay plans hotel resort". The Financial Post. 20 Nov 1989. p. 5.
  7. ↑ Ford, Ashley (4 Sep 1991). "Giant Bay strikes golden soil". The Province. p. 33.
  8. ↑ "Developer: Prices in Malaysia reasonable". New Straits Times - Google News Archivsuche. 16 August 1991. Retrieved 2021-04-12.
  9. ↑ Nutt, Rodney (16 March 1990). "Pacific watch". The Vancouver Sun. p. C6.
  10. ↑ "Canadian firm helps develop Malaysian park". The Ottawa Citizen. 21 Feb 1990. p. D14.
  11. ↑ "Condo-living fast catching up". New Straits Times - Google News Archivsuche. 16 August 1991. Retrieved 2021-04-12.
  12. ↑ "Big Plans for Genting Highlands". New Straits Times - Google News Archivsuche. 16 August 1991. Retrieved 2021-04-12.
  13. ↑ "Cool Investment - Hot Returns". New Straits Times - Google News Archivsuche. 16 August 1991. Retrieved 2021-04-12.
  14. ↑ "Malaysian park planned". Whitehorse Daily Star. 21 February 1990. p. 20.
  15. ↑ "Giant Bay guarantees loan". The Financial Post. 9 Jul 1990. p. 13.
  16. ↑ "On Feb.26, 1991, Giant Bay Capital (H.K.) Ltd. sold 51% of the issued shares of Giant Bay (Malaysia)". Mergent International Manual. 1: Page 2. 2001.
  17. ↑ "Refinance or sell". National Post. 7 Feb 1991. p. 15.
  18. ↑ "Giant sells stake". The Financial Post. 8 Mar 1991. p. 12.
  19. ↑ Schwennesen, Don (22 Sep 1993). "Montanore firm plans merger". The Missoulian. p. B4.
  20. ↑ "The directors of Giant Bay Resources Limited". Section: Financial News, Newswire Association, Inc. 29 August 1991.
  21. ↑ Abdullah, Ashraf (27 June 1994). "Government puts the brakes on over-development in Genting". New Straits Times.
  22. ↑ Architects of Asia. Images Australia Pty Ltd, Australia. 1993. p. 65. ISBN   1875498125.
  23. ↑ Ishak, Abdul Malik (2000-06-24). "Teknik Cekap Sdn Bhd vs. Villa Genting Development Sdn Bhd" (PDF).
  24. ↑ "RM500m resort project to come up in Genting". New Straits Times - Google News Archivsuche. 4 March 1994. Retrieved 2021-04-12.
  25. ↑ "VG Resort Management Sdn Bhd". Archived from the original on 2001-06-19.
  26. ↑ Mas Mohd Khalik, Faizah. "14 Haunted Places In Malaysia & The Horrors You'll Experience When You Visit Them". The Smart Local Malaysia.
  27. ↑ "5th Amber Court JMB AGM meeting Sept 22 2012". 26 September 2012.
  28. ↑ BERNAMA. "Genting Highlands Amber Court management taken to task over state of neglect". Astro Awani.
  29. ↑ "Leisure Holidays BHC" (PDF).
  30. ↑ CAMOENS, AUSTIN (23 Jun 2022). "Enough with the 'ghost' rumours". The Star.
  31. ↑ "Billion Court Resort Condominium". New Straits Times - Google News Archivsuche. 3 March 1996. p. 7.
  32. ↑ "G&P STRUCTURES SDN. BHD" (PDF).
  33. ↑ "MUHIBBAH ENGINEERING (M) BHD".
  34. ↑ "Check this list of blacklisted property developers before buying a new launch property in Malaysia | Malaysian Institute of Estate Agents".
  35. ↑ Khoo, Ethel. "NCT Group to officially launch Grand Ion Majestic this month". The Edge Malaysia.
  36. ↑ "Big switch for Giant Bay". The Financial Post. 26 Mar 1990. p. 26.
  37. ↑ Hoffman, Donella (16 Dec 1995). "$7.5 million missing: RCMP". The Star-Phoenix. p. 3.
  38. ↑ "FUND: Richmond investor 'very much disappointed' with program". The Vancouver Sun. 11 Jun 1994. p. A16.
  39. ↑ "Leibel: Judge thanks jury for work on complex case". Star-Phoenix. 14 Apr 2001. p. A8.
  40. ↑ "CIVIL WORKS". SARACORP SDN BHD.
  41. ↑ Descalsota, Marielle. "I spent a night alone in one of Malaysia's top dark-tourism destinations, a 'haunted' hotel on a remote hilltop. I found bloodstains and padlocked doors — but no ghosts". Insider. Retrieved 2022-08-04.
  42. ↑ "'Haunted Hotel' raises spectre of a night's stay at Genting's Amber Court". Malay Mail. 12 Oct 2017.
  43. ↑ "Galileo - Ruine oder Herberge? Übernachten im Geister-Hotel in Malaysia". 30 June 2020.

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