Sunday, November 28

RM120 million to revive 1Sulaman Platinum Tower project

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Shafie (fourth from right) during the ground-breaking ceremony. Also in the picture are Azis (fifth from right), Junz (second from right), George (right), Jimmy (left) and Safar (second from left).

KOTA KINABALU: The abandoned 1Sulaman Platinum Tower will be revived, said Chief Minister Datuk Seri Panglima Mohd Shafie Apdal.

He said that RM120 million will be used by the developer of the project, Fasa Harmoni Sdn Bhd, along with the liquidator of the project to carry out rectification works on the project stalled since 2016.

He cited that the initiative to cooperate is the best remedy to resolve the problems faced by the buyers of the project.

“The effort can help develop the property sector in Sabah,” he said, while hoping that the developer will employ workers residing at the Sepanggar area to carry out the remaining jobs.

“I also hoped similar ventures would be employed at other abandoned projects within Sabah, such as Sandakan and Tawau.”

He said this to reporters during the ground breaking ceremony of the 1Sulaman Platinum Tower here yesterday.

Shafie said abandoned project does occur when the developer faces financial issues and is unable to complete to work.

He said the Local Government and Housing Ministry has taken a positive step that would salvage the project and implement it.

Also present during the ground-breaking ceremony were Agriculture and Food Industry Minister Datuk Junz Wong, State Secretary Datuk Safar Untong, Assistant Minister to the Chief Minister Datuk Jimmy Wong, Sepanggar member of parliament Datuk Azis Jamman and Assistant Local Government and Housing Minister George Hiew.