THE RITZ CORPORATE SUITES & RESIDENCES | Kuala Lumpur ( Jalan Sultan Ismail ) | 2X 47F | U/C

[rizalhakim]

more on berjaya

Berjaya had no cause of action against KTMB
Published: 2009/08/27





THE Federal Court today affirmed the Court of Appeal's ruling that Berjaya Development Sdn Bhd had no cause of action against Keretapi Tanah Melayu Bhd (KTMB) for breach of contract over leasing agreement of a 3.26 acre plot in Sentul, which was considered the oldest football field in the country.

Chief Judge of Sabah and Sarawak Tan Sri Richard Malanjum, who sat with Federal Court judges Datuk Hashim Yusof and Datuk James Foong, unanimously dismissed Berjaya Development's application for leave to appeal against the Sept 19, 2007, decision.

Malanjum also ordered the company to pay KTMB costs of RM10,000.
Berjaya Development filed the suit against KTMB as first defendant and Railway Assets Corporation (RAC) as second defendant on 1994 for breach of contract over leasing agreement of the land, seeking specific performance or alternative damages of RM3.5 million, claiming that the action to terminate the lease agreement had caused the company to lose a lucrative business opportunity.

Among others, the agreed terms are that Berjaya Development was required to build a shopping complex, a health and commercial centre in phases which involved a budget of not less than RM3.5 million, on the said land.

On April 23, 1982, a lease agreement under seal was entered into between Berjaya Development and the General Manager of the Malayan Railway for and on behalf of the Federal Lands Commissioner in respect of a railway reserve.

The lease was for 30 years with an option to renew for a further period of 30 years at an agreed rental.

However, two years later, on Dec 12, the lease was terminated by the Malayan Railway Administration purportedly under a government directive and after that, there were negotiations between the parties to grant Berjaya Development a lease on short term which did not materialise.

On Sept 11, 1997, the High Court dismissed with costs Berjaya Development''s appeal against the decision of senior assistant registrar (SAR) who struck out the company''s suit against KTMB and RAC.

However, the Court of Appeal ruled that RAC was the right party to be sued and the case was sent back to the High Court for trial.

Today Berjaya Development's counsel, M.Manoharan, in arguing for leave to appeal, said KTMB was the successor company to Malayan Railway and was the rightful party to be sued.

He said that the suit was not a plain and obvious case as it involved reserve land and the High Court was wrong when it strike out the suit.

KTMB's counsel, K.Kumar, replied that the agreement was made between Berjaya Development and Malayan Railway and KTMB was not the party to be sued. - Bernama

[szehoong]

Can you pls post something relevant to the topic at hand? If not I would start deleting your posts without prior warning.

[patchay]

how i wish this will start asap............ twin block of almost 50 will definitely make this area lively.....

PS: someone mentioned that this project will only start when Lingam case is done (due to involvement of tan sri tan). Dato Nazri today said Lingam is not guilty. Can we expect this project to start soon?

[rizalhakim]

so the boss Vincent Tan is the new owner for Friendster.com huh

[patchay]

Originally Posted by rizalhakim

so the boss Vincent Tan is the new owner for Friendster.com huh

yahh haha...

[nazrey]

From flickr

image hosted on flickr

[dengilo]

I simply cannot think of any of vincents project that went on without a glitch u guys remember berjaya times sq its amazing that they finished it all!

[patchay]

Originally Posted by dengilo

I simply cannot think of any of vincents project that went on without a glitch u guys remember berjaya times sq its amazing that they finished it all!

berjaya's projects in bukit jalil quite good and fast.....

[patchay]

Berjaya Corporation Bhd Annual Report 2009

Projects Coming On-Stream

Through its wholly-owned subsidiary, Wangsa Tegap Sdn
Bhd, the Group entered into several agreements with The
Ritz-Carlton Hotel Company L.L.C., a leading luxury lifestyle
company, in January 2009 for the development of a 300-unit,
luxury, residential, condominium property to be marketed and
operated as “The Ritz-Carlton Residences, Kuala Lumpur,
Jalan Sultan Ismail”.

This is a high-end freehold property which comprises two 48-
storey towers with a total of 300 luxury residential units that
will reflect the elegance and luxury that characterize “The Ritz-
Carlton” brand name.





There will be 4 types of typical units available in sizes of
2,906, 3,251, 3,412 and 4,295 sq. ft. with each floor having
only 4 units. To add to its exclusivity, each of the 300 units will
have 2 personal lifts providing residents total privacy. The two
identical high rise towers will house 150 residential units each
while the podium and basement floors will contain the car
park, gymnasium, swimming pool, residents’ lounge and other
supporting facilities.


Meanwhile, Berjaya is really planning huge cities all over Vietnam and South Korea. And they are currently building The Great Mall of China which will host Asia's largest indoor theme park, two ice-skating rinks, 108-lane bowling centre and 13,000 capacity exhibition hall.......

I think they have forgotten Malaysia.

[SHAH FIRDAUS]

aiseh..when will they build it?...it's been delayed too long....

[cullen]

Originally Posted by patchay

Meanwhile, Berjaya is really planning huge cities all over Vietnam and South Korea. And they are currently building The Great Mall of China which will host Asia's largest indoor theme park, two ice-skating rinks, 108-lane bowling centre and 13,000 capacity exhibition hall.......

I think they have forgotten Malaysia.

they have not only forgotten Malaysia but the Vietnam's project still not moving after 2 years they've been talking about....

they are busy thinking on how to get malaysians consume their Krispe Kreme as much as possible and how they could attract more people to show off their laptops at Starbucks..

[SHAH FIRDAUS]

looks like a cemetery at night

[cullen]

Originally Posted by SHAH FIRDAUS

looks like a cemetery at night

nope. it looks like a ruin of roman empire...

[SHAH FIRDAUS]

[SHAH FIRDAUS]

such a waste of prime land....

[dengilo]

Thanks for nothing vincent tan!!!!!!

[choon]

Originally Posted by dengilo

Thanks for nothing vincent tan!!!!!!

He did the same thing to Ho Chi Minh City as Well..Malaysia boleh!

[THT-United]

Vincent Tan = Very Teruk... No wonder he is better known as F&B king (Starbucks, Krispy Kreme, McD), all his property projects gulung tikar 1!

[D_Y2k.2^]

Saw some people on site today. Not sure what's going on:

[Victor18]

Hmmm,we will never know if they are there to do inspections before conducting construction,i will bang my head on the desk if this project start cause Da Vinci is among the most worst real estate developer out there,most of his projects tak jadi...