Felda will recover all land lost in shady deal, Shahrir tells Rafizi

Updated 6 years ago · Published on 24 Jan 2018 3:49PM · 6 Comments

Land for the development of Kuala Lumpur Vertical City in Jalan Semarak, Kuala Lumpur, has not been sold to the developer, says Felda, today. – The Malaysian Insight file pic, January 24, 2018.

FELDA will get back full ownership of prime land lost in a suspicious deal in 2015, said the land reform authority, refuting fresh claims it has lost the properties “forever”.

Felda chairman Shahrir Samad said the agency will get all 17 land lots that changed hands to Synergy Promenade Sdn Bhd (SPSB) two years ago.

Shahrir also refuted allegations that the land had been sold to SPSB, which is developing the Kuala Lumpur Vertical City (KLVC) project on the lots in Jalan Semarak, KL.

“Felda has obtained all the necessary legal instruments (signed board resolutions, signed and sealed Form 14As) from SPSB to effect the transfer back to Felda,” Shahrir told The Malaysian Insight in a text message.

“So although the land (lot)s are still in the name of the developer, Felda has the legal instruments to effect the transfer.

“The final transfer of the lands will be subjected to due and proper process … It is also not true that the lands have been sold to the developer.”

Yesterday, Pandan MP Rafizi Ramli had claimed that the land is “gone forever” as it has been sold to SPSB when construction of KLVC commenced. 

Rafizi claimed that since approval has been given for the construction of KLVC on the land, the owners are the developer and the buyers  the individual units that had been built  on the land.

Rafizi alleged that only a portion of the land will be returned to Felda.

The plots of land, worth RM270 million, were transferred to a private company in a dubious transaction in 2015.

Following a flurry of police reports and assurances of an investigation from the government, SPSB said last week it would return ownership of the land to Felda at no cost.

Shahrir has said that the KLVC project will go ahead but Felda will renegotiate the terms and conditions with the developer.

Today, Shahrir said there had been no sale of units in KLVC and that only the basement of the first tower is currently under construction.

Upon completion, the development will boast seven towers, including Felda’s new headquarters, KLVC Tower1A.

Shahrir said Rafizi was indeed right when he said that the buyers would be the owners of the individual units that they had purchased.

“That is a fact known to all owners who develop their land,” Shahrir said. 

But it would be imprudent of Felda to allow the developer to own the land at construction stage, before the project is complete and ready for sale, said Shahrir.  

“Should the development project encounter difficulties, or the land be charged for financing, or the company be sold, Felda’s interest will not be protected as its land has become the company’s asset,” Shahrir said. 

“That is why Felda wants to regain ownership of the land, which is usual (practice) for land owners who have entered a land development (agreement) with developers.” – January 24, 2018.

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Comments

  • Sharir who are you trying to kid?? Unless Felda is using the Government clout and placing the developer head under the guillotine and forced the change of title back to Felda. This I would not be surprised. Desperate times require desperate measure.!!!!!!!!

    Posted 6 years ago by Lee Lee · Reply

  • Ha ha ha luckily rafizi is around to do the revealeations ha ha ha

    Posted 6 years ago by Leslie Chan · Reply

  • Why is Shahrir answering questions not asked? No one is questioning, in the land of Rule by Power, UMNO can transfer anything they want. The issue is does the transfer followers the law and any monies was lost?

    Posted 6 years ago by Bigjoe Lam · Reply

  • Tak yah kelentong la shahril..

    Posted 6 years ago by Ali Along · Reply

  • Shahrir should come straight rather then tarnishing his own character. By P.A. some many act is done the last 3 years. THERE ARE SOME MANY QUESTION/ISSUE NOT ANSWERED AND IN FACT NO ANSWER COMING FORTH WITH.

    Posted 6 years ago by Mohanarajan murugeson · Reply

  • The question is how did this sale happen in the first place. It is not what Najib and hand will do to bring back the land back to FELDA. And what, who and when are you going to haul the culprits and expose hidden hands. We are not talking about misappropriation of a rush harm here. It's a multi million dollar scam at work. So Najib and gang are still taking us for a ride seems like.

    Posted 6 years ago by JD Lovrenciear · Reply