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106.4ha of land near Jalan Duta must be returned to a private company

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106.4ha of land near Jalan Duta must be returned to a private company

It is important that when we acquire any real estate that everything is in order. If it’s not, then the owner may take bring a case to the courts and this can happen even years later. This was what happened with a prominent piece of land involving the government and a private company and the judgement was delivered by the High Court and the reason was because the acquisition of the said piece of land was not lawfully executed. 106.54ha is equivalent to around 263 acres. Yes, this is one super huge piece of land.

Article in nst.com.my. The government has been ordered to return some 106.54ha of land near Jalan Duta, home to several government complexes, to a private company.

This is after a High Court on Tuesday approved the liquidator’s request to transfer the land dubbed as Duta Enclave in Mukim Batu to Semantan Estate (1952) Sdn Bhd., The Edge reported.

The land is currently home to several government buildings, including the former National Hockey Stadium, the National Tennis Complex, the Institute of Islamic Understanding Malaysia, the Federal Territory Mosque, the National Archives, and the Inland Revenue Board Complex.

In 1956, the Selangor government declared that the land belonging to Semantan Estates was required for public purpose.

In 1989, Semantan Estates filed an action against the federal government for trespassing, claiming that the taking of possession of the land was unlawful and wrongful. Do read on for more details here: Article in nst.com.my.

What happens next?

The negotiations between the government and the private company has been happening for many years and I think the main issue would be the price of the piece of land. On one hand government needs to acquire the land because of the many government complexes on it while the private company definitely want a good price based on market price for the land if indeed they are selling it.

Of course the said piece of land can be redeveloped as well which meant that the potential value of the land could be even higher. Now with the court order, we will see what happens next. Perhaps a deal can be struck soon as the court said that the land must be returned to the private company within 3 months. Will keep myself updated on this interesting case.

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Charles Tan The Founder The Writer Kopiandproperty
Charles Tan

Charles is Founder of kopiandproperty.com He writes from his investment experience for the the past 20 years in investments including property, stock, unit trust and more as well as readings and conversations with many property gurus in the industry. kopiandproperty.com is an independent property blog which is not affiliated to any media company, property developer or even real estate agencies.

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