Amber Court


Amber Court Villa D'Genting Resort is an apartment complex in Genting Highlands, Pahang, Malaysia. It contains two 23-storey apartment towers including three levels of car parks and two levels of retail podiums. The estimated height is 92 m. The 741 apartments are partially used for timeshare and homestay.

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 Sdn Bhd the new Disney-like SamaWorld theme park in the Genting Highlands.

Planning

In 1990 Giant Bay acquired the bankrupt company Techlines Corp Sdn Bhd that owned the land surrounding SamaWorld. Techlines was renamed Giant Bay Sdn Bhd. Giant Bay's Hong Kong entity Giant Bay Capital Ltd. owned Giant Bay . Giant Bay under president Richard J. Leibel was responsible for the residential and commercial development around SamaWorld. Planned were resort apartments, hilltop condominiums, bungalows, and a hotel on an site. The estimated total development cost was 500 million Malaysian Ringgit. The apartment project of Giant Bay Development Sdn Bhd was called Samaworld Parkview And Hillview Resort Apartments or just Resort Apartments, and was later called 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 with hotel-service to generate income for investors. In 1991 the freehold apartments were marketed under the slogan "Cool Investment - Hot Returns".

Financing

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 but negotiations of a loan extension with Malaysia’s central bank failed. To secure funds for the project Giant Bay Capital had to sell 51% of Giant Bay to the Malaysian company Campoc Realty Sdn Bhd. As a majority Malaysian-owned company it had unrestricted borrowing powers. Giant Bay changed the name to Villa Genting Sdn Bhd and Giant Bay Development was called Villa Genting Development Sdn Bhd. The whole development was called Villa D'Genting Resort. In 1993 Giant Bay Resources sold the remaining 49% shares.

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. The main construction started around 1994 and Amber Court opened around 1996. The architect was Gerak Reka Akitek Sdn 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. Purchasers of apartments were mainly Malaysian and Singaporean investors and companies like Berjaya, WTK Holdings, and KFC Holdings. Leisure Holidays bought 36 apartments for their timeshare concept. The fully furnished rooms were used as serviced apartments for tourists and residential apartments. A variety of recreation and conferencing facilities such as a sauna, gymnasium, indoor games room, conference halls, banquet halls, and a restaurant were offered, and a free shuttle service to Genting Bus Terminal was provided. The site was managed by VG Resort Management Sdn Bhd.

Struggle after the financial crisis

The project got into trouble because of the Asian financial crisis in 1997, and Villa Genting Development went into liquidation in 2000. Amber Court Liaison Committee, 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. This resulted in a neglected and abandoned appearance which inspired peoples' imagination and led to many ghost stories.
In 2012 Amber Court was partially renovated. 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 Highlands, owners rented out their units to companies which accommodated foreign workers in Amber Court. The remote location, illegal activities, security issues, rooftop/pipe leaks, and difficulties in water supply contributed to the decline of Amber Court. With the Strata Management Act of 2013 Amber Court Management Corporation was formed.
The building is undergoing renovation work and bears a new grey paint scheme. About RM1.4 million were spent as of June 2022.

Billion Court

Villa Genting Properties Sdn Bhd developed the Billion Court Resort Condominium next to Amber Court. The project was presented to purchasers in March 1996 at the Shangri-La Hotel Kuala Lumpur. Construction of the project consisting of three 26-storey blocks, two 9-storey blocks, and a 6-storey car park started. The project cost was around 100 million Malaysian Ringgit. The architect was ADC Akitek Sdn Bhd and engineer was Meinhardt Sdn Bhd. During construction, Villa Genting Properties got into a legal dispute with the construction company Muhibbah Engineering Bhd. 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. 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.

Notable facts

  • Giant Bay was formerly a mining company specialist in bioleaching. Giant Bay and the Giant Bay Investment Fund was involved in the Canadian [Immigrant Investor Program] scandal where money of the immigrant investment fund ICC was missing. Affected were Taiwanese and Hong Kong immigrants which obtained their visa by investing in the immigrant fund. The court concluded that the money for the business deal in Malaysia was borrowed and repaid legitimately and Mr. Leibel was cleared of all charges.
  • The earthworks for Villa Genting were carried out by the same company as for the KLCC, Saracorp Sdn Bhd.
  • As of April 2022, several apartments are left unclaimed while others belonged to private owners.

    Trivia

  • Amber Court was used as a location for the 2017 horror movie Haunted Hotel.
  • The German TV series Galileo made a documentary about Amber Court in 2020.