Homelore

MK Land

In Damansara Perdana (PJU 8)

Also known as MK Land Holdings

How their buildings read

2 poor, 1 fair

Outcomes still vary building by building. Check the building, not the brochure.

What we found

A Court of Appeal decision in the Saujana Triangle v Armanee Terrace JMB litigation held that a joint management body had no lawful authority under the Strata Management Act to obstruct the developer's access through common property to complete an incomplete phase, partly allowing the developer's appeal with nominal damages.

The evidence

Delivery

Negative

  • A 2026 Court of Appeal report says Block B of Armanee Terrace was due for vacant possession in December 2014 but was only delivered to Wings A, B and C between May and August 2016, because utility works were not finished on time.

Handover

Negative

  • A 2016 Lowyat forum post from an Armanee Terrace 2 buyer says the developer delivered almost eight years late and sent the vacant possession letter to an outdated address.

Defects and workmanship

Negative

  • Residents' posts on a Lowyat forum thread about Armanee Terrace from 2012 describe MK Land workmanship as poor and its deliveries as late, though these are anecdotal resident complaints.

One more finding

  • A StarProperty review states that early quality issues after handover and construction delays on Armanee Terrace II led to negative buyer impressions, and that there were a number of complaints about construction quality by MK Land during the early years of Armanee Terrace I.

Regulatory and legal

Negative

  • The developer's subsidiary Saujana Triangle was reported as having claimed liquidated ascertained damages arising from the delayed Block B delivery, which is a developer-side claim rather than an independent finding.

2 more findings

  • A Bursa filing reported that Saujana Triangle and the IRB reached a settlement recorded at the Special Commissioners of Income Tax that cut the tax payable from RM80.77 million to RM12.16 million, payable in instalments by 15 December 2024.

  • In 2017 the Inland Revenue Board issued Saujana Triangle with additional income tax of RM55.7 million and a 45% penalty of RM25.07 million, which the company disputed and appealed.

Corporate continuity

Negative

  • A 2018 Edge report says Saujana Triangle was sued by the IRB for further additional taxes, which the company said it was challenging.

3 more findings

  • A 2025 Court of Appeal Malaysia ruling in an unrelated JMB case is not about MK Land and is excluded from this list; no separate MK Land winding-up, receivership or delisting record was found in the searches run.

  • In 2008 MK Land posted a net profit recovery after losses in the years to June 2007 and 2008, which it attributed partly to errant contractors, and it made an early bond repayment of RM60 million.

  • MK Land's 2024 Bursa-filed settlement was described by the company as not having a material financial impact, and the company continues to file quarterly results through 2026 under the same name.

Their buildings

Armanee Terrace: A view of the white facade of a residential building with rows of dark balconies, seen from a lower courtyard level with tropical plants.Armanee TerraceDamansara Perdana (PJU 8)Tandem car parking and a congested, complex entry road make daily access inconvenient for car owners.6.0FairArmanee Terrace 2Damansara Perdana (PJU 8)Perdana EmeraldDamansara Perdana (PJU 8)5.6PoorPerdana ExclusiveDamansara Perdana (PJU 8)Most residents claimed that they do not feel exclusivity.4.8Poor