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CapitaLand Malaysia Mall Trust
Annual Report 2015
Overview
Sustainability
Business
Review
Portfolio
Details
Corporate
Governance &
Transparency
Sungei Wang Plaza – Title Particulars
Title
205 parcels, each with individual strata title
1
, in the building
erected on land held under master title GRN 11043, Lot 1197
Seksyen 67, Bandar Kuala Lumpur, Daerah Kuala Lumpur,
Negeri Wilayah Persekutuan Kuala Lumpur
2
.
Tenure
Freehold
Restrictions-in-Interest
Nil
Express Conditions
The land must be used for commercial building only.
Development on the land must comply with the development
order issued by the Datuk Bandar, Kuala Lumpur.
Encumbrances
There is a lease of part of the land to Tenaga Nasional
Berhad registered on 31 December 1993 vide presentation
no. 21493/1993 for a period of 30 years commencing from
15 March 1993 to 14 March 2023
3
.
Endorsements
4
Easements between Sungei Wang Plaza and Bukit Bintang
Plaza vide presentation nos. 15174/2001 and 15175/2001
pursuant to two easement agreements made between the
owner of Bukit Bintang Plaza, UDA Holdings Berhad (UDA)
and the developer of Sungei Wang Plaza, Sungei Wang Plaza
Sdn. Bhd. (SWPSB). These easements relate to two easement
agreements between UDA and SWPSB whereby UDA
agreed to grant to SWPSB a right of way from the entrance
of Basement 1 and over the ramps of Bukit Bintang Plaza to
access Levels 4 and 5 of Sungei Wang Plaza (which form part
of CMMT’s interest in Sungei Wang Plaza) and SWPSB in turn
agreed to grant to UDA the right of way over part of Basement
2 of Sungei Wang Plaza
5
.
Revision on quit rent registered on 1 September 2005 vide
presentation no. 8100/2005.
Registration of Sungei Wang Plaza Management Corporation
(SWPMC) on 21 November 2008 vide presentation
no. 1183/2008.
1
The strata title held under Geran 11043/M1/3/312 is subject to a lease registered in favour of Premier Honour Sdn. Bhd. on 26 March 2012 vide
presentation no. 9564/2012. The said lease is for a period of 30 years starting from 31 August 2008 to 30 August 2038.
2
The total share units allocated to the 205 strata titles owned by CMMT represent approximately 62.8% of the voting rights in SWPMC.
3
This lease of part of the land to Tenaga Nasional Berhad is endorsed on the master title to Sungei Wang Plaza.
4
The endorsements are stated on the master title to Sungei Wang Plaza, which is registered in the name of SWPMC.
5
UDA has vide the Deed of Easement dated 8 June 2010 granted to Vast Winners Sdn. Bhd. (VWSB) easement rights over the ramps of Bukit
Bintang Plaza to access Levels 4 and 5 of Sungei Wang Plaza and part of Basement 1 and 2 of Bukit Bintang Plaza pursuant to which the
contractual rights were subsequently assigned by VWSB to AmTrustee Berhad as trustee for CMMT on 14 June 2010. Concurrently, VWSB granted
to UDA easement rights over part of Basement 1 and 2 of Sungei Wang Plaza pursuant to another Deed of Easement dated 8 June 2010 which
was then assigned also to AmTrustee Berhad as trustee for CMMT.
Financials &
Additional
Information
