Prokhas Property Tender 2/2010 From July 5 to 5pm, August 4, 2010

Dear Readers,

(Update, 16.7.2010): The original posting below must be read with this announcement from Prokhas: That DEV-P4004 and AGRI-9003 have been WITHDRAWN from the original tender list of Prokhas SSE 2/2010. A letter from Prokhas dated 13.7.2010 to that effect has been received this morning. We apologise for any inconvenience caused. Those who have bought their tender packages can apply for refund from the Prokhas' agents or Prokhas (whichever is the party you bought the tender package(s) from). Kindly be informed accordingly. Well, there are still 50 great properties to consider! Read on...
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(Petaling Jaya: 29.6.2010): Prokhas will be having a nation-wide property tender known as Prokhas SSE 2 of 2010 from July 5 to 5pm, August 4, 2010. This was announced yesterday in a full-page advert in The Star as well as in a letter dated 28.6.2010 faxed and sent to me/my agency - a Danaharta Panel Real Estate Agent.

Among the highlights in the advert:
1) DEV-CI01: Located in Johor about 15 km north of Iskandar, this 18.28-acre freehold land's minimum tender price has been lowered by a whopping 46% to RM8.1 million from RM15 million set in the earlier tender exercise in April/May 2010. It comprises 4 parcels development land approved for commercial use. At RM8.1 million, it reflects only RM10psf;

2) DEV-P4003: Located at Semenyih, Selangor, this is a parcel of mixed development land of 501.5 acres (an abandoned project). At RM38,400,000, its minimum price reflects RM1.75psf or RM76,750 per acre. Developers in the vicinity should consider this piece;

3) DEV-P4004: Located only 6 km north of Johor Bahru, this parcel of 4.8 acres of vacant commercial land is offered for sale by tender at a minimum price of only RM16,880,000 which reflects RM81psf for a land so near to Iskandar and Singapore!

4) DEV-P4001: Located in Section 27 Shah Alam's Taman Bunga Negara, this is a vacant commercial land of 37,382 sf with a minimum tender price of RM2,080,000 (RM56psf) only. If you think it's too small, don't despair, there is another bigger piece of 6.2 acres in the same location - please see DEV-P4005 below;

5) DEV-P4005: Located also in Section 27 Shah Alam's Taman Bunga Negara, this vacant commercial land of 270,101 sf (6.2 acres) carries a minimum tender price of RM10,960,000 (RM41 psf) only.

6) DEV-0102: (30.6.2010, update) Located at Rachado Bay Resort, Port Dickson, Negeri Sembilan, at the 8.75 mile post of Jalan Pantai, about 14 km south of Port Dickson town. It's minimum tender price of RM5,292,000 is also a whopping 46% lower than the price of RM9.8 million set in the earlier Prokhas tender exercise in April/May 2010. It has a land area of 4.94 acres freehold. Just google "DEV-0102" and you will find a lot of information about this land that will certainly make you want to go in to tender for the land - what more if you can persuade the state government to change what has been approved for the land into a development of high-end beach resort homes both for the local and foreign market? There is still ample time for your due diligence.

Anyway, details on each of the properties including the original Tender Form which must be used, etc. are in the tender packages (RM100/property/pack) which is available from July 5th, 2010 until Aug. 4, 2010. Call early (h/p no.: 012-288 6993) to order your tender package. Please read here. for the New Straits Times report on this upcoming tender exercise

Regards,
Douglas, Tan Gee Tick (E 1579)
Principal/Proprietor

GT Realty [E (3) 0698)]
22-B (2nd. Floor), Jalan 19/36,
46300 Petaling Jaya,
Selangor.

Tel: 03-7958 8821 / 012-288 6993
Fax: 03-7958 7821
Email: tanhalim1@yahoo.co.uk