DEV-P4003: 501.5-Acre of Mixed Development Land at Semenyih Selangor For Sale at RM1.75psf Only

Dear Investors, (Updated, 4/8/2010): Kindly be informed that this DEV-P4003 (& IND-P4112) have also been WITHDRAWN from the current tender exercise closing 5pm, today. A letter from Prokhas dated 2/8/2010 has been received by fax this morning in which it is also stated that refund for those who had purchase tender packages for the properties will be effected in due course. Once the refund is received, GT Realty will refund the same to the interested party who/which has bought the tender package through GT Realty. Sincere apology for any inconvenience caused.

View DEV-P4003 in a larger map


This is a 501.5-acre freehold mixed development land with its Phase 1 development (102.54 acres) abandoned. You may view it with Google satellite / map / terrain.

It is now being offered for sale by tender at the minimum tender price of only RM1.75psf (RM38.4 million). In year 2002, an abandoned freehold project known as Brogaville (DEV-5018) but fronting Semenyih-Broga road of nearly 100 acres carried an Indicative Market Value of RM5.50psf.

In the Google Map, I have drawn a blue line (subject to fine tuning in line with the terrain) to suggest that (a DO for) a new access road from the Silk Highway to the Southwestern side of the land (DEV-P4003) be applied for so that accessibility to this land and its surrounding will be greatly shortened to just about 2 km instead of the existing 20 km from the same point at the Silk Highway via Semenyih Town - Jalan Sungai Lalang - Unnamed Metalled Road - Gravel Road - Laterite Road which route is also shown in blue line on my Google Map. With this new access road,  I have no doubt that this land's worth will be increased substantially over a short time - my 2-sen's tongue in cheek!

So, astute developers and investors, if you see such potential in the land, call me now at h/p no.: 012-288 6993 for its Tender Package (containing Valuation Report, original Tender Form, Terms and Conditions of Sale, Summary of Particulars of the Property and a sample Sale and Purchase Agreement) before its tender closes at 5pm, Aug. 4th, 2010.

At the minimum tender price of RM1.75psf, don't you think you should tender for it!

Cheers,
Douglas, Tan Gee Tick (E 1579)

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@gmail.com