RET-HT01 for Sale: From RM 25.62 Million to Just RM7.1 Million Minimum!

(Update, 13.7.2010)
 
Dear Shopping Malls-Investors, 

1) You may be interested to know that the sale price of this property known as RET-HT01 has been lowered from RM25.62 million to just RM7,106,400 for a limited time only ending on Aug. 4th, 2010, 5pm. 

2) With a total lettable area of 347,438.62sf, you only need to rent out the shops and the office floor at RM2psf (x 347,438.62sf x 12 mths) to generate a gross rental revenue of RM8,338,526.88 - a more than 100% payback of investment capital in just 1 year! But, that's not all: Interestingly, the shops and the office space can actually fetch much higher rental than RM2psf if the right marketing efforts and branding are applied.

3) This property "RET-HT01" comprises 80 shops and 1 whole floor of office space at Plaza Hang Tuah next to University Technical Malaysia, Melaka. Now, you can buy it real cheap to turn it into a crowd-pulling malls - such as a “Digital-Mall” of Melaka (as Melaka currently still does not have a "Digital Mall") much like the one in Low Yat Plaza KL or in what was previously Metrojaya Section 14, PJ.

 

4) So there you are, a golden investment opportunity right before you for a limited time only. What a fire sale! Hurry, buy the Tender Package for RET-HT01 through me now at RM100/pack only (H/p: 012-288 6993).

5) Your recognition and support of my introduction efforts would be very much appreciated.

----------------------------------------------------------------------------------

(Original Post, 3.7.2010) The above-stated minimum tender price of RM7,106,400 is a whopping 46% lower than the price of RM13.16 million set in April/May 2010 in an earlier tender and 72% (yes 72%) lower than its assessed price of RM25.62 million in the year 2004. And, this was what NST Property Times wrote on 29.9.2006 when RET-HT01's Indicative Market Value was lowered from RM25.62 to RM18.05 million:

"Another sound investment opportunity takes the form of an 11-storey shopping centre in the heart of Malacca town and at the junction of Jalan Tun Ali and Jalan Tun Mamat (RET-HT01).

Known as Plaza Hang Tuah, its 80 available retail lots and one floor of office space with a total area of 347,438sq ft is pegged at an IV of RM18.05 million, which is nearly 30 per cent lower than its value of
RM25.62 million when assessed two years ago. That means even better prospects for its successful bidder, as a rent of RM2psf for the anchor tenant space and between RM3.50psf and RM10.50psf for the standard lots would be sufficient to generate attractive yields.

In order to make Plaza Hang Tuah stand out from the crowd and be a distinctive face in Malacca, it is also suitable for use as an arts, entertainment and leisure centre to complement the State’s initiatives in this direction, or with necessary refurbishment, as an institution for higher learning."

Well, I think it is better to make Plaza Hang Tuah crowd pulling than standing out from the crowd. I will be approaching some investors who have already made it a huge success in 2 previously "not-so-successful" malls into crowd-pulling niche market malls. So, it's time for action or a golden investment opportunity may be gone forever!

Call me (h/p no.: 012-288 6993) now 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) at RM100/package available from July 5th, 2010 until the tender closes at 5pm, Aug. 4th, 2010.

Regards,
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