Beachfront Development Landbank For Sale

Listing ID: 70096158

Listing Title: Beachfront Development Landbank For Sale

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Industry: Real Estate

Industry Segment: Other Real Estate

Country: Malaysia

State / Province:



Asking Price Range: $2.5M - $5.0M

Gross Revenues: $81,000,000

Cash Flow: $1,800,000

Cash Flow Type: Sellers Discretionary Cash

Year Established: 2003

Number of Employees: 50 - 99

Business Description:
Pre-approved Beachfront Development Landbank For Take-over Sale, Joint-Venture or For Sale & Leaseback! *Unique Selling Proposition: This landbank has very similar features to option pricing models. To begin with, there is little or no comparables, and no cashflow: only potential for explosive growth in value and price when development takes place! Location: Popular Malaysian Tourist Township of Tg Pengilih, Pengerang, Sungai Ringit, Southern Johor, 15 minutes ferry-ride from Ubin Island and 45 minutes from Changi Point, Singapore. An hour and a half's drive from the Old Causeway. The upcoming tourist township of Pengerang is very popular with middle-class (Yuppies) Singaporeans and Indonesians. For a weekend of good fun and outing, hoardes visit these beaches for long cycling trips and super-fresh sea-food in nearby Sungei Ringit Town of ''Se Wan Tho''. Tenure: Freehold. Approved for nine-storey 288-unit beachfront luxury condominium housing. Title: No caveats, no claims, no encumbrances, clean. Fully-paid by owner. Size: 2.88 heactares, 6.8 acres or almost 300,000 sq ft. Condition: Subject to continuing approvals as represented (now valid and available, option can be given subject to those). Architectural plans: Fully available. Piling Works: completed and fully-paid. Architectural Models: Full-scale and unit types available. Marketing Brochures: Available, needs updating. Indicative Valuation: RM 11,500,000. Asking Price: RM 8,888,888 (Exchange Rate SGD to RM 2.4) Existing development land is owned by a company willing to consider take-over sale to interested developers, joint-venture or sale & leaseback! Skip tiresome searches, due diligence, appointing architects and loops of meetings ad-infinitum by re-inventing the wheel for this project with a gross development value of nearly RM81,000,000. Call Henry Yeo on 65-90045168 for more information now.

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