The Penang Development Corporation (PDC) is inviting proposals from companies interested in acquiring 15.81 acres of development land along Jalan Batu Kawan in Seberang Perai Selatan, Penang, for commercial purposes.
According to PDC’s proposal document, the site measures approximately 688,527 sq ft and carries a reserve price of RM75 per sq ft, translating into a minimum value of about RM51.64 million.
The irregularly shaped parcel comprises Lots 415, 416, 2716, 2719, 2720, 2722, 2724, 20035, 20036, 20037 and 20038, together with part of Lot 2710 in Mukim 14.
PDC described the site as state land formerly known as the listed lots. The proposed alienation is for a freehold title, subject to approval by the state authority.
The location plan shows the site fronting Jalan Batu Kawan, with the Bukit Tambun Toll Plaza among the nearby landmarks.
Interested parties are required to submit their proposed purchase price and payment terms, together with details of their proposed development, including development components and implementation timeline. Company profiles and registration documents must also be provided.
PDC said proposals may be evaluated based on the purchase price and proposed development or use of the land. However, the evaluation benchmark will remain at PDC’s sole and absolute discretion.
The corporation also reserves the right to reject any proposal, in whole or in part, without providing a reason.
The successful purchaser will be responsible for obtaining and complying with all requirements imposed by relevant authorities and public utility licence holders for the development or use of the site.
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