integrated commercial development at zone 5, plot 5, … doc... · 2019. 5. 2. · request for...

BRIEF DOCUMENT

FOR

INTEGRATED COMMERCIAL DEVELOPMENT

AT ZONE 5, PLOT 5, BANDAR MERU RAYA,

MUKIM HULU KINTA, DAERAH KINTA, PERAK

DARUL RIDZUAN

PCB DEVELOPMENT SDN BHD NO 1-A, Tower B PKNP

Jalan Meru Casuarina Bandar Meru Raya

30020 Ipoh Perak Darul Ridzuan

RFP 5/ZONE 5/PLOT 5/2019/REV.2 2

REQUEST FOR PROPOSAL

CONFIDENTIALITY AND INTELLECTUAL PROPERTY CLAUSE

This Request for Proposal (RFP) is strictly confidential. It is made available to your

organisation on the strict understanding that it will not be shown, read or passed to

any person who is not a current employee of your organisation.

This RFP has been developed in view of PCB Development Sdn Bhd (PCBD)

business strategy requirements. It remains the sole property of PCB Development

Sdn Bhd and as such its contents may not be disclosed by your organisation to any

third party, nor may any original concepts devised by PCB Development Sdn Bhd be

used commercially.

Should a breach of confidentiality and intellectual property right occur at any time

before or after the RFP proposal deadline, PCB Development Sdn Bhd retains the

right to disqualify the proposal and may choose not to invite the defaulting

organisation to any future proposal exercises.

By purchasing the RFP, you agree to be bound by the terms and conditions of

confidentiality and intellectual property right stated in this RFP.


TABLE OF CONTENTS

1. BACKGROUND 4 2. OBJECTIVE 5 3. PURPOSE OF RFP 5 4. SCOPE OF RFP 5 5. THE PROPOSED DEVELOPMENT SITE 7 6. LAND MATTERS 14 7. COMMUNICATION REGARDING THE RFP 17 8. TERMS AND CONDITIONS 17 9. KEY PLAN/SITE PLAN 19

10. TOPOGRAPHY PLAN 19


BACKGROUND

Perak Corporation Berhad (PCB) was established in 1991 with a paid-up capital of RM100

million and as at end of year 2018, the paid-up capital has been increased to RM237 million,

and has been listed on the Main Board of Bursa Saham Malaysia since 2003. Perbadanan

Kemajuan Negeri Perak is the main shareholder of the company with a 52.9% stake. The

early activities of PCB were focused in the management of ports and logistics facilities and

development of new townships. As the company charges forward, it has expanded to

include regional development, hospitality & tourism and development of ports & logistics

infrastructure.

PCB Development Sdn Bhd (PCBD) is one of PCB's main subsidiaries which had undertaken

the development project of Bandar Meru Raya (BMR). The BMR project consists of the

development of a fully integrated township located in Ipoh. BMR a fast-emerging township

dubbed as the “New Heartbeat of Ipoh”, is PCB’s flagship for township development.

Developed as Ipoh’s satellite metropolis, it is designed as the epitome of comprehensive

and integrated destination for work, live, play and learn.

Covering an area of 3,000 acres, BMR’s ecosystem has components of various facilities like

Government Precinct, tourist attractions and public amenities which include a central bus

terminal that enhances intra and inter-state connectivity, a large-scale convention centre,

international and national colleges and schools, a hypermarket, a public park, a world class

animation theme park and 400 lots of commercial units to meet the needs of over 4,000

units of residential in the vicinity. BMR currently houses six government offices in an

expanding Government Precinct. With the relocation of 12 more government agencies in

the pipeline, BMR is set to be the main administrative centre for Perak Darul Ridzuan.

Home to a plethora of integrated businesses, Bandar Meru Raya will boost Perak's appeal as

an investment destination of choice that offers varied prospects. Cognisant of its role, the

company constantly seeks out avenues for development and growth to expand the property

market in the state, both in terms of value and quantity. This paves the way for more

commercial possibilities and opportunities and increases the stable of residential property.

PCB and PCBD have a substantial landbank that would be made available for residential,

commercial and industrial developments.

Realizing the prominence of a Property Development and sustainability to the socio-

economic growth of the State of Perak, PCBD is seeking a Developer with the capacity and

creativity to transform the land included in this RFP by following high development

standards and presenting a commercially viable project for the area. It is anticipated that

the commercial development including other amenities in accordance to local authorities’

requirements for the particular area. The Developer will be expected to coordinate all

aspects of designs and construction with PCBD to ensure that the proposed project matches

the aspiration of PCBD.


PCBD’s intention is to select a Developer and proposal with the highest quality plan(s) to

provide exclusive negotiation period which would enable the parties to undertake proper

due diligence and establish a firm development schedule.

This RFP establishes the fundamental requirements for the development on PCBD’s

landbank. Respondents are invited to submit their proposed development in accordance

with the criteria specified in this RFP document thereby establishing a consistent and

formalized basis on which respondents’ proposals may be evaluated.

OBJECTIVE

The Landowner hereby invites companies/ corporation/ consortium registered with Ministry

of Finance to participate as the developer partner for the said development and facilities in

accordance with this Request for Proposal (RFP).

The Applicant’s proposals for the provision of the development shall be submitted in

accordance with the format as set forth with.

PURPOSE OF THE RFP

Provide applicants with sufficient information to facilitate the preparation and submission of

a proposal to provide the development proposal.

Seek certain information from the applicant which will be used in the evaluation process.

This RFP is not an offer to contract, but seeks the submission of proposals from interested

respondents that may form the basis for negotiation of Landowner-Developer contract with

PCBD.

SCOPE OF RFP

Determine the degree of fit of the proposed development offerings to The Landowner, in

compliance to other government agencies and local authorities’ requirements.

The designated land parcel has been earmarked as thematic enclave with the concept for

hotels, tourist and recreational facilities.

In addition to the above concept, proposer can include other components such as high-end

condominium, service apartment or a retail complex to complement BMR’s hospitality and

tourism themed and integrated new township.

Acquire detailed information of applicants’ company profile, experience, development track

record, state of finance, technical capability, design and management teams, marketing and

sales strategies.


Acquire estimated costing in relation to the proposed Gross Development Value and Gross

Development Cost covering all aspects of the development process and components.

Evaluate the Implementation Plan from Inception to Completion including until Defects

Liability Period ends.

Offer of entitlements and their schedule payments to the Landowner. The Landowner shall entitle for profit sharing from fixed amount quarterly revenue during operation and/or the gross profit of the Development based on as follows:

a.) For commercial, tourism or hospitality developments that will be developed and then

operated by the Developer/Operator, the entitlement shall be based on fixed quarterly revenue (fixed lump sum amount) to the land owner including its duration has to be proposed by the Proposer.

b.) For strata title-based developments for sales such as high-end condominium, apartment

or retail complex and the likes, the Proposer has to propose the profit entitlement to the Landowner based on the percentage of the Gross Profit from the Gross Development Value (GDV) less the Gross Development Cost (GDC).

c.) Combination of above item (a) and (b).

Optional developments as below:

HOSPITALITY, RESIDENTIAL & MIX

USE COMMERCIAL COMPONENTS

REVENUE PROPOSAL & GROSS PROFIT

ENTITLEMENT TO LANDOWNER

i. Develop & Sell High-end

Condominium/Apartment

➢ Developer to propose the percentage

from the Gross Profit (Gross Development

Value from sales revenue less the Gross

Development Cost)

ii. Develop & Operate Service

Apartment

➢ Developer/Operator to propose quarterly

payment of fixed lump sum revenue &

duration.

iii. Develop & Sell (or Operate)

Retail Complex

➢ Developer to propose the percentage

from the Gross Profit (Gross Development

Value from sales revenue less the Gross

Development Cost)

-OR-



duration, if operated.


iv. Develop & Operate Hotel &

Wellness Centre (Complete

with full ID, FF&E with

Operator)



duration.

THE PROPOSED DEVELOPMENT SITE

To carry out PCBD’s vision, this RFP is being called for a proposed development site at Plot

5, Zone 5, Bandar Meru Raya, Mukim Hulu Kinta, Daerah Kinta, Perak Darul Ridzuan.

The land for the proposed development is located at the heart of Bandar Meru Raya and

comprising an area of 32.82 acres.

The proposed development is expected to be economically viable because of its strategic

location and is surrounded by Bandar Meru Raya’s tourist attractions such as the integrated

recreation park – Bulatan Sultan Azlan Shah, Movie Animation Park Studio,

Casuarina@Meru Hotel and Traditional House Restaurant.

The proposed development concept is agglomeration of Business Activities to stimulate

and increase the economic development in the area.

PROPOSED SITE

PLOT 5, ZONE 5,

BANDAR MERU RAYA

PLY

Location Map of Proposed Site (Plot 5, Zone 5, Bandar Meru Raya)


The land is connected to main road Persiaran Meru Raya 2 (66’) and Persiaran Meru Raya 3

(100’).

The land is equipped with major infrastructure centralize facilities such as water supply,

electricity supply, sewerage system, telecommunication system, road and drainage.

Meanwhile the current land use of the land is open field.

The land is zoned as Commercial Zone under Ipoh Local Plan 2020.

Location Map of Proposed Development Site (Not to Scale)

LEBUHRAYA UTARA - SELATAN (Sediada)

15.240m

30.4

80m

(1

00')

DARI J

ELAPAN

G

193664

PT102559

SAH 35m

(212144)

(15437)

RIZAB SUNGAI

RIZ

AB PARIT

7.6

20m

RIZ

AB TALIA

N H

ANTARAN ELEKTRIK

60.3

50m

(1

98')

RIZ

AB PARIT

7.6

20m

30.480m (100')

(33001)

40.234m (132')

(32999)

38051

11705

11698

17510

75146m²(18.57ek)

35m

20.117m

40.234m (132')

30.4

80m

(1

00')

30.480m (100')

RIZ

AB PARIT

7.6

20m

15.240m

20.117m

12.1

92m

12.1

92m

12.192m

15.2

40m

15.2

40m

2118.6m²

44515m²(11.00ek)

JP / 02 / IP / 3996 / R1 - 1

PELAN P. U. TELAH LULUSLIHAT NO. PELAN

3454.0m²

6990m²

771.2m²

3945.5m²

636.1m²

4097m²

1638.0m²

(1.73ek)

(1.01ek)

JP / 97 / IP / 3287 / R2 - 3

LIHAT NO. PELAN

19.44ek

439.7m²

15.240m

55980m²(13.83ek)

15.240m

11354m

²

(2.8

1ek)

7.315m

7.315m

LIHAT PEMBESARAN "B"

7.315m²

66'(2

0.11

7m)

(20.00ek)

15 ekarKolam Rekreasi

3.50 EK

5.97 EK

28205m²(7.15ek)

97487m²( 24.09 ek )

8094m²( 2.00 ek )

PT 167585

80942m²

Dari Changkat Jering

11674

Ke Ipoh

RIZA

B SUNGAI

SAH

35m

(100')

30.480m

15.2

40m

(50

')

20.1

17m

(66')

20.117m (66')

15.2

40m

(50')

20.117m (66')

15.2

40m

(50

')

15.240m (50')

15.2

40m (50

')

40.2

34m (

132')

15.240m (50')

15.2

40m

(50

')

PELAN P.U. TELAH LULUS

NO. PELAN : JP/02/IP/3996/R1-1

12

3

4

5

6

7

8

9 10

4BKOMERSIL

5BKOMERSIL

1BKOMERSIL

RIZAB SUNGAI SAH 35m

15.240m (50')

7.62

0m (2

5')

7.62

0m (2

5')

9B

HIJAU 7.315m

10B

HIJAU 7.315m

JALURAN

JALURAN

14

20.1

17m

(66

')

15.2

40m

(50

')

15.240m (50')

15.240m (50')

22

23

NO. PELAN : JP/97/IP/3287_Z6/P1-0

7B

HIJAU 7.315mJALURAN

ZONE 3

ZONE 6

ZON 8

ZONE 7PK

PK1

TADAHANKOLAM

9.794141° 01' 30"

48.911142°09'40"

29.330145°18'20"56.681

25.347145°52'00"

315° 06' 10" 421.981

PLOT 22

6.40 EK

PK

PK

PK

PK

PK

PLOT 21

PLOT 221F

1J

ZONE 2

4A

4B

5B

6B

3B

15.2

40m

(50

')

9.144m (30')

9.144m (30')

9.14

4m (30

')

6.096m (20')

6.096m (20')

15.2

40m

(50')

15.2

40m

(50')

9.14

4m (30

')

15.240m (50')

15.240m (50')

15.2

40m

(50

')

15.2

40m

(50

')

15.2

40m

(50

')

15.240m (50')

15.240m (50')

15.2

40m

(50

')9.

144m

(30

')

9.14

4m (30

')

20.1

17m

(66

')

20.117m (66')

30.480m (100')

Jaluran Hijau 7.315m

30.4

80m

(10

0')

20.1

17m

(66')

15.240m (50')

15.2

40m

(50')

20.117m (66')

15.240m (50')

15.240m (50')

20.1

17m

(66

')

217°

53'2

0"12

5.31

8

6.223265°00'00"

4.18 ek

U 112768.4T 29025.5

15.240m (50')

6.4

66

172°5

3'2

0"

5.44 ek

3.95 ek

30.480m (100')

30.4

80m

(10

0')

30.480m (100')

15.2

40m

(50

')

15.240m (50')

1.00 ek

1.00 ek

1.00 ek

1.00 ek

1.32 ek

1.32 ek

1.00 ek

1.00 ek

1.00 ek

1.00 ek

1.14 ek

1.10 ek

15.24m (50')

20.1

17m

(66

')

15.2

40m

(50

')

1

2

3

4

5

6

7

8

9

10

11

12

PTTC

7.62

0m (2

5')

1D

ZONE 5

ZONE 4

15.2

40m

(50

')

4

5

7

8

9 10

1BKOMERSIL

2BKOMERSIL

3BKOMERSIL

9B

HIJAU 7.315m

10B

HIJAU 7.315m

JALURAN

JALURAN

7.62

0m (2

5')

U 112646.7

T 28958.1

16.0 EKPT 229142

MYDINHYPERMARKET

HIJAU 7.315mJALURAN

1D

PK

PK

PK

PK

PK

136° 05' 20"

133° 58' 20"

51.14921.437

122°53'50"123°01'20"12.168

127°05'20"

47.614

315° 06 10" 415.250 Jum..

34.12 EKPLOT 21

MASJID

PT2

47231

PT2

47232

PT2

47233

PT2

47234

PT2

47235

PT2

47236

PT2

47237

PT2

47238

PT2

47239

PT2

47240

PT2

47241

PT2

47242

PT2

47243

PT2

47244

PT2

47245

PT2

47246

PT2

47247

PT2

47248

PT2

47249

PT2

47250

PT2

47251

PT2

47252

PT2

47253

PT2

47254

PT2

47255

PT2

47256

PT2

47257

PT2

47279

PT2

47278

PT2

47277

PT2

47276

PT2

47275

PT2

47274

PT2

47273

PT2

47272

PT2

47271

PT2

47270

PT2

47269

PT2

47268

PT2

47267

PT2

47266

PT2

47265

PT2

47264

PT2

47263

PT2

47262

PT2

47261

PT2

47260

PT2

47259

PT2

47258

15.240m (50')

24.994m (82')

PROPOSED SITE

RUMAH TRADISIONAL

MELAYU CASUARINA@MERU

HOTEL

MOVIE ANIMATION

PARK STUDIO

BULATAN SULTAN

AZLAN SHAH

PROPOSED RESORT

HOTEL

PROPOSED SPECIALIST

HOSPITAL

Surrounding Development


Proposed Site as Shown in Red (Not to Scale)

Proposed Site Is Zoned as Commercial

TAMAN REKREASI

?16.42? ?ek

PERNIAGAAN

PT 260666

5.00ek

LOT 328077

ZON PEMISAH

ZON PEMISAH

INSTITUSI

PT371100

364832INSTITUSI

PT204048

PAFA

PERSIARAN MERU RAYA 3

PERS

IARA

N M

ERU

RAYA

2

Riza

b Jalan

365217Kawasan Lapang /Padang Permainan

354388Surau

3543

87TN

B

3543

20

3543

21

3543

22

3543

23

3543

24

3543

25

3543

26

3543

27

3543

28

3543

29

3543

30

3543

31

3543

32

3543

33

3543

34

3543

35

3543

36

3543

37

3543

38

3543

39

3543

40

3543

41

3543

42

3543

43Zon Pemisah

339340

3393

41Zo

n P

emisah

339291

Riza

b Sun

gai Sa

h

Rizab Sungai Sah

Rizab Sungai Sah

Kawasan Lapang

T 29550m

U 112900m

Rizab Sungai Sah

3543

443543

45

3543

46

3543

47

3543

48

3543

49

3543

50

3543

51

3543

52

3543

53

3543

54

3543

55

3543

56

3543

57

3543

58

3543

59

3543

60

3543

61

3543

62

3543

63

3543

64

3543

65

3543

66

3543

67

3543

68

3543

69

3543

70

3543

71

3543

72

3543

73

3543

74

3543

75

3543

76

3543

77

3543

78

3543

79

3543

80

3543

81

3543

82

3543

83

3543

84

3543

85

3543

86

3645

3936

4538

3645

3736

4536

3645

3536

4534

3645

3336

4532

3645

3136

453036

4540

3645

4136

4542

3645

4336

4544

3645

4536

4546

3645

52

3645

51

3645

50

3645

49

3645

48

3645

47

3645

53

3645

8636

4585

3645

8436

4583

3645

8236

4581

3645

8036

4579

3645

7836

4577

3645

7636

4575

3645

7436

4573

3645

8736

4588

3645

89

3646

96

3646

3936

4637

3646

38

3645

9036

4591

3646

35

3646

36

3645

9236

4593

3646

33

3646

34

3645

9436

4595

3646

31

3646

32

3645

9636

4597

3646

29

3646

30

3645

9836

4599

3646

27

3646

28

3646

00

3646

26

3646

4036

4641

3646

4236

4643

3646

4436

4645

3646

46

3646

9536

4694

3646

9336

4692

3646

9136

4690

3646

4736

4648

3646

4936

4650

3646

5136

4652

3646

8936

4688

3646

8736

4686

3646

8536

4684

3646

5336

4654

3647

89

3646

9836

469936

4697

3647

45

3647

4636

4744

3647

0036

4701

3647

0236

4703

3647

0436

4705

3647

0636

4707

3647

4336

4742

3647

4136

4704

3647

3936

4738

3647

3736

4736

3647

3536

4708

3647

09

3647

47

3647

52

3647

51

3647

50

3647

49

3647

48

3647

5336

4754

3647

55

3647

90

3647

8736

4786

3647

56

3648

31

3647

88

3647

84

3647

8536

4782

3647

83

3647

92

3647

9136

4794

3647

9336

4796

3647

9536

4798

3647

9736

4781

3647

80

3647

9936

48003648

3036

4829

3648

2836

4827

3648

2636

48233648

2536

4824

3648

2236

4833

TNB

364834

U 112856.7T 29654.6

12.1

92m (40')

12.192m (40')

12.192m (40')

12.192m (40')

15.2

40m (50')

15.2

40m

(50')

30.4

80m (1

00')

38.3

58

Zon Pemisah

Zon

Pem

isah

339338

364836

364835

LOT PERNIAGAAN

PERUMAHAN

Rizab

Jalan

Rizab JalanRizab Jalan

PT 260965

PERUMAHAN?6.62? ek

?7.04 ?ek

?3.24?? ek

PERNIAGAAN

PLOT 1

PLOT 2

PLOT 7

PLOT 5

PPUPT 260966

4.02?? ?ekPERNIAGAAN

PLOT 6

PERUMAHAN

(KOLEJ UTARA)

PROPOSED SITE

BULATAN

SULTAN AZLAN SHAH


Existing Condition at proposed development site



Infrastructure Facilities Surrounding the Proposed Development Site



LAND MATTERS

Lot Title Plot 5, Zone 5

Municipality Mukim Hulu Kinta

District Daerah Kinta

Town Bandar Meru Raya, Ipoh

State Perak Darul Ridzuan

Gross Land Area 32.82 acres/ 1,429,639.20 sq. ft.

Tenure Freehold

Land Use Category Commercial

Zoning Commercial

Land Charge (land cost plus other charges e.g. main infrastructure cost, quit rents, premium etc)

RM 70.00 per sq. ft.

Total Land Charge (rounded) RM 100,074,700.00

The applicant is not limited only to propose commercial development per se but may also

propose other development components as they deem fit or marketability, subject to the

appropriateness to the Development.

The Applicant is required to demonstrate through drawings, rendering or other such

visualisations on their proposed delivery or submission.

The Applicant also can refer to Economic Value and Development Planning Consultancy

Study Report for Bandar Meru Raya, Ipoh, Perak, which was prepared by CBRE Limited on

June 2015 (refer Appendix I).

As for the land, the following requirements shall be taken into considerations:

• Population Equivalent (P.E) shall not exceed than 2,741 P.E. If the P.E are exceeded,

the Applicant needs to pay additional contribution of RM265.00/P.E to the

Landowner. Meanwhile authority contribution will be calculated and pay to the

respective authority later.

• Water demand shall not exceed than 117,475 gallon per day. If the water demand

are exceeded, the Applicant needs to pay additional contribution of RM5.71/gallon

to the Landowner. Meanwhile authority contribution will be calculated and pay to

the respective authority later.

• Plot ratio is 1:5.

The land cannot be charged to the bank, any financial institutions or third party for any

purposes.


The applicants shall settle by settlement in cash the payment for the Land Charge to the

Landowner as follows: -

YEAR 1

STAGES PAYMENT TERMS

Upon acceptance of the LOI 1% of the Land Charge cost (RM1,00,747.00)

Upon acceptance of the LOA 4% of the Land Charge cost (RM4,002,988.00)

Upon signing Development Agreement

5% of the Land Charge cost (RM5,003,735.00)

Upon approval of “Kebenaran Merancang”


Upon approval of Advertising Permit & Developer License (APDL)


YEAR 2


Within 1st Quarter (90 days) of the Year 2 from the date of the Agreement.


Within 2nd Quarter (180 days) of the Year 2 ditto.


Within 3rd Quarter (270 days) of the Year 2 ditto.


Within 4th Quarter (360 days) of the Year 2 ditto.


YEAR 3











YEAR 4










YEAR 5










For Hospitality & Commercial Developments (e.g. Hotel, Service Apartment or Condotel &

Retail Complex)

• Developer/Operator to propose quarterly payment of fixed lump sum revenue from the

date of commencement of operation & duration.

For Residential & Retail Complex for Sales:

• The Landowner shall be entitled for profit sharing from the profit of the Development

based on the development’s Gross Development Value (GDV) after deducting the Gross

Development Cost (GDC) whereby the percentage is subject to the proposal by the

applicant.


• The said profit-sharing modes of payments are as follows: -

➢ By instalment in cash which shall be based on the percentage of physical

development’s progress (certified by the authorised personnel) or percentage of

the project sale progress whichever is higher until completion of the

development.

-OR-

➢ Fifty per cent (50%) by instalment in cash which shall be based on the percentage

of physical development’s progress (certified by the authorised personnel) or

percentage of the project sale progress whichever is higher until completion of

the development and the balance of Fifty per cent (50%) to be converted in

number of building/retail units where The Landowner have a right to choose the

units which are not limited to Bumiputra units only. The said units shall be

delivered to the Landowner upon completion of the development.

COMMUNICATIONS REGARDING THE RFP

Applicants are to direct all communications regarding this RFP to:

Mr. Mohd Faizal Bin Nayan Manager, Business and Land Management,

Level 6, Tower B PKNP, No 1-A, Jalan Meru Casuarina, Bandar Meru Raya, 30020 Ipoh, Perak Darul Ridzuan. Telephone No: 05-5019 855 Email: [email protected]

Miss Zahirah Binti Muhamad Salleh Acting Manager, Property Development (Strategic Planning) Level 6, Tower B PKNP, No 1-A, Jalan Meru Casuarina, Bandar Meru Raya, 30020 Ipoh, Perak Darul Ridzuan. Telephone No: 05-5019 807 Email: [email protected]

TERMS AND CONDITIONS

• Applicants shall bear all costs and expenses associated with the preparation,

clarification and submission of their proposal which must be delivered on or before

12.00 noon, 10th June 2019. Proposal received after the closing date and time specified

above will not be entertained.


• Applicants are required to submit RM 1,500.00 (Ringgit Malaysia One Thousand Five

Hundred Only) by way of bankers’ cheque as processing fee in favour of PCB

DEVELOPMENT SDN BHD when submitted the proposal. This amount is not-refundable.

Proposal submitted without the requisite fee specified above will not be entertained.

• One (1) softcopy in the form of DVD and three (3) hardcopies of the proposal must be

submitted to the following address:

Contract and Procurement Division, PCB Development Sdn Bhd,

Tower PKNP, Block B, Level 3, Jalan Meru Casuarina, Bandar Meru Raya,

30020 Ipoh, Perak Darul Ridzuan.

• The Landowner has the absolute discretion to accept or reject the submitted proposal

and is not obligated in any way to award the project to the person(s) and or

company(ies) submitting the proposal. The Landowner is not required to provide any

reason whatsoever and any decision made by The Landowner is deemed final.

• The successful applicant shall furnish The Landowner within fourteen (14) days from the

date of the Letter of Award (LOA) a Performance Bond in the form of a Bank/Insurances

Guarantee for the sum of 5% of Estimated Gross Development Cost (GDC) for every

phase issued by a licensed bank operating in Malaysia strictly for the duration or

Corporate Guarantee from Parent Company.

• The successful applicant shall also furnish The Landowner within fourteen (14) days

from the date of the Letter of Award (LOA) a Design Bond in the form of a

Bank/Insurances Guarantee for the sum of 5% of Estimated Gross Development Cost

(GDC) for every phase issued by a licensed bank operating in Malaysia strictly for the

duration or Corporate Guarantee from Parent Company.

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THE REMAINING PART OF THIS SECTION

IS INTENTIONALLY LEFT BLANK

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KEY PLAN / SITE PLAN


TOPOGRAPHY PLAN

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