We are pleased to be appointed by the land owner and wish to offer subject to land owner's final reconfirmation on the land availabity, other terms and conditions as follows:
COUNTRY: Malaysia.
CITY: Johor.
LAND AREA: 15 acres.
DEVELOPMENT: 5-stars Condo Resort.
TYPE: Joint-Venture.
CONTRIBUTION BY OWNER: Land.
CONTRIBUTION BY DEVELOPER: Capital.
DISTRIBUTION: Owner 51% and Developer 49%.
COMMENCEMENT: Immediate.
REMARKS: It is located in Investment Development Region (IDR), an area strongly supported by malaysia authority. Moreover, it is a 2nd link to Singapore where 2 Casinos will be ready in 2009 and 2010.
Best regards,
Honfu Tan, AMInstAM (UK)
Asia Hotels Specialist
Global Real Estate Services Pte Ltd
Singapore.
