Registration Sale Of Development Land (Plot 5) at Bandar Cassia

Penang Development Corporation (PDC) is inviting offers from any incorporated local and foreign companies (application by a joint venture or consortium of companies is allowed) to submit proposal for the sale of land briefly described as follows:

SECTION A : COMPANY'S INFORMATION

SECTION B : PROPOSAL

2.1. Upon Signing / From Date of SPA :  20%

3. Express Condition on Title : Commercial

4. Type of Title : Freehold

IMPORTANT NOTE

1. The evaluation of the submitted proposals will be based on the proposed price for the specified land. Additionally, due consideration may be given to the proposed development or utilization of the land upon submission. However, the criteria governing the evaluation process will be entirely determined by PDC at its sole discretion, and no obligation exists to provide any explanation. The conclusive approval of any proposal is subject to the unequivocal discretion of PDC.
2. Each Prospective Purchaser at its own cost and expense shall be responsible to ascertain for itself the details of the land, the area, quantity, nature, state and condition, fitness for use and purpose, conduct its own survey and service mapping, and shall be deemed to have notice of:-
   (i)   the actual state and condition of the land including but not limited to matters as regards to access, ingress and egress, drainage, sewerage, utility services, zoning and all other infrastructures affecting the land;
   (ii)   the existence of any encroachment, structure or thing on or within the land; and
   (iii)  any easements, rights of way and all other encumbrances, if any, affecting the land regardless of whether the Prospective Purchaser has inspected the land, and shall  not raise any objection or requisition whatsoever in respect thereof.
3. PDC reserves the right to reject the highest or any Purchase Price or any part thereof without giving any reasons.
4. The Successful Purchaser is obligated to verify, at its own cost and expense, the precise and detailed conditions and requirements stipulated by all Relevant Authorities and Public Utility Licensees concerning the development or use of the land. The Successful Purchaser shall diligently observe and comply with these conditions and requirements at its own cost and expense. 

DISCLAIMER

1. All information including but not limited to designs, drawings, concepts, photos, images, brochures, perspectives, articles and plans contained in this website (“Information”) are subject to change without prior notice and cannot form part of any offer or contract. All photos, images, brochures, illustrations shown are artist’s impressions only.
2. PDC and any of its employees or agents shall not be liable for, and expressly disclaims all liability for, damages of any kind arising out of use, reference to, or reliance on any information contained as follows:-
   (i)   within this website; and 
   (ii)  in the links from this website, if any. 
3. While every effort has been taken to provide accurate information, PDC and any of its employees or agents reserves the right to upgrade, modify, alter, suspend, discontinue or remove, whether in whole or in part, this website and/or any information provided therein from time to time without giving any reason(s) and/or prior notice. 
4. PDC and any of its employees or agents shall not be liable to any party for inaccessibility to any portion, feature and/or information of the website consequential to such upgrade, modification, suspension, alteration, discontinuation or removal. The information contained in this website may be modified, deleted or replaced from time to time or at any time without prior notice at the absolute discretion of PDC and any of its employees or agents. 
5. PDC and any of its employees or agents makes no guarantee that the information provided in this website (and includes any upgrade, updates and modifications) is accurate, correct, complete or up-to-date. PDC and any of its employees or agents also makes no guarantee on continuous, uninterrupted or error free information in this website or that any identified defect will be rectified or that the website is free from any virus and protected from malicious, destructive or corrupting code, program or macro.