Well located development site about 10 miles from George Town and a few miles from the 67 acre Mandarin Oriental development site, which starts construction this year. Initial site works have commenced on this property and improvements, such as fill and other infrastructure have been made providing additional value. Currently, this is a development where an investor can step in and take over, as most of the development work is complete. The location and size of the site allows scale and a multi-phase development opportunity to take advantage of the rapidly growing population, plans for the East-West Arterial road improving access nearby, and spin off of workers and staff from the Mandarin Oriental development. Lower Valley is going to develop rapidly over the next several years, so this timing makes sense to buy in early at the current lower land prices. This site is definitely a good investment to develop or just land bank!
