Penang govt auctions Tanjung Pinang land as bypass project races towards 2027 finish

The Penang government plans to auction a 2.42-hectare plot of land in Tanjung Pinang on October 7 to provide Consortium Zenith Construction Sdn Bhd with the cash flow required to complete the Ayer Itam-Tun Dr Lim Chong Eu Expressway bypass project by April 2027.

The land swap funding method for this project involves transferring land plots based on completed work claims, with CZC having claimed RM695.977 million in land value thus far.

The auction has a reserve price of RM313.632 million, and profits from the sale will be shared between the state government and CZC.

Interested bidders must comply with specific terms to participate.

GEORGE TOWN, Sept 7 — The Penang government will auction a 2.42-hectare plot of land in Tanjung Pinang next month to help Consortium Zenith Construction Sdn Bhd (CZC) secure the cash flow needed to complete the remaining works on the Ayer Itam-Tun Dr Lim Chong Eu Expressway bypass project.

State Infrastructure, Transport and Digital Committee chairman Zairil Khir Johari said the state agreed to auction the land after CZC sought assistance to monetise it and obtain the cash flow needed to complete the project by April 2027.

The freehold plot is located at P.T. 858 (Plot 7A), Seksyen 2, Bandar Tanjung Pinang in the northeast district of the island.

“The bypass project is funded not through cash payments to the contractor, but through a land-swap method, where land plots are transferred based on completed work claims,” Zairil said in a statement today.

He said CZC had so far claimed land worth RM695.977 million for completed works.

Of that amount, 4.7ha (11.6183 acres) of land worth RM427.657 million had been transferred to the company, he said.

“Therefore, RM225.768 million in claimed land value had yet to be transferred,” he said.

The project, which links Ayer Itam to the Tun Dr Lim Chong Eu Expressway, was about 92.46 per cent complete as of August 31, while its financial progress stood at 81.69 per cent, he said.

Zairil said the land, located beside Gurney Bay and Pulau Andaman, has a reserve price of RM313.632 million, or RM1,200 per square foot.

“It will be auctioned at 11am on October 7 at Level 51, Komtar,” he said.

“Profits from the sale will be shared between the state government and CZC,” he added.

Interested bidders must submit a bank draft deposit of RM3,136,320, or one per cent of the reserve price, payable to the District Land Administrator before 11am on the auction day.

Further information is available from the appointed auction agent, One Asia Property Consultants (PG) Sdn Bhd at 25-F Gottlieb Road, 10350 Pulau Pinang, or by calling +604-227 7222.

Participation in the auction is fully subject to the terms and conditions set out in the Proclamation of Sale issued by the Penang state authority.

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槟城政府计划于 10 月 7 日拍卖丹绒槟榔一块 2.42 公顷的土地，为 Zenith Construction Sdn Bhd 财团提供所需的现金流，以便在 2027 年 4 月前完成亚依淡-敦林苍佑大道绕行项目。

该项目的土地置换融资方式是根据已完成的工程索赔转移土地地块，迄今为止，CZC 已索赔土地价值 6.95977 亿令吉。

此次拍卖的底价为 3.13632 亿令吉，拍卖所得利润将在州政府和 CZC 之间分配。

有意竞标者必须遵守特定条款方可参与。

乔治市，9月7日讯——槟城政府将于下月拍卖丹绒槟榔一块2.42公顷的土地，以帮助Zenith Construction Sdn Bhd财团（CZC）获得完成亚依淡-敦林苍佑大道绕道工程剩余工程所需的现金流。

国家基础设施、交通和数字委员会主席扎伊里尔·希尔·乔哈里表示，在CZC寻求帮助将其货币化并获得完成该项目所需的现金流后，国家同意拍卖这块土地，以便在2027年4月之前完成该项目。

该永久产权地块位于岛屿东北部丹戎槟榔镇第二区 PT 858（7A 地块）。

扎伊里尔今天在一份声明中表示：“绕城公路项目的资金不是通过向承包商支付现金的方式筹集，而是通过土地置换的方式筹集，即根据已完成的工程款来转移土地。”

他表示，CZC迄今已声称拥有价值6.95977亿令吉的土地，用于已完成的工程。

他说，其中价值 4.27657 亿令吉的 4.7 公顷（11.6183 英亩）土地已转让给该公司。

“因此，所声称的2.25768亿令吉土地价值尚未转移，”他说。

他说，截至 8 月 31 日，连接亚依淡和敦林苍佑大道的项目已完成约 92.46%，而资金进展为 81.69%。

Zairil表示，这块位于葛尼湾和安达曼岛旁边的土地，底价为3.13632亿令吉，即每平方英尺1200令吉。

“拍卖会将于10月7日上午11点在光大51楼举行，”他说。

他还补充说：“此次出售所得利润将在州政府和CZC之间分配。”

有意竞标者须于拍卖日上午 11 点前向地区土地管理员提交 3,136,320 令吉（或底价的百分之一）的银行汇票保证金。

如需了解更多信息，请联系指定的拍卖代理机构 One Asia Property Consultants (PG) Sdn Bhd，地址：25-F Gottlieb Road, 10350 Pulau Pinang，或致电 +604-227 7222。

参与拍卖须完全遵守槟城州政府发布的拍卖公告中所列的条款和条件。

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