Hi guys,

I got a friend's friend wants to sell of his land worth about RM 40 Million. Is about 60 ekar. Apparently he doesnt want to go through "broker" is I got it correctly.

If anyone interested here can PM me here. However this thread is asking how to find a buyer. So the location will only be disclose to interested party. PM me if you are really serious about it.

Sorry I really have no idea on this matter but I got a few second glimpse of the grant and location plus the owner.

U expect ppl to take out 40 million to buy a piece of land which he dun even know where is the place! How does that sound to u?

Perhaps u should disclose the location of the land. What type of land and so on... Whats wrong with providing others with more details as the land will be for sale anyway.

yaloh....

Very simple. Do this land have development potential? Basic infrastructure in place?

If yes, send a notice to every single developer @ neighbouring region or put up a land for sale signboard at traffic lights or even fax the info to the directors of public listed companies in the property sector.

But forget it if it's Malay Reserve or surrounded by Malay Reserve.

This post has been edited by scorgio: Dec 20 2009, 10:49 PM

I am no broker, but a licensed real estate agency negotiator ...
Do i have any chance in providing my professional service to that friend of yours?

does your friend hear it from a friends punya friend punya friends ...
during some mamak session & every word worth millions & everyone there have millions dollar of oppourtunity deals & they start asking each other on the table for help.

You both interested? I have no idea about all this stuff thats why I'm posting it here. According to my friend, they will only disclose it interested party. I'm just asking anyway.

Thank you very much for the info. According to the grant that I've seen, is written there "potential" land to develop because of the highly convenient because of the highway with airport and track nearby.

Can someone tell me why my friend ask me not to disclose the location? Or maybe because it might relate to some VVIP and they wish to remain anonymous?

Hi ed0gawa,
Maybe but can I get back to you after I let my friend know about this?

Best way to sell a RM40mil land is if the market value is RM80million. Meaning, value for money. If value is circa RM40million, then hard sell. Niche market for high price land. A 0.5% comission will be RM200k edi.

Sorry, I dont get it. Are you saying that how much I can get? Haha I really have no idea on this matter. Thanks anyway.

From the gist of what I can tell from the other forumer, best is to go thru developer of the property sector? I not sure how much the land actually worth, as I know the owner wants to sell it at RM 40 million. Is it best to go thru a land evaluator or something like that?

Valuer valuation only provides the base line for the said property which your friend intends to sell. If the valuer values the land at RM 30mil, your friend do not necessary have to sell for RM 30mil. As scorgio had said, if the neighbourhood of the land is heavy populated and basic infra is already in place, then your friends can easily sell for RM 40mil provided that is it a reasonable price. Most of the time, the owner is selling higher than valuation report or basic market valuation. (Who don't want to have extra money and higher valuation?)

If you friend do not want to use the broker services, he can consider to approach several developer to propose the said land to them.

*The value of the land is not what the report said it is, until it is sold.

This post has been edited by edyek: Dec 21 2009, 04:54 PM

Why sell only, why not share with developer if the land is in good area?
I can help your friend to talk to a decent developer if he is interested.

sepang, salak tinggi area land can fetch 650k+/ ekar??

Right, got it. Thanks!

Ooh, sure I can talk to my friend about it. Gimme sometime because I only see him only on weekend.

Actually is sepang. Not sure though about RM 650+/ ekar. To high? Seriously I really dont know anything.

The only reason I can think of is he want to con people, legitimate sellers will have no problems disclosing the location.

Not necessarily. Sometimes they do not want some brokers/people to give out the information to the open market whereby everyone tends to sell it by marking up the price or asking for commission. And sometimes there are conditions stated in the land whereby they do not want people to know.
(unless you are potential buyer)

Right, make sense now. Thanks alot guys!

well i really doubt this thread. First of all, no1 will fork out 40mil for a land without knowing anything about the land.

Let me give u an example, when a person wants to buy a land, it is for a purpose, and therefore price of a land is not the first thing he would ask for.

Lets say you wanna build a building, and you have 40million dollars to spend on your land, will you go look for all 40million dollars land or would you look into land that you are interested then the price?

This post has been edited by jiahuilee: Dec 22 2009, 12:01 PM

Well I doubt you understand about this thread is for. I am asking how to find a buyer. Of course common sense would be developer/ companies that involve in all this because they got the money.

If you're interested I am more than willing to arrange for you to meet up with the owner.

someone who owns a RM40 million land does not want to pay brokerage fee of 2 - 3% . doesn't make sense???

This post has been edited by graneon: Dec 22 2009, 08:21 PM

Can't blame the members who doubt this whole deal. How can a proud owner of a land that might cost millions of RM is NOT SAVVY enough to find out the market rate of his land by himself, but rely on other people to qoute him a fair price (after luring them to see it).

If I am him, I wouldn't mind spend a "tiny bit" of $ to have my land appraised, then using the info gathered... put an ad somewhere using those info AND disclose its location too!

land near by sg long, bandar mahkota if the owner joint develop they can get say 3 link house per ekar, thats about 600k-700k.

Sepang i don't think can get this price

This post has been edited by APPA: Dec 22 2009, 10:02 PM

yalohh..ask the owner to send to valuer, do formal valuation and market it through registered estate agent...

He might have done the land valuation himself but he can choose not to tell the buyers how much value it is hence telling them he din't do any valuation. He can then decide O.N.O (Only Nearest Offer) from buyers.

And nasb76, not necessarily the owner have to market it through registered estate agent. Why cant the owner direct deal with developer? or just ask someone to introduce some developer and close the deal?

How to value the Land? example now someone offer me a good price of land and good location...he gimme price of rm300k for 4000sf..but how i want to know the market value of land current?

Then your land value is RM 75 per sq.ft. You should go find out whats your neighbourhood worth. There will be some land in your neighbour hood up for sale, and how much they are selling. If 2-5 people are selling/buying around RM 70-RM 80, then you can safely assume your land market value is there. If the land with no road access is selling RM 75, then yours might as well worth RM 85- RM 90?

Well, there is no definite market value. If you want proper valuation, you can ask a valuer to access the value of your land (but sometimes value aren't that professional also).

look around the area of the WTS land.

If there are bunches of Palm trees around, send email to / call up those plantations company.

Agreed. 650k/acre = 14.92 psf. No way you can get this price at Sepang. Furthermore, it's only land with potential which means it may be agriculture land status now.

LOL true... even here, so many people all of a sudden have million dollar ideas, then they post jobs for non-existent companies in Job Enlistments...

If I dunno anything about property, i rather deal with estate agent / valuer. The purpose of estate agent is to act on behalf of us, because they have knowledge and experience.

But you also have to choose good registered estate agent (not the illegal broker haram). I prefer to choose reputable company with in-depth knowledge and experience in property. I would choose registered estate agent which also registered valuer, why? This type of estate agent, not only the have knowledge in property transaction, they also understand value, market price of the property.

Why i don't choose to do it my own because I can protect myself for any dispute be it from seller or buyer. With estate agent as middle man, this also save me from the hassle and also peace of mind from disturbance, pushing from another parties, dealing and etc. I can calmly make any decision from far away and let my estate agent go to war, face to face with another parties.

Transaction by estate agent is governed by law. Anything happen, I can claim my rights under the law.

But if you think, you have the knowledge, you can to do your own, also no problem..

I'm not an estate agent, but someone previously have the chance to work in both valuation and estate agent company.