KOTA KINABALU – Would you like to have a 237.55ha island all to yourself? Pulau Daat, which is part of Labuan, will be going under the hammer this month following the liquidation of the island’s owner Potensi Bernas Sdn Bhd.
A public auction of the island will be held on May 27, at 11am on the first floor of Bornion Centre, Off Jalan Kolam, Luyang here.
The reserve price is set at RM121.5 million with a leasehold period of 999 years, which expires on December 31, 2853, the liquidator company in charge of the auction told The Vibes.
Pulau Daat, located halfway between Menumbok and Labuan, was first owned by John Gavaron Treacher and Clarence Cooper. They were reportedly issued the title deed in 1856 by Queen Victoria.
The location also made headlines some years back when an RM3 billion integrated oil refinery project off Pulau Daat was revived.
The Pulau Daat project, undertaken by Sabah-based RG Gas and Chemical and China-owned Zhuhai Winbase International Chemical Tank Terminal Co Ltd, was said to support 3,000 jobs during the construction phase.
There was also a RM37 million halal distribution hub, RM27 million 18-hole golf course and a jetty in the pipeline.
Islands in East Malaysia often make appearances on sale listings, for example, the Mantanani isles, a popular diving spot, had gone on sale for RM12 million earlier this year.
In 2011, Mengalum island near here had a selling price of US$18 million (RM75.21 million), Pandanan island off Semporna was priced at US$2 million, and Montukod island off Papar was going for RM35 million. – The Vibes, May 14, 2022
