The_King Posted May 23, 2022 Share Posted May 23, 2022 Daat Island, which is roughly 237.55 hectares in size and located halfway between Menumbok and Labuan in Sabah, will be auctioned off this week. This is following the liquidation of the island's owner Potensi Bernas Sdn Bhd. The island will be auctioned off in public on May 27 at 11 a.m. on the first floor of Bornion Centre, off Jalan Kolam in Luyang. The reserve price is RM121.5 million (RM4.80 per square ft), and the island will be sold "as is, where is." Daat Island was originally scheduled for auction on June 30, 2021, but was rescheduled for September 10, 2021. The reserve price was RM135 million at the time, according to a notice in a local newspaper last year. Daat Island has a 999-year lease (expiring on 31 December 2853). The island's title deed was first issued to John Gavaron Treacher and Clarence Cooper in 1856 by George Warren Edwardes, the then Governor of Labuan (1856-1861), on behalf of Queen Victoria. A development plan for an RM3 billion integrated petroleum complex for gas storage, fabrication farm, container yard, refinery, commercial, housing, and a hotel was approved in 2011, off Daat Island. The Federal Territories Ministry, through its agency, Labuan Corp, was looking into turning Daat Island into an oil and gas hub in order to boost the island's economy. The Daat Island project, a collaboration between Sabah-based RG Gas and Chemical and China-owned Zhuhai Winbase International Chemical Tank Terminal Co Ltd, was expected to support 3,000 construction jobs. The plan was scrapped, however, because Daat Island is said to be surrounded by shallow and muddy water, rendering it unsuitable for the oil and gas industry. In 2019, it was reported that a neighbouring country's sovereign wealth fund had presented Labuan Corp with a RM12 billion proposal, a prospect that will single-handedly boost Labuan's economy. Back then, a senior official of Labuan Corp told the New Straits Times that the proposal included plans to build a new multi-cargo port and a bridge connecting Labuan and Sabah, both of which would cost between RM4 billion and RM5 billion, as well as to develop Daat Island for tourism. He said that the RM12 billion is a long-term investment and the sovereign fund is a serious investor. Since the announcement, there have been no further developments. 1 1 Link to comment Share on other sites More sharing options...
XianGe Posted May 23, 2022 Share Posted May 23, 2022 Tiongland will buy it then build fortress then claim the water around it is theirs 3 Link to comment Share on other sites More sharing options...
The_King Posted May 23, 2022 Author Share Posted May 23, 2022 12 minutes ago, XianGe said: Tiongland will buy it then build fortress then claim the water around it is theirs No need to buy, just loan them money 3 Link to comment Share on other sites More sharing options...
Huat Zai Posted May 23, 2022 Share Posted May 23, 2022 1 hour ago, The_King said: Daat Island is said to be surrounded by shallow and muddy water, 20 minutes ago, XianGe said: Tiongland will buy it then build fortress then claim the water around it is theirs Cannot build navy base with mud and shallow water, will be damn hard to defend. Plus the area is pirate country, if they are silly enough to build one, they will be in for a lot of pain. 2 Link to comment Share on other sites More sharing options...
XianGe Posted May 23, 2022 Share Posted May 23, 2022 (edited) 22 minutes ago, Huat Zai said: Cannot build navy base with mud and shallow water, will be damn hard to defend. Plus the area is pirate country, if they are silly enough to build one, they will be in for a lot of pain. Don't underestimate them. Maybe they will dump all the dead cv19 bodies to make lands... They will reclaim land all the way to HK and claim Borneo island is theirs... Then offer BRI to east Malaysia... Edited May 23, 2022 by XianGe 3 Link to comment Share on other sites More sharing options...
XianGe Posted May 23, 2022 Share Posted May 23, 2022 31 minutes ago, The_King said: No need to buy, just loan them money Best trap... 3 Link to comment Share on other sites More sharing options...
The_King Posted May 23, 2022 Author Share Posted May 23, 2022 27 minutes ago, Huat Zai said: Cannot build navy base with mud and shallow water, will be damn hard to defend. Plus the area is pirate country, if they are silly enough to build one, they will be in for a lot of pain. Simple, use it as nuclear dumping land or treat it as a landfill for toxic waste 2 1 Link to comment Share on other sites More sharing options...
Satki Posted May 23, 2022 Share Posted May 23, 2022 (edited) can buy but need to hire an army to fight the Philippines terrorists Hey PAP - buy it and make a holiday resort for us Edited May 23, 2022 by Satki fact check 2 Helping a friend to gain more subscribers. He is quite a talented music creator. Look for "Thee Influence" in Youtube Link to comment Share on other sites More sharing options...
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