<p><span class="s2"><span class="bumpedFont15">Well located development site </span></span><span class="s2"><span class="bumpedFont15">about 10 miles from George Town and a few miles from the 67 acre Mandarin Oriental development site, which starts construction this year.  </span></span><span class="s2"><span class="bumpedFont15">I</span></span><span class="s2"><span class="bumpedFont15">nitial site works ha</span></span><span class="s2"><span class="bumpedFont15">ve</span></span><span class="s2"><span class="bumpedFont15"> commenced on this property and improvements, such as fill and other infrastructure have been made providing additional value.</span></span><span class="s2"><span class="bumpedFont15">  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 </span></span><span class="s2"><span class="bumpedFont15">Arterial</span></span> <span class="s2"><span class="bumpedFont15">road </span></span><span class="s2"><span class="bumpedFont15">improving access nearby</span></span><span class="s2"><span class="bumpedFont15">, 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.</span></span><span class="s2"><span class="bumpedFont15">  This site is definitely a good investment </span></span><span class="s2"><span class="bumpedFont15">to develop or just land bank</span></span><span class="s2"><span class="bumpedFont15">!</span></span></p>