FOR ECER
Client
East Coast Economic Region Development Council (ECERDC)
Products & Services
- Business Strategy
- Implementation
Description of Project
Client
East Coast Economic Region (ECER) is a 1998 economic development corridor in Malaysia based on the east coast of Peninsular Malaysia – which covers states of Kelantan, Terengganu, Pahang and the north of Mersing district of Johor.
Background
The ECER initiative will span till 2020. The master planner for ECER is Malaysia-owned oil and gas company, Petronas.
There are a huge volume of Malay reserve lands situated in the East Coast of Malaysia. These land were mostly idle and not being leverage to generate economic value.
Challenges & Expectations
To better monetize the reserve land and create socio-economic benefits to the population in ECER, the client would like to explore the possibility of setting up a real-estate thrust for the land development activities using Malay Reserve Land in the East Coast.
Our Role on the Project
Scope of Services
We were being appointed to undertake a study with solicitors on board and property consultants in relation to the establishment of a real estate trust for Malay Reserve Land developments in the East Coast.
Solutions / Outcomes Delivered
- Setting up a corporation trust vehicle to develop the said MRL lands.
- Providing a cash plus premium model with guaranteed dividends to landowners.
- Providing upside sharing arrangements to land owners.
- Addressing local land laws and rights of the Rakyat.
- Presentations for Prime Minister and Federal and State Government.
