Sale by Tender

Corporate Information

FIRST PACIFIC incepted in 1993, is the vanguard of an amalgamated entity to provide clients with complete property services. It is a firm of Registered Valuers, Real Estate Agents, Projects Managers and Property Consultants with the Board of Valuers, Appraisers and Estate Agents, Malaysia.

First Pacific grew from humble beginnings to group strength of 4 property-related service companies to meet clients’ needs; from valuation to projects marketing and consultancy, to commercial agency services.

Led by both Sr Haji Mohamad Sarip Saleh and Sr PL Lee, the company has extensive combined industry experiences and exposures of over 50 years in the real estate market with overseas as well as local real estates, valuation, estate agency, auctions, property consultancy, and property and project management.

From the period between 2004 and 2007, the Valuation Division has undertaken valuation exercise well over MR2.0 billion worth of properties while the Real Estate Agency achieved properties sales worth close to MR100 million within the Klang Valley alone in 2004.

Our consultancy assignments include the valuation of landmark property such as the near-completed Cygal Hotel along the Federal Highway, marketability study of the new A-Class office buildings in the Golden Triangle, and valuation of 3 blocks of high-rise office buildings and service apartments by YNH Property Berhad along Jalan Sultan Ismail and Jalan Perak.

The company has sold by Tender exercise, a Puchong Industrial land measuring 14.3 acres , worth MR16 million, and a double storey detached house with 13,727 square feet of land in Damansara Heights with potential for commercial usage for MR3.3 million as well as 215,000 square feet factory building located in Bandar Baru Bangi Industrial Estate for MR15 million.

The company has just recently successfully sold via Sale by Tender Exercise, three (3) parcels of prime development lands within the Mont’ Kiara locality.

At the invitation of Danaharta, we joined their scheme to sell by tender exercise of commercial and residential properties in 2002.

For exceeding expectations under that scheme, we received the Best Performance Award from Danaharta in 2004 for achieving the most successful sales close to MR100m in the Overall Tender Exercise under the Private Treaty Sales category from amongst more than 300 reputable participating firms.

In our commercial and professional endeavours, we have taken out adequate indemnity insurance covers for all our undertakings.

Our professional indemnity insurance cover for MR2 million is with Hong Leong Assurance, a copy of this cover is enclosed.