SINGAPORE (Aug 13): Sovereign wealth fund Khazanah Nasional’s leisure and tourism arm, Themed Attractions Resorts & Hotels (TARH), is selling six sea-fronting parcels of land in Desaru Coast in Desaru, Johor. The parcels, with a combined area of 55 acres, are for the development of premium guest accommodation.

Potential investors of the parcels, which are between 4.6 and 11.58 acres, are required to build accommodation that is four-star and above and deliver it within three years.

“The six pieces of land are part and parcel of the master plan to develop Desaru Coast by adding more keys to the destination. But not all the keys should be owned and driven by TARH. That is why we are seeking expressions of interest (EOIs) from the market,” says TARH group CEO Amir Hamzah Azizan when asked to comment on an advertisement inviting bids for land in Desaru Coast that was spotted by The Edge Malaysia.

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