KOTA KINABALU: Pulau Daat, an island about 587 acres in size and located halfway between Menumbok and Labuan, is up for a public auction at 11am, on May 27, according to a report.
The bid starts at RM121,500,000 and it will be sold on an ‘as is where is' basis.
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The island, currently owned by Potensi Bernas Sdn Bhd, has a leasehold of 999 years (expiring on Dec 31, 2853).
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It was also previously reported in 2020, that the island was approved for oil and gas storage at least twice but has been abandoned time and time again.
