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89 replies to this topic | 35 praises

#1

Posted 04 December 2012 - 10:26 AM

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Singaporean Peter Lim to build RM3b Johor race track
Reports have emerged from across the Causeway that Singaporean billionaire Peter Lim is into a RM3 billion (S$1.2 billion) race track project in Johorís Iskandar region. The car enthusiast tycoon will partner the Johor royal family and Malaysian state investment firm Khazanah Nasional in the circuit project.

Singapore daily The Straits Times says that the 100-hectare site is just 10 to 15 minutes from the Second Link. Said to be situated to the left of a rest stop after the Malaysian checkpoint, the proposed 4 to 4.5km race track will be able to host GT, go-kart and motorcycle races.

To be certified by FIA, the track will be able to host all kinds of racing outside of single-seat class races. Sources say that ďMotorsports CityĒ will be ready in 2015 or 2016.

Well-known duo Hermann Tilke and Clive Bowen have been named as possible designers of the track, which will feature a 1.2 to 1.5 km stretch where cars can top out at 300 km/h, among other things.

The proposed project will also boast resort homes, a car museum, an advanced driving school, workshops, a warehouse and a go-kart factory. A bonded area will provide the rich a place to store their tax-free cars, including left-hand drive models. Sources from Khazanah say that the project is still in the discussion stage.

We reckon that this proposed race track wonít lack business due to its close proximity to Singapore. There are plenty of supercars residing in the island state unable to stretch their legs, and many of them are brought all the way to Sepang for the occssional exercise. A track at their doorstep with good and well-maintained facilities should be a popular playground for the rich. It would be a good location for car launches, too.

The name sounds familiar? Peter Lim, 59, is the eighth richest man in Singapore according to Forbes, has a stake in McLaren and sits on the board of the British supercar maker and F1 contender.
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#2

Posted 04 December 2012 - 10:29 AM

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looks like nusajaya is shaping up to be the new playground for the rich.

#3

Posted 04 December 2012 - 10:36 AM

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Consider me cautiously optimistic. The long straight sounds abit off considering the total proposed length of the track, but i guess they want to let the big boys stretch their legs. I'd love to see a proper drag strip incorporated into the complex.
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#4

Posted 04 December 2012 - 10:43 AM

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Having a bonded area is also very clever - will make a big draw for those that are more serious.

And only 15 minutes from Second Link is very attractive, the driving school should do good business.

All around quite exciting - but doesn't make good news for our own local track. Mind you, on the other hand, if add up Pasir Gudang, Sepang, Local and the new track - four tracks would be enough for a single make series to have a pretty decent go of it as well, so it may well be a "strength in numbers" type thing, with critical mass building...

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#5

Posted 04 December 2012 - 10:45 AM

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Our local track is dead in the water and i don't have any hope anything coming out of it.
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#6

Posted 04 December 2012 - 10:47 AM

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Consider me cautiously optimistic. The long straight sounds abit off considering the total proposed length of the track, but i guess they want to let the big boys stretch their legs. I'd love to see a proper drag strip incorporated into the complex.


This project sure will work well given involvement from Sultan . What happen to the one at Changi , go belly up already ? huh.gif

#7

Posted 04 December 2012 - 10:50 AM

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Our local track is dead in the water and i don't have any hope anything coming out of it.



perhaps good riddance too. wif a billionaire investor + johor sultan behind the project + larger land + no ssc red tape, reckon this would be a much better project.

#8

Posted 04 December 2012 - 10:51 AM

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This project sure will work well given involvement from Sultan . What happen to the one at Changi , go belly up already ? huh.gif


Nobody has SGD$370million on hand to build the track at Changi. sad.gif

#9

Posted 04 December 2012 - 10:52 AM

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What happen to the one at Changi , go belly up already ? huh.gif


Gahment dun wanna come up with any money,
bery tough...

#10

Posted 04 December 2012 - 10:53 AM

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perhaps good riddance too. wif a billionaire investor + johor sultan behind the project + larger land + no ssc red tape, reckon this would be a much better project.


To me, the need to turn a profit is what has been the biggest killer for the local track - the financial part has been a nightmare in land expensive Singapore.

As mentioned, you also have to wonder about how much red-tape has come from the government making the local track weildy and cumbersome. I wonder also if it was too ambitious. Rather than starting slow and letting it grow, perhaps they tried to do too much all at once.

Behold the tortoise! He only makes progress when he sticks his neck out.
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#11

Posted 04 December 2012 - 11:09 AM

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Gahment dun wanna come up with any money,
bery tough...


I think they better give up that project , built Condo / Shopping Mall instead , which they are good at . For race track , this one in JB will kill them anyway .

#12

Posted 04 December 2012 - 11:09 AM

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the local track really failed big time. Gahmen try to chup, say must have this, must have that, but dun wanto help fund... end up big failz...
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#13

Posted 04 December 2012 - 11:10 AM

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Say goodbye to Singapore F1 night race once the contract ends.
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#14

Posted 04 December 2012 - 11:12 AM

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Nobody has SGD$370million on hand to build the track at Changi. sad.gif


KNN , 370M cant even host YOG for 1 week , how to built race track to complete with JB Sultan ? They are clever not to proceed. tongue.gif

#15

Posted 04 December 2012 - 11:16 AM

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KNN , 370M cant even host YOG for 1 week , how to built race track to complete with JB Sultan ? They are clever not to proceed. tongue.gif


But this one, Vivian not IC mah... he IC then need 37Billion. Due to daily inflation, weekly overall inflation, fortnightly temporal adjustments, monthly budgeting exercises etc.

#16

Posted 04 December 2012 - 11:18 AM

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Can consider set up Ramlee burger stall at the PIT garage.

What..? Rich people also eat Ramlee burger mah.
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#17

Posted 04 December 2012 - 11:21 AM

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Can consider set up Ramlee burger stall at the PIT garage.

What..? Rich people also eat Ramlee burger mah.



yeah, bring on the ramlee burger super special - made up of minced roadkill from the track. laugh.gif laugh.gif

#18

Posted 04 December 2012 - 11:23 AM

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Yeah, i'm sure they'll find some nice, profitable use for that land at changi.
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#19

Posted 04 December 2012 - 11:24 AM

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make dormitory for SMRT driver lo
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#20

Posted 04 December 2012 - 11:28 AM

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That's great news. Enthusaist, provided if have the $ can purchase purpose built track cars to store in bolen land.
1992&94 Cagive Mito,1995 Aprilia RS125,1997 Aprilia RS250 (Past)
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