PKR HQ premises to go under the hammer

The building that houses the PKR headquarters will be put up for auction tomorrow, leaving the party's (physical) future in doubt.

Meanwhile, Malaysian Insider reports:

PKR mulls bid for HQ in auction tomorrow

By Shazwan Mustafa Kamal

June 08, 2011

Saifuddin said the price asked for the buildings was “very high”. — file pic

KUALA LUMPUR, June 8 — PKR is considering a bid for its party headquarters, which will go under the hammer tomorrow after the landlord defaulted on the property loan.

Secretary-general Saifuddin Nasution told The Malaysian Insider that the matter would be decided during the party’s political bureau meeting tonight.

“We are supposed to decide on the matter tonight, it will be brought by William Leong and (Tan Sri) Khalid (Ibrahim), that is one of our options,” said Saifuddin.

The Machang MP said, however, that this depended on the price of the building. PKR is now renting the two five-storey units in Tropicana at RM20,000 a month.

“But the quoted price is very high, RM6.1 million. If we do not bid, we will look for another place in Petaling Jaya. Another option is to make sure that the new buyer honours the current contract between us and the landlord,” he added.

Leong, the party’s treasurer, said the auction will be held at the auctioneer’s office in Brickfields tomorrow afternoon.

“We have got a figure of what we think we are prepared to pay, so we’ll see how it goes,” Leong told The Malaysian Insider.

The bids for the two units will begin at RM460,000 and RM1 million individually.