Source: LSS Report
Size Comparison of Forest City vs Melaka Gateway vs Penang PTMP South Island reclamation projects
All three projects are reclamation projects. All three projects have elements of China funding with local participation.
Both the Melaka Gateway and the Forest City projects have been heavily attacked by Pakatan over China funding and how big they were and who are going to stay in the large number of new being built there.
Here are the facts about the size:
- Forest City – 3,425 acres
- Penang South Island reclamation – 4,500 acres
- Melaka Gateway – 608 acres
So, who is going to buy and stay in the Penang PTMP south Islands that will be reclaimed?
What happens if there are not enough buyers? How then to repay the massive billion ringgit loans taken?
It is 31% bigger size area than even Forest City which has a much bigger captive population market – being in between Johor and Singapore.
We are waiting for Tun Mahathir to attack Lim Guan Eng for this project too.
Proof of land reclamation project size