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More Tokong than Tokong
The initial sale price of the Taman Manggis state land along the main road in the year 2010 was RM11.6 million or RM269 psf – believed to be already below market value then.
At RM269psf, this commercial land along main road and facing the Tune Hotel is even slightly cheaper than LGE’s underpriced banglo without swimming pool.
The land was sold to the boss of over 20 years of Miss Phang Li Koon, who is charged together with Lim Guan Eng in the underpirced Bungalow corruption scandal.
At RM500 psf, the Taman Manggis land would be worth RM21.5 million.
At RM860 psf, which is the price of the first piece of state land given to the tunnel contractors for their dodgy feasibility studies, this land is worth RM37 million.
At RM1,000 psf, the land would be worth RM43 million
I wonder why Penang Govt had never cancelled the initial concession agreement and taken back the land?
Perhaps Penang Govt no longer wants to build a modern “Medical Tourism Facility that will bring jobs and tourists to Penang” but wants to grow grass instead?
From the two pictures, I must say that the Penang Govt has done a great job of growing the grass as it looks so green and subur now.
Note: the right-hand picture of the land were just taken hours ago.
Lim Guan Eng says he WILL DEFEND TO HIS DEATH the right for you to table a Hudud motion and that “We respect Democracy”.
That was last time.
Today, DAP tried all sorts of ways to stop the RUU355 from being tabled in Parliament. And when he had failed, he says BN component parties must bear full responsibility for RUU355 being tabled in Parliament.
How more two-faced can you get?