Rafizi Ramli (PKR), Tony Pua and Liew Chin Tong of DAP never question the two agreements made by Penang Chief Minister, Lim Guan Eng, a few months ago to sell a land to a Singaporean company but all three of them slammed 1MDB for selling 24% of the project Bandar Malaysia to a Chinese company. Malaysia still owned 76% from Bandar Malaysia project of which 57% still owned by both Federal Government and State Government of Johor.
Back in May 2015, Penang state government sold 100% of 20 acres of state land worth RM30 million to Jabil Circuit Singapore Pte Ltd - an American owned company. Then in July 2015, the Penang state government again give 49% ownership of the 6.8 acres of land worth RM11.3 billion to Temasek Holding and EDIS - fully owned by the Singapore Government. Both projects consists 100% and 49% ownership by Singaporean, but none of this projects called or labelled as "selling the country" but being labelled as a foreign investment. A crystal clear double standard played by the opposition's master propaganda trio's when 24% of Bandar Malaysia sold to the Chinese company considered as "selling the country" and not a foreign investment.
Bandar Malaysia was signed through an international open tender managed by a third party. Why would it matter as propagated by these 3 propagandists? How about the selling of the two land deal to a Singaporean company was made through an open tender?
It is not a strange thing happened after all in the administration of DAP in Penang since they start ruling Penang in 2008 and a shocking truth that now the size of state government land only left 8% from the total land in Penang. Within five years, the Penang state government has sold 33% of the state government land and seems like a desperate move by Lim Guan Eng.
Let's take a look on the list of land been sold by the Penang state government from 2011 to 2014 excluding a list of state lands that been sold from 2008 to 2011. In 2011, an area consists of 102 acres of land in Bayan Mutiara been sold to Ivory Properties at RM1.07 billion. In 2013 , an area consists of 110 acres of land in Gurney Drive been sold to the Consortium Zenith BUCG for Penang Tunnel project worth RM6.3 million. A very unique land deal worth RM6.3 billion but did not involving any cash transactions. An area consists of 40 acres of land in Batu Kawan was sold to PE Land in the same year. In 2014, an area of 245 acres of land in Batu Kawan was sold to Aspen Vision whom holding 49% stakes in Ivory Properties.
Another 30 acres of land in Batu Kawan sold to Paramount Group worth RM57 million. Another 470 acres land in Batu Kawan were sold to Eco World worth RM1.02 billion. 49% of the 198 acres of land in Batu Kawan and 6.67 acres of land in Bayan Lepas sold to Singapore's Temasek without involving any cash payments
Penang land's worth billions of ringgit being sold from 2008 to 2012, but it is so strange that Penang only recorded growth of around 3.85% (comparable with the Federal Government bond rate) through cash savings of RM1.02 billion Penang just to reach RM1.192 billion.
I wonder, why nobody said anything about it. Where were all the whistle blowers, propagandist and those who appeared themself as Saint to fight evil.......I guess they all were just a devil in disguise.