Guan Eng's house price agreed in 2014, seller says

  • Nation
  • Tuesday, 22 Mar 2016

GEORGE TOWN: The selling price of Penang Chief Minister Lim Guan Eng's bungalow was agreed upon by both parties in 2014, the seller Phang Li Koon, said in a statutory declaration.

Phang said the price of RM2.8mil was agreed upon in an agreement dated June 23 2014.

Phang's statutory declaration was read out by state executive councillor Phee Boon Poh at a press conference in Komtar on Tuesday.

"I did not survey the market when I decided to sell the house to CM in 2015 because I didn't think it was necessary, since there was already an understanding pursuant to the June agreement," Phang, who was not present at the press conference, said in the SD.

Phang also said that she is not a director or shareholder of the KLIDC company which won the bid for the Taman Manggis land under an open tender.

Phang has been alleged by certain quarters to be linked to KLIDC.

"I am also not involved in the management of the company," she said.

When asked why he was reading the SD, Phee said he was a distant relative of Phang and an adviser to the Phang Association.

The bungalow on Pinhorn Road became controversial after Tasek Gelugor MP Datuk Shabudin Yahaya told Parliament last week that the price was undervalued.

Shabudin claimed that the bangalow, on 10,161 sq ft (943.98 sq metres) of land, was bought by Lim on Oct 25 last year for RM2.8mil, when the market value of the property was between RM6mil and RM6.5mil.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Nation

Woman loses RM53,000 in phone scam in Penang
Elderly woman, who is Covid-19 person under surveillance, found dead in ditch
Covid-19: Another 13,104 cases, 1.5% in categories 3, 4 and 5
EMCO at two localities in Pahang from Tuesday (Sept 28)
Penang cops nab trio to assist in murder probe
Teachers who refuse Covid-19 vaccines may be transferred, says Education Minister
Focus on business-friendly policies and not bumiputra equity requirement, Finance Ministry urged
Govt to announce terms and conditions for Tabung Haji RCI soon
Boy dies after tree falls on him while swimming at Sg Serendah
Socso paid RM11.19mil in compensation to those infected with Covid-19 at workplaces

Stories You'll Enjoy