Penang CM explains land sale

Complicated deal: The 226.2ha parcel of prime industrial land near the former Byram estate that was sold by PDC to be developed into an industrial park. — TheStar graphics

GEORGE TOWN: Chow Kon Yeow has defended the sale of the Penang Development Corporation (PDC) land in southern Seberang Prai, saying that due diligence was followed and the price was based on the existing condition.

The Penang Chief Minister said that the price paid by UMECH Construction Sdn Bhd (UMECH) should not be compared to the price of industrial land that has been fully filled and equipped with infrastructure.