Suee Lim now says 'cheap land' is worth RM300mil

Sekinchan assemblyperson Ng Suee Lim has revised the market value of the land supposedly sold cheaply to BN, from RM20 million to RM300 million. 

He originally claimed that the 33.5 acres in Selangor were sold at RM1 per square feet, or about RM1.4 million, to BN component parties between 1999 to 2008, although it is worth RM20 million on the market. 

"Allow me to make a correction here. A few days ago, I estimated that the Sapu Tanah (Land Grab) 1Malaysia scandal at RM20 million.

"But after I studied this and in view of the market value of between RM300 to RM400 per square foot, even if the minimum is RM200 per square foot, the value comes to at least RM300 million" he said in the state assembly today.

Meanwhile, Menteri Besar Khalid Ibrahim responded to Ng that the matter would be looked into. 

“I suggest that we study the land ownership issue and come up with a working paper (detailing) what can be done,” he said during the debates. 

[More to follow]