MALAYSIA Tanah Tumpah Darahku


Sunday, June 29, 2014

'BN sold 35 times more land for less money'

MP SPEAKS For those who claim that the Penang state government is relying solely on selling off all state land in Penang to generate revenue, this is untrue as BN has sold 35 times more land than Pakatan and yet received less money.

This issue has been explained many times even before the 2013 general elections but the BN-controlled mass media has never published our replies, allowing irresponsible BN leaders to regurgitate their lies serially every year.

Fortunately the people of Penang can distinguish truth from lies and accept the fact that BN has sold at least 3,661 acres of land for RM1.0586 billion as compared to Pakatan selling only 106.1 acres for a higher return of RM1.1102 billion.

BN sold 3,661 acres of land but even though BN sold 35 times more land than Pakatan’s 106.1 acres, Pakatan got more money because Pakatan’s land sales were conducted by open competitive tender.

This fact of Pakatan conducting open competitive tender was one of the reasons why Pakatan was returned with the largest mandate in Penang’s history with 68 percent of the popular vote in the 2013 general election.

From the sale of 106 acres by open tender generating RM1.102 billion, the Penang Pakatan state government has allocated RM500 million to the Public and Affordable Housing Scheme (PAHS) Fund to build over 20,000 units of affordable housing throughout the five districts of Penang.

Following S'pore housing model

This RM500 million PAHS Fund is the largest allocated by any state government in Malaysia, and the state government is willing to increase the allocation where necessary.

Some of the public housing is being designed by Singapore government’s Housing Development Board (HDB) so that the poor can also enjoy quality living.

Penang is also the first pioneer in Shared Ownership Scheme (SOS) to help the poor who cannot get 100 percent bank loans to buy their houses, through the state government giving them 30 percent of the purchase price as interest-free loans.

At the same time, the state government has also purchased flats for rental-purchase in Seberang Perai Selatan.

Again it is untrue that Pakatan is not building houses for the poor.

Comparisons between BN and Pakatan land sales in Penang:


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