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Chief Minister: Bid was done on time

Property News/ 21 February 2012 Comments off

GEORGE TOWN: Penang Chief Minister Lim Guan Eng has refuted claims that Ivory Properties Group Berhad – the winning bidder for the purchase of a 41.5ha plot of land in Bayan Mutiara – had submitted its tender proposal after the close of the bidding period.

Lim said the company’s proposal was given before the Dec 31, 2010 deadline and not in March, as has been alleged.

“(Penang Umno chief Datuk) Zainal Abidin (Osman) and (Kota Belud MP Datuk) Abdul Rahman (Dahlan) are again lying and we all know who are the ones who should retire from politics,” Lim said.

Lim had previously offered to retire from politics if it could be proven that the Bayan Mutiara land sale was not done via open tender.

On Saturday, Zainal Abidin had said that Ivory Properties Group only sent its bid to the Penang Development Corporation (PDC) on March 3 last year.

He said this information came from a document sent by the company to the Kuala Lumpur Stock Exchange on Nov 11 last year.

Asked for details about the bids, Lim said he had not been furnished with the documents but would disclose the information soon.

PDC general manager Datuk Rosli Jaafar said there had been four bidders for the Bayan Mutiara land.

Ivory Properties Group chairman and group CEO Datuk Low Eng Hock said the company had submitted its bid on Dec 31, 2010 before the noon deadline.

On another matter, Lim said a second debate between himself and MCA president Datuk Seri Dr Chua Soi Lek should be televised.

The first showdown between the two leaders was held in Mandarin on Saturday and was telecast live from Berjaya Times Square on two Astro channels.

Lim also accused the mainstream media of “whitewashing” personal attacks made against him during the debate.

He also refuted a news commentary that he (Lim) wanted a second debate to “repair the damage” from the first debate.

“I wrote to the debate’s co-organiser, Asli (Asian Strategy and Lea­dership Institute), on Feb 15 asking for a second debate,” Lim said.

Source: The Star

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RM16mil road widening project to be completed by June

Property News/ 20 February 2012 No comments

The long wait for the completion of a 1.3km-long road widening project between Federal Route One in Simpang Ampat and the traffic lights near the North-South Expressway’s (NSE) toll plaza at Batu Kawan, Penang, will be over soon.

Chief Minister Lim Guan Eng said the Public Works Department (PWD) was confident of completing the RM16mil Federal Government project by June.

He said the project, which began in June 2008, was originally scheduled for completion by December 2010.

He said although the PWD later extended the completion date to September last year, it still could not meet the deadline.

“The PWD said the delay was not caused by the project contractor but by PLUS, which delayed in giving its consent for the contractor to build a 70m-long bridge over the NSE alignment there.

“PLUS only gave the green light last December and so, JKR is now confident of completing the project by June,” he said after checking on the bridge’s construction on Thursday.

Also present was Penang JKR deputy director Mohd Hassan Harun and Bukit Tambun assemblyman Law Choo Kiang.

Lim said many residents had complained of bottle necks, especially near the mini roundabout outside the NSE’s Bukit Tambun toll plaza due to the project’s delay.

He said the project involved widening the two-lane stretch to four lanes.

Source: The Star

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Group says it bought land via open tender

Property News/ 19 February 2012 Comments off

GEORGE TOWN: Ivory Properties Group Berhad (IPGB) has clarified that it won the bidding for the sale of the 41.5ha land in Bayan Mutiara through open tender.

Its chairman and group CEO Datuk Low Eng Hock said the company had participated in the tender called by the Penang Government, which closed on Dec 31, 2010.

It emerged successful in its bid at the price of RM240 per sq ft or RM1.072bil.

He said the state government, in awarding the tender to IPGB as the highest bidder, imposed an additional requirement of reducing the term of payment from the original eight to five years.

“This was agreed to by IPGB and all necessary announcements were lodged with Bursa Malaysia. The group had paid the deposit of RM22.1mil.

“The remainder will be paid according to the scheduled progress payment after IPGB’s shareholders’ approval at the extraordinary general meeting scheduled on March 5,” Low said in a press statement yesterday.

A controversy had erupted when Barisan Nasional Back-benchers Club vice-chairman Datuk Abdul Rahman Dahlan tweeted recently that the “super-prime land” had been sold for “pittance”, adding that the price was negotiated.

The RM240 per sq ft price tag was a lot cheaper than surrounding land which he claimed was priced at RM420 per sq ft.

On Friday, Chief Minister Lim Guan Eng challenged Penang Umno chiefDatuk Zainal Abidin Osman and Abdul Rahman to retire from politics if they could not prove that the deal was not done through open tender.

Lim also offered to retire from politics if there is proof that the sale was not made through open tender.

Zainal Abidin later produced a document which he claimed otherwise.

Yesterday, Lim said he would explain the issue tomorrow with documents.

“We will see who will have to retire from politics,” he said after opening the True Moderation’ conference at a hotel here.

Source: The Star

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Penang BN chief: I have proof land sale was not via open tender

Property News/ 18 February 2012 Comments off

GEORGE TOWN: Penang Barisan Nasional chief Datuk Zainal Abidin Osman has produced a document which he claims proves that the Bayan Mutiara land sale was not done via open tender.

He has asked Chief Minister Lim Guan Eng to keep his word and retire from politics.

At a press conference yesterday, Lim had offered to retire from politics if it could be proven that the Bayan Mutiara land sale was not done via open tender.

He had challenged Zainal Abidin and Kota Belud MP Datuk Abdul Rahman Dahlan to retreat from politics if they could not prove that the sale of the land was not done through open tender.

Zainal Abidin produced the document, which was an announcement by Ivory Properties Group Berhad to the Kuala Lumpur Stock Exchange on Nov 11 last year, at a press conference at Menara Umno here.

“On the Penang Development Corporation (PDC) website, it is stated that the closing date for the open tender of the Bayan Mutiara project was Dec 31, 2010.

“However, it is clearly stated in this document that Ivory only submitted an application to the PDC to buy and develop the land on March 3, 2011,” he said.

“Until today, the Chief Minister has not revealed how many had entered for the open tender, who evaluated the open tender, who is in the tender committee, and what is the tender process,” he said.

Abdul Rahman said Lim should reply to the questions and not resort to political mud-slinging.

“Lim must understand that it’s not just about the price but because of the documents Ivory submitted to Bursa Malaysia that stated the price of the land was derived after negotiations between the company, CMI (Chief Minister Incorporated) and PDC, which contradicts his claim that it was done via open tender,” he said.

Meanwhile, Deputy Finance Minister Datuk Donald Lim said Guan Eng should not use a valuation by the Finance Ministry in 2009 as an excuse in the controversial sale of the land.

“He must get a new valuation for the year the land is sold,” he said.

On Wednesday, Guan Eng had said that the RM200 per sq ft reserve price for the land was much higher than the value set by the ministry’s Valuation and Services Department Department in November 2009, which he claimed had put the price as “not even worth RM150.”

SOURCE: The Star

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Batu Kawan to rival Bayan Lepas

Property News/ 17 February 2012 No comments

BUTTERWORTH: Batu Kawan, once a rural swampland of oil palm estates, is set to become the next Bayan Lepas, Chief Minister Lim Guan Eng said.

He said three major investments from Robert Bosch, Boon Siew Honda and VAT Manufacturing Malaysia totalling about RM10bil in Batu Kawan would have spillover effects on different sectors, including thousands of jobs for those living in the area.

“At the same time, Batu Kawan will also have the country’s first integrated, streamlined and symmetrically designed affordable housing scheme.

“We have engaged the world’s best in this field, Surbana International Consultants — the privatised building and development division of Singapore’s Housing and Development Board (HDB),” he said before performing the ground breaking for the RM2.7bil Bandar Cassia Affordable Housing Scheme yesterday.

On the state’s choice of the consultancy firm, Lim said the state’s investment arm Penang Development Corporation (PDC) did not want to copy or model its affordable houses after some of the world’s best designs but to appoint the best in the industry to help with the planning.

Lim reiterated that the housing project, which would be given out to local contractors via an open tender, would be ideal for the middle-income earners.

“We do not want our middle-income earners to live in boxes. That is why proper planning is vital so that they can live with pride and enjoy quality living through this scheme.

“This eco-friendly designed project, on an 80ha plot of land, will have about 12,000 medium-cost housing units, three football fields, a man-made river and recreation parks,” he said.

Lim said the freehold units, ranging from 800sq ft to 1,000sq ft, would be housed in high-rise buildings of between nine and 16 storeys. The units are priced at between RM72,500 and RM220,000 each with a free car parking lot.

He said Surbana was committed to oversee the project’s progress throughout the scheduled 10-year development period over five phases with the Phase 1 expected to be ready by 2014.

“The state government will undertake the maintenance and management of these housing units once completed.”

He said the various projects would ‘create’ a population of about 250,000 residents.

Source: The Star

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