Posted: 07 Apr 2011 12:43 AM PDT
This handout on the Batu Kawan deal was passed to me by a journalist. I think it is of public interest, so I am reproducing it here.
PDC has just renegotiated the 750-acre Batu Kawan land deal with Abad Naluri under the original principal agreement, which was signed in 2004, which should be seen together with the Penang Global City Centre project.
This vast stretch of Batu Kawan land, sold very cheaply to Abad Naluri in 2004, lies just next to the second Penang bridge site on the mainland and is now prime land. Read through the new terms below and share what you think.
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