
PENANG, Nov 22 — Penang profited RM8.2 million when it converted 1.4 hectares of land for the PDC Heritage Hotel (PHH) joint-venture project from leasehold to freehold, Chief Minister Lim Guan Eng said amid swirling controversy over the Pakatan Rakyat government's land policy.
Lim said the revenue came from RM6.32 million for conversion to freehold and another RM1.89 million as additional premium to change conditions for the prime land at the heritage buffer zone. The chief minister yesterday declassified minutes of meetings by the state exco, state land committee and the Penang Development Corporation (PDC) over the piece of land.





