Gerakan tells DAP to reveal the pre-war properties sold to foreigners

 |Sep 8, 2016
Not only that, Loh said, also currently more than two companies had been on a purchasing spree in the heritage area, and most of the properties were being sold to Australian and Singaporean companies.
Not only that, Loh said, also currently more than two companies had been on a purchasing spree in the heritage area, and most of the properties were being sold to Australian and Singaporean companies.

Gerakan has urged the DAP-led Penang government to reveal the actual number of foreigners who had purchased pre-war properties in the George Town heritage enclave.

Penang Gerakan Youth assistant secretary, Loh Kit Mun said that based on his research, there were more than 18 pre-war houses sold to foreigners.

“Based on the World Class Land company’s annual report 2015, they had purchased more than 18 pre-war houses,” he said at a press conference, here, today.

According to the annual report, several of the properties were purchased using a local Sdn Bhd (private limited) company.

Not only that, Loh said, also currently more than two companies had been on a purchasing spree in the heritage area, and most of the properties were being sold to Australian and Singaporean companies.

Loh urged the state government to open the corporate veil and explain in detail how many properties had been purchased by foreigners and their intention in buying these properties.

“The state government must walk the talk in being transparent as the public has the right to know,” he said.

Loh also questioned the statement by state executive councillor for Housing and Town and Country Planning, Jagdeep Singh Deo as to why the state was unable to interfere in the matter.

“Is the statement by Jagdeep an official reply on behalf of the state government and who is also a policy-maker? If he is in the opposition, we can understand that he has no power, but now he is a lawmaker who can make decisions,” he said.

Source: Bernama