Penang Turf Club land (240 acres)
Sold to Abad Naluri ("open recreational space"): RM43 per square foot
After re-zoning (to "mixed development"): value soars to RM250-300psf
Developer makes windfall profits before work can even begin!
Aliran puts the spotlight on an iconic monument to folly known as the Penang Global City Centre Project with an eye-popping development value estimated at RM25 billion. Critics have dubbed it the "Penang Graveyard and Crematorium Complex" because of its proximity to a crematorium and a cemetery. Already a civil society campaign against the PGCC is gaining momentum as more and more Penangites become aware of its horrendous environmental implications. Instead of creating a concrete monstrosity with 40 towers, the government must convert the Turf Club land into a State Park as a legacy for future generations