Sale of Batu Kawan land generates RM484mil for PDC

Booming township: A file picture of the upcoming development in Batu Kawan.

THE sale of the 99ha land in Batu Kawan to Aspen Vision City will generate RM484mil for Penang Development Corporation (PDC).

Chief Minister Lim Guan Eng said the land was sold at RM45 per sq ft.

He spoke after witnessing the signing ceremony for a 99ha (245 acres) land to be used for Aspen Vision City development.

The signing was between Aspen Group and Ikano and PDC.

“A state-of-the-art regional shopping centre and an integrated mixed development in Aspen Vision City will be the major catalyst in our aspiration to develop Batu Kawan into a modern and intelligent township,” he said.

On the industrial front, PDC has successfully wooed major multinational corporations to invest in Batu Kawan recently.

“These investments include those from Seagate, Haemonetics, Sandisk and Bose,” Lim said. - The Star