How much land was allegedly sold, and for what price?

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Gerakan alleges 396.6 hectares of reclaimed land were sold for RM42.7 million

Gerakan has filed a defamation lawsuit against Penang Chief Minister Lim Guan Eng concerning his claims that the party's leaders sold 396.6 hectares of reclaimed land in Tanjung Pinang for RM42.7 million. This price, according to the allegations, equated to RM1 per square foot. The lawsuit centres on statements made by Lim Guan Eng since 2013, which Gerakan asserts have defamed the party and its former president, Tan Sri Dr Koh Tsu Koon.
Alleged sale of reclaimed land

The core of Gerakan's defamation suit revolves around Lim Guan Eng's repeated assertions that Gerakan leaders, during their governance of Penang under Tan Sri Dr Koh Tsu Koon, sold 396.6 hectares of reclaimed land in Tanjung Pinang. This transaction, as alleged by Lim, occurred at a price of RM42.7 million.
Alleged sale price and per-square-foot valuation

The lawsuit specifically highlights the alleged sale price of RM42.7 million for the 396.6 hectares of land. Gerakan contends that this figure translates to an exceptionally low rate of RM1 per square foot, a detail they argue portrays the party negatively. This valuation is a central point of contention in the defamation claim.
Statements made since 2013

Gerakan's statement of claim asserts that Lim Guan Eng has been making these remarks, which have been published across various websites, social media, and news portals, from 2013 up to the current year. The party argues that these repeated statements have maliciously intended to damage Gerakan's reputation and good name.
Allegations of misrepresentation and untrustworthiness

According to Gerakan, Lim Guan Eng's statements have falsely portrayed the party as apathetic towards Penang residents' rights and as having sold state land below market value. The party further claims these remarks depict Gerakan as untrustworthy, unprincipled, and insincere in its service to the people, thus constituting serious defamation.

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How much land was allegedly sold, and for what price?

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