
The land swop deal involving S P Setia and the government has raised several issues of public interest. This is another of those fancy so-called ‘public-private partnerships’; but there is also a third – and hidden – party involved. Who is it? Under the land swop: Part A: S P Setia will receive 40 acres of super-prime land on Federal Hill (opposite KL Sentral), currently used by the Health Ministry, from the government. Part B: In exchange, S P Setia will build a 1M1H health complex (at a cost of around RM700 million) for the government on 55 acres of Setia Alam land (valued at RM60psf). View Larger Map
