The PDC is inviting ‘requests for proposals’ for the “safe rehabilitation, development of the Jelutong dumpsite and propose new disposal site for construction and demolition waste and marine clay”.
The RFP opened on 12 March and ends on 14 September.
The dumpsite measures 53 acres. It is not clear if the plans will involve any land reclamation on either side of the dumpsite: one earlier Edge report on 28 January had suggested that 20 acres could be reclaimed on either side. So we need to keep an eye on that.
Chow Kon Yeow was reported as saying that the present price of Jelutong land is estimated to be at least RM500psf – which could mean RM1.2bn revenue for the state. Apparently the land next to dumpsite (for luxury condos) is going for RM1000psf.
Only three years ago, the state government sold the 102-acre Bayan Mutiara super-prime land, a few kilometres south, for RM240psf. (This resulted in a controversy with Umno over the pricing. Umno had suggested that the land was worth RM420psf. The state government refuted that by challenging Umno to buy the land at that price.)
Whatever the case, I didn’t think at the time that selling the entire Bayan Mutiara tract to a single developer (which then entered into a joint-venture with another developer) was a wise move – especially at a time of rising land prices. Instead, PDC should have been allowed to manage the development like it had done in the past with new townships such as Seberang Jaya and Bayan Baru.