I am sorry; this is not the point (see the statement below about who is making losses and who is making a profit re: Pulau Jerejak). Everything cannot be boiled down to ringgit and sen.
This is about the need to preserve Pulau Jerejak as a green lung for present and future generations of Penang residents. We are always complaining about a lack of open green spaces. Here we have one – and what do they do? Hive it off for high-end property development!
In the end, the federal Uda Holdings and the private property developer Ideal Property will very likely make a profit. The state PDC makes a profit. These profits are fleeting and will soon evaporate.
The losers (in terms of loss of a large tract of precious open green space, ‘The Commons’, to private interests) are the residents of Penang. Their loss will be permanent.