General Disclaimer/Qualification: The transactions referred to here are subject to legal review by our external lawyers and PKA reserves its right to challenge the legality of some of the these transactions.
Land was purchased by PKA at price of RM1,088 million (that is RM25 psf including Infrastructure Works with land fully reclaimed) instead of through compulsory acquisition which would have cost RM442 million (that is RM10.16 psf for land partly reclaimed and no infrastructure works). The cabinet made the decision based on the recommendation of Selangor State Government that compulsory acquisition was not possible because PKFZ is not a public interest project; and the Land had been issued with development order in 1995.
