Comment by Anil Netto:
This statement by a group of Seri Tanjung Pinang residents hammers home the point as to why land and property development-for-infrastructure swap deals are a bad idea.
Such deals compromise the development regulatory process by presenting the land reclamation or property developments projects as done deals – because they are needed to finance the infrastructure projects.
City of Dreams is intricately linked to the land-for-tunnel/highways swap deal.
Better not to have swap deals and instead separate the land reclamation/property development and infrastructure projects. Assess the technical, financial and environmental feasiblity of each project separately.
The residents are claiming the City of Dreams project is going to be 156 units per acre. If true, how is this even possible?
Press release by STP residents – 26 May 2015
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