KDSB justifies selling land at high price

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Kuala Dimensi Sdn Bhd (KDSB) today justified and defended the selling of 999.5 acres (400 ha) of land on Pulau Indah priced at RM25 per square foot (psf) to the Port Klang Authority (PKA).

In a statement, KDSB said when it purchased the land from Koperasi Pembangunan Pulau Lumut Bhd, in 1995, it was a piece of barren agriculture land with mangrove swamp and trees.

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