Kula: Bungalow-gate critics missing out on feng shui

comments     Terence Netto     Published     Updated

Critics of Penang Chief Minister Lim Guan Eng’s purchase of a bungalow at a supposedly below-market price are remiss on a factor economic planners are apt to omit in their calculations of market behavior: the influence of culture in determining price.

DAP national vice-chair M Kulasegaran surmises that the reason the previous owner of the bungalow in Jalan Pinhorn in Penang that Guan Eng purchased last October for RM2.8 million was willing to part with the property on below-market terms was because of what had transpired at the premises in the time it was rented out to the CM.

“A series of incidents such as demonstrations by Umno protesters, the carrying of a coffin, the presentation of items signifying contempt and a host of other happenings must have produced a disturbing impression about the property,” said the MP for Ipoh Barat.

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