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BUSINESS

PERTAM terminates sale and purchase agreement for land worth RM21 mln

29/07/2022 10:45 PM

MELAKA, July 29 (Bernama) -- Perbadanan Kemajuan Tanah Adat Melaka (PERTAM) has terminated a sale and purchase agreement for RM21 million worth of land in Bandar Jasin Bestari, Jasin involving a private company, earlier this year.

Pertam chief executive officer Senator Datuk Mohd Ridhwan Mohd Ali said the 16.17 hectare land is now open to any interested developer.

“Actually, all projects under PERTAM involving joint ventures with private companies have been thoroughly evaluated and all necessary measures have been taken.

“We have terminated (the agreement for projects) with no progress, but we will consider applications to hold a discusssion on the projects,” he said when met by reporters after the scond session of the state-evel National Youth Consultation Council, here today.

On Monday, Bernama reported that land joint venture activities by three state agencies with private companies in Melaka were found to be not satisfactory because projects were completed late causing delays in returns or compensation due to them, according to the Auditor-General's Report 2020 Series 1.

Auditor-General Datuk Seri Nik Azman Nik Abdul Majid, in his report, said the audit involved the assessment of all land owned by Perbadanan Kemajuan Negeri Melaka (PKNM), Yayasan Melaka (YM) and Perbadanan Kemajuan Tanah Adat Melaka (PERTAM), after being identified as the agencies that manage real estate development in Melaka directly and had higher land ownership than 11 other agencies in the state.

-- BERNAMA  

 


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