Penang Watch

RM60mil mansion at 34 Bay View Terrace, Mosman Park, Perth 

UPDATE :

RM50 mil is the budget for RapidPg to run a whole bus service for Penang. But the 1st family spend Rm60mil for just their own house/enjoyment ! How about other items in the family?

10/04: Datin Wong Mun Yee @ Mrs Datuk Patrick Lim @ owner Kamaluddin Badawi's house
(Malaysia-today)
by Ganesh Sahathevan

The following extracts from documents in the public domain tell a story about Equine Capital's Patrick Lim Soon Kit, his wife Wong Mun Yee @ Cindy Lim, one Kamaluddin Abdullah Badawi, a self-made millionaire (or billionaire), and his father, Prime Minister of Malaysia, Abdullah Badawi.

A) Datuk Patrick Lim Soo Kit is a substantialshareholder of the Company (Equine Capital) with indirect interest of 22.63%. He is the husband of Datin Wong Mun Yee and nephew to Lim Ah Yee and Lim Ah Chai. Datin Wong Mun Yee, Lim Ah Yee and Lim Ah Chai are also substantial shareholders of the Company with indirect interest of 22.63%. (Equine Capital Bhd, 2004 Annual Report, pageS 16-17)

B ) 34 Bay View Terrace, Mosman Park An Extract from the Certificate of Title:
Registered Proprietor: Mun Yee Wong of 2/19 Melville Beach Rd, AppleCross
Registered 11 March 2004
Encumbrances: Mortgage to National Australia Bank, Registered 11 March 2004

C) Raja Petra of Malaysia-Today: Malaysia's First Family's family home at 34, Bay View Terrace, Mosman Park, Perth, Australia is currently under extensive and massive renovation works. A house bought by a non-permanent resident has to be renovated at a cost of more than half the purchase price.

D) Umno Youth deputy chief Khairy Jamaluddin today clarified the allegation that his father-in-law, Prime Minister Abdullah Ahmad Badawi, owns a ‘RM60 million’ house in Australia. According to him, the house belongs to Abdullah’s son and prominent businessman Kamaludin (Khairy: Aussie mansion belongs to PM’s son)

E) PENANG, birthplace of Prime Minister Datuk Seri Abdullah Ahmad Badawi, is set to benefit from several Ninth Malaysia Plan infrastructure projects, namely the Penang Outer Ring Road, monorail and second bridge projects. ....One company that is set to benefit significantly from this is property developer Equine Capital Bhd. Its integrated Crescentia Park project and Penang International Equestrian Centre, at the 2,560-hectare Bandar Cassia township in Batu Kawan, is located at the mainland end of the Second Bridge. ....Lim was a major beneficiary of government spending in the high-profiled Monsoon Cup.
(A bridge to higher profits
By Joanna Sze ,1 January 2007
Malaysian Business)

F) Taman Equine executive chairman Datuk Patrick Lim and wife Datin Cindy Lim looked a charming pair as they chatted with the guests.(Times Extra ,120 at launch reception of timepiece collection; Y.S. Segaran, 16 October 1998, The New Straits Times)

G) Prime Minister's wife, Datin Seri Endon Mahmood today called on the people to strengthen family ties and friendship. ........."We should not forget our obligations either as wives, husbands, mothers or fathers," she said at the presentation of Hari Raya goodies to 120 senior citizens here. ....The function was organised by Yayasan Budi Penyayang Malaysia (Penyayang) and Puspanita, the association of wives of government staff and female staff of government departments.The Hari Raya goodies of hampers and cash were contributed by Kha Seng Corporationn Sdn Bhd, Berjaya Group, Expomal Sdn Bhd, Silverbird Group Bhd and Tesco (M) Sdn Bhd as well as two individuals, Datuk Shariff Ibrahim and Datin Cindy Lim. (STRENGTHEN FAMILY TIES AND FRIENDSHIP, SAYS ENDON. 15 November 2003, Bernama Daily Malaysian News)

MALAYSIAKINI REPORT:

Khairy: Aussie mansion belongs to PM’s son
Muda Mohd Noor
Apr 3, 07 5:49pm

Umno Youth deputy chief Khairy Jamaluddin today clarified the allegation that his father-in-law, Prime Minister Abdullah Ahmad Badawi, owns a ‘RM60 million’ house in Australia.

According to him, the house belongs to Abdullah’s son and prominent businessman Kamaludin

However, Khairy is not certain about the price of the sprawling mansion located in an elite suburb in Perth.

“May be it (the price) does not reach RM60 million ... may be it is lower than that,” he told malaysiakini when met at Machap, Malacca.

Khairy was asked to respond to former premier Dr Mahathir Mohamad who recently said a ‘top leader’ in Malaysia has a house worth RM60 million in Australia.

Mahathir, whose ties with Abdullah has been strained since last year, made the allegation during an Umno gathering in Johor last week.

Elaborating, Khairy said the former premier did not provide any proof to back his allegation.