Koon Yew Yin's Blog

Progress Report of My Penang Student Hostel - Koon Yew Yin

Koon Yew Yin
Publish date: Tue, 23 Jan 2018, 10:46 AM
Koon Yew Yin
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An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.

All materials published here are prepared by Mr. Koon Yew Yin

As we all know, with the exception of University Science Malaysia, all the other universities in Penang do not provide student hostels. There are more than 10 universities in Penang. As a result, there is a serious shortage of student accommodation in Penang because all the business men are only interested to build the university buildings to make money. Investing in student hostels is not so lucrative.

About 2 years ago, I offered Rm 50 million to the Penang State Government to build a student hostel without any profit incentive for myself. The Penang Government appreciated my donation and immediately allocated a piece of 1.5 acres of land diagonally opposite USM for me to build my student hostel.

YB Lim Hock Seng who is a Penang executive councillor assisted in the approval of all my architecture design drawings. In fact, tender for the piling work has been called and I have selected the piling contractor.

As the piling contractor was about to start piling, former Butterworth MCA leader Dato Tan Swee Heng claimed that he has the right to own the land. The lawyers from both sides have been exchanging letters for almost a year. Finally, the case will go to arbitration in February 2018. No one can predict the conclusion of the arbitration and its final decision.

This case reminds me of my Rm 30 million offer to the MCA to build student hostel within the UTAR campus about 6 years ago. In spite of the fact that I clearly stated that I did not want any profit derived from my donation, the MCA leaders rejected my offer because they and their cronies who owned all the land outside the university campus, did not want me to disrupt their lucrative business. As a result, more than 20,000 students are desperately looking for suitable accommodation outside UTAR Kampar campus.

Whatever I said, no newspaper would want to publish my plea because all the newspapers are controlled by the MCA and BN supporters. Nevertheless, this news went viral through the internet. As a result, the MCA lost almost all the seats they contested in the last general election.

I believe this article will also cause serious damage to the MCA in the coming general election.

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Discussions
1 person likes this. Showing 3 of 3 comments

TimothyN7

Why not ignore MCA object to have a hostel near Kampar? My Koon could build ownself and let it as NGO and self sustaining. Everything is possible. Mr Koon could buy a land near UTAR and build hostel to let students to rent as they want.

2023-06-22 21:03

DickyMe

MCA is stukpid and jealous. Why block an educational facility which will serve future or existing students. Take what is beneficial for the people. It does not matter who does it unless MCA wants to claim the bragging rights.

2023-06-23 12:06

DickyMe

MCA buggers want to earn from students mah, that is why they block hostels.
With hostels around they cannot hike up property price or rent seek whole life.

2023-06-23 12:12

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