Malaysia's defence ministry defends RM420m land sale to US

Defence Minister Khaled Nordin has defended a RM420 million land transaction involving the sale of LTAT holdings to the United States, emphasizing that the deal was conducted through formal tender processes rather than arbitrary means.

Nordin indicated that the sale represents a deliberate strategy to recalibrate and optimize the armed forces' asset holdings. The minister's comments come amid scrutiny over the disposal of military-linked property assets.

The LTAT, which manages defence-related assets, has been undertaking a portfolio review aimed at maximizing the value and efficiency of its real estate holdings. Officials have indicated that proceeds from such transactions are being redirected toward strengthening the military's operational capabilities and modernization efforts.

The defence ministry has stressed its commitment to transparency and adherence to procurement regulations in all major transactions. The sale follows Malaysia's ongoing strategic partnerships with international defence allies.