Deplorable condition: Abandoned tower cranes, stagnant water and exposed pilings are all that remain at the Plaza Rakyat construction site
STAKEHOLDERS in the long-abandoned Plaza Rakyat project in Jalan Pudu, Kuala Lumpur still have faith their investment will bear fruit.
Located next to the Pudu Sentral transport hub, the RM1.4bil mixed-commercial development was 30% complete about 15 years ago when the developer, Plaza Rakyat Sdn Bhd (PRSB), ran into financial difficulties during the 1997/1998 Asian financial crisis.
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