Plaza Rakyat project to be revived

GEORGE TOWN: Ivory Properties Group Bhd (IPGB) is reviving the development of the Plaza Rakyat commercial project in Jalan Pudu, Kuala Lumpur, abandoned in the aftermath of the 1997/98 Asian financial crisis, with a revised RM8bil gross development value (GDV).

Group chief executive officer Datuk Low Eng Hock said the original plan for Plaza Rakyat would be redesigned to accommodate for an integrated transportation and business hub with serviced apartments to cater to expatriates, as well as affordable housing components for the young working class in the city.