Govt may pay up to RM400m to compensate Ampang Park owners

Strategic location: Ampang Park, which is one of the oldest malls in Kuala Lumpur, was gazetted for compulsory acquisition on July 21, 2015 to make way for the second MRT line project.

PETALING JAYA: The government may be paying compensation of between RM300mil and RM400mil to acquire Ampang Park mall from strata shoplot owners in order to proceed with the second mass rapid transit (MRT) line, according to sources.

It is understood that there will be a separate package for tenants which has been excluded from this valuation.