KUALA LUMPUR: Federal Territories Minister Khalid Abdul Samad (pic) said Kampung Baru landowners should accept the latest offer from the government to develop the village.
He said there were various reasons for them to do so.
“Firstly, it fulfils the aspiration and vision behind the Kampung Baru formation, which is to have a reasonable Malay population within Kuala Lumpur.
“With all of the developments emerging nowadays, Kuala Lumpur is growing and the number of residences is increasing day by day.
“By developing Kampung Baru, the number of residences will also increase.
“Right now, Kampung Baru has nearly 3,000 houses, we planned to increase it to 45,000 houses, which is a reasonable percentage of residences in Kuala Lumpur, ” he told reporters during a press conference on Monday (Nov 18).
Khalid is confident that the offer is the highest amount offered for Malay reserve land in the country.
“When we offer a reasonable price, there is no reason for the residents to ignore the offer.
“It will also help to overcome the problem faced by majority of landowners in Kampung Baru, which is the landowners’ grant issue.
“In the grant, the name of landowners are increasing every generation and this will also be a solution to the problem," he said.
The offer comprises RM850 per sq ft to be reflected in the choice made by individual property owners – among the choices offered to them are cash, a completed apartment or condominium unit (to be constructed as part of the government’s redevelopment plans for the area), and a combination of cash and a completed unit.
The remaining RM150 per sq ft will be provided in the form of shares in a company which will serve as a special purpose vehicle (SPV) in connection with the redevelopment project.
Khalid said he was hoping for a mutual agreement from all of the landowners and residents and that nobody was being forced to accept the offer.
To-date, Kampung Baru Development Corporation (PKB) has approached 1,716 out of 5,359 owners and 93.7% of them had agreed to the offer.
A total of 6.2% disagreed with the offer while the remaining owners did not give a clear decision.
PKB will reach out to the rest of the 3,643 owners in 20-people groups per session, with three sessions per day.
Khalid said he expected this issue to be resolved by the middle of next year to get a clear picture on how to proceed with the next step.
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