KUALA LUMPUR: The government has offered to buy land in Kampung Baru here at RM850 per square foot as compensation to landowners and heirs in return for the redevelopment of the area, says Federal Territories Minister Khalid Samad.“
Apart from the value of the land, whatever structures or buildings on the land will also be valued for compensation, ” he said during a townhall session attended by about 3,000 Kampung Baru landowners and heirs here yesterday.
The government had previously announced that the redevelopment of Kampung Baru would include residential buildings including high-rise dwellings as well as corporate towers and retail complexes.