Less than half Kg Baru owners commit to sell land for redevelopment

PUTRAJAYA, 28 Nov 2019:

The government will think of other approaches in the effort to obtain the agreements of all the owners of the land in Kampung Baru when the time comes, said Federal Territories Minister Khalid Abd Samad.

“We cross the bridge when we come to it,” he said when asked if still many Kampung Baru residents had not submitted feedback on the agreement to rebuild the area by Nov 30.

As of today, Khalid said 40% of the 5,359 registered landowners had filled up and sent back the development plan feedback forms.

On Oct 24, Khalid announced a new offer of RM1,000 for every sq ft as a final figure to buy the land for the rebuilding of Kampung Baru, compared to RM850 offered previously.

Of the rate, RM850 would be paid based on the form of return picked by the owner while the return for the balance of RM150 would be in the form of shares in the Syarikat Tujuan Khas (Special Purpose Vehicle) (SPV).

– Bernama