Khalid Samad: Gov't may need RM10 billion to buy out Kg Baru
- 5 years ago
The government is looking to buy out all the landowners in Kampung Baru in an effort to finally redevelop the Malay enclave in Kuala Lumpur.
As Federal Territories Minister Khalid Abdul Samad told a press conference in Putrajaya today, the buyout would ensure more organised and thorough redevelopment in the area.
It would also avoid only pockets of Kampung Baru being redeveloped, Khalid added, as would be the case if developers worked with landowners directly.
Additionally, he said the move will ensure that Kampung Baru retains its status as Malay reserve land, instead of developers opening up their potentially unsold properties to non-Malays.
As Federal Territories Minister Khalid Abdul Samad told a press conference in Putrajaya today, the buyout would ensure more organised and thorough redevelopment in the area.
It would also avoid only pockets of Kampung Baru being redeveloped, Khalid added, as would be the case if developers worked with landowners directly.
Additionally, he said the move will ensure that Kampung Baru retains its status as Malay reserve land, instead of developers opening up their potentially unsold properties to non-Malays.