By Farah Wahida:
The government will not forcibly acquire land in Kampung Baru from owners, instead it merely permitted projects with a higher plot ratio of 1:10, according Datuk Johari Abdul Ghani, BN’s candidate for the Titiwangsa parliamentary constituency.
“Let me be clear, the government will not acquire the Kampung Baru land by force, there is no forcing to develop the land either. Instead, a corporation has been set up to facilitate those who want to develop the land.”
“If the people do not want to develop the land, no one can force them. But if they want, they can work out joint ventures with developers,” he said in an interview with StarBiz.
Located within the Kuala Lumpur city centre (KLCC), Kampung Baru spans 220 acres with 880 lots and 4,200 beneficiaries. The vast land was given by the Sultan of Selangor about 130 years ago.
“The plot ratio is higher than what DBKL allows for, which is 1:6 times. With the Kampung Baru Development Corporation Act of 2011, the cost of conversion from agriculture title to commercial is also lower,” noted Johari.
“If you have one unit, you may get nine more to make it 10… that is the meaning of plot ratio,” he said, adding that the development charges would also be cheaper compared to the 30 percent fee imposed by city hall.
Moreover, Johari believes that the Kuala Lumpur city hall should no longer allocate land for luxury apartments and condominiums, but intead it should provide more land for medium-cost houses.
Farah Wahida, Editor of PropertyGuru, wrote this story. To contact her about this or other stories email farahwahida@propertyguru.com.my
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