Federal Territories Minister Datuk Seri Dr Shahidan Kassim said the proposed Kampung Baru Land Bill – which is aimed at providing lifetime protection to Kampung Baru landowners – is expected to be tabled in Parliament in early 2022.
He noted that there was no previous law that specifically protected Malay reserve land to prevent any party from changing such land’s status, reported Bernama.
“The proposed Kampung Baru Land Bill, which is currently under review by the Attorney General’s Chambers, is hoped to safeguard the interests of Kampung Baru landowners indefinitely, and the planned development will be implemented in the form of leases, mutually agreed between landowners and developers,” he said during the launch of the Kampung Baru Redevelopment Implementation Guidelines (PPPSKB) and the Kampung Baru 2040 Development Master Plan (PIPKB 2040)
He expressed confidence that the bill, once introduced, would serve as a guide for other states to introduce similar bill saving such land from changing ownership.
On PIPKB 2040, Shahidan explained that the master plan was drafted as a guide towards the transformation of Kampung Baru in terms of economic, social and physical development, driving its overall direction in the next 20 years.
“It will be a mechanism for the government and the PKB, especially in facilitating, regulating and evaluating all development proposals, through a joint venture between residents, developers and government-linked companies (GLCs),” he said as quoted by Bernama.
“Insya-Allah, this master plan will make Kampung Baru a competitive settlement that gives priority to the Malays in the heart of the capital.”
He shared that PPPSKB was framed to encourage and assist landowners in developing their own land, or enter into joint ventures with GLCs, the private sector and developers.
With PPPSKB, landowners and developers will be provided special incentives, covering land and development matters, such as a 100% development charge exemption, open plot ratio and 70% reduction in Infrastructure Service Fund charges.
Check out these latest project reviews today! Or read our helpful Guides to learn all about the various property buying, selling and renting tips!