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Khalid Samad: Gov't may need RM10 billion to buy out Kg Baru

2019-04-22 294 Dailymotion

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.<br /><br />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.<br /><br />It would also avoid only pockets of Kampung Baru being redeveloped, Khalid added, as would be the case if developers worked with landowners directly.<br /><br />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.

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