What is happening with Plaza Rakyat?
KUALA LUMPUR (Jan 4): It was supposed to be among the country’s first projects be integrated with a light rail transit (LRT) station and be a major landmark in the city.
Plaza Rakyat buyers want fair compensation
PETALNG JAYA (Nov 25): Plaza Rakyat unit buyers have expressed that they wish to meet with Federal Territories Minister Khalid Abdul Samad in order to find an amicable solution to issues, which includes compensation for late delivery of the project.
Plaza Rakyat project to restart soon
Work on the long-abandoned Plaza Rakyat project in Jalan Pudu, Kuala Lumpur is expected to begin soon, A 43% stake in the developer - Profit Consortium Sdn Bhd is being bought by China-based Guangzhou Xu Zhuo Enterprise Management Co Ltd, who are expected to pay the outstanding debt due to Kuala Lumpur City Hall (DBKL) “The Plaza Rakyat project is being taken over by a new consortium, which finalised its takeover at end-March.
Plaza Rakyat lot owners: Why is DBKL ‘no longer involved’ in 20-year stalled project?
KUALA LUMPUR (September 3): Plaza Rakyat lot owners are unhappy that Kuala Lumpur City Hall (DBKL) has “washed its hands of” compensation of the stalled project.
Redevelopment work on Plaza Rakyat expected to start in June 2017
KUALA LUMPUR (April 29): Deputy minister of Federal Territories Datuk Dr Loga Bala Mohan (pictured) said work on Plaza Rakyat is expected to commence in June next year, Bernama reported yesterday.
Guangdong-based company to invest in Plaza Rakyat
GUANGDONG Debao Land Co Ltd, a property development company based in Guangdong, China, plans to invest in the long abandoned Plaza Rakyat project in Jalan Pudu.
Plaza Rakyat owners to get compensation from Profit Consortium
KUALA LUMPUR (Oct 30): Profit Consortium Sdn Bhd will soon meet with the 211 Plaza Rakyat buyers to discuss compensation for the lots they purchased 20 years ago for the now defunct development.
DBKL to sell Plaza Rakyat to Profit Consortium for RM740 mil, says Tengku Adnan
KUALA LUMPUR (Oct 29): The Kuala Lumpur City Hall (DBKL) will sell the land on which the Plaza Rakyat project was located to Profit Consortium Sdn Bhd for a consideration of RM740 million, said Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor.
After 15 years, Plaza Rakyat revival plans in final stages
KUALA LUMPUR (June 2): Kuala Lumpur City Hall (DBKL) is in the final stages of discussing plans to revive the Plaza Rakyat project in Jalan Pudu with Profit Consortium Sdn Bhd, the developer appointed to take over the long-abandoned building and give it a new lease of life.
