Jasa Kita sells land in KL for RM43 mil in related party transaction
The leasehold piece of industrial land, measuring 14,294 square meters, is located within the PKNS Setapak industrial area in Kuala Lumpur.
The leasehold piece of industrial land, measuring 14,294 square meters, is located within the PKNS Setapak industrial area in Kuala Lumpur.
No rightful homeowner should be disadvantaged in any scheme in the name of redevelopment, rejuvenation or revitalisation when there are plenty of reasons such a move is unnecessary.
“A city for all is important, and that is now the focus for Kuala Lumpur.
Norliza Hashim, URBANICE Malaysia CEO: For Malaysia, we are already an urban nation.
Nga stated that the new act will allow more urban redevelopment in Kuala Lumpur, as well as, all the other cities in the country.
“While we know that the trend towards urbanisation will continue to expand, KPKT recognises that this must be done in an orderly and proactive manner which includes ensuring that older buildings are given a new lease of life, even as newer buildings appear to fill the growing demand of urbanisation.
“With limited land resources and considering areas that need to be protected and preserved, urbanisation must not just focus on urban renewal but infill development as well.
Malaysian regulations on redevelopment and, by extension, en bloc sales, must change, quickly.
PAM said this is due to an alarming increase in the unnecessary felling of street trees by local governments in the Greater Kuala Lumpur region.
“We see TRX as a city-defining project.