PROMINENT ROLE: UDA plans to build homes in the RM350,000 to RM400,000 price range
UDA Holdings Bhd is confident of playing a prominent role in redeveloping the 112-year-old Kampung Baru, whose redevelopment plans have stalled since the incorporation of Kampung Baru Development Corp (KBDC) last year.
Its chairman Datuk Johari Abdul Ghani said the government-owned agency is in talks with Kuala Lumpur City Hall and the Federal Territories Ministry to develop a portion of the City Hall-owned land.
“UDA is in a position to develop part of the land near the Pasar Minggu area together with City Hall and make it a catalyst project for Kampung Baru.
“Once completed, it will be a showcase to the rest of the landowners about the government’s commitment to develop Kampung Baru. The project will also boost confidence among the landowners on KBDC’s capabilities,” Johari told Business Times, here, recently.
KBDC was set up last year as a mediator between landowners and potential investors in developing the area, which is located in the heart of Kuala Lumpur.
However, problems arose when rumours surfaced that the corporation will acquire the land for its own gain.
He said KBDC is trying to amalgamate all the land and convince the landowners that with larger land sizes, it can command a higher price.
Johari said it is not an easy task to develop Kampung Baru due to its multiple ownership and scattered small individual land titles.
Over the past 112 years, there have been more than 5,000 landowners in Kampung Baru.
“UDA has talked with the Public Private Partnership Unit of the Prime Minister’s Department, City Hall and Federal Territories Minister (Datuk Seri Tengku Adnan Tengku Mansor) with regard to 1.1ha of City Hall land in Kampung Baru and they have agreed in principle to allow UDA to develop the plot,” he said.
Johari said UDA plans to develop affordable executive homes in Kampung Baru in the RM350,000 to RM400,000 price range.