KUALA LUMPUR, Jan 26 — Jiankun International Bhd plans to undertake a RM1.2 billion gross development value redevelopment project in Kampung Baru through a joint venture agreement with Menara Rezeki Sdn Bhd and Menara Rezeki Properties Sdn Bhd.
“The group is desirous to jointly develop, construct and complete a low-entry affordable commercial development project on the 1.49-hectare leasehold land, which shall consist of predominantly 2,960 units of service apartments at an average built-up size of 400 to 600 square feet,” it said. Executive director/chief executive officer Edwin Silvester Das said that aside from helping Jiankun to grow as a company, the project is expected to rejuvenate the Kampung Baru area.
Meanwhile, the group said Das has a strong track record as a turnaround specialist, with a long and distinguished banking and corporate career in Malaysia and abroad for more than 35 years.
Why a PKNS flat (flat for poor people) need to be replaced with condo for rich people? You want to displace all poor people to kampung?
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