Landowners reject govt’s RM850 per sq ft bid for Kg Baru land | The Malaysian Insight

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Landowners reject govt’s RM850 per sq ft bid for Kg Baru land

Participants at a town hall session in Dewan Perdana Felda, Kuala Lumpur, for Kg Baru landowners checking out an information pamphlet today. – The Malaysian Insight pic by Nazir Sufari, September 21, 2019.

LANDOWNERS in Kg Baru have rejected Putrajaya’s offer to buy their land at a maximum of RM850 per sq ft, saying the sum was inconsistent with the market value of between RM1,500 and RM3,000 per sq ft. Residents and landowners told The Malaysian Insight that the government was preventing them from obtaining higher value by citing the land’s status as reserve land.

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Source: News Formal (newsformal.com)

 

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