Property Guru, Photo Credit to Property Guru
clock 13-09-2018
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Abandoned Plaza Rakyat Buyers Seek FT Minister's Help for Compensation

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After Kuala Lumpur City Hall (DBKL) seemingly left them alone to get compensation from the property buyer, lot owners at the abandoned Plaza Rakyat project want Federal Territories Minister Khalid Samad to help them.

They did not know that KL city hall is no longer involved in the issue with Plaza Rakyat, according to the lot owners' pro tempore committee secretariat 69-year-old Ng Pang Wah.

"If the developer gets the approval, it can go ahead with the project even if it has not compensated the lot owners, and it is then up to the lot owners to take whatever actions against the developer," said DBKL Mayor Md Amin Nordin Abd Aziz.

"All we are asking is for a fair deal. The developer definitely bought the property at market price, but they are offering the lot owners a refund of the sum they invested 20 years ago, which is not fair," said Ng.

It was reported the Profit Consortium has given offer letters to 104 of the 211 original lot owners since January 2018 and talks are still ongoing.

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