KUALA LUMPUR: Federal Territories Minister Khalid Samad said Kampong Bharu Development Corporation (PKB) has received about 800 forms from Kampung Baru residents on redeveloping the area.
He said about 90% of the landowners agreed with the offer of RM850 per sq foot by the government.
Khalid said the rate offered by the government was based on valuation by the Valuation and Property Services Department.
“It is a price based on professional valuation,” he told Bernama News Channel last night.
“Kampung Baru is open to anyone, anybody can offer, not only the ministry and government. Anybody who feels the land price is RM2,000 and can afford to buy, nobody will stop it,” he said.