NSTP 28 August ’07 – After almost seven years, SP Setia Bhd, Malaysia’s most valuable developer, has reinforced its determination to secure more prime land in Kuala Lumpur.It has agreed on a preliminary pact with Dewan Bandaraya Kuala Lumpur (DBKL) to help it deal with squatters on the land located within the Kampung Haji Abdullah Hukum area opposite the Mid Valley Megamall.And it has even offered compensation for the 600 families who reside there.
It now stands a better chance of buying and developing the land, estimated at some RM300 million, analysts said.
The 10.8ha freehold site is intended for a residential-cum-commercial job.
This is indeed a VERY GOOD NEWS for KL urbanites!
A comprehensive masterplan has been drawn up for the area and WOW… a new City will be born soon. Yes no kidding!
Upon successful acquisition of the land (Abdullah Hukum), SP Setia plans to build an integrated residential-cum-commercial complex, just like the present Mid Valley City across the river.
Abdullah Hukum might be renamed as EcoCity Mid Valley.
The plan looks soo cool! The residential blocks look like a pistol and the entire city is complemented by greens at every corner. Plan includes a 70-storey high-rise that could be higher than Menara TM.
This is EcoCity Mid Valley. You can never imagine it!
[Renderings courtesy of ArchiCentre Malaysia]