Farah Solhi, Veena BabulalKUALA LUMPUR: Kampung Baru folk have chosen to exercise caution with regard to the government’s increased offer of RM1,000 per sq ft to secure ownership and develop what has become among the most sought-after pieces of real estate here. Another landowner, Nur Dzulafian Idris, 45, said he was not in favour of the share option and would rather secure a sale price of RM1,000 per sq ft in full. “I’m concerned about the SPV shares and possibility that the share value might drop. “If the share value goes down, then this offer is pretty much the same as the previous offer,” he said. Dzulafian also wondered about the fate of the landowners in the event there was a change in government.

Source: New Strait Times October 25, 2019 06:00 UTC