mall/retail n hotel here confirm fail..resi duno who wana stay here also..

Honestly duno what to do here also..

many.

can try amusement/theme park, universities, museums, DBKL new headquarter, etc

theme park n museum would be good but its nt easy to design a theme park when d whole strucutre is thr already unless they wana tear down the whole thing!

Actually if projects like KL118, BBCC & ROL are completed without fail plus existing tourist attraction sites like Petaling street, Jalan Alor & Bangunan Sultan Abdul Samad, I don't see why hotel here cannot survive. I believe Swiss Garden nearby should be doing well.

Any news on Jalan Alor Upgrade?

yup..eco style park ..

yup..if well planned..
maybe can hotels within the plaza rakyat can survive

very old article:
Swiss-Garden Residences achieves 90% average occupancy, plans expansion
By The Editor / TheEdge | August 19, 2011 : 5:49 AM MYT

KUALA LUMPUR: Swiss-Garden Residences have achieved to-date 90% average occupancy following its soft launch in April, said operator Swiss-Garden Hotel & Residences central region group general manager Rayan Komatt.“This is a reflection and testament that serviced residences are in great demand and an emerging trend compared to hotels,” he said in a speech at the official opening of its first serviced apartments yesterday.The hotelier sees growing potential in the serviced apartments segment and plans to start three new Swiss-Garden Residences in Butterworth, Malacca and Kuantan within the next three years, said Swiss-Garden International vice-president of business development and sales and marketing, Francis Lee.Swiss-Garden Residences Kuala Lumpur sits on a 1.7-acre (0.68ha) site that is a stone’s throw away from the vibrant Bukit Bintang district.The serviced apartments have a gross development value of RM320 million and are divided into a north and south tower that stand at 37 storeys and 33 storeys respectively.The development features a total of 478 units, most of them ranging from 550 sq ft 1-bedroom to 750 sq ft 2-bedroom types, and there are also two units of 2,700 sq ft penthouses.

Swiss-Garden Residences Kuala Lumpur marks the hotelier's foray into serviced apartments.

These lodgings are intended for corporate and business travellers who are either on short trips or looking for longer-term accommodation. Facilities include an infinity pool, a Jacuzzi, children’s pool and playground, squash court, gym, sauna, games room, reading room, launderette, convenience store, business centre and complimentary shuttle services.Apart from the serviced residences here, Swiss-Garden International Hotels, Resorts & Inns manages and operates six other hotels and resorts in Malaysia and Australia.These are Swiss-Garden Resort & Spa Kuantan, Swiss-Garden Golf Resort & Spa Damai Laut, Swiss-Inn Kuala Lumpur, Swiss-Inn Sungai Petani, Swiss-Inn Waterfront Sandakan as well as Garden Lodge in Sydney, Australia.This article appeared on the Property page, The Edge Financial Daily, August 19, 2011

DBKL to sell Plaza Rakyat to Profit Consortium for RM740m, says Tengku Adnan

http://www.theedgemarkets.com/my/article/d...?type=Corporate

Parking 1st

Cheap...

the buyers did not have rights? ahem this is not the way a politician should talk.

Plaza Rakyat owners to get compensation from Profit Consortium

http://www.theedgeproperty.com.my/content/...ofit-consortium

"Actually, the 211 buyers did not have rights, because they purchased the property with Plaza Rakyat Sdn Bhd, which has gone bankrupt. However, we are a government that is concerned about its people and I decided that RM40 million to be allocated to resolve their problem," Tengku Adnan added.

OMG

40mil / 211 buyers = RM189K !!

Each buyer only get 189k compensation ?!!

This post has been edited by bb68: Oct 30 2015, 05:50 PM

人民广场翻身有望
东方网 中马 2015年10月30日

（吉隆坡30日讯）经过20年漫长的等待，人民广场业主终见曙光！吉隆坡市政局今日捎来喜讯，宣佈搁置多年的吉隆坡人民广场终获发展商接管，令这座荒凉广场有望在近年內落成，并將成为半山芭地区的新地標。

吉隆坡市政拿督阿敏诺丁指出，人民广场的发展计划，將正式交由新发展商，即Profit Consortium公司全权管理，而市政局將在发展规划及审核准证方面，给予协助。

以7亿令吉脱售

他说，人民广场以7亿令吉脱售，而新接管的发展商已向市政局缴付10%，即7000万令吉作为购买產业的抵押金。

「虽然我并不清楚工程会在何时建竣，但我有信心该公司会完成，让人民广场的復工计划会往前迈进。」

他是今日与ProfitConsortium公司主席丹斯里沙曼，签署买卖合约后，接受媒体询问时，这么指出。出席者还包括广东德宝置业投资有限公司董事长袁乐生。

他表示，新的发展商將全权接管人民广场，直到广场建竣为止，一旦广场落成，不仅能为当地带来经济效益，同时也將成为半山芭的新地標。

「这项重建计划也获得中国投资者加入，我对于人民广场得以復工，深感光荣，并希望吉隆坡不再出现搁置工程。」

询及人民广场业主的赔偿事宜，阿敏诺丁说，业主必须准备好相关文件，以证明其业主身份，而发展商也须按照业主意愿，如一些业主选择继续投资或索取赔偿，而作出决定。

「无论如何，这须由发展商负责处理，市政局和发展商將核对业主的身份，并召见他们就此进行商討。不过，发展商还有许多事务要处理，包括工地的鉴定工作。」

常年泡水　设施或要全销毁

发展商代表律师德烈费南杜指出，碍于人民广场搁置多年，工地已沦为积水池，导致原已完成的设施常年浸泡水中，故发展商必须鉴定这些设施是否还能使用，或要全部销毁。

「这些都並非易事，必须谨慎处理，逐步抽取积水进行检查工作，避免影响土地结构，因此希望业主能给我们一点时间，耐心等待。」

此外，他说，发展商將在明年，进行广告刊登以公佈发展详情，希望藉此与一些失联的业主联络。「基于发展商尚未掌握所有业主的名单，故须与市政局收集所有的业主身份，再逐一联络以详谈计划细节和赔偿事宜。」

另一方面，人民广场业主杨成祖及李英权皆表示，今次的收购促成，令业主们都暂时放下心头大石，并期望今次买卖协议，將会是人民广场计划的最后定案。

「引颈长盼了20年，希望这项復工计划不会突然变卦，並且能在2年內完成，好让我们能亲眼目睹人民广场顺利竣工，再將之交给下一代。」

"better get something then nothing" - gomen says

Did the 211 owners start serving interest or just paid the downpayment?

wrong post .. sorry

This post has been edited by sonic_cd: Oct 31 2015, 10:02 PM

if not mistaken, the buyer paid DP of 20% to 30% years ago

Pay just 20-30% deposit, get back RM189K, not too shabby an investment.

some of the buyers already dead waited so long for the project & at last