How will this bill affect me as a property owner in middle of KL?

I own a flat in jalan khoo teik ee from my grandma and it's more than 30 years old.

Will I get a lower compensation because of this act?

Government valuation... So don't expect sky high pricing valuation....

Following like what they did for public projects like MRT, LRT, ECRL....

i think normally involve old house change to new house, of course bigger size and modern design

u may look at razak mansion.

The details are still sketchy. I reckon would largely depends on your property valuation and the average price agreed by the 80% of the owners or the number determined by the final acceptance threshold approved in the bill.