Taman Rimba Kiara’s GDV cut in half


The gross development value (GDV) of the renegotiated Taman Rimba Kiara development project has been slashed by half from its initial value of RM3 billion.

Landowner Federal Territories Foundation (YWP) CEO Zaizalnizam Zainun said the GDV of the entire development, which consists of Phase 1, Phase 2 and Federal Territories Affordable Housing Project (Rumawip), will be 50% of what it was initially planned.

“From the initial 12 acres (4.9ha) of land, we have decided to scale down the project to eight acres, and leave the remaining four acres as open space altogether,” he said at the media briefing regarding the development yesterday.

He added that the development has been scaled down from eight blocks to six blocks, while maintaining 200 units for the Rumawip project.

“As for the park, while we will leave the remaining four acres as open space, the park and the roads surrounding it will receive upgrades in terms of landscaping and parking, among others,” he said.

Zaizalnizam said scaling down the project is the most amicable and a win-win situation for the development.

“Currently, we are waiting for the Cabinet’s decision to move forward with the revised proposal, and whatever the decision may be, we’ll accept it,” he said.

Meanwhile, YWP legal advisor Mohd Fadzil Ab Hamid said there will be an appeal by the residents against the development with a hearing scheduled in September 2019.

Also present at the media briefing were Bukit Kiara Longhouse Settlers residents’ association chairman Sunderam Vadiveloo, Kawasan Rukun Tetangga Bukit Kiara chairman Konasagaren Subramaniam and Sri Maha Mariamman temple chairman Arumugam Thangaveloo.

As for the relocation of longhouses’ residents, the occupants are not asked to move out from their existing dwelling throughout the construction.

The longhouses were built 36 years ago, and the condition is worsening by the day as the residents wait for the affordable apartments’ completion.

The new Rumawip will be built 10m away from the existing longhouses, comprising one apartment block, while the temple land will be
left untouched.