Tuesday, August 16, 2011

Is Pasarana land grabbing? ..someone getting rid of China Town?

Is China Town to be 'removed' from KL? Who's behind the scheme to get rid of China Town?.......Malaysian are wondering why SPNB is land grabbing the PRIME property of CHINATOWN............

Enough Excuses, Prasarana! 2011-08-16   ..................The National Land Code 1965 had been specifically amended in 1990 to allow for the acquisition of underground land without affecting surface property by inserting Part Five (A) (section 92A to 92G) under Clause 3. The amendment enables the disposal of “underground land”, which can then either be alienated or leased or can be subject to the right of use....read here
............“The MRT station is actually located a block away, so these shops are actually not above the MRT station itself. They are above the tunnel track but because the tunnel is actually 100 feet below ground, there is no reason for the government to acquire these particular shop lots. So the only reason why they would want to acquire these shop lots is so that they can profit from the appreciation resulting from the construction of the MRT system.