The proposed Kampung Baru redevelopment based on a 60:40 ratio of Malay and non-Malay participation, cannot be finalised without acceptance from land owners said Federal Territories and Urban Wellbeing Minister Raja Nong Chik Raja Zainal Abidin.

The government would hear feedback and views of land owners before making any decision said Raja Nong Chik.

"Kampung Baru land owners need not worry. What we had put forward to them on Saturday is just the beginning and we want to listen to feedback from land owners themselves," he said in a statement today.

On Saturday, a meeting was held between the government, landowners and beneficiaries of Kampung Baru at the Putra World Trade Centre (PWTC), with regard to a proposed development in the area.

Raja Nong Chik said the interests of the Malays in Kampung Baru, Kuala Lumpur will not be jeopardized even if non-Malays are given a 40 per cent quota to own property in the area when the Kampung Baru Development Project was implemented later.

"This is to allow maximization of the development potential of Kampung Baru... and when we say non-Malays, it is not limited to non-Malay Malaysians but also interested foreign investors.

"This will maximize returns to land owners who can also invest in the development," he said.

The size of Kampung Baru is 307.344 acres and based on the valuation done on 136 acres in March 2007, land there was valued at between RM270.00 and RM300.00 per square feet for housing and from RM500.00 to RM600.00 per square feet for commercial lots.

- Bernama