Tuesday, November 15, 2011

SP Setia officially launches KL Eco City

KUALA LUMPUR (Nov 15): S P Setia Bhd officially launched its KL Eco City project with a signing ceremony for a RM460 million syndicated Islamic financing facility provided by three Islamic financial institutions, namely HSBC Amanah Malaysia Bhd, HONG LEONG BANK BHD [] and Bank Muamalat Malaysia Bhd.

President and chief executive officer of S P Setia Tan Sri Liew Kee Sin said on Tuesday, Nov 15 that with all the required funding in place, KL Eco City was ready to take off and set to become the new iconic landmark in Kuala Lumpur.

Liew said KL Eco City will transform the former Kampung Haji Abdullah Hukum site into an inner city haven comprising residential towers, serviced apartments, offices and a retail podium.

"Together with DBKL (Kuala Lumpur City Hall), we have managed to resettle the 600 squatter families previously residing in Kampung Haji Abdullah Hukum and worked towards amalgamating privately-owned and government lands before moving on to conceptualise the master plan for KL Eco City," said Liew.

In the re-development of Kampung Hajo Abdullah Hukum into a world class integrated development, the history of the settlement is also not forgotten, according to Liew.

S P Setia will undertake the restoration of 'Rumah Abdullah Hukum' by reassembling the house, and preserve ot to become a tourist attraction in the area.

Minister of Federal Territories and Urban Wellbeing Datuk Raja Nong Chik Raja Zainal Abidin said the developers' initiative to preserve "Rumah Abdullah Hukum" was highly commendable, aligned with the Kuala Lumpur's vision to be a world class metropolis without neglecting its heritage and historical values.

'The restored heritage house will be an informative tourist attraction to learn about Kuala Lumpur in the early days especially in reference to the Abdullah Hukum site, and its significance as one of the early kampong settlements in the development of Kuala Lumpur," he said.

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