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KUALA LUMPUR: Menara Rezeki Sdn Bhd (MRSB) will proceed with its RM1.2 billion Flat PKNS Jalan Tun Razak redevelopment project in Kampung Bharu after obtaining the approval from the majority of local residents.

The redevelopment project will be undertaken by MRSB and Jiankun International Bhd’s joint venture company, Menara Rezeki Properties Sdn Bhd.

In a statement today, MRSB said it will be submitting a proposal pertaining to the redevelopment project to the local government soon.

Early this year, the developer held a closed-door meeting with the residents and the PKNS Flat Action

Committee, Kampung Bharu to present the proposal for the redevelopment project.

MRSB managing director Datuk Saiful Nizam Mohd Yusoff said the company took into consideration

the needs and problems of existing landowners and had devised a detailed plan.

"With the capabilities of MRSB and its partners, I am very excited to see this redevelopment project becoming a reality four years from now,” he said.

The proposed redevelopment plan entails a 52-storey apartment tower, built for the existing owners of the PKNS flats, as well as three additional towers comprising residential and retail units. - Bernama