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Byline: Ooi Tee Ching
KUALA LUMPUR: After more than a decade of delay, property developer SP Setia Bhd expects to start working on the RM6 billion KL Eco City, opposite Mid Valley Megamall in Kuala Lumpur, by early next year.
The land, where the development is to take place over 12 years, has been cleared and is currently vacant.
SP Setia first announced its intention to develop the land almost a decade ago, but had faced problems with squatters in the area, among other things.
In its filing to the stock exchange yesterday, SP Setia said Kuala Lumpur City Hall or Dewan Bandaraya Kuala Lumpur (DBKL) had finally formalised the privatisation of the …