Property
Urban regeneration hiccups
Aliff Yusri | 08 Sep 2017 00:30
Urban regeneration, the revitalisation of ageing neighbourhoods within larger metropolitan areas, is an essential part of city planning. Medan Pasar and Asian Heritage Row in Kuala Lumpur stand out as historic locales recently updated to reflect contemporary market trends.

However, despite the millions poured into such projects, the country has a chequered track record when it comes to urban regeneration initiatives.
 
The revival of Medan Pasar by Kuala Lumpur City Hall (DBKL) from 2009 to 2014 saw the beautification and pedestrianisation of KL’s Old Market Square, a key commercial hub for the city in the late 19th century.

The initiative was proposed as a quick win under the Economic Transformation Programme’s Entry Point Project (EPP) 7: Iconic Places for the Greater Kuala Lumpur/Klang Valley National Key Economic Area (NKEA) , according to DBKL City Planning Department senior deputy director Nik Mastura Diyana.

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