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“The ROL is key to improving Kuala Lumpur’s liveability,”

It is anticipated that the ongoing KL River of Life (ROL) project will add value to Brickfields. The ROL will transform the Klang and Gombak rivers into vibrant and bustling waterfronts.

“Just like in Singapore, Melbourne, London and Seoul, high-rise living as well as food & beverage fronting a beautifully landscaped river always attracts crowd.

“Jalan Thamby Abdullah 1 and Jalan Ang Seng are not too far off from the Klang river. If the land owners or investors were to build apartments of 20 to 30 storeys, they may be able to sell, especially the higher floors, as the occupants would be able to enjoy good views of the river and also KL Sentral and Bangsar.

(File pix) The Malaysian Islamic finance (IF) industry continues its positive trajectory with total IF assets increasing by 9.5 per cent to reach RM783 billion, which also represent 28.8 per cent of the country’s total banking assets for the first seven months of this year.NSTP/YAZIT RAZALI

“The ROL is key to improving Kuala Lumpur’s liveability,” said the source.

The ROL will contribute to the lifestyle of the occupants of the PR1MA houses that are coming up on 3.6ha of government reserve land in Jalan Thamby Abdullah 1, adjacent to the Kuala Lumpur City Hall (DBKL) sports complex.

The government project will see five blocks of 24-storey apartments with a total of 1,208 units, 920 of them will be PR1MA houses and the rest built for the bachelor enclave scheme.

The ROL, identified as a project under the National Transformation Programme, aims to transform eight rivers that are located within the Greater KL/Klang Valley region.

There are three major components to the RM4.4 billion ROL project - river cleaning; river master planning and beautification; and river development.

The river cleaning process is being conducted along a 110km stretch along the eight rivers covering three municipal areas; Selayang Municipal Council, Ampang Jaya Municipal Council and Kuala Lumpur City Hall (DBKL).

The economic viability of the area would be increased through master planning and beautification works carried out along the 10.7km stretch of Klang and Gombak river corridor.

Klang river near Mid Valley that flows through Brickfields.

As for river development, potential government land will be identified and tendered out to private developers through competitive bidding to catalyse development along the corridor.

As of August 31, 80 per cent of the ROL project has been completed.

The ROL takes after many global cities, including London and its River Thames, Seoul and the Cheonggyecheon River, as well as Melbourne and the Yarra River, that are built along waterways to serve transportation and recreational needs.

These rivers have contributed towards the cities’ economic growth.

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