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Eyesore:Multiple promotional banners put up by developers to get residents to sell their units mar the Sri Lempah flats area.

PROPERTY developers have learnt that the 40-year-old Sri Lempah flats located off Jalan Kelang Lama in Kuala Lumpur is ready for a rejuvenation.

Those wanting to redevelop the five-storey walk-up flats have put up dozens of promotional banners around the area.

Marketing banners, posters, an advertisement board and a development signboard have been erected in the vicinity of the four-block, 540-unit flats on 4.04ha of land.

These developers are promoting perks offered to residents for the redevelopment.

This poster war, however, has most residents feeling uneasy.

“A marketing war is going on here, with each one trying to outdo the other, but the banners are illegal and are an eyesore,” said Sri Lempah Management Corporation (MC) I chairman Chong Kam Cheng.

“Each day, more and more banners pop up and it’s like there is no respect for the law.

“The posters are marring the beauty of the area,” he added.

CK Lee, who lives in Block A, said one banner promoted a key-to-key offer.

“This means residents can get a brand new flat measuring 1,215sq ft with multiple facilities, including two parking bays, while another one shows they will get units measuring 900sq ft.

“According to one banner, owners will only need to move out of their units after the new project is completed.

“It is just too good to be true, so I am very sceptical,” Lee added.

Jacob Velecherry, however, said the banners were distasteful.

“There is no need to put up so many banners here – one is good enough,” he added.

For another resident, identified only as Wong, this was a once-in-a-lifetime offer that could not be missed.

“If I can get a brand new unit for free, which is bigger and better, then why not?

“Who does not want a new apartment worth almost RM1mil for free?” he asked.

Redevelopment explained

In May this year, Kuala Lumpur mayor Datuk Seri Mahadi Che Ngah told StarMetro that the flats was ripe for redevelopment, especially the ones with small and dilapidated units.

He had encouraged the redevelopment, especially for older strata properties, adding that the Federal Territories Ministry was introducing incentives for residents.

Kuala Lumpur City Hall (DBKL) is working on this with the Federal Territories Ministry under its Kuala Lumpur Urban Renewal plan.It is a general rule that in order to redevelop the flats, stratified owners have to collectively agree to sell their units to one buyer, who will then redevelop the property en bloc.

Unlike in Singapore, a building that is less than 10 years old requires 80% of residents to agree, while the threshold in Hong Kong is 90%.

According to House Buyers Association Malaysia, the law on en bloc sale is still uncertain and it is impossible to get everyone to agree to sell.

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