PTKL 2040 Ensures Balanced Property Development, No Community Left Behind

KUALA LUMPUR, July 18 (Bernama) -- The Kuala Lumpur Local Plan 2040 (PTKL 2040) places strong emphasis on balancing luxury property development with the provision of affordable housing to ensure no community is left behind in the capital’s growth.

Kuala Lumpur Mayor Datuk Seri Dr Maimunah Mohd Sharif said the plan is anchored on the principle of “Kuala Lumpur for All”, aimed at fostering inclusive and equitable development across all segments of society.

“MADANI housing and affordable homes are not just slogans, but have been directly integrated into the PTKL 2040 guidelines.

“Developers with land exceeding five acres are required to provide genuinely affordable homes - not just homes that people can afford to view, but ones they can truly afford to own,” she said during Bernama Radio’s exclusive interview programme today.

Maimunah said the plan also mandates that at least 30 per cent of land in any large-scale residential development be allocated for open spaces, to safeguard the well-being and quality of life of urban residents.

“We have a highly detailed proposed zoning map outlining designated areas for residential, commercial, industrial, green spaces and more. This is essential to ensure that development occurs in a balanced manner and does not disadvantage existing communities,” she said.

Maimunah stressed that PTKL 2040 is not merely a physical development blueprint, but serves as a key reference for all stakeholders, including investors, government agencies, developers and the community, in shaping a more organised, sustainable and inclusive Kuala Lumpur.

“The plan adopts a holistic approach encompassing physical, social, economic and environmental aspects, with the vision of transforming Kuala Lumpur into a well-planned, resilient and beloved city,” she said.

PTKL 2040, which came into effect on June 11, is a comprehensive planning document that will guide the capital’s development and regulatory framework until 2040.

She said the plan, officially launched by Prime Minister Datuk Seri Anwar Ibrahim on June 24, was formulated under the Federal Territory (Planning) Act 1982 and is aligned with the Malaysia MADANI aspiration and principles of people-centric development.

-- BERNAMA