Plaza Rakyat: Unfinished Skyscraper Complex in Kuala Lumpur

The unfinished Plaza Rakyat skyscraper complex in Kuala Lumpur, Malaysia (Image: Two hundred percent. Unfinished Plaza Rakyat skyscraper complex in Kuala Lumpur)

Plaza Rakyat translates to “The People’s Plaza”. Building began in the 1990s and the name alone suggests that the construction was an ambitious project. The skyscraper complex was set to contain a 24-floor hotel, a 7-storey shopping centre, 46 floors of condominiums, and a 79-storey office tower.

Plaza Rakyat in KL from above (Image: Google Earth)

But the 382 metre mixed use Plaza Rakyat development was never completed, largely due to the Asian financial crisis that crippled markets in 1997. Far from the only building that saw its bright future dampened by circumstances, the unfinished Plaza Rakyat was nonetheless forced into an indefinite hiatus.

The abandoned Plaza Rakyat project (Image: Google Street View)

Plans to complete the building are still on the table. The Sun Daily reported in April 2016 that construction might begin again in June 2017, 20 years after the project was abandoned. But there were many loose ends to be tied up before that happens, however, not least settling claims made by the unfinished development’s depositors.

(Image: Google Street View)

This wasn’t the first time things had begun to look up for the abandoned Plaza Rakyat. Attempts were made to revitalise the project in 2005, 2006, 2007, and 2012. But none came to fruition. In 2014 Kuala Lumpur’s city government stepped in and took over the Plaza development, and last month The Edge reported that “Profit Consortium bought the abandoned project from Kuala Lumpur City Hall for RM740 million in October 2015.”

(Image: Google Street View)

According to the website: “The once abandoned Plaza Rakyat in Kuala Lumpur will soon be redeveloped into a landmark that the developer says will be the most significant next to the Petronas Twin Towers. Slated for completion in 2022, Profit Consortium Sdn Bhd has planned four skyscrapers — the tallest at 92 storeys — on the five land parcels that make up the 15.3-acre site in Pudu. Some 3,805 serviced apartments will be built.”

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