Why do TTDI residents dispute the RM150 million compensation figure?

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TTDI Residents Dispute RM150 Million Compensation Figure for Taman Rimba Kiara Project

TTDI residents are disputing the RM150 million compensation figure estimated by Federal Territories Minister Khalid Samad for the cancellation of the Taman Rimba Kiara (TRK) condominium project. They argue that the majority of the payments made by the developer, Memang Perkasa, were to government agencies and a foundation, which they contend would be subject to refund rather than compensation upon project cancellation. These payments, totalling RM110.4 million, were for development charges, land premiums, and joint venture contributions, with only approximately RM5 million spent on actual project expenditures like contractor and consultant fees as of November 2017.
Developer's Payments Primarily Directed to Government Agencies and Foundation

According to the developer's statement of account, Memang Perkasa has paid RM115.4 million in total. Of this sum, a significant 95.6 per cent, equating to RM110.4 million, was allocated to government bodies and Yayasan Wilayah Persekutuan (YWP). Specifically, RM84.4 million was paid to Kuala Lumpur City Hall (DBKL) and the Land and Mines Office Wilayah Persekutuan (PTG WP) for development charges and land premium respectively.
Joint Venture Payments to YWP and Actual Project Costs

An additional RM26 million was paid to Yayasan Wilayah Persekutuan (YWP) as joint venture payments. YWP is a foundation chaired by Minister Khalid Samad and is owned by the FT Ministry. The residents highlight that the actual expenditure on the project itself, covering contractor and consultant payments and other miscellaneous items, amounted to only about RM5 million as of November 2017.
Residents Argue Payments Constitute Refunds, Not Compensation

The core of the residents' dispute lies in their assertion that the substantial payments made to government agencies and YWP would be refundable if the project is cancelled. They contend that these amounts are not losses incurred by the developer that would warrant compensation. Instead, they represent payments made in anticipation of the project's development, which should be returned upon its cessation.
Minister's Claim and Segambut MP's Reaction

Federal Territories Minister Khalid Samad had previously stated that cancelling the TRK project would necessitate the government paying the developer over RM150 million in compensation. This figure was publicly challenged by Segambut MP Hannah Yeoh, who described the RM150 million sum as "imaginary." Khalid Samad subsequently clarified that DBKL would bear responsibility for any compensation due, as it was the authority that granted the development order for the project.

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Why do TTDI residents dispute the RM150 million compensation figure?

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