Kampung Sungai Baru Redevelopment: Developers and Leadership Behind The Transformative Project
Discover the key developers behind Kampung Sungai Baru’s redevelopment, led by Tan Sri Datuk Ter Leong Yap of Sunsuria and Datuk Ter Leong Hing of Sue
Article written by Johan Chairil
The Kampung Sungai Baru redevelopment in Kuala Lumpur is a landmark urban renewal project advancing under key developers and leadership as of September 18, 2025. Central to this transformation is KL City Gateway Sdn Bhd (formerly Ritzy Gloss Sdn Bhd), which holds the development contract following legal land acquisition proceedings sanctioned by the federal government. Understanding the corporate stakeholders and their leadership provides clarity on the dynamics shaping this project.
KL City Gateway is majority owned by Suez Capital Sdn Bhd, an investment company focused on property development and urban regeneration. Sunsuria Berhad, a publicly listed property developer, holds a significant 20% stake in KL City Gateway, strengthening the capital and expertise backing the redevelopment.
A pivotal figure in this consortium is Tan Sri Datuk Ter Leong Yap, who serves as Executive Chairman at Sunsuria Berhad and was appointed Chairman of Malaysia Venture Capital Management Berhad (MAVCAP) in late 2023. With over two decades of experience in property and general business sectors, Tan Sri Datuk Ter Leong Yap has diversified Sunsuria’s portfolio to include healthcare, education, and retail, demonstrating strategic vision. Through Sunsuria’s shareholding, his leadership influences the Kampung Sungai Baru redevelopment.
Developers in Kampung Sungai Baru Project
His brother, Datuk Ter Leong Hing, complements these efforts as a director and major shareholder in Suez Capital and related entities, including Scenic Starhill and Transworld Equity—all key players in KL City Gateway’s ownership. Datuk Ter Leong Hing brings expertise in property investment and project management to the execution phase of the redevelopment. The collaboration between the two brothers reflects a family-led leadership approach with a strong presence in Malaysia’s real estate sector.
Redevelopment Bid In late 2024, Sunsuria formalized its commitment by acquiring a 20% equity stake in KL City Gateway, contributing nearly RM40 million in capital to support construction and facilitate resident transitions. This investment reflects confidence in the project’s long-term economic and socio-cultural value.
The redevelopment plan covers approximately 3.2 hectares and aims to replace 328 homes, including 64 terrace lots and 264 flats from eight PKNS blocks, many over 50 years old. Residents who have agreed to the terms have been offered replacement homes sized between 969 to 1,200 square feet, along with cash compensation, moving allowances, renovation ex-gratia, and rental support during construction. Some terrace house owners have expressed concerns about the terms, citing issues such as perceived undervaluation of their properties and potential displacement challenges [Edited for neutrality].
Stakeholder engagement continues through the developer and government agencies to address these concerns and promote a transparent redevelopment process. The Selangor Sultan has emphasized the importance of respecting Malay cultural heritage and community interests in the redevelopment [Edited for neutral tone], adding a layer of cultural sensitivity to the project’s implementation.
In summary, Kampung Sungai Baru’s redevelopment represents a complex urban renewal initiative led by experienced developers and family-led businesses with significant investment stakes. Tan Sri Datuk Ter Leong Yap and Datuk Ter Leong Hing are influential leaders whose strategic and operational roles through Sunsuria and Suez Capital advance a vision of balanced progress and respect for one of Kuala Lumpur’s iconic Malay communities.
