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In April 2017, Profit Consortium Sdn Bhd announced it planned four skyscrapers on the site, slated for completion in 2022. Profit Consortium bought the abandoned project from Kuala Lumpur City Hall (DBKL) for RM740 million in October 2015.
However, as of 2018 the site remains abandoned. <ref>{{cite news|title= Resurrected Plaza Rakyat set to be new iconic landmark| url= http://www.theedgemarkets.com/article/resurrected-plaza-rakyat-set-be-new-iconic-landmark | publisher=Edge Weekly| date=18 April 2017}}</ref> <ref>{{cite news|title= Buyers to get money back| url= https://www.thestar.com.my/metro/community/2017/07/31/buyers-to-get-money-back-plaza-rakyats-new-developer-must-compensate-them-before-starting-project/ | publisher=The Star| date=31 July 2017}}</ref> <ref>{{cite news|title= Plaza Rakyat lot owners: Why is DBKL ‘no longer involved’ in 20-year stalled project?| url= https://www.edgeprop.my/content/1419599/plaza-rakyat-lot-owners-why-dbkl-%E2%80%98no-longer-involved%E2%80%99-20-year-stalled-project | publisher=EdgeProp| date=3 September 2018}}</ref>
== References ==
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