Share
- Datuk Hamdan Abdul Majeed, managing director of Think City: It recognises that social wellbeing, economic opportunity and environmental resilience are interconnected. Success will depend on implementation, monitoring and collaboration across all sectors— government, private enterprise and communities alike.
KUALA LUMPUR (Oct 13): Think City, the subsidiary of Khazanah Nasional Bhd, has lauded Budget 2026’s focus on improving public housing, community facilities and local infrastructure, marking a meaningful shift toward people-centred development.
“Budget 2026 moves the focus from growth for its own sake to growth that fosters quality of life,” said Datuk Hamdan Abdul Majeed (pictured), managing director of Think City in a media release today. “It recognises that social wellbeing, economic opportunity and environmental resilience are interconnected. Success will depend on implementation, monitoring and collaboration across all sectors— government, private enterprise and communities alike,” he added.
Think City explained that “positive momentum behind the Warisan KL initiative exemplifies how urban regeneration can restore vitality, identity and confidence in the capital. The preservation and adaptive reuse of landmarks such as Carcosa Seri Negara, Bangunan Sultan Abdul Samad, Kuala Lumpur Railway Station and Kompleks Dayabumi reflect a shared commitment to revitalising Kuala Lumpur’s historic core—not just as a cultural and economic hub, but as a symbol of national unity”.
“It demonstrates how culture, heritage and place-based planning become powerful tools to stimulate enterprise, attract investment, nurture civic pride and social connection across communities,” stated Think City.
Cultural and creative industries continue to be key enablers of inclusive urban growth. Putrajaya’s investment in UNESCO heritage sites such as Lenggong Valley, Gunung Mulu and FRIM Forest Park, along with incentives for creative economy, bolster Malaysia’s national identity and strengthen its position as a regional hub for culture and innovation.
Meanwhile, the upgrade of People's Housing Projects infrastructure, maintaining strata housing and improving community facilities are vital steps toward reducing social and spatial inequality. Sustained community engagement will be critical to ensuring lasting impact, added Think City.
“Investments in public transport, transit oriented development (TOD) and demand responsive transit (DRT) reinforce the central role of connectivity in urban life. Enhanced mobility systems expand access to jobs, education and healthcare while supporting Malaysia’s transition toward compact, low-carbon cities.
“Complementing these efforts, the Budget’s investments in flood mitigation, slope safety and nature-based infrastructure affirm that environmental stability is essential to economic resilience,” noted Think City.
As Penang girds itself towards the last lap of its Penang2030 vision, check out how the residential segment is keeping pace in EdgeProp’s special report: PENANG Investing Towards 2030.
