NILAI (July 28): The recent amendments to land laws that were passed in Parliament recently will be a boost to attract new foreign investments, said Natural Resources and Environment Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar said yesterday, Bernama reported
He added that the amendments would also help the public tremendously on matters relating to land.
"The aim is to speed up any process related to land affairs, secondly is to become a mechanism to expedite land dealings between industry and investors and thirdly, to provide heavier penalties against those who violate the relevant laws," Bernama reported him as saying at the launch of the 22nd Land Administrator Conference 2016, here yesterday
Amendments were made to the National Land Code 1965, the Strata Titles Act 1985 and the Land Acquisition Act 1960 in Parliament recently.
Wan Junaidi also elaborated that such changes would also give Malaysia a competitive edge by providing greater investment opportunities to foreign investors.
Bernama also reported that Wan Junaidi said the Strata Titles Act would help more than 300,000 homeowners to obtain individual titles for their homes.