This proposal undermines the existing well-established property management regulatory framework that has effectively governed the profession for over four decades. It would result in unnecessary duplication, potential inefficiencies in property management oversight, and a waste of public funds.

The enactment of the Urban Redevelopment Act will provide a more structured guidance to renewal efforts to rebuild urban areas.

The Malaysian property market exhibited mixed signals in the first half of 2024 (1H2024).

Urban regeneration offers an opportunity to build back better, but requires a balanced approach to environmental, social, and economic factors, as pointed out by a speaker yesterday at the 15th International Conference on World Class Sustainable Cities (WCSC 2024).

Urban regeneration is a shared responsibility and should foster community ownership.

"... while land less than five acres is encouraged to contribute to the establishment of such units.”

As the world grapples with rapid urbanisation, the success of urban regeneration projects hinges on strong partnerships between public and private sectors, pointed out a speaker in a pre-dialogue session of the 15th International Conference on World Class Sustainable Cities (WCSC 2024).

Urban regeneration is high on the agenda this year as developers, town planners, architects and industry delegates reconvene at the 15th instalment of the World-Class Sustainable City Conference (WCSC 2024).

The Real Estate and Housing Developers' Association Malaysia (REHDA) is of the view that the Madani Deposit and a programme akin to the previous Developer Interest Bearing Scheme (DIBS) should only be applied to controlled priced affordable housing.

The suggested requirement, whereby a full block or two need to be made into Madani housing instead of a set percentage, will naturally cause a further increase in the free market prices for those who are not eligible for affordable housing, stated the Real Estate and Housing Developers' Association Malaysia (REHDA).