Urban Renewal Act: 30-year threshold on building age too low, says expert
With the proposed Urban Renewal Act (URA) set to be tabled in June, an expert has said the building age threshold should be higher than 30 years.
With the proposed Urban Renewal Act (URA) set to be tabled in June, an expert has said the building age threshold should be higher than 30 years.
Noteworthy:
When: December 2024
Diona Teh Li Shian, daughter of Public Bank Bhd founder, the late Tan Sri Teh Hong Piow, has purchased a Good Class Bungalow (GCB) in Singapore’s Tanglin Hill neighbourhood, for a record-breaking price of S$93.9 million (RM311 million) or S$6,197 psf, according to Bloomberg News.
Noteworthy:
When: December 2024
He noted the ministry’s views to focus on improving the quality of public transport first.
Based on the latest records from DBKL, 25 of them were residential buildings, while the remaining 23 were commercial buildings.
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Housing loan growth in Malaysia slowed year-on-year (y-o-y) to 6.9% in 2024, with owner-occupiers making up the bulk of growth, according to Bank Negara Malaysia (BNM).
Malaysians must reject divisive voices that threaten the harmony of the country's multiracial society, said Housing and Local Government Minister Nga Kor Ming.
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