There have been calls for the government to demolish the buildings built over 20 years ago under the People’s Housing Programme (PPR) following reports that they are no longer conducive to habitation for the elderly as well as other vulnerable groups such as people with disabilities and children.

The preference for owning expensive cars and maintaining a lifestyle beyond their means is preventing millennials from investing in homeownership.

The government has proposed the Urban Redevelopment Act (URA) legislation, saying it is a solution to urban slums. However, the National House Buyers’ Association (HBA) views this as a myth. Instead, the URA is merely scratching the surface rather than addressing the root causes.

A higher concentration of urban population not only generates more interactions, exchanges and business opportunities, but also promotes creative thinking, knowledge spillovers, new ideas and technology developments, leading to a higher economy of scale and wealth agglomeration.

Clinging to the same project brought a different kind of helplessness. When would the optimal reserve price present itself again?

The proposal of the Urban Redevelopment Act (URA) has been reported to be going ahead despite a host of dissenting voices. 

In Malaysia, it is not uncommon to hear of protests against proposed developments, such as new high-rise, urban renewal or transportation infrastructure projects, when the affected community perceives them to be detrimental to the neighbourhood with over-population or negative impacts on life quality or the environment. 

The Madani Government has made several press statements and announcements during the past year and more recurrently in recent months regarding its intention to introduce a new law aimed at facilitating the urban renewal, redevelopment, rejuvenation and regeneration of certain identified private properties in the urban areas, namely Kuala Lumpur, Johor Bahru and Penang.

The Tribunal for Homebuyer Claims, aka Housing Tribunal (Tribunal), has been intended as a fast, cheap and simple avenue for aggrieved house buyers to seek redress. Since its establishment in 2002, numerous buyers have successfully obtained compensations ranging from late delivery of vacant possessions to defective workmanship.