News about KPKT

Inferring the controversies surrounding the proposed Urban Renewal Act, the KPKT Minister refers to the forthcoming major legislative reform as Akta Pemulihan Strata dan Bandar (Akta PSB) and said: “Akta PSB stipulates that all existing owners will not get anything less favourable than the original”.

“Under the proposed Act, the government has no right to relocate any owners.

The URA is envisioned to bring about a wave of urban redevelopment by lowering the bar in buying over strata titles.

Homeowners should have the freedom to decide on how to redevelop their housing schemes through "self-help" initiatives without being bound by the proposed draconian Urban Redevelopment Act.

Taking vacant possession of a home is a momentous occasion.

“REHDA agrees that introducing such measures can cause a collapse to the housing industry, which will also impact 180 upstream and downstream industries within the ecosystem, and eventually affecting the economy as well.

"For this new Act, we propose that the consent threshold be no less than 80%.

Below is a letter addressed to Minister of Housing and Local Government Nga Kor Ming which has been reproduced without edits.

The Madani Deposit could provide up to RM30,000 financial assistance for first-time homebuyers.

Housing and Local Government Minister Nga Kor Ming “Currently, without escrow accounts, a developer can transfer funds from Project A to Project B, leading to Project A becoming abandoned.