News about KPKT

PEPS president Subramaniam Arumugam: Micromanaging the real estate sector in this sector in this manner, particularly through a government bureaucracy, may not align with investor-friendly policies.

Aside from the completion of a number of housing projects for the rakyat, KPKT also introduced a number of guidelines for urban planning and sustainable developments in our cities that will be set in motion over the next few years.

KPKT is also proposing a consent threshold of a simple majority, which is 51% for abandoned projects to be redeveloped.

A new Act will surely come with its own set of challenges, but is KPKT capable of monitoring it when it has not been able to resolve the current spate of problematic projects? The Ministry of Local Government Development (KPKT) has recently announced that the Urban Renewal Act will be tabled next year.

To incentivise towns and cities to transition into Smart Cities, the Ministry of Local Government Development (KPKT) will provide a RM200,000 grant to local authorities that win the Malaysia Urban Planning Awards (MUPA) starting next year.

BTS would also mean buyers could decide based on the finished product, which would inadvertently lead to improved workmanship and material quality.

“The ministry has also taken action to freeze 20 housing development accounts (HDA) for projects in the sick category.

Deputy Local Government Development Minister Akmal Nasrullah Mohd Nasir said the government is currently studying to amend the Advertising Permit and Developer’s License Act (Act 118).

Minister of Local Government Development Nga Kor Ming said the programme aims to ensure that CPOs adhere to the planning and fire safety guidelines provided by PLANMalaysia and the Malaysian Fire and Rescue Department (JBPM).

Nga stated that the new act will allow more urban redevelopment in Kuala Lumpur, as well as, all the other cities in the country.