Kempas Baru, Johor agricultural land sold for RM620k | DONE DEAL
Four Seasons Place, Kuala Lumpur condo unit sold for RM9.
Four Seasons Place, Kuala Lumpur condo unit sold for RM9.
This article first appeared in the Industrial Special Report in November 2025.
On Jan 23, the Madani Cabinet took the rare step of withdrawing the Urban Renewal Bill (URA Bill)—originally slated for its second reading in Parliament—for comprehensive revision.
PETALING JAYA (Feb 6): Clear compensation provisions must be stipulated in the Urban Renewal Act, says a legal expert.
Empire Soho, Selangor office rented for RM2.
KUALA LUMPUR (Jan 23): The National House Buyers Association (HBA) of Malaysia today stated its appreciation and gratitude to the Cabinet for its decision to retract the Urban Redevelopment Bill (URA).
PETALING JAYA (Jan 22): The National House Buyers Association Malaysia (HBA) has welcomed the move to require greater disclosure and early consultation in urban development, and stresses that democratic participation must take place before decisions affecting communities are finalised.
The proposal to use a 30-year building age as a redevelopment trigger under the Urban Renewal Act (URA) Bill (now in Parliament) remains fundamentally unsound, even with the Housing and Local Government (KPKT) Minister Nga Kor Ming’s latest suggestion of “reviewing” it.
Much of the discussion has centred on Malaysian owners, but foreign residents, especially Malaysia My 2nd Home (MM2H) visa holders who own properties, also need to understand how the URA might affect them.
Mazuki Abdullah replaces current group managing director and chief executive officer Mohamad Damshal Awang Damit, who will retire upon the completion of his contract on Dec 31, 2025.