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Mosaic Residences, developed by Cheras Traders Square Sdn.

Housing and Local Government Minister Nga Kor Ming accused opponents of the bill of “playing with sentiment and engaging in destructive politics”.

Under the MOU, Alliance Bank will offer the Green Commercial Property Financing loan scheme to purchasers of The Arden, where they can enjoy financing margins of up to 90%, including entry costs and insurance coverage.

The coalition consists of 75 residents associations led by KL Residents Action for Sustainable Development and PJ Sejahtera that represents eight residents’ associations in Petaling Jaya and four non-governmental organisations.

The property, measuring 12,176 sq ft, is presently leased and operating as a private maternity hospital.

KPKT said the Bill also upholds the principle of “no less favourable”, whereby each owner will receive a replacement housing unit that is larger, of higher value and equipped with modern facilities, without any additional cost.

“High-rises are producing rental yields in the 4.

The Members of Parliament have called for the Bill to be referred to two committees—Infrastructure, Transportation and Communications, and Women, Children and Community Development—and for a full social impact study to be commissioned.

Housing and Local Government Minister Nga Kor Ming tabled the bill, with its second and third readings scheduled for next Wednesday (Aug 27).

Seksyen 2, Shah Alam, Selangor bungalow sold for RM3.