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The property developer said ongoing projects including The MINH, Serene Heights, Residensi ZIG, and Residensi AVA in the Central region, along with Senadi Hills, Aspira Hills, and Aspira LakeHomes in the Southern region all recorded steady operational progress.

“Not only does the Act acknowledge the importance of property rights while also addressing the need for urban renewal, it also proposes a balance between these two needs, ensuring that redevelopment efforts are fair and beneficial to all involved.

Urban renewal should be viewed not merely as a development concern, but as a critical public health and safety priority.

He said this was in line with the "no less favourable" condition stipulated under the Act, which allowed homeowners to receive a new unit that was better than the existing one.

State Housing and Culture Committee chairman Datuk Borhan Aman Shah said the aid, amounting to RM2,000 per month, was transferred directly into the victims’ accounts by the Selangor Housing and Property Board (LPHS).

Prime Minister Datuk Seri Anwar Ibrahim: “There are people living in public housing flats that are over 50 years old, in overcrowded, uncomfortable conditions, plagued by serious social and disciplinary issues, all due to prolonged pressure and neglect”.

Quarterly earnings per unit rose to 2.

While recognising the significant merits of the proposed Act in advancing urban renewal, MIP added that there “remains an opportunity to further enhance certain provisions to strengthen clarity, inclusivity, and practical applicability”.

E Trend Realty achieved a total commission payout of RM45 million, representing a 45% year-on-year increase in 2024.

“The principles of land valuation, compensation calculations, and the legal framework governing land acquisition must be reviewed to reflect current market trends,” said Prof Dr Ismail Omar in the forum.