Constructive dialogue, sound policy needed for new urban renewal laws, says Rehda Institute
Urban renewal should be viewed not merely as a development concern, but as a critical public health and safety priority.
Urban renewal should be viewed not merely as a development concern, but as a critical public health and safety priority.
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.
A higher threshold of consensus should be required, such as 100% for buildings 60 years old and below, [and] 80% for buildings exceeding 60 years old.
Our concerns regarding the proposed URA are well founded and highlight critical legal and constitutional issues.
“Under the proposed Act, the government has no right to relocate any owners.
According to the draft, the consent threshold for participation is as follows: 80% for buildings of 30 years, 75% for buildings more than 30 years, and 51% for abandoned buildings.
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