“In today’s urban landscape especially in city centres, where residential units are often part of mixed developments due to land scarcity, subjecting these units to SST will inevitably lead to increased housing prices, ultimately impacting homebuyers who will have to bear the brunt.
“Without a clear master plan led by the government, redevelopment risks becoming messy, disjointed, and even socially divisive,” said Mohamed Rafick.
Other planned initiatives include securing additional exclusive mandates on mixed-use and industrial developments, as well as curating more bespoke project marketing and tender advisory services for its clients.
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“Developers are not the drivers of this process.
“SCEKL25 will serve as a platform for policy to project collaboration, investor engagement, technology showcases, and real-world urban solutions from smart city mobility to predictive energy systems,” said Digital Minister Gobind Singh Deo at the SCEKL25 launch event at the Kuala Lumpur Convention Centre.
The additional NEM 3.
This weekend, explore move-in-ready units in Bukit Ceylon, Bukit Jalil, Puchong, and Seri Kembangan.
NEM Rakyat is one of three key categories under the NEM 3.
“In essence, smart construction, while leveraging technology and data to optimise resource use, reduce waste, and minimise environmental impact, will ultimately lead to more sustainable buildings and construction practices.
The proposed Real Property Development Act will cover mixed developments, including retail and commercial properties, the Ministry of Housing and Local Government said in a statement over the weekend.
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