Who Will The Urban Renewal Act Ultimately Benefit
Jamie Tan, Managing Director, JLL Malaysia
25-Feb-25 08:45
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The government is set to table the Urban Renewal Act this year as a way to address ageing infrastructure and housing shortages. At its core, the URA will lower the threshold for en bloc sales, making it easier for developers to acquire ageing strata properties. Detractors say this benefits property developer more than the ordinary rakyat. Jamie Tan, Managing Director of JLL Malaysia shares his thoughts.
Image Credit: Shutterstock.com
Produced by: Aimi Azreena, Aghilen Sankar, Jake Lim
Presented by: Wong Shou Ning, Keith Kam
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Categories: economy, markets, government, Law/Activism
Tags: ageing infrastructure, en bloc sales, urban renewal act, urban development, housing shortage, strata,
