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Urban renewal updates on Property Developers, Sharing updates for property concerns
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Micky78
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Mar 30 2025, 08:35 PM
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QUOTE(Wing Yee @ Mar 25 2025, 10:53 AM) With the new Act, if consent from 80% of owners has been obtained, the developer doesn't need the remaining 10 units' owner approval. Prior to this, approval is 100%. Also, we need to look at what the developer has offered, the reasons of remaining 10 owners not taking the offer, could it be asking for more money, etc. My parent had a unit at Taman pertama and offered a good deal, the downside is that the developer had a "incomplete' project but was not in blacklist list yet. The risk of similar could happen if we take up the offer.
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Micky78
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Aug 30 2025, 10:57 PM
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one of the dispute rules in URA is that the minister has the power to appoint developers for the redevelopment.
let see what changes will be amended in the coming Oct parliament. but i wont place a high hope on NKM
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Micky78
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Aug 31 2025, 03:22 PM
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QUOTE(nexona88 @ Aug 31 2025, 12:10 PM) If indeed no change to this... Sure it's would create another backlash year end... And developers sure would "butter-up & cosy" with the minister... Especially in KL.... Too much opportunity around 💵🤑 yup, exp those land near MRT LRT..
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