This post has been edited by Wing Yee: Mar 21 2025, 02:16 PM

Proposed draft of the Urban Renewal Bill

Consultation Period 21/02/2025 - 31/03/2025 (Due in 7 days)


https://upc.mpc.gov.my/csp/sys/bi/%25cspapp...n.cls?regId=957

Instead of only having the government + Property Developer

Do you agree to a suggestion for Civil Society to sit in the various Committees listed in the proposed Urban Renewal Act ?

Can residents go through situations like in Taman Desa?




https://themalaysianreserve.com/2024/07/22/...-in-taman-desa/

Below is an important concern from a property owner regarding the Urban Renewal Act:


"when i entered into the Sales and Purchase agreement, I was told I was the owner.
then some 30 years later, not even 99 years per leased hold tenure, whether i get to stay or not depends on my neighbor.
what's wrong with this picture?"

Or we can do nothing?

bad things happen when good people do nothing

Please share your comments with them people drafting the law




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A very good question.

It not easy to differentiate people with own agenda.

We can participate with open heart and mix with those we think are sharing our good intentions.

If we do nothing, once the law is seen as more siding with the property developers, good luck to those kena buly and have to go to tribunal or court to protect your property rights.

https://www.freemalaysiatoday.com/category/...pment-projects/

This post has been edited by Wing Yee: Mar 25 2025, 10:59 AM


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Do you agree with below statement from National House Buyers Association :


“The URA law will probably be the most important Act that will forever change how land and properties are owned where dissenting groups will be left in the lurch to fend for themselves. In fact, the entire landscape of property (stratified and landed properties: residential or commercial ownership – both for Malaysians and foreigners – will be affected”


Read more here:

https://www.edgeprop.my/content/1911945/how...al-constitution

A friend asked me to put in his comments:


If the urban renewal process is not carried out transparently, it can lead to:

1. Misappropriation and Corruption

Without transparency, developers may make secret agreements with certain parties to maximize profits, disregarding the rights of the original residents.

2. Lack of Accountability

If there are no clear monitoring mechanisms, developers and local authorities may not be held accountable for the negative impacts faced by the original residents.

3. Manipulation in Consent

Studies or consent forms may be misused to suggest that residents support the new development, even though in reality, they were not provided with complete information or alternative options.

4. Injustice

Less knowledgeable or lower-income owners may be forced to agree to unfair terms due to pressure from developers or local authorities.

True... when consent from 80% reached, the remaining owners' objections or asking for more $$$ become futile?

The new Act did it mention anything about barrring developer with 'incomplete' projects?

As many developers set up subsidiary companies to be developer, does anybody has info if the blacklist so far has it any affect on the parent developer company ?

Minister answer but not completely:


https://x.com/NgaKorMing/status/1909157885587955818

KPKT minister said,

" Nga also pointed out that many property owners and tenants, particularly in strata developments, are facing declining property values due to poor management by "unqualified, inadequately trained, and dishonest property managers".

hrmmmp
The minister didn't say the problem source is the property developer + no enforcement by COB



https://www.youtube.com/watch?v=h-YcDb5mvPk


https://www.nst.com.my/property/2025/04/119...lead-redundancy

This post has been edited by Wing Yee: Apr 11 2025, 01:41 PM

The parent company is the culprit!!!





Chang also raised concerns about developers who used subsidiaries or associate companies to carry out projects — a tactic to spread risk and avoid accountability. He claimed that this was a common practice in the industry.

"From a tactical sense, it is a smart move. When one project fails, the parent and other companies are not affected. They are separate legal entities in law.

"These problematic developers will set up separate companies to undertake development to circumvent blacklisting.

"What is stopping these individuals from forming other companies using proxies? They will not use the same board of directors, whose names appear in the Housing Ministry's records."

https://www.nst.com.my/news/nation/2025/04/...ers-charge-them