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Urban Redevelopment Act (URA), Which condo's will be effected 1st
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TSJohn.B
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Mar 31 2025, 11:28 AM, updated 8 months ago
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New Member
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If the URA comes into action, which properties will be the 1st target or easy target by developers?
Will it be leasehold condo/apartments in prime area with lease remaining less than 40 years?
Or will be all condo/apartments in prime area that are already more than 50yers old?
or will it be problematic condo/apartments in prime areas such as those struggling with Mastertitle and already old- like Bukit OUG condo?
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TSJohn.B
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Mar 31 2025, 12:52 PM
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New Member
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QUOTE(mini orchard @ Mar 31 2025, 12:16 PM) Tq. This is an excellent analysis. Though its done in 2018 the key phrase is "i have no means of contacting all 560 owners of the land title" With the new URA act...there is NO NEED to get consent from all owners...i think the threshold going to be 60% only...the rest has to evict either they like or not and accept the compensation. Even in this Rampai analysis shows a profit of around 100k as compared to market value but in the end they will lose their house and very likely unable to purchase a new unit in the new high rise development due to high prices eventually all condos in malaysian cities have to face this problem...its just a matter of time but many are still not aware even active real estate agents
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TSJohn.B
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Mar 31 2025, 12:58 PM
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New Member
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QUOTE(mini orchard @ Mar 31 2025, 12:16 PM)  This r the first targeted areas. But with 60% or 30% agreement threshold it may come to our doorstep sooner i guess.
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