Govt in final stage of drafting Urban Redevelopment Act, says Nga

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HONG KONG: The housing and local government ministry is in the final stage of drafting Malaysia’s first Urban Redevelopment Act (URA), which it aims to table in the Dewan Rakyat soon, says its minister, Nga Kor Ming.

HONG KONG: The housing and local government ministry is in the final stage of drafting Malaysia’s first Urban Redevelopment Act , which it aims to table in the Dewan Rakyat soon, says its minister, Nga Kor Ming.

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According to Nga, some places in Kuala Lumpur and even Petaling Jaya could become slum areas in 20 years and this could lead to many ugly, dilapidated, unliveable strata properties, if there is no intervention.

Source: Real Estate Daily Report (realestatedailyreport.net)

 

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