Who Will The Urban Renewal Act Ultimately Benefit

Jamie Tan, Managing Director, JLL Malaysia

25-Feb-25 08:45

Who Will The Urban Renewal Act Ultimately Benefit

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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,

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