Ripe for redevelopment

TheStar Sat, Jun 01, 2019 09:20am - 4 years View Original






Successful sale: Former Prime Minister Datuk Seri Najib Razak cutting the ribbon to officially launch the 1Razak Mansion on March 15, 2017.

Successful sale: Former Prime Minister Datuk Seri Najib Razak cutting the ribbon to officially launch the 1Razak Mansion on March 15, 2017.

THE case for urban renewal has become a topic for debate lately, especially with the government recently announcing that it is mulling the idea of enacting new laws relating to the redevelopment of old buildings in the country.

In April, Federal Territories Minister Khalid Samad told the Dewan Rakyat that the government will be putting forward a new piece of legislation to ensure an effective and implementable urban renewal process.

This could bring about some much needed finality and certainty in how the process of urban renewal is done in Malaysia, usually via collective or en bloc sale.

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