Housing and Local Government Minister Nga Kor Ming has assured that property owners involved in housing renewal projects under the proposed Urban Renewal Act (URA) will receive compensation exceeding market value. Citing past redevelopment successes, Nga pointed to the Razak Mansion Flats in Bandar Tun Razak and Kampung Kerinchi in ... Read More

The proposed Urban Renewal Act (URA), set to be tabled in June, has sparked concerns among property owners and industry experts. The Housing and Local Government Ministry’s bill sets the consent threshold for redevelopment at 80% for buildings aged 30 years, 75% for those older than 30 years, and 51% ... Read More

The Penang state government has opened a Request for Proposal (RFP) for a redevelopment project in Mak Mandin, covering over 10 acres of land with decades-old flats. This initiative aims to rejuvenate the area, introducing modern and sustainable development while enhancing the living conditions of the local community. The registration of interest ... Read More

The government will draft a new bill on urban development, which will among others set "consent thresholds" for redevelopment. Presently, redeveloping a building requires a hundred per cent approval from residents. Housing and Local Government Minister Nga Kor Ming said this requirement could lead to unfairness if the majority of ... Read More

The State Government through the Urban Redevelopment Committee (URC)  is advised to implement redevelopment for housing projects owned by the Penang Development Corporation (PDC) around Pintasan Cecil and Weld Quay. Pengkalan Kota State Assemblyman (ADUN), Danial Gooi Zi Sen said, the move is appropriate as the housing projects are developed with a ... Read More