KUALA LUMPUR, Feb. 24 -- Putrajaya's plan to table the Urban Renewal Bill this year has raised concerns among homeowners who fear the law could enable forced sales of their properties.
Central to their anxiety is the proposed lower threshold for consent to approve the en bloc sale of buildings. The National House Buyers Association (HBA) has warned the move could create a backdoor for developers to acquire properties for high-end redevelopment, potentially displacing poorer communities.
In response, the Ministry of Housing and Local Government (KPKT) clarified that the Bill would include clear safeguards. On February 21, the ministry released a draft of the proposed Urban Renewal Act for public feedback.
Here are the safeguards proposed ...