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Experts question 30-year threshold in urban renewal proposal

Summary by Penang Property Talk
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% for abandoned buildings. At the “Civic Lens: Urban Renewal Act Forum” held on Tuesday, Datuk Chang Kim Loong, secretary-general of the National Hou…
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Experts question 30-year threshold in urban renewal proposal

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% for abandoned buildings. At the “Civic Lens: Urban Renewal Act Forum” held on Tuesday, Datuk Chang Kim Loong, secretary-general of the National Hou…

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Penang Property Talk broke the news in on Sunday, March 30, 2025.
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