The concept of redevelopment – where homeowners exchange their current property titles for a future home unit or monetary compensation – is relatively new in Malaysia. Despite this, many Kuala Lumpur residents have already experienced years of haphazard redevelopment attempts by developers and unscrupulous middlemen.
The anticipation of the upcoming Urban Renewal Act (URA) has further fuelled a surge in redevelopment activities, particularly in areas where many B40 and M40 communities reside.
Already a subscriber? Log in
Save 30% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
