WITH the government’s proposed Urban Redevelopment Act (URA) set to revitalise 139 ageing areas in Kuala Lumpur, including many of the city’s older walk-up flats, residents are bracing for significant changes in their financial commitments.
Designed to modernise Kuala Lumpur’s older residential areas, the URA initiative may bring unexpected financial burdens, particularly for long-time owners used to paying low maintenance costs.
