PUTRAJAYA: The Housing and Local Government Minister hopes to table six Bills within the next three years, including a proposed Urban Renewal Act and Residential Tenancy Act.
Nga Kor Ming said the Urban Renewal Bill will be tabled during the first parliamentary meeting next year.
“It will allow rebuilding of aged buildings without 100% consent of all the owners,” he said during the presentation of a half-year report on the ministry here on Friday (Aug 2).
Nga explained that in cities such as Tokyo and Shanghai, only 60% ownership consent was needed for rebuilding.
In Singapore, meanwhile, the consent rate is 90% for buildings over 10 years old, and 80% for those 30 years and above.
Malaysia also has yet to have a set of laws governing rental agreements, Nga noted.
The next four Bills will seek to amend the Housing Development (Control and Licensing) Act 1966, Fire Services Act 1988, Local Government Act 1976, and Town and Country Planning Act 1990.
Amendments to the Housing Development Act would specifically tackle abandoned projects, Nga said.
He noted that from January to June, the ministry had restored five abandoned projects and 247 sick projects with a total gross development value of RM19.13bil.
“More than 8,000 buyers can finally see light at the end of the tunnel,” he said.
