KUALA LUMPUR -- Malaysia is pushing forward with an ambitious plan to overhaul its aging urban landscape through a redevelopment bill, but concerns about overdevelopment and homeowners' fear of displacement are already testing public confidence in the initiative.
The Urban Renewal Bill, set to be tabled in parliament this year, will lower the threshold for redevelopment projects from requiring 100% property owner consent to 75% for buildings over 30 years old and 51% for abandoned projects or buildings. For buildings under 30 years old, the threshold will be lowered to 80%.
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