In a decisive move to tackle the persistent issue of abandoned housing developments, Malaysia’s government has announced plans to offer significant incentives to property developers who commit to a “build‑then‑sell” strategy. This measure, which will be incorporated into the forthcoming 13th Malaysia Plan (13MP), is intended to ensure projects are completed rather than stalled, with the ultimate goal of eliminating abandoned housing schemes by 2030.
Housing and Local Government Minister Nga Kor Ming revealed that full details of the incentive framework will be unveiled following the 2026 Budget, signaling a proactive shift toward preventing the recurrence of halted developments.
Speaking at the REHDA Fellowship Dinner 2025 in Ipoh—an event attended by industry leaders including REHDA Malaysia President Datuk Ir Ho Hon Sang and REHDA Perak Chairman Ir Loh Ban Ho—the Minister emphasized the imperative to uphold public welfare by ensuring housing projects reach fruition.
Beyond the incentives for “build‑then‑sell” developers, the government is also advancing the Urban Renewal Bill, which is slated for its second and third parliamentary readings in the near future. Minister Nga described this Bill as a pivotal instrument for revitalizing aging urban areas and safeguarding the well‑being of residents, stressing that urban revival is not a matter of convenience but a national priority.
To ensure the Bill delivers fair and balanced outcomes, the government will establish mediation committees at both federal and state levels. These bodies will oversee the execution of redevelopment efforts, providing ongoing oversight and facilitating stakeholder collaboration to achieve mutually beneficial results.
Minister Nga presented Razak Mansion and Residensi Kerinchi as successful case studies in urban renewal—highlighting increases in property values and noticeable improvements to residents’ quality of life.
Thus far, the ministry has conducted over 105 engagement sessions with a broad spectrum of stakeholders—ranging from federal and state agencies, academic experts, industry players, to resident associations—to ensure the legislation is both comprehensive and inclusive.
Concluding his remarks, Nga summoned members of Parliament to lend their support to the upcoming readings of the Urban Renewal Bill, underlining that leadership necessitates bold and decisive action in the national interest.
