A new policy aimed at boosting Malay property ownership will be introduced for the redevelopment of Kampung Sungai Baru, Minister in the Prime Minister’s Department (Federal Territories) Datuk Seri Dr. Zaliha Mustafa announced.
She stated that the Federal Territories Department has been tasked with drafting and studying the implementation of this policy, which includes creating affordable ownership categories for Malays in the redevelopment. This may involve government-linked companies (GLCs) with strict conditions ensuring replacement housing is exclusively owned by Malays.
Dr. Zaliha outlined that the policy would include affordable Malay condominiums, SOHO units, shop houses, and office spaces, alongside continuing the Residensi Madani and Residensi Wilayah projects.
She also instructed developers to form a task force to ensure the protection of Malay ownership interests and expressed urgency in expediting the redevelopment, which has faced delays for nearly nine years.
She stated that the Federal Territories Department has been tasked with drafting and studying the implementation of this policy, which includes creating affordable ownership categories for Malays in the redevelopment. This may involve government-linked companies (GLCs) with strict conditions ensuring replacement housing is exclusively owned by Malays.
Dr. Zaliha outlined that the policy would include affordable Malay condominiums, SOHO units, shop houses, and office spaces, alongside continuing the Residensi Madani and Residensi Wilayah projects.
She also instructed developers to form a task force to ensure the protection of Malay ownership interests and expressed urgency in expediting the redevelopment, which has faced delays for nearly nine years.
