URA has potential to attract investments

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PETALING JAYA: Property experts and consultants believe that the Urban Renewal Act (URA), set to be tabled in Parliament in July, has the potential to attract investment opportunities and improve living conditions.

Moreover, he explained that large-scale urban renewal projects require significant investment and come with risks such as cost overruns, delays, or economic downturns.“Poorly managed projects could lead to stalled developments, financial losses, or incomplete infrastructure, placing a burden on both investors and affected communities.

Previn also warned that if renewal efforts are primarily guided by financial feasibility, there is a risk that broader urban planning objectives such as environmental sustainability, public spaces, and community well-being may be overlooked.“Renewal should not just maximise returns, but also enhance liveability, inclusivity and long-term urban resilience.

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Article Details

Author / Journalist: EUGENE MAHALINGAM

Category: EconomyBusiness

Markets: MalaysiaAustraliaHong KongSouth KoreaSingaporeUnited States

Topics: Property Urban Renewal Act /Business/Business News Zerin

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-07 @ 00:00:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 1159 words

Reading Time: 7 minutes read

Sentences: 26 lines

Sentence Length: 45 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 27633477

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

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