HBA questions wisdom of replacing walk-ups with skyscrapers
The Star Online - Metro·2024-09-30 08:06
THE proposed Urban Redevelopment Act (URA) has raised concerns about the rights of minority homeowners, particularly those who had spent years paying off their home loans and building their lives in these communities.
While the National House Buyers Association (HBA) supports development and recognises the need to modernise ageing properties, its honorary secretary-general Datuk Chang Kim Loong expressed concerns over the 75%-80% owners’ consent threshold for en bloc sales, as it disregards the wishes of long-term homeowners who may not wish to participate.
……Read full article on The Star Online - Metro
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