KUALA LUMPUR Feb 26, 2025 – Housing & Local Government Minister Nga Kor Ming revealed the government’s proactive approach to addressing the issue of abandoned, ‘sick’ properties at MAREC 2025.

Nga Kor Ming stated his target in having zero ‘sick’ properties across Malaysia by 2030, as The Urban Renewal Bill will follow suit later on sometime this year. However, there has been many misconceptions on this initiative.

“To dispel any misunderstanding surrounding this legislation: the bill offers a golden opportunities to revitalize sick urban areas and unlocking their strategic potentials,” he says.

This enhancement of urban preservation will also protect old heritage buildings in a careful restoration and repurposing plan. By encouraging adaptive reuse, the bill will help preserve the cultural and historical value of urban spaces while upgrading the city’s infrastructure.

Kuala Lumpur As Tourist’s Pick

In 2024, Kuala Lumpur was ranked as the 10th most popular city around the globe, attracting approximately 16.5 million visitors from various backgrounds. “We are expecting Visit Malaysia Year 2026 to be a remarkable one, as we are targeting to bring 35 million tourists, and even more money to the city,” says Nga Kor Ming.

The minister stressed the importance of tapping on this opportunity and riding the momentum in order to place Kuala Lumpur at the forefront of global travel destinations, cementing it’s popularity as a must-visit city.

MADANI For Inclusivity

In a joint effort to nurture the country’s real estate sector, the Housing Minister calls for all joint efforts as everyone plays an important role in this strategic approach. Aligning with Malaysia’s ASEAN Chairmanship 2025 theme “Inclusivity and Sustainability,’ the government assures that both the low and middle income class will not be left behind.

He proceeded to quote, “One for the rich and powerful, one for the poor and powerless.” He proudly announced that RM1 billion has been accumulated not only to built, but also transform people living programs.

He urged the public to acknowledge the government’s plan in upgrading PPR units to PRR, and around 15,000 Rumah Mesra Rakyat for B40s will be in construction.

What’s Next For Malaysia?

The Housing & Local Government Ministry wholeheartedly supports MIEA’s steadfast efforts in nurturing Malaysia’s property sector. Together, they aim to build sectors that are not only marketable but, more importantly, sustainable. In his closing remarks, Nga Kor Ming emphasized the significance of fostering steady, healthy growth in the property market, cautioning against rapid expansion that could lead to sharp declines, ultimately affecting real estate professionals.