JOHOR BARU: The Urban Renewal Act (URA) is set to bring significant changes to Johor Baru including boosting the property value here, says a builder’s guild.

Johor Master Builders Association (JMBA) president Dr Kong Weng Keong said the Act can also help improve public infrastructure and enhance the city’s appearance and functionality.

“As redevelopment projects progress, property values are expected to rise.

“This increase will benefit property owners and contribute more to the local economy through higher property taxes, attracting more investments, and fostering economic growth.

“The URA will also upgrade public infrastructure, including transportation networks, utilities, and public spaces.

“Improved transportation will enhance connectivity and reduce traffic congestion, while modernised utilities like water, electricity, and waste management systems will improve the quality of life for residents,” he said when commenting on Housing and Local Government Minister Nga Kor Ming’s statement that the proposed URA aims to restore the vibrancy and attractiveness of old areas.

Kong added that new parks and recreational areas will promote community wellbeing and environmental sustainability.

“These improvements will make urban areas more visually appealing and functional, attracting more residents, businesses, and tourists.

“Johor Baru is set to become a cultural and social hub, enhancing its overall attractiveness.”

However, he said there are concerns about preserving historic buildings and cultural heritage, adding redevelopment efforts must balance modernisation with the preservation of the city’s identity and character.

“Balancing redevelopment with the preservation of historic buildings and cultural heritage is essential.

“This involves the adaptive reuse of historic buildings and integrating them into new developments.

“Establishing strict heritage conservation policies and involving experts in the planning process can help protect the city’s identity and character,” he said.

Another challenge is the complex coordination needed to implement the URA, he added.

“Effective cooperation among various agencies and stakeholders is crucial; the government should set up a dedicated task force to streamline the process.

“This task force could include representatives from the Malaysian Institute of Architects, the Institution of Engineers Malaysia, the Royal Institution of Surveyors Malaysia, the JMBA, and other relevant bodies.

“A clear roadmap for implementation, monitoring, and review will help manage the process efficiently and avoid delays,” he said, adding that community involvement is also vital for the successful implementation of the URA.

Earlier, Nga was reported as saying that the proposed URA, which is set to be tabled in Parliament by the first quarter of 2025, will govern urban renewal and redevelopment.

https://www.thestar.com.my/news/nation/2024/07/09/ura-to-boost-property-value-in-johor-says-builders-guild