Incentives for developers to end abandoned projects by 2030
The government will offer incentives to property developers who adopt the “build and sell” model as part of efforts to eliminate abandoned housing projects by 2030.
Housing and local government minister Nga Kor Ming said the incentives will be detailed under the 13th Malaysia Plan (13MP).
“Developers who successfully implement the ‘build and sell’ approach will receive government incentives. The new policy will be announced after the (tabling of the) 2026 budget,” he told reporters at a Real Estate and Housing Developers’ Association (Rehda) dinner here last night.
Nga also reaffirmed the ministry’s plan to table the Urban Renewal Bill for its second and third readings in Parliament, calling it essential to public welfare.
He said the bill would protect…
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