Taman Desa, TTDI projects may not benefit from luxury property freeze


Gan Pei Ling

Urban Wellbeing, Housing and Local Government Minister Noh Omar says the moratorium to ease the current property glut only applies to projects awaiting approval. – The Malaysian Insight file pic, November 23, 2017.

URBAN Wellbeing, Housing and Local Government Minister Noh Omar was coy about how controversial projects in Taman Desa and Taman Tun Dr Ismail would be impacted by the government’s freeze on high-end development projects, saying the moratorium to ease the current property glut only applied to projects awaiting approval.

He said Prime Minister Najib Razak had instructed all 139 local authorities nationwide to halt approvals for residential projects involving units priced above RM1 million each, as well as for shopping malls and office spaces until the existing glut is cleared.


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