Urban Renewal and Housing Policy Reform
During the meeting, ACCCIM expressed support for KPKT’s ongoing efforts to protect the rights and welfare of home and property buyers. On the proposed Urban Renewal Act, ACCCIM voiced concerns that a 100% consent requirement for redevelopment projects would allow a minority to block efforts by the majority of owners to sell or redevelop aging and often dilapidated properties—an outcome deemed unfair and counterproductive.
The Chamber advocated for a transparent open tender system in the selection of development partners for urban renewal projects. Such a system, they emphasized, would ensure the selection of commercially viable developers with the best proposals, leading to equitable and efficient project execution.
ACCCIM also recommended reforms to the Housing Development (Control and Licensing) Act 1966 (HDA), proposing that its coverage be broadened with practical and balanced regulations that can better serve the evolving needs of the housing industry.
Concerns Over Expanded SST Implementation
Addressing business concerns about the expanded Sales and Service Tax, ACCCIM raised issues related to its implementation timeline, the rising cost of doing business, potential operational disruptions, and disproportionate effects on consumers. A key concern was the lack of clarity and limited lead time for businesses to prepare for compliance.
In light of these issues, Datuk Ng urged the Government to defer the implementation of the expanded SST to January 2026. He also proposed a review of the tax rate, an increase in the threshold for taxable services, and broader exemptions, particularly for non-reviewable and reviewable contracts that require more flexibility.
Government Response and Way Forward
YB Minister Nga thanked ACCCIM for its constructive input and recognized the chamber’s role in supporting Malaysia’s economic development. He noted that Malaysia’s competitiveness ranking has risen by 11 spots to 23rd place among 69 economies, and that foreign investment continues to thrive. He reassured the delegation that their feedback would be brought to the attention of the Cabinet, and reiterated the Government’s commitment to collaborating with the business community to enhance Malaysia’s business environment.
In response, Datuk Ng expressed gratitude for the opportunity to engage meaningfully with KPKT, reaffirming ACCCIM’s commitment to public-private cooperation in driving Malaysia’s economic growth and strengthening the housing and development landscape.
