00:00Task Force Project Perumahan Swasta Sakit dan Terbengkalai.
00:04Setakat ini, everyone knows that, since I was given the task to work with NKPKT,
00:14together with Dato' KSU, we have set up a special task force,
00:18led by our Deputy Minister, before that was YB Ahmad, now it's Dato' Aiman,
00:24where we have completed 704 projects this morning.
00:33Projects that I inherited from the past.
00:37Where the GDP is very high, 58.94 billion.
00:43But more importantly, you may ask how many homeowners have we managed to save?
00:49More than 80,000 homebuyers finally see the lights at the end of the tunnel.
00:59This is very, very important. It will be a game changer for the country's city landscape.
01:06First, the renewal of the urban renewal act.
01:16Hopefully, God willing, by 2025.
01:20Where we are now, the guidelines have already been approved by the Prime Minister.
01:28Why do we need this renewal act?
01:31Now, there is a problem. I'll give you an example.
01:34In KL, there are a lot of flats that are very bad and dive.
01:38Always appear in your paper, right?
01:41But our hands are tied.
01:43We are not able to rebuild.
01:47Because of the current act, Act 757, Section 57, Section 6,
01:54said that you have to get 100% consent threshold before you can be allowed to rebuild the building.
02:04I'll give you an example.
02:06In a condominium, there are 500 units.
02:10499 owners agree to start a business.
02:15One person doesn't want to.
02:17It can't be.
02:18So, do you think it's fair?
02:21Do you think that fellow's interest prevails over the other 499.9%?
02:26But this is exactly what is happening now.
02:28That's why the PM and the KPKT are doing their own research.
02:34We do the best comparative studies with Hong Kong, Shanghai, Tokyo, New York, and the rest.
02:41We found out that the highest consent threshold under urban renewal, the highest is Singapore.
02:48Any building below 10 years old is 90% consent threshold.
02:51Any building above 30 years is 80% consent threshold.
02:56Whereas, for Tokyo, it's only 60%.
02:59Shanghai, two-thirds majority.
03:01Only Malaysia, 100%.
03:04This makes the entire cities old, dilapidated.
03:09Secondly, the RTA, Rent Tendency Agreement Act.
03:15Now, many people are complaining.
03:18There are also issues with rent, mortgage, and renovation.
03:25But there's no specific act to protect the tenant as well as the owner.
03:30Let me be fair.
03:32This ministry, we don't cite anybody.
03:35I'm sitting here in the middle, always listen to both sides.
03:39Everybody, we listen.
03:41KPKT has a three-open policy.
03:44What is the three-open policy?
03:46Open door.
03:48Open mind.
03:50Open heart.
03:51We listen.
03:52That's why after meeting you now, I'm going to see Maria.
03:57The Malaysia Strategic Alliance for Circular Economy.
04:00Plastic manufacturers, they are coming to see me at 11 o'clock.
04:04We meet everyone.
04:05I'll give you an example.
04:07We are just one to be fair.
04:19Let us be fair.
04:21The word fair is very important.
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