Malaysia legislation
Section 31
Section 31
(a)
acquire or purchase land, including land lawfully held under native customary rights;
(b)
build or provide houses belonging to the Corporation in exchange for land required or suitable for the provision of housing accommodation or creation of housing estates; and
(c)
enter into joint venture with any housing developer for the development of land for the provision of housing accommodation.
(2)
Notwithstanding subsection (1), where any area or site has been designated or reserved by the State Planning Authority for housing accommodation as a condition for approval of subdivision or development of land under Part X of Land Code [Cap. 81 1958 Ed.]
to a housing developer—
(a)
the Corporation may, in lieu of such development by the housing developer, enter into agreement or arrangement with the housing developer for the development by the Corporation of the area or site so designated or reserved, or any alternative area or site to be approved by the State Planning Authority; and
(b)
on payment by the housing developer of such amount as may be determined by the Minister.
[Sub. Cap. A159/2013]
Vesting of land