Housing developers near LRT or MRT stations are urged to reduce parking bays to lower property prices and encourage public transport use
SERDANG: Housing developers are urged to consider reducing the number of parking spaces in new projects developed near public transport stations.
Transport Minister Anthony Loke said the proposal had been submitted to the Housing and Local Government Ministry.
He noted that the current requirement of one or two parking bays per residential unit was among the factors contributing to higher property prices.
“For projects close to public transport stations such as the LRT or MRT, parking requirements could be lowered to encourage residents to use public transport,” he said.
Loke was speaking at a press conference after officiating the new Multiplex Land Sdn Bhd office building and the pre-launch of Residensi Alamanda Heights.
He said several transit-oriented development projects in Kuala Lumpur had been allowed to apply for relaxation of parking requirements from local authorities.
Responding to concerns that many households own more than one vehicle, Loke clarified the proposal applies only to new developments.
It is primarily aimed at young residents living near urban rail networks.
“If they live close to public transport stations, the need to own a car may be lower,” he said.
He added this can also help reduce their living costs.
Loke said the initiative is intended to support a long-term shift toward a lifestyle that depends more on public transportation. – Bernama
