The efficient urban governance in managing and enhancingudcompetitiveness of property markets in Kuala Lumpur city-region

摘要

This article discusses on the preliminary study of efficient urban governance (EUG) towardsudenhancing competitiveness of the property market with regards to the performances of the shoppingudcomplexes and office sectors in the Kuala Lumpur city-region (KLCR). City-region competitivenessudis currently one of the major tasks in the country’s development agenda. The issue is more obviousudwhen the city-region acts as an engine of growth to help attaining a fully developed nation by 2020.udBearing in mind that the urban governance is one of the key players to spearhead the city regionudeconomy and the property market in particular, the roles of urban governance in managing andudenhancing the competitiveness of property markets is crucial. Nevertheless how well does the urbanudgovernance enhance the efficiency of local authorities (LAs) in city-region is understudied. Anotherudaspect is the extent of the EUG initiaties to boost the property market within city-region. Based on audstudy carried out in 2009 and the Kuala Lumpur City Plan 2020, and the National PropertyudInformation Centre (NAPIC) 2009 act as the basis of discussion., this article discusses theudperformances of the property market in city-region economy. The study found that the main challengeudof enhancing competitiveness of property sector in city-region is the implementation of efficient urbanudgovernance by LAs. One crucial prequisite is the existence of urban governance that integrates alludsectors including public, private and other social organisations in participatory decision making. Inudparticular, EUG helps to speadhead the city region and property market as the principles ofudsustainability, subsidiarity, equity, transparency and accountability, civic engagement and citizenshipudand security are secured and in practiced