Land market value considerations in Malay reserve land replacements: a case study of Selangor, Malaysia

The Malay Reserve Land (MRL) is one of the rights of the Malays and has become the main agenda in Rancangan Malaysia Ke-12 (RMK-12) to enhance the socioeconomic advancement of the Bumiputera community. However, it has been found that there is a gap between "value" and "size" in the management of the cancellation and replacement of the Malay Reserve Land during the acquisition of land for public purposes or public facilities in the state of Selangor. Therefore, this study aimed to investigate the replacement characteristics of Malay Reserve Land. Expert validation for the reformative of Malay Reserve Land replacement characteristics was conducted through semi-structured interviews with five (5) selected respondents (experts). The respondents included experts from diverse backgrounds, such as academics, government officials, industry representatives and Non-Governmental Organisations (NGOs). The study found that most experts agreed land market value is significant in Malay Reserve Land replacement characteristics. Therefore, the experts urge stakeholders to consider making amendments or reforms to the replacement characteristics of Malay Reserve Land or relevant legislation, aiming to enhance the economic development, particularly for the Malay community.