As a result of climate change and globalisation, there is growing concern to regenerate decayed parts of the cities. Urban regeneration includes existing post-industrial areas, abandoned waterfronts, historic conservation and recycle and reuse of older building stock. In Malaysia, urban regeneration in the form of historic conservation, recycle and reuse of old building stock is still at its infancy although efforts have been made by major cities to retain their historical and traditional urban precincts. The Kuala Lumpur Metropolitan Region (KLMR) is one of the fastest growing conurbations in Southeast Asia. This paper discusses the notion of urban regeneration and promotes it as a leading tool for transformation of Kuala Lumpur Metropolitan Region (KLMR). The research methodology is based on identification of the problem and main objective. The major findings of the research revealed that the promotion and encouragement of urban regeneration of the traditional building stock is a better alternative to fast-track redevelopment. The introduction of urban regeneration programme will also involve stakeholders and the community and as such contribute to reinventing the already diminishing tropical urban environment and creating a unique sense of place and identity.