Pahang reduces industrial category quit rent rates by 80%

​Pahang has announced the reduction of quit rent rates of up to 80 percent for the industrial category effective immediately

Pahang has announced the reduction of quit rent rates of up to 80 percent for the industrial category effective immediately.

Menteri Besar Datuk Seri Wan Rosdy Wan Ismail said the reduction was given via remission after an appeal from industry players on the new rates that came into force on Jan 1 this year.

“Through this remission, the industrial category quit rent is reduced to 50 sen per sq metre from RM2.50 per sq metre that was previously gazetted for 2020,” he said.

He was speaking at a press conference at Wisma Sri Pahang here today which was also attended by the State Secretary Datuk Seri Dr Sallehuddin Ishak and Pahang Land and Mineral director Datuk Nazri Abu Bakar.

Also present were Pahang Associated Chinese Chambers of Commerce and Industry chairman Tan Sri Lim Sing @ Lam Kam Seng and Real Estate and Housing Developers' Association's Pahang branch chairman Wong Kok Loon.

Wan Rosdy said the remission was also given to industrial areas that had higher quit rent rates such as in Gebeng and Genting Highlands.

“For Gebeng, the quit rent rates for industrial category after remission is RM1 per sq metre compared with RM5 per sq metre previously while for Genting Highlands, the rate is reduced to 80 sen per sq metre from RM4 per sq metre,” he said.

He also announced lower quit rent rates for the agriculture category for areas of over 40 hectares across the state through remission. The new rate is RM250 per hectare versus RM300 per hectare enforced previously.

For the record, he said, there were 8,288 industrial category landowners and 282,429 agriculture category landowners in the state.

For land with the NIL Condition status, he said its 6,360 owners could apply to change the land-use category to enable them to enjoy the new rates without worrying about the quit rent payment deadline.

“For landowners in the process of applying for a change in their land status who will see their applications go over the May 31 deadline for quit rent payment, the payment will be suspended until the change of status process is completed,” he said.

Source: Bernama

Posted on : 22 January 2020
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Last Updated : Thursday 21st May 2020