Drastic quit rent hikes after change shock apartment owners

Owners of high-rise units are shocked by the 500% to 800% increase in land tax under the parcel rent system.

OWNERS of high-rises in Selangor are seeing a drastic increase following the conversion of quit rent to parcel rent last year.

Residents living in stratified buildings, either commercial or residential, are seeing an increase of between 500% and 800% from the previous amount