JOHOR BARU: House owners in Johor Baru and Kluang districts will be paying lower quit rent beginning next year following a revision in the rate structure.
The State Housing and Local Government executive councillor Datuk Abdul Latif Bandi said the new rates would take effect from next year involving three local authorities.
Those living or doing businesses in the Johor Baru City Council (MBJB) and the Kluang Municipal Council (MPK) would start paying the new rates in January.
Meanwhile, residents and businesses in the Johor Baru Central Municipal Council (MPJBT) would start paying the revised quit rent from July 2014.
“The remaining 13 local authorities will start imposing the new quit rent rates on residential, commercial, Malay reserved land and agricultural land in 2015,” he said.
Abdul Latif said this at the launch of Suasana @ Iskandar Malaysia – a mixed high-rise property development project located at Jalan Trus in downtown Johor Baru by UMLand Bhd.
He said for instance house owners living in the areas under MBJB now paying 0.13% quit rent, would pay 0.12% beginning next January.
Abdul Latif said owners of commercial and industrial properties in MBJB would experience a slight increase in their quit rent from 0.26% to 0.28% and 0.28% to 0.30% respectively.
“However, the rates between one local authority and the others are different depending on the number of properties in their jurisdiction,’’ he said adding the last revision of quit rent in Johor was done in 1995.
Separately, Abdul Latif said the on-going multi-billion ringgit redevelopment of the Johor Baru City centre would transform the city into a vibrant place within the next five to seven years.
He said it was vital to rejuvenate the city centre in tandem with its position as one of the five flagship development zones in Iskandar and also as the main land entry point into Malaysia from Singapore.