Penang to revise quit rent rates after decades-long freeze

By ARNOLD LOH

GEORGE TOWN: Land values in Penang have increased by up to 1,000% in some areas, yet landed property owners have been paying the same quit rent since 1994.

The state government is now reviewing the tax rate to improve revenue collection.

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Penang , Quit Rent , Land Tax , Property Value , Revenue , Land Assessment , Residential Land , Commercial Land , Agricultural Land , Dr Faizal Kamarudin

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