Quit rent to increase between 29% and 200% from next year, says Penang CM

By N. TRISHA

GEORGE TOWN: Penang will increase quit rent in the state by between 29% and 200% for various land categories from 2026.

There will be a 32.5% discount in 2026 and a 20% discount in 2027 and 2028 to cushion the hike.

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Penang , Increase , Quit Rent , Chief Minister , Chow Kon Yeow , Overdue

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