Overdue revision: Penang will increase quit rent in the state at the beginning of next year. — CHAN BOON KAI/The Star
This means they will be paying an additional 16sen per square metre following the state's decision to revise the quit rent rate which has not been reviewed for 31 years. To minimise the financial burden on the people, a 32.5% tax rebate will be provided next year, followed by a 20% rebate in 2027 and 2028.
GEORGE TOWN: Come Jan 1, about 370,000 land title owners in Penang will face an increase in their quit rent rate of between 29% and 200%, a move that has raised eyebrows.
This means they will be paying an additional 16sen per square metre following the state’s decision to revise the quit rent rate which has not been reviewed for 31 years.
https://www.thestar.com.my/news/nation/2025/09/20/370000-landowners-in-penang-to-pay-more#:~:text=This%20means%20they%20will%20be,rebate%20in%202027%20and%202028.
