The Sarawak state government has removed the requirement to pay quit rent for key land types in the state, said Sarawak Chief Minister Tan Sri Adenan Satem.
The popular move will see quit rent abolished for smallholder agriculture land, which is less than 100 acres, and residential land. The move will affect 360,422 titles with land rent amounting to RM8.58 million or 19 per cent of total land rent.
“With effect from March 15, land rent shall no longer be charged on these lands. All arrears and surcharges, if any, are hereby waived,” Adenan said at a press conference earlier this week.
“173,752 titles are smallholder agriculture land parcels with land rent amounting to RM3.62 million, or 8 per cent of total land rent, and 186,670 titles are residential land with land rent amounting to RM4.96 million or 11 per cent of total land rent,” he said, adding that Sarawak is the first and only state to make such a decision. – Bernama.