Proposal for plantation companies to return 20% of lease land still under review — Ahmad Zahid

Bernama
1 December, 2024
Updated:about 1 year ago
  • "It should obtain the views of the state governments because land-related powers are under the jurisdiction of the state governments."

PUTRAJAYA (Sept 3): The proposal requiring plantation companies with expired land leases to return 20% of their land to the state government for lease renewal is still under review, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

He said that the proposal needs to first seek input from the state governments, and specifically applies to plantation land.

"It should obtain the views of the state governments because land-related powers are under the jurisdiction of the state governments," he told the media after attending the Conference on ASIA Road Safety (CARS) 2024 here Monday.

He clarified this in response to his proposal made on Sunday, which stipulates that plantation companies with expired leases would need to return 20% of their land to the state government, to renew their leases.

Ahmad Zahid, who is also the chairman of the Bumiputera Economic Council (MEB) steering committee, emphasised that the proposal was part of the government's efforts to ensure that the returned land benefits the people.

Looking to buy a home? Sign up for EdgeProp START and get exclusive rewards and vouchers for ANY home purchase in Malaysia (primary or subsale)!

Never miss out

Sign up to get breaking news, unique insights, event invites and more from EdgeProp.

Latest publications

Never miss out

Sign up to get breaking news, unique insights, event invites and more from EdgeProp.

CLOSEclear

Malaysia's Most
Loved Property App

The only property app you need. More than 200,000 sale/rent listings and daily property news.

App StoreGoogle Play
Mobile logo