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Parcel quit rent should be calculated based on market conditions, say stakeholders

National Chamber of Commerce and Industry Malaysia (NCCIM), Building Management Association of Malaysia (BMAM) and the Malaysia Shopping Malls Association (PPK): “…as the Malaysian property market has remained stagnant over the past few years, quit rent should reasonably be expected to mirror these tepid property valuations. Furthermore, increasing this levy could be untimely and adds to an already burdensome increase in cost of living.”

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Shah Alam has more to offer

The city’s growing population has fuelled housing demand and the city which celebrated its 19th year as a city on Oct 10 this year is now home to over 650,000 people. According to Shah Alam City Council, Shah Alam’s population has grown by 38.5% after it gained city status in 2000.

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