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Selangor Extends Payment Period For Land Premiums And Exempts Rent To Encourage Local Economy

Selangor Extends Payment Period For Land Premiums And Exempts Rent To Encourage Local Economy

Hakim Hassan

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To alleviate the state’s economy which has been affected by Covid-19, the Selangor government has decided to extend the period for the payment of land premiums and also the exemption of rent for premises owned by local authorities.

The state government extended the land premium payment period to 30 Sep for notices that have expired from 1 Jan to 9 June, 2020.

It is hoped that this initiative will alleviate the economic pressures on developers and investors

Selangor Chief Minister Datuk Seri Amirudin Shari via Awani

In addition, the payment of land premiums may be made in installments for 6 months up to March 31, 2021 for the 5A and 7G notices pending the stipulated conditions.


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