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Discounts for developers who settle land premiums within two months

The Negeri Sembilan government has agreed to give a 25 per cent discount to developers who settle their land premiums within 21 days of the date of receipt of their land development approval notice, reported Bernama.

Menteri Besar Datuk Seri Aminuddin Harun said those who settled their premiums within 60 days, would receive a 15 per cent discount.

“After the approval is given and within 21 days or 60 days if they settle the premium, they will be able to receive a direct discount and will not have to appeal,” he said after chairing the state executive council meeting here, yesterday.

On the property ceiling price for foreigners, Aminuddin said the state government had lowered the price limit to RM600,000 and above for strata dwellings, RM1 million and above for strata landed homes; and RM1 million and above for landed residences (only for expatriates), effective June 24, 2020. – Bernama

Source: NST