Southern Region Property Market Report First Half 2024
Southern Region: Market Activity
Source: NAPIC
1.0 SOUTHERN REGION PROPERTY MARKET OVERVIEW
The Southern Region property market performance registered 48,885 transactions worth RM28.76 billion, increased by 5.3% and 31.0% in volume and value, respectively, as compared to H1 2023.
A similar upward trend was seen in transaction value. Johor increased by 44.4%, followed by Melaka at 28.3% and Negeri Sembilan has shown a slight decline at 10.7%.
Chart 3: Overall Property Transactions Volume Breakdown by State
H1 2024
Source: NAPIC
Chart 4: Overall Property Transactions Value Breakdown by State
H1 2024
Source: NAPIC
Johor dominated the region’s overall property transaction volume with 61.2% (29,953 transactions) and 75.0% (RM21.6 billion) of the total transaction value.
Chart 6: Overall Property Transactions Value Breakdown by Sub-sector H1 2024
Source: NAPIC
By sub-sector, residential continued to dominate the region’s property transactions, contributing 63.8% (31,196 transactions) of the total. Likewise, the residential sub-sector dominated the region’s overall property transaction value with 44.7% (RM12.86 billion).
Table 1: Summary of Prominent Sales in H1 2024
Source: NAPIC
2.0 PROPERTY MARKET ACTIVITY
2.1 RESIDENTIAL PROPERTY
Transaction
Residential property was the main sub-sector for the region. There were 31,196 transactions worth RM12.86 billion, a mere increase of 1.0% in volume and 8.9% in value against H1 2023. Melaka dan Johor recorded an increase of 33.6% and 3.8% in volume, while 20.2% and 14.9% in values, respectively. Contrarily, Melaka recorded a slight decrease in volume and value of 22.9% and 14.4% compared to H1 2023.
The overall primary market in the Southern Region moderated due to decline of new launches compared H1 2023. Negeri Sembilan recorded the highest decreased by 44.9% to 1,116 units against H1 2023 (2,026 units), followed by Johor at 25.8% to 5,376 units (H1 2023: 7,248 units) and Melaka by 24.6% to 1,808 units H1 2023 (2,399 units).
Chart 9: Residential Newly Launch and Sales Performance H1 2022 to H1 2024
Source: NAPIC
Market Status
The overhang housing situation improved, especially for Johor, which recorded the highest decrease of 23.9%, followed by Melaka at 3.4%. Meanwhile, Negeri Sembilan recorded the opposite, an increase of 25.3% compared to the number of unsold in H2 2023.
The unsold under construction situation in Melaka recorded a reduction of 2.0%, while Johor and Negeri Sembilan recorded an increase of 30.9% and 19.4% respectively, compared to H2 2023.
The unsold not constructed in Melaka recorded the highest decrease of 13.1%, followed by Negeri Sembilan at 4.6%. In contrast, Johor recorded an increase of more than two-fold compared to H2 2023.
Chart 10: Residential Overhang and Unsold Units H1 2022 – H1 2024
Source: NAPIC
Construction Activity
Construction activities are quite exciting. The completion in Negeri Sembilan recorded more than double and in Johor by 11.9% as compared H1 2023. Melaka on the other hand, showed a decrease of 87.8%.
Johor monopolizes the start stage, recording the highest increase of 93.5%, while Melaka monopolizes the new planned supply stage with the highest record of 90.8% for this region compared to H1 2023.
Table 2: Residential Construction Activity in The Southern Region H1 2024
Source: NAPIC
Price
Prices were generally stable with a marginal growth observed in selected locations. Single-storey terrace houses in Negeri Sembilan recorded the highest price change percentage in the region at 12.9% the strategic position of the scheme in Pekan Bahau which is a focus area, as well as the high demand not only from Bumiputera.
Meanwhile, the average price in Johor and Melaka for the similar type of property as a whole was stable and below 10.0% throughout the review period.
House Price Index
All states recorded marginal growth in All House Price Index ranging between 0.5% and 3.3% compared with Q2 2023.
Chart 12: All House Price Index Annual Changes Q2 2023 & Q2 2024P
Source: NAPIC
Rental
The residential rental market in the Southern Region was generally stable and showing improvement. Rentals firmed up in prominent choice locations mainly due to tenancy renewals, rental reviews, and good infrastructure and amenities.
A two-storey terrace house in Bandar Layangkasa, Johor Bahru recorded the highest average rental change in the region of 30% (RM1,000 per month to between RM1,000 and RM1,600 per month) due to located frontage road of the Senai - Desaru Expressway, facilitates access and becomes a focus area as well as in high rentals demand. Meanwhile, in Negeri Sembilan and Melaka as a whole it was stable during the review period.
2.2 COMMERCIAL PROPERTY
Transaction
The commercial property in the Southern Region recorded 6,399 transactions worth RM5.32 billion, increased by 44.5% in volume and 45.4% in value against H1 2023. Transaction volume in Johor, Melaka and Negeri Sembilan increased by 57.6%, 27.3% and 0.7%, respectively.
The shop sub-sector dominated the volume of the Southern Region commercial market in H1 2024 with 44.6% of market share. Johor contributed the highest number of transactions in the Southern Region, with 1,966 transactions worth RM1.96 billion compared to H1 2023 (1,637 transactions worth RM1.41 billion). Negeri Sembilan came in second with a total of 486 transactions worth RM378.66 million (H1 2023: 470 transactions worth RM381.30 million) and Melaka with 399 transactions worth RM232.09 million (H1 2023: 375 transactions worth RM232.16 million).
Market Status
Shop overhang in the Southern Region improved as there was a decrease in unsold units. Johor recorded the highest decrease of 13.6%, followed by Melaka at 8.9% and Negeri Sembilan at 4.1%.
Unsold under construction shops also improved, except for Negeri Sembilan which showed an increase more than two-fold during the review period. Meanwhile, Johor also recorded an increase in the number of unsold not constructed from 30 units in H2 2023 to 44 units.
Chart 15: Shop Overhang and Unsold Units H1 2022 – H1 2024
Source: NAPIC
Construction Activity
Overall, construction activities in the Southern Region were moderate. Negeri Sembilan and Melaka saw an increase in every stage of construction in the region. In the completion stage, Negeri Sembilan and Melaka contributes 5 units and 8 units (H1 2023: nil) respectively. Starts stage recorded more than double and new planned supply by 3.6% and 7.4%, respectively compared to the state of Johor.
Table 3: Shop Construction Activity in Southern Region H1 2024
Source: NAPIC
Price and Rental
In the commercial sub-sector, shop prices as a whole for this region show a stable movement where the average price change is below 10%. The two-storey shop property type for this region saw relatively active transactions compared to other types.
Rental of ground floor shops in the region was also generally stable. Taman Tasik Indah, Kluang in Johor recorded the highest increase of 20.8% with a rental between RM1,300 and RM1,600 per month (H1 2023: between RM1,100 and RM1,300) due to rental demand in the housing scheme and surrounding areas that are relatively active, such as Taman Kluang Perdana, Taman Bukit Perdana.
b. Serviced Apartment / SOHO
Transaction
Serviced apartments / SOHO recorded 2,641 transactions worth RM1.66 million, which formed 41.3% of the transactions volume and 31.2% of the total commercial property value in the Southern Region. By state, Johor contributed the highest market volume with 93.6% (2,473 transactions).
Market Status
Generally, serviced apartments / SOHOs in all stages whether overhang, unsold under construction, or unsold not constructed in the region showed moderate performance compared to H2 2023.
Negeri Sembilan recorded the highest decrease in overhang at 35.2%. Johor and Melaka recorded a decrease in unsold under construction by 25.0% and 12.4% respectively during the review period.
Chart 17: Serviced Apartment / SOHO Overhang and Unsold Units H1 2022 – H1 2024
Source: NAPIC
Construction Activity
Serviced apartments / SOHO construction activity remained on a low tone for the region.
Johor recorded data at all stages of construction in this region compared to the other two states, especially at the start stage with a total of 3,894 units.
Table 4: Serviced Apartment / SOHO Construction Activity in Southern Region H1 2024
Source: NAPIC
Price and Rental
Prices of serviced apartments / SOHO in the Southern Region have shown mixed and stable movements. The average percentage decrease in price changes for this region ranged from 4.5% to 8.0%, while the increase ranged from 2.5% to 10.0%. Yadin Impiana, Seremban, recorded the highest decrease for the average unit area of 96 square meters, while the highest increase was in PD Perdana Condo Resort, Port Dickson, with a price change to RM143,000 (H1 2023: RM130,000).
The regional rental market is generally stable with a few exceptions. Citywoods Apartment in Johor Bahru obtained the highest rental increase for this region of 23.4% due to its strategic location and proximity to the city of Johor Bahru and facilities such as Hospitals, government buildings and so on.
c. Shopping Complex
Transaction
No transactions were recorded in the Southern Region during the review period.
Occupancy and Space Availability
The performance of the retail sub-sector increased. The average occupancy rate for Johor, Negeri Sembilan, and Melaka showed a slight increase at 71.7% (H2 2023: 70.6%), 67.9% (H2 2023: 67.7%) and 63.1% (H2 2023: 62.4%).
Chart 19: Supply and Occupancy of Shopping Complex H1 2024
Source: NAPIC
Table 5: Pertinent Movements in Shopping Complex H1 2024
Source: NAPIC
Construction Activity
No completed buildings were recorded during the review period for this region.
Table 6: Shopping Complex Construction Activity in Southern Region H1 2024
Source: NAPIC
Rental
Rentals of retail space in this region were largely stable across the board, with a few exceptions. The Summit Signature, Batu Pahat, recorded an increase in the percentage of rental changes on each floor of the building. This follows the renewal of the rental and a review of the rental rate, as well as its location near the Target Supermarket and Orkid Event Space.
d. Purpose-built Office
Transaction
No transactions were recorded in the Southern Region during the review period.
Occupancy and Space Availability
The purpose-built office segment showed downtrends and static performance in the Southern Region. Occupancy rates recorded a slight decrease in Johor at 69.6% (H2 2023: 71.0%) and Negeri Sembilan at 91.3% (H2 2023: 91.4%). Meanwhile, Melaka maintains 86.1.6% (H2 2023: 86.1%).
Chart 20: Supply and Occupancy of Purpose-built Office H1 2024
Source: NAPIC
Table 7: Pertinent Movements in Purpose-built Office H1 2024
Source: NAPIC
Construction Activity
No completed buildings were recorded during the review period for this region.
Table 8: Purpose-built Office Construction Activity in Southern Region H1 2024
Source: NAPIC
Rental
Generally, office space rentals are stable for most buildings. Investment grade buildings in good locations with proximity or within the town centre are among those with a competitive edge and fetched higher rental rate.
The percentage of increase and decrease in rent changes ranged is below 10.0% for this region. The first floor of Plaza Lian Hoe, Batu Pahat, with an average area of 53 square meters, recorded the highest increase of 9.7% with rental rates ranging from RM6.40 to RM7.55 per square meter per month (H1 2022: between RM6.02 and RM6.67 per square meter per month).
e. Leisure Property
Transaction
There was one leisure transaction recorded throughout the review period, namely the Hotel Eastmount di Kukup Laut, Pekan Kukup, Serkat, Pontian. The transaction has been transferred in 2023 with a consideration of RM2,900,000.
Construction Activity
There is one leisure building that has been completed during the review period for this region, which is Hotel Permas City in Bandar Baru Permas, Johor Bahru, which offers 150 rooms in its construction composition.
Table 9: Leisure Construction Activity in Sourthern Region H1 2024
Source: NAPIC
2.3 INDUSTRIAL PROPERTY
Transaction
The performance of the industrial property market recorded a slight decrease of 1.3% in the number of transactions (H1 2023: 1,163 transactions) and an increase of 36.4% in value (H1 2023: RM2.9 billion).
Nevertheless, Johor leads in industrial market activity with 732 transactions (63.8% of the total transactions in the region), followed by Melaka with 220 transactions (19.2% of the total transactions in the region) and Negeri Sembilan with 196 transactions (17.0% of the total transactions in the region).
In terms of transaction value, Melaka showed the highest increase of 98.4%, followed by Johor 53.0%. However, Negeri Sembilan showed a decrease of 35.5% compared to H1 2023.
The Southern Region showed a moderate industrial property market situation as there was a reduction in the number of unsold units in the overhang stage, while an increase in unsold under construction. The highest decrease was recorded in Johor by 32.4%, while the highest increase was recorded in Negeri Sembilan which is more than two-fold compared to H2 2023.
Chart 23: Industrial Overhang and Unsold Units H1 2022 – H1 2024
Source: NAPIC
Construction Activity
Industrial property construction activities remained low. Nevertheless, Johor is a data contributor on the new planned supply stage, increased to 40 units as compared to H1 2023 (2 units). Similarly, starts stage in Negeri Sembilan increased from 14 units (H1 2023) to 99 units throughout the review period.
Table 10: Industrial Activity in Southern Region H1 2024
Source: NAPIC
Price
Industrial property prices were mostly stable throughout the region. Johor recorded the highest increase and decrease in average price changes in the region.
A one and a half storey factory in Eco Business Park 1, Johor Bahru, recorded an increase of 9.1% with an average price of RM2,750,000 (H1 2024: RM2,500,000). In contrast, the highest decrease was recorded in Taman Industri Sri Sulong, Batu Pahat, by 8.3% with an average price of RM715,000 (H1 2024: RM780,000) throughout the review period.
2.4 AGRICULTURE PROPERTY
Transaction
The agriculture sub-sector contributed a share of 14.2% to the total Southern Region market. There were 6,953 transactions worth RM3.24 billion, a decrease of 2.5% in volume, while value saw an increase of 48.0% compared to H1 2023.
Segments of transaction volume and value for each state in the region show mixed trends. However, Melaka recorded the highest increase for both segments, which was 21.1% and 97.2% compared to H1 2023.
Under Construction Project status: 97.0% completed
(The project is expected to be complete in 2026)
2.
Rail Transit System (RTS), Johor
Linking Johor Bahru with Singapore.
Revised alignment will connect Bukit Chagar in Johor Bahru and Woodlands North in Singapore.
Length: 4 kilometres track (2.3 kilometres in Malaysia and 1.7 kilometres in Singapore).
Developer/ Concessionaire: Malaysia Rapid Transit System Sdn Bhd
Operating Company: RTS Operation Sdn Bhd (RTSO). Joint Operating Company between Prasarana Malaysia Berhad and SMRT Corporation Ltd from Singapore.
Estimating Cost: RM10 billion
Descriptions:
The target of the project is to reduce traffic congestion on the Johor Embankment by at least 35%.
Estimated 10,000 passengers / hour in each direction.
The groundbreaking ceremony was held at the Bukit Chagar station construction site on 22 November 2020. Completed the land acquisition process in April 2021.
Two phase development:
a) Phase 1: Development Phase, starting from year 2021 – 2024.
b) Phase 2: Testing and Installations Phase, starting from year 2025 – 2026.
Under Construction Project status: 78.0% completed
(The project is expected to be complete in 2026)
3.
Maharani Energy Gateway
Located in the waters of the Straits of Malacca approximately 1 to 3 nautical miles from Jeti Parit Unas, Jeti Parit Bakar, Jeti Parit Kedondong and Tanjung Toho, Muar
Land area: 3,250 acres (1,315.228 hectares)
Descriptions:
The project known as a deep sea port and energy hub involving the creation of three man-made islands and a Liquefied Natural Gas (LNG) Terminal.
a) Plot A: with an area of 1,500 acres (607.0285 hectares) which will be used for ship-to-ship transfer (STS) operations, Marine activities and Oil and Gas Storage. b) Plot B: with an area of 1,500 acres (607.0285 hectares) which will be used for ship-to-ship transfer (STS) operations, Marine activities and Oil and Gas Storage. c) Plot C: with an area of 200 acres (80.9371 hectares) that will be used for ship repair operations (Ship Repair & Facilities). d) Plot D: with an area of 40.038 acres (16.2028 hectares) for Heavy Industrial site for Regas Station Site for gas storage and Trestle Site for gas pipeline from Floating LNG Terminal.
Under Construction Project status: 5% completed (Developing a Ship Bunker Center along the Malacca Straits)
(The project is expected to be complete in 2030)
4.
Upgrading Jalan Batu Pahat – Ayer Hitam – Kluang FT 050 Phase 3A (U-Turn Median And Related Works)
Location: Jalan Batu Pahat – Ayer Hitam.
The project starts from Parit Sempadan, Batu Pahat (Section 21) to the bridge across Lebuhraya Plus (Section 34.5).
Estimated cost: RM250 million (RMK 11)
Project has commenced on 26 Oktocer 2021
Descriptions:
Construction of a 13.5-kilometer road divider with 3 U-turns, widening of existing road shoulders, upgrading of intersections and construction of 3 new overpasses.
Under Construction Project status: 56.0% completed
(The project is expected to be complete in 2024)
5.
Upgrading Jalan Muar – Tangkak – Segamat
Location: Shortcut lane from Matriculation College to Tangkak Industrial Area
Project length: 7.5 – 8.0 kilometres and involves 92 lots
Estimated cost: RM183 million
Land area: 126.0066 acre (50.9823 hectares)
Descriptions:
The target of the project is to reduce Segamat - Muar travel time without going through the city and congestion in Bandar Tangkak. Especially during peak times and festive seasons
Help to increase socio-economic development and industrial and also become the main link between Muar, Tangkak and Segamat.
Under Construction Project status: 5% completed (Site clearing)
(The project is expected to be complete in 2025)
6.
New Road Project Connecting Jalan Olak Batu (J206) Through Tanjung Sembrong Estate to Federal Road (FT 050), Parit Raja, Batu Pahat, Johor
Locations: Jalan Olak Batu – Jalan Ayer Hitam Batu Pahat
Project length: 3.5 kilometers and involves part of the land for 2 (two) lots which is Tanah Ladang owned by The Batu Pahat Plantation Sdn. Bhd.
Estimated cost: RM52 million (RMK 12)
Descriptions:
Land Acquisition was gazetted through Section 4 Gazette on 8 December 2022 and followed by Section 8 Gazette on 2 November 2023.
Under Construction
(The project is expected to be complete in 2025)
7.
New Road Project from the Rim Junction (M27) to Kampung Ulu Jasin Junction (M2), Mukim Jasin
Locations: Mukim Jasin, Jasin District
Project length: 3.45 kilometres
Estimated cost: RM35.2 million
Under Construction Project status: 43.0% completed
(The project is expected to be complete in 2025)
8.
Solok Ayer Limau - Kampung Jeram Masjid Tanah road project
Construction of a new road from Solok Ayer Limau to Kampung Jeram Masjid Tanah
Total length: 3 kilometres
Estimated cost: RM36.0 million
Developer: Jabatan Kerja Raya (JKR) Malaysia
Descriptions:
- Project has commenced on 2021
Under Construction Project status: 92.0% completed
(The project is expected to be complete in 2024)
9.
Sungai Duyong Flood Mitigation Plan Project
This project has involved 225 individual lot
Project length: Jajaran Sungai Duyong (8.1 kilometres), Sungai Ayer Molek (5.0 kilometres) and Sungai Ayer Panas (6.0 kilometres)
Estimated cost: RM117.0 million
Under Construction Project status: 41.0% completed
(The project is expected to be complete in 2026)
10.
Alor Gajah Flood Mitigation Plan Project Phase 1
Locations: Mukim Kelemak, Alor Gajah District
Estimated cost: RM17.015 million
Project has commenced on August 2022
Under Construction Project status: 83.0% completed
(The project is expected to be complete in 2024)
11.
Sungai Chempedak Flood Miligation Plan, Jelebu, Negeri Sembilan
Locations: Sungai Chempedak, Jelebu
Involving 55 individual lots
Project length: 8 kilometres
Estimated cost: RM10 million
Descriptions:
The construction of Chempedak River flood mitigation can solve the problem and risk of flooding in residential areas around Jelebu District.
Construction details are as follows:
a. Construction of flood wall - 100m b. Precast concrete Flood Wall Height 3m (RHS) c. Widening and protection of existing river bank tire construction along 4400m Upgrading seven (7) MTB bridges along the project route i. 20m x 7m ii. 20m x 3.5m d. Installation of bank protection Gabion Mattress Installation of bank protection (Sand Fill Mattress).
Under Construction Project status: 5.0% completed (Preliminary work is in progress)
12.
Sungai Chempedak Flood Miligation Plan, Jelebu, Negeri Sembilan
Locations: Kampung Gagu Jelebu, Jelebu.
Involving 78 individual lots
This project connects a new road from Gagu village to Ulu Beranang
Project length: 14 kilometres
Estimated cost: RM25 million
Descriptions:
This new road will shorten the travel time and distance of residents around Jelebu district through Kg. Go to Ulu Beranang to go to Pekan Beranang, Bandar Nilai, Kajang and Semenyih. The journey from Kampung Gagu to Ulu Beranang takes about 40 minutes with a distance of 38 km through the existing road.
Under Construction Project status: 5.0% completed
(Preliminary work is in progress)
13.
Ngoi-Ngoi Water Treatment Plant Construction Project Phase 2
This project will accommodate the development needs of Malaysia Vision Valley (MVV) covering an area of 153,000 hectares involving the districts of Seremban and Port Dickson especially in area Nilai and Sendayan.
Estimated cost: RM347.25 million.
Period project: Years 2021 until 2023 through Pengurusan Aset Air Berhad (PAAB) financing for the development of a new water supply in Negeri Sembilan.
Under Construction Project status: 90% completed
(Expected to be complete by 2024)
3.2 Mega Project
No.
Infrastructure / Mega Projects
Descriptions
Current Development Status
1.
Coronation Square, Johor
This project is located between Jalan Trus and Jalan Abdullah Ibrahim, Mukim Bandar Johor Bahru, Johor Bahru
Land area: 9.58 acres (3.88 hectares)
Estimating cost: RM4 billion
Developer: Coronade Properties Sdn Bhd
Descriptions:
First project under the Ibrahim International Business District (IIBD) transformation plan. Developed by Johor Corporation (JCorp) and the Johor State Government. Has been launch on November 2015 by DYMM Sultan Ibrahim Almarhum Sultan Iskandar.
Comprise six towers; a hotel, a residences, an office, medical suites, two serviced apartment towers and a shopping mall.
Phase 1 a) Bank Rakyat Tower ➢ Owned by Bank Rakyat. ➢ Has 39 floors. ➢ 100% completed and CCC on 26 June 2024. ➢ Intended as a digital business hub for banking and entrepreneurial transactions.
b) Medical Suites ➢ Operated by KPJ Healthcare Berhad. ➢ Has 25 floors. ➢ 75% completed and expected to be fully completed by the end of 2024.
Under Construction Project status: 65% completed
(The project is expected to be complete in 2028)
2.
Taman Pulai Mutiara 2
This project is located next to Taman Pulai Mutiara (New Township) which is approximately 2 km from Jalan Johor Bahru - Pontian and 28 kilometers from Johor Bahru city center.
Land area: 136 hectares
Developer: Amber Land Berhad
Description:
This project has been launches on October 2019 and focus on affordable landed properties.
This project involves the construction of 4,500 residential units but a total of 2,663 new units are launched according to the following phases;
Note: CCC - Certificate of completion and compliance UC - Under Construction
Under Construction Project status: 65% completed
(The project is expected to be complete in 2024)
3.
Space Residency
Locations: Jalan Harimau, Taman Abad, Johor Bahru. Next to KSL City Mall and Holiday Villa.
Land area: 2.37 acres
Developer: Vistana Tropika Sdn Bhd
Holding Company: Linbaq Holding Sdn Bhd
Launching date: 30 Jun 2019
Descriptions:
Mixed Development (Service Apartment, Hotel & Retails) development type
Total units: 995 serviced apartment units + 29 commercial lots + 338 hotel rooms
Sales performance:100% sold
Phases of development
a) Phase 1: ➢ 1 block of Hotel Tower (NOVOTEL) ➢ 22 floors + 338 rooms ➢ Project status: 80% completed
b) Phase 2: ➢ 2 blocks of Serviced Apartment ➢ 47 floors + 995 units ➢ Stating price from RM576,000 – RM1.4 million ➢ Unit type:
c) Podium Block: ➢ 12 floors Podium, including:
1 floor of hotel recreation facilities and serviced apartments.
3 floors of hotel facilities and parking
6 levels of multi-storey car park
1 floor of business space (14 shop units) and hotel facilities
1 floor of hotel facilities & parking
Under Construction (The project is expected to be complete in end of 2024)
Project status: Phase 1, 80% completed
Project status: Phase 2, 70% completed
4.
Sime Darby Industrial Park, Pagoh University Town
This project is known as Sime Darby Industrial Park which involves the sale of 142 medium industrial plots.
It is part of the Pagoh University Town development which is located at the strategic location of Jalan Muar - Pagoh and near the Pagoh Toll Plaza.
Developer: Sime Darby Property
Descriptions:
A total of 20 companies have signed SPAs for the purchase of non-bumiputera plots
Phase 1: ➢ 42 industrial plots (25 units for non-bumiputera and 17 units for bumiputera) ➢ Land areas between 4,318.78 square metres to 6,712.54 square metres ➢ Price range between RM26.00 per square feet to RM30.00 per square feet
Phase 2 and Phase 3: ➢ 20 and 30 industrial plots. ➢ Land areas between 4,046.73 square metres to 5,897.25 square metres. ➢ Price range between RM26.00 per square feet to RM30.00 per square feet.
Selling performance until Q2 2024: 95.2% (Phase 1), Sold out (Phase 2) and 59.4% (Phase 3)
Under Construction Project status: 20% completed (Earthworks have been carried out)
(The project is expected to be complete in 2024)
5.
Primer City (Formely known as NewPark Kluang)
This project is located at KM 4.5, Jalan Kluang-Air Hitam which is close to the Kluang Federal Building
Land area: 40 hectares
Developer: Maju Padu Development Sdn Bhd
Descriptions:
Change name to Bandar Primer on 5 Mac 2024
Project component contains two to four floors of business centers, resort-concept hotels, individual office spaces, convention halls, drive-through restaurants, hypermarkets, family entertainment centers, cinemas and educational hubs.
There are also new government buildings under construction which are:
➢ Inland Revenue Board (IRB) ➢ Kluang Municipal Council ➢ Kluang District and Land Office
Phase 1: 90.94 acres (36.802 hectares)
a) IRB Building
➢ 9 floors with green building concept ➢ Land area: 20,230 square metre ➢ Built-up area: 5,311 square metre ➢ Project status: 100% completed and start operate on May 2019
b) Kluang Municipal Council building
➢ 9 floors with green building concept ➢ Land area: 20,230 square metre ➢ Built-up area: 5,311 square metre ➢ Project status: 100% completed and start operate on May 2019
c) Kluang District and Land Office
➢ Planning approval: 26 September 2019 ➢ Project status: Initial stage for earthworks
d) LOTUS Hypermarket
➢ Land area: 20,230 square metre ➢ Built-up area: 7,053.59 square metre ➢ Project status: 100% completed and CCC on 5 October 2023
e) Two storey Shop/ Office
➢ Phase A: 70 units ➢ Phase B: 114 units ➢ Project status: 50% completed
f) Resort Hotel and Service Apartment
➢ Not constructed yet
Phase 2: 156.62 acres (63.382 hectares)
➢ Still in the planning stage
Under Construction
6.
Ibrahim Technopolis (IBTEC)
Sedenak, Kulai
Land Area: 7,290 acres
Descriptions:
This project combines digital infrastructure with the use of clean and green energy throughout the municipality.
IBTEC's proposed development is phased (within a period of 25 years) including the proposed improvement of the existing road Jalan Parit Panjang JKR J107, the new FELDA Bukit Batu bypass road and the proposed new intersection of Sedenak Utara to Lebuhraya PLUS.
IBTEC Phase 1 Development includes the Data Center sector located in the Sedenak Tech Park (STeP) I and II cluster - (STeP I and STeP II).
Under Construction
Project status: Phase 1, STeP (Bridge Data Centre: 100% completed), while Phase 2 and 3 is under construction.
7.
Pasir Gudang Hospital
LocationL Bandar Seri Alam, Pasir Gudang
Description:
This hospital will be equipped with:
➢ 304 beds ➢ 8 operating rooms and outpatient treatment ➢ 65 consultation rooms ➢ Daily treatment center ➢ 30 dialysis chairs ➢ Drive-thru pharmacy ➢ 16 delivery rooms ➢ 34 nurse's quarters ➢ Almost 1,000 car parking spaces
Under Construction Project status: 83.6% completed
(The project is expected to be complete in 2025)
8.
Melaka Waterfront Economic Zone (M-WEZ)
The project has an area of 25,000 acres along 33 kilometers (17,500 acres: Development Zone and 7,500 acres: Control Zone)
The development composition of this project consists of five major developments:
a) Melaka Harbourfront
Ports
Trade
Hydropiant Center
b) Smart Logistic Nucleus
Logistics Hub
Container and Cargo Management Office
c) Digital Satellite Township
M-WEZ Tower
Hotels and Offices
Housing and Business
d) Central Eco Business Park
Free Trade Zone
CIQ complex
Customs and Immigration Management Office
e) Trade Nucleus New Township
Mixed Trade Hub
Maritime Activities
Research Development Center (R&D Center) 4r
M-WEZ will comprise the Kuala Linggi International Port (KLIP) as the oil and gas industry services hub, the Tanjung Bruas Port as the container port and Melaka Gateway as the Melaka.
Under Construction
(In reclamation phases)
9.
The Sail Melaka
Location: Kota Laksamana, Malacca
Land area: 245 acres
Developer: Sheng Tai International Sdn Bhd
Estimated cost: RM6.5 billion
Descriptions:
Nine linked towers with a total built-up of 991,096 square meter;
3,259 units of high-end condotels;
Three hotel towers; 61-storey, 5-star and 6- with a total of 2,584 units;
A million square feet luxury shopping mall;
One block of business suites as well as Melaka-Nanjing themed cultural square with 65 shop lots;
330 meter (internal perimeter) sky ring that will connect the nine towers;
A four-million-sq-meter convention and exhibition centre;
An Illuminating Sky Garden; and
The Moon, a 360° elliptical-shaped experiential centre.
Unit area for apartments is 344 sq ft, 422 sq ft and 604 sq ft per unit and price per unit is starting from RM800,000 and above.
Under Construction Project status: 45% completed
(The project is expected to be complete in 2024)
10.
Ion Forte Green City
Location: KM 14.5, Jalan Tasik, Ayer Keroh, Melaka. It is within the first and oldest golf course in Melaka
Groundbreaking Ceremony on 12 January 2021
Land area: 9.2 hectares
Developer: Collaboration between NCT Group of Companies (NCT Group) and Ayer Keroh Country Club (AKCC).
Descriptions:
Consists of five precincts consisting of luxury serviced residences, health suites, clubhouses and commercial complexes.
a) Precinct 1: Club House, Commercial complexes, Service Aparment, Condotel and commercial lot b) Precinct 2: Service Suite and commercial lot c) Precinct 3: Condotel and commercial lot d) Precinct 4: Health Suite, commercial lot and Retirement Villa e) Precinct 5: Servive Suite, commercial lot and Water Theme Park
The first phase of development has started in 2021 with development of Condotel, Precint 1
and is expected to be completed by 2024
Under Construction
(The project is expected to be fully completed within 10 years)
11.
Scientex 2, Durian Tunggal
Location: Mukim Durian Tunggal which can be reached via Jalan Durian Tunggal - Simpang Gading
Land area: 65.82 hectares
Descriptions:
Elements of development:
a) Phase 1A1 - 234 units 2 storey terrace (18 'x 65')
b) Phase 1A2 - 196 units 2 storey terrace (18'x 65’)
c) Phase 1B1 – 331 units 2 storey RMM (16’ x 60’)
d) Phase 1B2 – 192 units 2 storey RMM (16’ x 60’)
e) Phase 1B3 – 128 units 2 storey RMM (16’ x 60’)
f) Phase 2B1 – 15 units 2 storey terrace Low Cost (16’ x 60’)
g) Phase 2B2 – 212 units 2 storey terrace Medium Cost (16’ x 60’)
h) Phase 2A1 – 271 units 2 storey terrace (18’ x 65’)
i) Phase 3A – 39 units Shop office (20’ x 70’)
Location: Mukim Jasin Tunggal which can be reached via Jalan Muar - Melaka
Land area: 46.67 hectares
Descriptions:
- Consists 3 phases as follows:
a) Phase 1
➢ Phase 1A1- 192 units 2 storey terrace house (18 'x 65') ➢ Phase 1A2– 162 units 2 storey terrace house (18 'x 65') ➢ Phase 1A1A– 170 units 2 storey affordable house (16’ x 60’) ➢ Phase 1B1– 118 units 2 storey affordable house (16’ x 60’) ➢ Phase 1B2– 175 units 2 storey affordable house (16’ x 60’) ➢ Phase 1B3– 210 units 2 storey affordable house (16’ x 60’) ➢ Phase 1B4– 159 units 2 storey medium cost house (16’x60’)
b) Phase 2
➢ Phase 2A1– 232 units 2 storey terrace house (18’ x 65’) ➢ Phase 2A2 – 240 units 2 storey terrace house (18’ x 65’)
c) Phase 3
➢ Phase 3A – 52 units 2 storey shop office (22’ x 70’) ➢ Phase 3B – 50 units 2 storey shop office (22’x70’) ➢ Phase 3C – 41 units 2 storey shop office (22’x70’) ➢ Phase 3C – 15 units 2 storey affordable shop office (20’x70’) ➢ Phase 3C – 2 units 2 storey shop office (Types of strata property) (25’x70’)
Location: Mukim Air Panas which can be reached via Jalan off Jalan Bemban - Jasin
Land area: 63.87 hectares
Descriptions:
- Consists 3 phases as follows:
a) Phase 1
➢ Phase 1A1 - 291 units 2 storey terrace house (18 ‘x 65’) ➢ Phase 1A2 - 231 units 2 storey terrace house (18 ‘x 65’) ➢ Phase 1A3 - 211 units 2 storey terrace house (16 ‘x 60’) ➢ Phase 1B1 – 204 units 2 storey affordable terrace house (16 ‘x 60’) ➢ Phase 1B2 – 188 units 2 storey medium cost terrace house – RMM (16 ‘x 60’) ➢ Phase 1B3 – 235 units 2 storey terrace house (16 ‘x 60’)
b) Phase 2
➢ Phase 2A1 – 244 units 2 storey terrace house (18’ x 65’) ➢ Phase 2A2 – 281 units 2 storey terrace house (18’ x 65’) ➢ Phase 2B – 206 units 2 storey medium terrace house (16’ x 60’)
c) Phase 3
➢ Phase 3A1 – 63 units 2 storey shop office (20’ x 70’)
Under Construction
Project status: 72.0%
Project status: 72.0%
Project status: 10.0%
Project status: 10.0%
Project status: 45.0%
14.
Harbour City
Location: Malacca Island, Section 43, Mukim Malacca City, Central Melaka District.
Land area: 6 acres
Developer: Hatten Group Sdn Bhd
Descriptions:
A 6-storey shopping mall with over 800 shop lots
3 hotel blocks with different themes and
a 500,000 sq ft Water Theme
Under Construction Project status: 85% completed
15.
Taman Anjung, Sungai Petai
Location: Taman Anjung Sungai Petai is located in Mukim Sungai Petai which can be reached via Lebuh AMJ
Land area: 57.55 hectares
Developer: TEOBROS Development Sdn. Bhd.
Project status: 65% completed (Phase 1), 20% completed (Phase 2 – 138 units of 1 storey terrace house) and 55% completed for shops & 1 storey terrace house, 20% completed for detached & Semi Detached house, also 35% completed for 1 storey terrace house (Phase 3)
Descriptions:
- Consists 4 phases as follows:
a) Phase 1
➢ 140 units: 1 storey terrace house (22 'x 70') ➢ 52 units: 1 storey twin house (40’x80’) ➢ 56 units: 1 storey affordable house (20’x65’) ➢ 73 units: 1 storey low cost terrace house (20’x55’) ➢ 79 units: 1 storey low cost terrace house (20’x55’)
b) Phase 2
➢ 24 units: 2 storey shop office (22’x 65’) ➢ 138 units: 1 storey terrace house (22’x70’) ➢ 69 units: 1 storey affordable house (20’x65’) ➢ 98 units: 1 storey low cost terrace house (20’x55’)
c) Phase 3
➢ 16 units: 2 storey shop office (22’x 70’) ➢ 57 units: 2 storey terrace house (22’x70’) ➢ 200 units: 1 storey terrace house (22’x70’) ➢ 32 units: 2 storey twin house (40’x80’) ➢ 70 units: 1 storey twin house (40’x80’) ➢ 1 unit: 1 storey detached house (5,000 sq ft) ➢ 50 units: 1 storey affordable house (20’x65’) ➢ 93 units: 1 storey terrace house (22’x65’)
Phase 2B
➢ 1 storey affordable house: 171 units (20’x65’) ➢ 1 storey medium cost: 211 units (20’x60’) - Project status: 60.0% completed
Under construction
18.
Nexus Seremban 2
Location: KLIA/ KLIA2 Road – Bukit Nenas Seremban Road, Negeri Sembilan, about 9 kilometers from Seremban 2 City
Land area: 8.66 hectares
Developer: Seremban Two Holdings Sdn Bhd
Descriptions:
2-storey shop office: 147 units
2-storey office: 19 units
Basement: 1 level of Parking lots with starting price of RM1.5 million per units.
Under Construction Project status: 30% completed
19.
Upgrading Hospital Tuanku Ampuan Najihah (HTAN)
Location: Hospital Tuanku Ampuan Najihah, Kuala Pilah
Land area: 1.7 hectare
Estimated cost: RM139.35 million
Descriptions:
The construction started on March 2021
The project involves construction of a new 6-storeys hospital extension building with additional floor area of 22,700 square meters.
Under Construction Project status: 85% completed
(The project is expected to be complete in August 2024)
20.
Hamilton City
Location: Nilai, Negeri SembilanLand area: 2,723-acre
Project status: In the process of site clearance
Description:
The city is a full-fledged managed industrial township in MVV 2.0, focusing on medium to heavy manufacturing-based industries to drive direct investments into the development, as well as to generate socio-economic improvement in the township
Divided into four phases
a) Phases 1, 2 and 4
➢ Focusing on medium and heavy industrial activities.
b) Phase 3
➢ Light industry comprising detached and semi-detached factories with a managed industrial park concept.
Expected to create job opportunities for the 740,000 of population living within and around the township.
Under Construction Project status: 5% completed (In the process of site clearance)
(The project is expected to be complete in 2029)
21.
Scientex Seremban
Location: Jalan Labu Lama, about 6 kilometre from Seremban City
Land area: 43.926 hectares
Developer : Scientex Park (M) Sdn Bhd
Descriptions:
365 units of double storey terrace house
233 units of one storey affordable house
Under Construction Project status: 80% completed (2 storey terrace house – Tulip Type)
22.
Sutera Aman @ S2 Heights
This project is located in Jalan Felda Sendayan, about 10 kilometres from Bandar Seremban City
Land area: 41.21 hectares
Developer: Seremban Two Holdings Sdn Bhd
Descriptions:
Phase 1
➢ 2 storey terrace house: 308 units
Under Construction Project status: 20% completed
3.3 State Government Policy and Initiative
No.
State
Details
1.
Johor
Special Economic Zone (SEZ) Johor - Singapore
The Johor-Singapore Special Economic Zone (JS-SEZ) will be developed in the Iskandar Malaysia and Pengerang areas with an area of 3,505 square kilometers
JS-SEZ involves six (6) local authorities (PBT) namely Johor Bahru, Iskandar Puteri, Pasir Gudang, Kulai and Kota Tinggi
It involves the electricity and electronics sector, medicine, pharmaceutical, aviation, specialty chemicals, logistics, health, education, financial sector and business services, energy, digital economy, tourism, food, agricultural technology, creative industry, halal industry and manufacturing
The Johor Government and the Federal Government are very committed to ensure that this JS-SEZ agreement can be finalized and signed with Singapore at the end of 2024.
Special Financial Zone (SFZ) in Forest City
The state government will establish a Special Financial Zone (SFZ) in Forest City in an effort to boost investment and economic activities in Johor
Some attractive incentives will also be added in the area compared to incentives for existing special zones
Additional incentives include a special tax rate of 15% to industries in Forest City, multiple entry visas and a fast lane for immigration between the special zone and Singapore.
2.
Melaka
Malay Quota Maintenance Policy, Code A in the State of Melaka
This policy was enforced on 01 April 2024 through the implementation of Melaka State Land Development Circular Number 1/2024.
Among the contents found in the policy are as follows:
a) General Application Conditions
➢ Allowed Development Components for Malay quota release (Code A) are the following categories:
b) Quota Release Application Stage
➢ The percentage release rate of the remaining unsold Malay quota (Code A) is requested in stages as per the table below:
c) Quota Release Contribution Charge Rate (RCCR)
➢ The Quota Release Contribution charge rate is as follows:
3.
Negeri Sembilan
Implementation of Negeri Sembilan Housing Policy (NSHP) Improvement Year 2024
Setting the sales rate for Serviced Apartment type housing to non-citizens is a minimum of RM650,000.00 per unit
Negeri Sembilan Government through the Housing Division, Negeri Sembilan Government Secretary's Office has implemented improvements to the Negeri Sembilan Housing Policy (NSHP) to ensure it remains relevant considering current changes. The implementation of this Policy is effective from 24 January 2024.
a) Designation for Affordable Homes (RMM) Type A with improvements as follows:
b) Maintain the designation for Affordable Homes (RMM) Type B as follows:
c) Designation of Affordable Homes (RMM) Type C for Landed Housing Development with the following improvements:
d) Determination of Affordable Homes (RMM) Type C for Mixed Housing Development (Landed Housing) with improvements as follows:
Continuation of Determination of Premium Discount Method for Land Development
State government has taken steps to encourage land development in Negeri Sembilan by implementing premium discounts for land development as follows:
a) Extension of premium discount incentive for land development starting 1 January 2024
b) This discount is only for land development
c) Implementation as follows:
d) The 25% premium discount (within 30 days) and 15% discount (within 60 days) is amended to 15% only for a period of 30 days from the date of receipt of Notice 5A or 7tg from the District Land Administrator
Implementation of Development Charge Regulations (Negeri Sembilan) 2023 and Implementation Guide for Negeri Sembilan Development Charges
The progress charge method (Nigeria Sembilan) was approved by the Negeri Sembilan Government Meeting (MMKN) on 18 October 2023
This progress charge regulation was gazette on 21 March 2024 and the application of this regulation comes into force on 1 January 2024.
The progress charge method is as follows:
a) Land Use Change
b) Density Change
c) Floor Area Change (plot ratio)
3.4 State Government Current Issues of Property
No.
State
Details
1.
Johor
Provision of affordable houses for the people of Johor either by ownership or rent
Many developments that exist in Johor will provide economic spillover to the state of Johor.
Therefore, in addition to affordable housing and PPR, one of the state government's efforts to ensure that housing developers can provide homes at affordable prices to the people of Johor is to provide affordable homes for the people of Johor either through ownership or rental. It is a very important agenda in state government administration.
Most of these residential developments are promoted by private developers. In addition, this development is also provided by the Johor State GLC.
In order to ensure that housing developers can provide housing at affordable prices to the people of Johor, the State Government has already introduced the Johor Affordable Housing Policy which requires developers to build 60% of the free market housing component which is equivalent to building 40% of their affordable houses.
These Affordable Homes are also sold at prices starting from RM50,000 up to RM300,000 and this figure is much cheaper when compared to the price that should be sold at the market price
The types of housing construction projects that Johor can afford include:
a) Component 40 % of Affordable Homes built by developers.
b) Affordable houses built by the Johor State Government through the State GLC.
c) Houses built by Central Government GLCs such as PR1MA and SPNB
d) Transit houses or Government rental houses under the Johor State Government as well as the People's Housing Project or PPR under the KPKT.
e) New house construction aid scheme namely Poor People's Housing Program (PPRT) under the Ministry of Rural and Regional Development and SPNB People Friendly Houses under the Ministry of Local Government Development. Rumah Kasih Johor Program under the Johor State Government.
Loosen up the conditions of the Malaysian Second Home Program (MM2H) and increase rental rates in Singapore
The relaxation of the conditions of the Malaysian Second Home Program (MM2H) and the increase in rental rates in Singapore have had a positive impact on the economy of the state of Johor, especially in the property sector
Here are some aspects that need to be paid attention to:
a) Increase in Property Sales: Since the relaxation of MM2H conditions and the increase in rental rates in Singapore, property sales in Johor have increased. Many workers from Singapore and Singaporeans themselves buy real estate in this state. The relaxation of MM2H conditions is expected to further stimulate the real estate sector and help solve the problem of unsold properties.
b) High Demand for Real Estate: With the latest revision to MM2H which reduced the minimum age limit to 30 years and eased the financial conditions of the state of Johor it is expected that there will be higher demand in the real estate sector. This means more investment activities and property purchases in the state of Johor.
c) Encouragement to the Real Estate Industry: The announcement of the relaxation of MM2H conditions was welcomed by the state government, especially in helping to overcome the problem of unsold properties. With this, the real estate sector in Johor will continue to grow and benefit the state's economy.
d) In conclusion, the relaxation of MM2H conditions and the increase in rental rates in Singapore have had a positive effect on property sales in Johor and the tourism sector in general.
2.
Melaka
Sufficient water supply project until 2050 through the following projects:
a) The Jernih Riverside Water Reservoir (TAPS) construction project in Alor Gajah District with a total reservoir capacity of 13,000 million liters.
b) Melaka TAPS Construction Project in Tasik Biru Chinchin, Jasin District with a reservoir capacity of 25,000 liters. This project will be started in September 2023 and will be completed in 2026 which is abstracted through Sungai Kesang to Tasik Biru with a project cost of RM350 million ringgit.
c) Krubong – Durian Tunggal Flood Mitigation Pool Upgrade Project as a Dual- Functional Flood Mitigation Pool and State Water Resource with a project cost of 603.7 million ringgit.
d) Groundwater Resource Mapping and Development Project with a project cost of 3.8 million ringgit.
Housing Facilities
a) Affordable Housing Scheme The State Government always encourages home ownership among the people of Malacca. Accordingly, the State Government provides 48,966 units of which 12,464 units have been completed, 18,509 units are under construction and 17,993 units have been approved and are in planning
b) People's Housing Program Scheme (PPR) Through this scheme, 5 People's Housing Program projects have been implemented containing 1,818 units in Sungai Putat, Krubong, Tehel, Tangga Batu and Klebang and a new project in Bukit Katil with 20 units will be built in 2024.
c) The State Government agreed to implement the Own Rent Scheme for tenants in PPR Tehel and Krubong and its implementation will be extended to PPR Tangga Batu, Klebang and Bukit Katil in 2024.
d) Rumahku Melaka Program The Poor People's Housing Program scheme, which was previously known as Rumah Prihatin, has been rebranded as Rumahku Melaka Program which is supervised by the Melaka Housing Board. This program offers the construction of house units equipped with three bedrooms, one bathroom, living room and kitchen estimated at RM50,000 per unit. This program is under the corporate social responsibility (CSR) of the Melaka Housing Authority (Lembaga Perumahan Melaka - LPM) and it is given priority to the asnaf group, disaster victims and those who have been struck by misfortune with an allocation of 3 million ringgit.
e) Transit House Program This program is provided for temporary use. There are 10 Transit House units that have been prepared in Kampung Padang Flats. Two (2) single house units have been developed and handed over in the states of Tanjung Bidara and Paya Rumput and will be expanded in each state in stages
f) The Bumiputera Property Fund is an alternative to help the B40 group in the State of Melaka obtain housing loans to own their own houses and properties managed by Melaka Finance House.
Industrial Area Readiness
The State Government is preparing high impact industrial areas, including the following;
a) Mcorp Hi Tech Park is a new urban development in an area of 5,000 acres in Alor Gajah District involving the following industrial zones;
i) Industrial development based on semiconductors, electricity and electronics; ii) Industries based on global distribution centers, logistics and warehousing; iii) Automotive industry, aerospace and shipping components; iv) Industrial and pharmaceutical facilities
Phase 1 development covering an area of 2,692.4 acres involves the cooperation of the private sector with an estimated cost of 2.1 billion ringgit
a) The German Technology Park (GTP) will be developed in an area of over 900 acres in Ayer Keroh. The development of phase 1 of 304 acres with a joint venture with the private sector is estimated to cost 227.8 million ringgits
b) Elkay Industrial Area 2.0 offers Medium Industrial Development in the fields of Electric Vehicles and pharmaceuticals as well as High-Tech Industry which is a continuation of the 500-acre Phase 1 industrial area with an estimated Development cost of 424.6 million ringgit
c) Melaka Seaside Economic Zone (M-Wez) has been given a new name which is Malacca Strait Seaside Economic Zone (SM-WEZ) in the 25,000 acres sea embankment area which includes 6 nuclei namely:
i) Controlled Zone ii) Port of Malacca iii) Smart Logistics Nucleus iv) Digital Satellite Municipality v) Central Eco Business Park vi) Trade Nucleus vii) Halal Industry Development as the First Halal Industry Center in Malaysia through the Melaka Halal Hub in Serkam which provides factory space to assist in the process of obtaining Halal certification and Good Manufacturing Practices as well as promotional services on digital platforms.
Effective Telecommunications System
Free wi-fi connection at 20 public hotspots with a fee RM500 thousand ringgit for a period of 2 years. Focus areas include Taming Sari Tower, Klebang Square, Ayer Keroh Leypark Station, Sungai Melaka Square, Melaka Zoo, Selat Mosque and others.
The State Government also obliges housing developers to provide telecommunications sites in their respective project areas.
Improvement of the Road Network system
The Melaka State Government continues to improve road connections and new projects approved by the Federal Government for the year 2024
The State Government has implemented the No Right Turn initiative from September 2023 to overcome traffic congestion during peak hours. This initiative is implemented in stages starting at the Hang Jebat Stadium intersection at Sungai Udang - Paya Rumput - Ayer Keroh (SPA Lebuh) and will continue to be implemented at the Melaka Mall Intersection, Kandang - Sungai Duyong Intersection and Petronas Ayer Keroh Intersection
The Melaka Car Free Zone has been implemented involving a 2.3 kilometer long route in the area around Bandar Hilir which involves the route at the Red Building, in front of Menara Taming Sari and the Declaration of Independence Memorial which will be closed to vehicles from 6pm to 12 midnight every Saturday. Melaka Car Free Zone has received the Gold Award and the Excellence Award for the Health and Wellbeing category related to Relaxation @ Bandar Hilir.
Tourist Attraction Program
The Year of Visiting Melaka 2024 will introduce Lucky Draw Coupons to tourists who stay at selected hotels in Melaka for 2 nights. Lucky draw every 3 months throughout Tahun Melawat Melaka 2024 - TMM2024. The prize provided is 4 cars based on the terms and conditions set
TMM2024 Discount Coupons are given throughout the year 2024 for tourist attractions in Melaka.
TMM2024 Family Package which includes 4 tourist locations namely Melaka River Cruise, Taming Sari Tower, Melaka Museum and Gallery as well as Melaka Zoo and Bird Park.
Various tour packages such as Heritage Packages and Golf Packages.
3.
Negeri Sembilan
Implementation of Negeri Sembilan Land Regulations (Tax Revision, 2006) (Amendment) 2022
The Negeri Sembilan Government meeting which convened on 28 September 2022 and 31 May 2023 has decided to amend the Land Tax Rate Schedule, Negeri Sembilan Land Rules (Tax Review 2006) related to land tax rates for Malay Reserve Land and Customary Land as follows;
a) Malay Reserve Land
b) Customary Land
Setting Quota of 30% Ownership of local and Bumiputera citizens/ companies for industrial development category
The Negeri Sembilan Government Meeting (MMKNS) on 19 August 2020 held in relation to the Policy, Procedure and Investment Incentive Amendment Paper in Negeri Sembilan has decided to improve the policy for the industry/ enterprise category regarding 30% ownership by citizens/ locals. companies and set only 30% of the development area to be allocated to local companies including Bumiputera.
Land development that involves the development of the industrial/enterprise category must be set a quota of 30% of industrial/ enterprise lots developed for the ownership of local people/ companies and Bumiputera.
However, the price discount of 10% from the sale price is only subject to Bumiputera Lots.
Review of the premium payment rate when the application to change the actual condition of the land in the agricultural category is approved under section 124(1) of the National Land Code (ACT 828)
The set premium rate is at a nominal rate of RM500.00 per lot. The Negeri Sembilan Government Council (MMKN) decided to agree to set the premium payment rate after being approved to change the actual conditions of agricultural category land at RM100.00 per acre as below;
a) The premium rate of the application for conversion of real conditions of land in the agricultural category under Section 124(1) of the KTN or other land development approvals under Sections 124A, 204A-H. And 197 & 76 KTN which caused the conversion of real conditions of land in the agricultural category is RM 100.00 per acre
b) The premium payment rate on the approval of land development applications under Sections 124A, 204A-H and 197 & 76 KTN, which allows the maintenance of real conditions in the agricultural category remains at a nominal rate of RM500.00 per lot.
c) Exempted from premium payment on the approval of the application to park the category and the express conditions of the land in the agricultural category under Section 124(1) of the KTN or the approval of other land development under Sections 124A, 204A-H and 197 & 76 of the KTN which cause the occurrence of the category parking and real conditions of land in the agricultural category.
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