In line with the Johor Bahru City Centre Transformation project, the City Council (MBJB) provides several incentives to property owners with properties within the Central Business District (CBD).
Johor Bahru City Mayor Burhan Amin said that the owners of old and historical buildings within the CBD and those involved in the rehabilitation of abandoned developments are eligible for the incentives.
The incentives include a discount ranging between 50 percent and 70 percent on the building planning fee, development charges and contribution for the Improvement Services Fund.
Other incentives also include deferment on quit rent for two years, payment exemption for newly set-up trust fund and allowing the temporary display of advertisements on buildings, noted Burhan.
The city hall will also allow property owners involved in the upgrading of their buildings to pay their quit rent on instalments for 12 months.
"We hope the proactive measures taken by us (MBJB) will help to spearhead and expedite the transformation plan,'' said Burhan during the launch of the JB City Transformation Open Day. The event was jointly organised by MBJB and the Iskandar Regional Development Authority.
About 250 buildings along Jalan Tan Hiok Nee were classified as historical and will be preserved under the Johor Bahru City Centre Transformation project.
The project covers 485.62ha within the CBD including Hospital Sultanah Aminah, Ayer Molek prison, Johor Zoo, Bukit Timbalan, Jalan Wong Ah Fook, and the former sites of the Lumba Kuda low-cost flats.
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