How do the new quit rent rates for grade one shophouses compare?

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New Quit Rent Rate for Grade One Shophouses is 50 Per Cent Higher

The new quit rent rate for grade one shophouses in Sarawak will increase to RM1.62 per square metre from the current RM1.08 per square metre, marking a 50 per cent rise. This clarification comes from the state Land and Survey Department, addressing claims of significantly higher increases.
Increase from RM1.08 to RM1.62 Per Square Metre

The revised rate for grade one shophouses represents a direct increase of RM0.54 per square metre. This adjustment is part of a broader revision of quit rent rates across Sarawak, which the department states will not exceed a 100 per cent increase from present levels for most properties.
Rate Adjustment Explained

This specific increase for grade one shophouses is presented as an example to counter assertions of a 400 to 700 per cent jump. The department has provided figures for other property grades, such as grade two shophouses seeing a 33 per cent increase to RM1.08 per square metre, and grade three shophouses experiencing a 100 per cent increase to RM0.54 per square metre.
Targeted Property Categories

The department clarified that the increases in quit rent rates primarily affect a specific segment of landed properties. Only about 8 per cent, or 59,710 out of 734,388 registered landed properties used for commercial, industrial, office, and recreational purposes are subject to these revised rates. A significant majority, 92 per cent of landed properties owned by Sarawakians, are not subject to quit rent payments.

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How do the new quit rent rates for grade one shophouses compare?

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