World · Malaysia Bureau
Negeri Sembilan land revenue jumps 15% as state pursues billion-ringgit goal
The state government reported a significant increase in land revenue collection, reflecting improved management of its property assets. Officials have outlined an ambitious target to boost annual collections to RM1 billion within the next seven years.
LSN Malaysia ·
Negeri Sembilan's land revenue collection climbed to RM404 million in the latest financial period, representing a gain of RM60.36 million compared to the previous year. The 15 percent increase signals stronger performance in the state's property portfolio management and revenue generation efforts.
State authorities attributed the growth to enhanced collection mechanisms and improved monitoring of land-related transactions. The rise also reflects increased economic activity in key sectors across Negeri Sembilan, which has translated into higher valuations and more consistent payments from landholders and development stakeholders.
Looking ahead, the state government has established an ambitious roadmap to achieve RM1 billion in annual land revenue by 2030. Officials indicated that reaching this target would require sustained improvements in collection efficiency and strategic initiatives to maximize returns from state-owned properties.
The revenue enhancement comes as Negeri Sembilan focuses on diversifying its income streams and strengthening its fiscal position. State administrators have emphasized the importance of effective land management as a cornerstone of long-term economic sustainability and development planning.