Minor International (MINT), a leading international hospitality and real estate company, expresses its congratulations for being part of the Johor-Singapore Special Economic Zone (JS-SEZ) and the tax incentives aimed at stimulating investment and economic activities along the Desaru coast of Malaysia, home to the Anantara Desaru Coast Residences, a luxury property managed by Minor. The Desaru coast has been designated as a flagship area for the development of various sectors such as education, food security, health, and tourism.

With its strategic location and numerous world-class amenities, these residences stand to benefit from increased economic activity and investment, with the Johor-Singapore Special Economic Zone being a key factor. The new incentives, effective from January 1, 2025, include a 5% tax rate for 15 years for companies investing in high-value activities within the JS-SEZ, while skilled labor will benefit from a 15% income tax rate for 10 years.

This special economic zone prioritizes high-value industries such as AI, quantum computing, medical devices, and aircraft manufacturing, which are expected to create a skilled workforce and drive demand for premium housing. It is anticipated that the zone will generate 20,000 skilled jobs within the first five years, with the government aiming to support the expansion of 50 projects within the same timeframe.

According to assessments, the increase in economic activities within the Johor-Singapore Special Economic Zone is expected to positively impact real estate investment along the Desaru coast through rising housing demand, improved infrastructure, and growth in the tourism sector, potentially leading to increased capital value for property owners.

Mr. Maika Tamthai, President of Lifestyle and Property Operations at Minor International, stated, “The new tax incentives will make Anantara Desaru Coast Residences a highly attractive project for investors. We anticipate increased demand for Anantara Desaru Coast Residences from buyers experienced in the real estate investment market or families looking for homes. Minor is confident that these tax incentives will be a significant catalyst for continued economic growth in the region.” For more information about Anantara Desaru Coast Residences, please visit https://www.anantaradesaru-residences.com.