Lower price floor for foreign property buyers won’t affect locals, says Johor exco | The Malaysian Insight

📆 11/24/2019 9:36 AM
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Lower price floor for foreign property buyers won’t affect locals, says Johor exco

Another measure to reduce the property overhang in Johor is raising the levy on foreign buyers from 2% of the transacted price or RM20,000 to 5% or RM30,000 . – The Malaysian Insight file pic, November 24, 2019.

THE lower price threshold for foreigners from RM1 million to RM600,000 for foreign property buyers will not affect locals, the Johor assembly heard today. State Housing, Communications and Multimedia Committee chairman Dzulkefly Ahmad said foreigners may purchase only completed properties with strata titles and that have been issued a Certificate of Completion and Compliance for more than nine months.

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