Lower property price threshold for foreigners in Johor won’t put Malaysians at a disadvantage, says exco | Malay Mail

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ISKANDAR PUTERI, Nov 24 — The move by the Johor state government to reduce the threshold for foreigners to purchase properties from RM1 million to RM600,000 will not affect local house buyers, the state assembly heard today. State Housing, Communications and Multimedia Committee chairman...

Lower property price threshold for foreigners in Johor won’t put Malaysians at a disadvantage, says excoDzulkefly 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. — Picture by Ben Tan

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. Dzulkefly was replying to Tan Hong Pin , who wanted to know the impact of the state government’s lowering of the threshold for foreigners as announced on Thursday by Mentri Besar Datuk Dr Sahruddin Jamal when tabling the state budget for 2020.

 

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If course it will! The priceis are inflated and the developers will not lower prices now that they have foreigners to purchase the properties. This is a joke! You people are clowns!

You are so clever when momentum hadn't worked its way yet you already knew it won't. Let's await its effect in 6 to 12 months time....

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