N. Sembilan gov't sets RM2 mln minimum property purchase price for foreigners

Last update: 10/10/2018

SEREMBAN, Oct 10 (Bernama) --  The Negeri Sembilan state government has made some changes to policy on minimum property purchase price for foreigners, setting it at RM2 million effective today.

Menteri Besar Aminuddin Harun said the restriction would be enforced in Seremban, Port Dickson and Jempol areas, while in other districts the minimum purchase price would remain at RM1 million.

"We only allow leasehold land to be owned by foreigners, and not for freehold."

"We have raised the price for asset ownership to control the purchase of land by foreigners, as we want to protect the rights of the locals," he told reporters after attending the executive council meeting here today.

Meanwhile, when asked to comment on the issue of traders raising the prices of goods during the by-election period in Port Dickson, Aminuddin said those who were charged unreasonable prices could lodge a complaint either directly to the state government or through the district council.

"I hope that traders in Port Dickson remain honest and ethical and not take advantage (of the by-election) by raising the prices of goods. We should show visitors that Port Dickson is a customer-friendly tourist area," he said.