News List

State govt has final say on lower property threshold for foreigner - Azmin Ali

KUALA LUMPUR, Oct 15  -- It is up to the state government to implement the lower property threshold for foreign ownership that was announced in the Budget 2020, Economic Affairs Minister Datuk Seri Mohamed Azmin Ali.

State govt can still set property price limit for foreigners - Zuraida

GEORGE TOWN, Oct 14 -- Each state government can still set the property price limit for foreigners based on the current situation in their respective states, says Housing and Local Government Minister Zuraida Kamaruddin.

2020 Budget gives hopes to home seekers, stakeholders - PropertyGuru

KUALA LUMPUR, Oct 14 -- The 2020 Budget has given home seekers, developers and other industry stakeholders reason to look to the future with some hope, said online property portal PropertyGuru Malaysia. 

Ministry to discuss foreign property ownership pricing issue with MOF - Zuraida

PONTIAN, Oct 13  -- The Ministry of Housing and Local Government (KPKT) will hold discussions with the Ministry of Finance (MOF) on the lowering of the threshold for foreigners to purchase condominiums and apartments in urban areas from RM1 million to RM600,000.

More Malaysians will benefit from increase access to home ownership - Exco

JOHOR BAHRU, Oct 13  -- Several initiatives involving access to home ownership announced in the 2020 Budget two days ago are believed will enable more Malaysians including the Johoreans to finally own a dream home.

Govt won't give citizenship to foreigners just for buying RM600,000 worth of property - PM

Prime Minister Tun Dr Mahathir Mohamad today said the decision to lower the threshold on high rise property prices in urban areas for foreign ownership from RM1 million to RM600,000 was meant to reduce supply overhang of condominiums and apartments.

Lower foreign buying threshold for condos applicable only to existing unsold units - Lim

The move to lower the threshold for foreigners to buy condominiums and apartments in urban areas from RM1 million to RM600,000 is only applicable to existing unsold units, said Finance Minister Lim Guan Eng.

Penang 'The Rise' condominium draws ire among residents

GEORGE TOWN, Oct 12 -- More than half of the residents of The Rise condominium at Jalan SP Chelliah here were dissatisfied with the poor condition of their unit and the facilities.

Lowering threshold to clear unsold properties should not detract from focus on affordable housing -- PAM

KUALA LUMPUR, Oct 12 -- The Malaysian Institute of Architects (PAM) says although lowering the price threshold for foreign buyers to RM 600,000  is a good short-term measure to clear existing unsold properties, it should not detract developers from their recent focus on affordable housing for the B40 and M40 segments.

Specific guidelines needed for relaxation in foreign property ownership - PwC

KUALA LUMPUR, Oct 11 -- Lowering of the threshold for foreign ownership in property from RM1 million to RM600,000 may be appropriate in the short term, but specific guidelines are important in ensuring long-term sustainability and viability, said PwC Malaysia tax leader Jagdev Singh.