News List

Property: Penang to announce its own threshold for foreigners

GEORGE TOWN, Oct 18  -- The Penang government is expected to set its own threshold  in regard to purchase of property in the state by foreigners.

56 PR1MA development projects cancelled - Ministry

KUALA LUMPUR, Oct 17  -- A total 56 development projects under the PR1MA Corporation Malaysia (PR1MA), valued at RM9.98 billion have been cancelled, the Housing and Local Government Ministry (KPKT) said. 

Higher land price may spell unaffordable Kampung Baru property prices - PM Mahathir

KUALA LUMPUR, Oct 15 -- The government can offer a higher rate to Kampung Baru landowners for their plots but this would have implications on its development leading to higher and unaffordable property prices for many Malays, said Tun Dr Mahathir Mohamad.

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.