Share
PETALING JAYA (Nov 20): Johor wants the RM1 million floor on foreign property investment in the country to be reviewed, said its Housing and Local Government committee chairman Datuk Md Jais Sardy.
"The RM1 million restriction is the Federal government's policy [imposed in 2014]. We are looking for some locations, or units smaller than 1,000 sq ft, to see if we can have more reasonable prices for foreigners,” he said in a report by The Sun.
According to him, the state is currently looking at different formulas for housing projects specially for foreign buyers.
He noted that the state has stipulated that 40% of each housing project should feature affordable housing priced between RM80,000 and RM200,000.
TOP PICKS BY EDGEPROP
Taman Nusa Indah
Iskandar Puteri (Nusajaya), Johor
Taman Bukit Indah @ Iskandar Puteri
Johor Bahru, Johor
Taman Bukit Indah @ Iskandar Puteri
Johor Bahru, Johor
Kekwa Apartment @ Putra Perdana
Puchong, Selangor
The Andes Condo Villa @ Bukit Jalil
Bukit Jalil, Kuala Lumpur
Sunsuria 7th Avenue
Setia Alam/Alam Nusantara, Selangor
