Price threshold on high rise property for foreigners lowered to RM600k
- 5 years ago
The government has reduced the floor price of properties that foreigners can buy from RM1 million previously to RM600,000.
Finance Minister Lim Guan Eng said this was among measures taken to address the overhang of condominiums and apartments which amounted to RM8.3 billion as of the second quarter of 2019.
Finance Minister Lim Guan Eng said this was among measures taken to address the overhang of condominiums and apartments which amounted to RM8.3 billion as of the second quarter of 2019.