Property News · November 10, 2019

At US$145,000, Malaysian homes get cheaper for foreign buyers. Will locals pay the price?


Foreigners looking to buy property in Malaysia can now do so for as little as 600,000 ringgit (US$145,000) following a controversial move by the government to slash the threshold for foreign buyers by 40 per cent to address an oversupply of high-rise units.Finance Minister Lim Guan Eng announced the measure last month when he outlined Malaysia’s 2020 federal budget, saying that addressing the oversupply would boost the economy. Just days later, Prime Minister Mahathir Mohamad warned that …

Source : South China Morning Post
Read more…At US5,000, Malaysian homes get cheaper for foreign buyers. Will locals pay the price?

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