Zuraida to hold discussions with Finance Ministry over foreign property ownership issue

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There was a need to re-examine the policy, as many Malaysians disagreed with it.

Its Minister Zuraida Kamarudin said there was a need to re-examine the policy, as many Malaysians disagreed with it.

According to Zuraida, many were still unclear about the policy, and perceived that it had been proposed by her ministry, while it was actually under the jurisdiction of the Finance Ministry. "I will refer back to the Finance Ministry on whether there is a need for it to be reviewed. Maybe, looking at the response of the people, it should be taken into consideration," she told reporters after visiting the Pekan Nenas Fire and Rescue Station here Sunday .

She said her ministry was currently focusing on promoting the Malaysia My Second Home programme by providing attractive packages in collaboration with the Home Ministry and Tourism, Culture and Arts Ministry. When tabling Budget 2020 in Parliament on Friday , Finance Minister Lim Guan Eng said that to address the glut of condominiums and apartments worth some RM8.3bil, the government would lower the minimum price for foreign ownership of high-rise residential buildings in urban areas from RM1mil to RM600,000 in 2020. - Bernama

 

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New foreigner house price idea was from finance ministry, says ZuraidaThe housing minister says the budget proposal to lower the threshhold to RM600,000 was not from her ministry. FMTNews zuraida_my zuraida_my This is a half-ass, poorly thought out plan that will have serious financial consequences for potential Malaysians house buyers in the future. zuraida_my Ntah ape2.. pemaju tamak disusukan, rakyat merempat jadik gelandangan... salam jari tgh kepada siapa yg bagi idea ni... patut bia je jdk bubble, pegi tolong watpe, budu zuraida_my Proving to be an extremely unpopular decision considering most of the high end property are already owned by foreigners, and some even have several
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