State Housing, Communication and Multimedia Committee chairman Dzulkefly Ahmad said that properties priced at RM600,000 and above make up between 60% and 70% of unsold properties here.
"Among the incentives that we are looking at is to review the RM1mil threshold of property prices for foreigners to buy property in Johor. "The matter will be reviewed by the state Land and Mines Office as the matter comes under their jurisdiction," he said when met at a property fair held at a shopping mall here on Friday .
The Kota Iskandar assemblyman however assured that the lowering of the minimum threshold would not increase property prices for locals. The measure was introduced by the previous administration to stabilise domestic prices from excessive speculation to enable local interests to acquire quality properties valued less than RM1mil per unit, especially residential units.
Looks like the govt have given up on the purchasing power of locals and labelled us all poor and non-affluent. Well, it is not the ability,but the loss of confidence. In case they don't get it.
Rm350k and Johor property market will be strivings. Johor can collect more tax from selling low than 1million threshold. Market is oversupply. Johor need buyers(Singaporean).
why build if no buyers, many ordinary Johoreans are without own property... need affordable houses instead of those super expensive rumah mampu tengok, please consider dr_sahruddin
This is bad
Because they have the most numbers of property unsold.
Johor government must look into the policy on how it can benefit for a local buyer, not vice versa. You find the most unsold unit range above 600 to 1 million over, landed and apartments. Let the developer think, that was their fault.
RM1m is about S$350K. Which is the average price of a 4-room HDB flat in a 'mature' HDB estate in S'pore! So why reduce the RM1m threshold in Johor? Is there a 'property glut' in the state?..SahruddinDr jimmypuah zuraida_my chedetofficial
Wrong move Stupid move Let the prop market crash Teach greedy developers a lesson Dont interfere with free market