Malaysian minister defends proposal to market unsold luxury properties to China, Hong Kong buyers

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 66%

United States News News

United States United States Latest News,United States United States Headlines

KUALA LUMPUR: Malaysian Housing and Local Government Minister Zuraida Kamaruddin on Monday (Sep 16) defended her proposal to market unsold luxury ...

KUALA LUMPUR: Malaysian Housing and Local Government Minister Zuraida Kamaruddin on Monday defended her proposal to market unsold luxury properties to buyers from China and Hong Kong, pointing out that this would help resolve an oversupply situation.

“It will help in terms of economic prospects, job market, and to invigorate affordable housing projects.” The minister said she would seek Cabinet's approval after discussing the matter with Tourism, Arts and Culture Minister Mohammadin Ketapi. In a Facebook post on Sep 12, Ms Faizah wrote: “Imagine if her call became a reality? It is akin to our homeland becoming owned by others when our own citizens are unable to buy property.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Walao eh , i thought the 93 yr old dont allowed foreigners to buy those property ? Now roti prata , cos stuck alot no buyers ?

Private property developers have the means to market the properties they build overseas. Many have already done this. Ministry must focus on ensuring sustainable housing for all Malaysians - that’s serving rakyat. If there’s $1 to spend, spend it on solving issues for rakyat.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in US

United States United States Latest News, United States United States Headlines