In an effort to control the rise in property prices, the government is mulling to increase the minimum floor prices for houses that may be bought by foreigners, from the current RM500,000 to RM1 million.
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Foreign buyers may pay double for houses soon
Malaysia’s property market beginning to stabilise
Property developments in areas where the proposed MRT and Light Rail Transit (LRT) stations are to be built will perform well this year. Residential properties in the Klang Valley should stabilise due to credit-tightening measures by banks and investors according to analysts.
Foreign buyers may pay double for houses soon
In an effort to control the rise in property prices, the government is mulling to increase the minimum floor prices for houses that may be bought by foreigners, from the current RM500,000 to RM1 million.
S'poreans make up the bulk of foreign buyers
A rising number of Singaporean and Singapore-based investors are investing in Malaysian, according to The Business Times.
