Foreigners can only buy properties costing RM1m and above from March 1


KUALA LUMPUR: The Guideline on the Acquisition of Properties by foreigners at the minimum threshold of RM1mil, as proposed in the Budget 2014, will take effect from March 1.

The Economic Planning Unit of the Prime Minister's Department said on Friday in states other than the Federal Territory of Kuala Lumpur, Putrajaya and Labuan, the actual enforcement date is subject to the respective state authority.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Industrial projects look increasingly attractive
Yew Lee expects to return to profitability on wider customer base
Changing office space requirements
Fed dampens hopes for rate cut
F&N to use cost management measures
Demand for co-working space remains resilient
Naza makes entry into green economy
CapBay aims to provide financing to more SMEs
New initiative for infrastructure needs in Perak
Ocean Fresh seeks ACE Market listing

Others Also Read