Little impact seen from higher rates for foreign property owners in Iskandar

KUALA LUMPUR: Mah Sing Group Bhd expects minimum impact on property sales to foreigners if the proposed higher tax rates are imposed on foreign property owners in Johor.

Group chief executive officer Tan Sri Leong Hoy Kum said: “I believe the Government knows what they are doing. I feel that the impact will be minimum because there are so many projects going on in Iskandar which will continue to attract foreigners.”