Govt urged to review RM1mil threshold for foreign buying of properties

Johor Housing, Communications and Multimedia Committee chairman (centre) with Johor Real Estate and Housing Developers Asscoaition (Rehda) branch chairman Datuk Steve Chong Yoon On (left) and Johor Mapex 2019 organising chairman Andrew Tan at the launch of Johor Mapex 2019 on Saturday. - ZAZALI MUSA /The Star

JOHOR BARU: Johor Real Estate and Housing Developers Association (Rehda) is calling the government to consider reviewing the current threshold of property acquisition by foreigners.

According to Johor Rehda chairman Datuk Steve Chong Yoon On, the minimum threshold of RM1mil per unit imposed in 2014 should be reverted to RM500,000.