IT is up to each state government to decide the threshold along with conditions for foreigners to buy high-rise units, says Economic Affairs Minister Datuk Seri Azmin Ali.
He acknowledged the Budget 2020 announcement on lowering the threshold in urban areas for foreign ownership from RM1mil to RM600,000 had led to concerns among locals.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!