KULAI: Johor is considering enacting a tax on unsold property as a means to reduce property overhang.State Housing, Communication and Multimedia Committee chairman Dzulkefly Ahmad said the state had yet to make a final decision as it required feedback from all stakeholders, especially developers.
He said according to the National Property Information Centre (Napic), there were a total of 46,539 units of unsold property in Johor worth RM30.7bil as of June 2019.
“We also need to take into account the current economic situation if the properties were unsold due to factors beyond the developer’s power... it might not be fair (to impose the tax).
“However, if the unsold property is due to high prices set by the developers, then we can take action against them, ” he told reporters after officiating the Rumah Mampu Biaya Johor C Taman Scientex Kulai open ballot process here yesterday.
Dzulkefly said the state government had introduced a new policy in April 2019 under which property developers were required to submit a feasibility study before applying for planning permission from the local authority concerned.
“They must prove to the government that their housing project has market demand through the feasibility report, ” he said, adding that this was to ensure developers would only build properties if there were buyers.
Dzulkefly also said the state government had approved five government-owned land to be developed for its affordable housing programme – Rumah Mampu Biaya Johor (RMBJ) – this year.
The first phase will involve five districts namely Kulai, Batu Pahat, Kluang, Johor Baru and Tangkak.
He said the development would comprise 100% RMBJ units compared with 40% RMBJ development by private developers.
Dzulkefly said the state government would carry out all RMBJ projects through its government-linked companies such as KPRJ, Perbadanan Islam Johor, Johor Land and YPJ Holdings Sdn Bhd.