Foreigners accounted for below 1% of residential property deals over 18 months, Dewan Rakyat told

KUALA LUMPUR: Less than RM2.5bil worth of residential property in Malaysia was either bought by or had ownership transferred to foreigners over the past 18 months, says Local Government Development Minister Nga Kor Ming.

He said Malaysians still accounted for the bulk of property transactions and foreigners comprised less than 1% of residential property transactions from last year up to June this year.