To allow more locals to own homes in Johor, the state government may review the home ownership quota for foreigners in the state, said State Housing and Local Government Committee chairman Datuk Abdul Latif Bandi.
Abdul Latif said the review would be done based on feedback from the public in July.
“We could study foreigners’ percentage ownership, which currently stands at 20 percent, and whether to retain or reduce the proportion,” he told reporters.
Dismissing claims that sales of residential properties are targeted solely at foreigners, he said the creation of an international zone could control the number of homes owned by foreigners.
“A discussion on the international zone will be held between developers and consultants, to give them a chance to either object to or suggest ways to improve the zone,” he added.
Image: Johor Bahru city skyline.
Farah Wahida, Editor of PropertyGuru Malaysia, wrote this story. To contact her about this or other stories email farahwahida@propertyguru.com.my
