LANGKAWI: No automatic citizenship will be given to foreigners purchasing properties in Malaysia. Prime Minister Tun Dr Mahathir Mohamad assured that the move to allow foreigners to buy condominiums and apartment units was due to a huge property overhang nationwide at the moment. “We want to sell the properties, and after selling the properties (overhang), we can revert to the ceiling price back to RM800,000 or RM1million. The Prime Minister reiterated that the properties purchased by foreigners could only be used as a holiday home and would not see them being given Malaysian citizenship. However, many quarters had asked the government to review the proposal for fear that developers will tend to build more properties specifically to be sold to foreigners.

Source: New Strait Times October 13, 2019 08:48 UTC