PONTIAN (Bernama): The Housing and Local Government Ministry will hold discussions with the Finance Ministry on lowering the threshold for foreigners to purchase condominiums and apartments in urban areas from RM1mil to RM600,000. Its Minister Zuraida Kamarudin said there was a need to re-examine the policy, as many Malaysians disagreed with it. According to Zuraida, many were still unclear about the policy, and perceived that it had been proposed by her ministry, while it was actually under the jurisdiction of the Finance Ministry. "I will refer back to the Finance Ministry on whether there is a need for it to be reviewed. She said her ministry was currently focusing on promoting the Malaysia My Second Home (MM2H) programme by providing attractive packages in collaboration with the Home Ministry and Tourism, Culture and Arts Ministry.

Source: The Star October 13, 2019 15:11 UTC