Visitors viewing the scale model of Country Garden Holdings’ Forest City project on the Malaysian side of the Straits of Johor near Singapore on April 19, 2016. Photo: Agence France-Presse

Malaysia’s southern state of Johor calls for property purchase restrictions by foreigners to be halved to bolster real estate sales

  • Foreigners are barred from purchasing Malaysian property valued at less than 1 million ringgit (US$242,000), a restriction imposed in 2014 to prevent speculation
  • The Johor real estate industry guild is urging the government to halve that limit, to bolster sales in a lacklustre market
Topic |   International Property

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Visitors viewing the scale model of Country Garden Holdings’ Forest City project on the Malaysian side of the Straits of Johor near Singapore on April 19, 2016. Photo: Agence France-Presse
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