30 Oct '13, 1pm

Thank you PropertyGuru Singapore for carrying my latest article on your site.

With the new ruling on foreign property ownership announced last week by Malaysian Prime Minister Najib Razak, Medini has suddenly become the new foreign investors’ darling. The pro-Malaysian budget that comes into effect from 1 January 2014 is a significant shift under the Najib administration that requires foreigners to purchase properties from RM1 million (S$394,340) onwards. Taking a cue from policies in opposition-held states such as those by the Democratic Action Party (DAP) in Penang, the increase in minimum sum is to ensure property prices remain affordable for Malaysians. Previously, foreigners can only buy properties above RM500,000 (S$197,230) except in Penang where the price caps are RM1 million and RM2 million (S$788,160) for condominiums and landed properties respectively. With Medini being the only place in Malaysia where there is no such price caps and quot...

Full article: http://www.propertyguru.com.sg/blog/tag/medini-the-new-fo...

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