25 Mar '14, 7am

Johor investors to face problems - Property Auctions News, Property Investment | PropertyGuru

Mar 25, 2014 - PropertyGuru.com.sg Comment E-mail to friend Bookmark & Share Singapore speculators who were banking on making a quick profit from buying property in Johor, Malaysia, are likely to run into difficulties when the new RM1 million (approx. S$385,200) limit for foreign property purchases comes into effect on May 1. Many Singaporeans have been investing in property across the causeway in recent years, attracted by comparatively low prices. However, those who need to exit their investments quickly are likely to face significant challenges when trying to sell their property – and could ultimately be stuck with a property they cannot sell. From May 1, foreign property owners including Singaporeans who reportedly account for as much as 70 percent of property purchases in some parts of Johor state, will only be able to sell their units to other overseas buyers at pric...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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