08-10-2013, 03:56 PM
Base on the minimum entry for foreign property buyers, which is RM 500K, the 4%-5% are RM20K-25K, more than double the present fee.
Johor to charge foreigners more for buying houses
KUALA LUMPUR — Malaysia’s southern state of Johor, which neighbours Singapore, will impose a higher processing fee on foreigners who buy houses as it looks to boost revenues and rein in speculative buying, state news agency Bernama reported today (Oct 8).
Bernama quoted the state executive councillor for housing and local government, Mr Abdul Latiff Bandi, as saying the state government will charge a fee of 4-5 per cent of the property value. Proceeds will go towards welfare projects in Johor.
This compares with the current flat fee of RM10,000 (S$4,000) per property.
...
http://www.todayonline.com/world/asia/ma...uses-johor
Johor to charge foreigners more for buying houses
KUALA LUMPUR — Malaysia’s southern state of Johor, which neighbours Singapore, will impose a higher processing fee on foreigners who buy houses as it looks to boost revenues and rein in speculative buying, state news agency Bernama reported today (Oct 8).
Bernama quoted the state executive councillor for housing and local government, Mr Abdul Latiff Bandi, as saying the state government will charge a fee of 4-5 per cent of the property value. Proceeds will go towards welfare projects in Johor.
This compares with the current flat fee of RM10,000 (S$4,000) per property.
...
http://www.todayonline.com/world/asia/ma...uses-johor