Limit on landed properties raised from RM2mil to RM3mil on Penang island

GEORGE TOWN: The state government has increased the minimum price for foreign purchases of landed properties on Penang island from RM2mil to RM3mil.

State Housing Committee chairman Jagdeep Singh Deo said the increase was to protect the interest of locals due to the depreciation of the ringgit.

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Politics , Northern Region , landed , foreigners , price limit , jagdeep

   

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