Economic Affairs Minister Datuk Seri Azmin Ali: "A few states have made the announcement that they will look into this matter (lowering the property threshold for foreigners) but certainly it is up to the state government to decide.”
KUALA LUMPUR: It is up to the state government to implement the lower property threshold for foreign ownership that was announced in the Budget 2020, Economic Affairs Minister Datuk Seri Mohamed Azmin Ali.
At the budget tabling last Friday, the government has lowered the property threshold for foreign ownership to RM600,000 from RM1mil.
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