Foreign ownership policy by YB Chairman of the housing & local council of Johor. The new rate for property ownership by foreigners are still not yet finalized by the state government and are still under indepth consideration, in order to accommodate concerns addressed by all citizens. The government are fully aware of the concern in relation to foreign ownership while ensuring economic growth & development of the state of Johor.
Therefore, the government will take into due consideration of all parties concerned directly on real estate development, in order to evaluate the direct impact towards the state development of Johor. The government will ensure that the interests of all parties will be taken into consideration in order to implement a new housing & development policy which will be more comprehensive & competitive.
To reiterate, the new policy will definitely encourage foreign investments into the state of Johor & present Johor as a more competitive state whilst in relation, cultivating relevant higher returns.