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Townships built exclusively for foreigners not allowed in Malaysia

While foreigners are welcome to acquire properties in Malaysia, the government is against projects built solely for foreign buyers, reported the Business Times.

“Let me be clear that our Prime Minister (Mahathir Mohamad) does not oppose foreigners buying properties in Malaysia, but when townships are built exclusively for foreigners, how does that benefit the country and Malaysians? This, the government will not accept,” Lim was quoted as saying in his keynote speech at the 2018 Annual Property Developers Conference.

– September 25, 2018

Read Full Article at https://www.propertyguru.com.sg/property-management-news/2018/9/174957/townships-built-exclusively-for-foreigners-not-all

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