To allow more locals to own homes, the state government may review foreigners’ home ownership quota in the state, said State Housing and Local Government Committee chairman Datuk Abdul Latif Bandi.
Abdul Latif said the review would be done based on feedback from the people in July.
“We could study foreigners’ percentage ownership, which currently stands at 20 per cent, and whether to retain or reduce the proportion,” he told reporters at KSL Hotel and Resort recently.
Dismissing claims that sales of houses are targeted solely at foreigners, he said with the creation of an international zone could control the number of homes owned by foreigners.
“A discussion on the international zone will be held between developers and consultants, to give them a chance to either object to or suggest ways to improve the zone,” he said.
Abdul Latif added that an Affordable Homes Open Day will be held at the same hotel from June 5 aimed at showing the public where affordable houses will be built and what progress has been made.
The three-day event features 35 developers offering 46,000 affordable homes as well as six local banks providing information on bank loan facilities, he added.
Farah Wahida, Editor of PropertyGuru, wrote this story. To contact her about this or other stories email email@example.com