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Malaysia Wants Wealthy Hong Kong, Mainland China Investors To Absorb Us$8.9 Billion Residential Property Market Oversupply | South China Morning Post
Posted on: Oct. 29, 2019, 10:31 p.m.
Malaysia is seeking to avert a housing market crisis by luring foreign buyers to its rising stock of unsold homes, targeting wealthy mainland Chinese and Hong Kong residents with fast-track residency visas.The Southeast Asian country this month lowered the threshold for overseas buyers of residential property to 600,000 ringgit (US$143,453.5) and above, from 1 million ringgit previously. The easing, which takes effect for 12 months from January 2020, is likely to whet an appetite among Hong… Full investment news article