All foreigners can buy unsold luxury homes, reiterates Zuraida

Construction workers lay roof tiles in a residential development in Puncak Alam, Selangor November 1, 2018. — Picture by Yusof Mat Isa
Construction workers lay roof tiles in a residential development in Puncak Alam, Selangor November 1, 2018. — Picture by Yusof Mat Isa

KUALA LUMPUR, Sept 23 — Zuraida Kamaruddin has reiterated that the Malaysia My Second Home (MM2H) Programme for unsold luxury homes encompasses all foreign buyers and is not confined to purchasers from China.

She said the campaign is to solve the glut of unsold luxury homes.

“I have to set the record straight because the people’s assumption that the MM2H is only for buyers from China is not true. We are offering to all international buyers who are participating in the programme)” she told a press conference after launching the Malaysian Smart City Framework, here.

Zuraida said the secretaries-general of her ministry, the Home Ministry and the Tourism, Arts and Culture Ministry will discuss the implementation of the campaign.

“We will be meeting to discuss our way forward, whether we can use that platform to assist us in clearing the unsold high-end houses. So, this is still in the beginning stage of the discussion and we will see their recommendations,” she said.

Zuraida had said on September 16 that the home ownership campaign is an effort to restore the country’s economy.

She had said that by selling the unsold luxury homes, the government can stimulate the economy and open up opportunities for the developers to build more affordable homes. — Bernama

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