By Nizam Zain
KUALA LUMPUR – The government is not obligated to grant citizenship to the foreigners who purchase properties in the country.
Minister of Federal Territories Khalid Abdul Samad said, if there is a need to sell properties to foreigners, the purchase can me made through the Malaysia My Second Home programme (MM2H).
“Whether it would be signed and opened to be sold at the international level, involving MM2H or otherwise, those are the approaches we need to think about if no local citizen is willing to purchase those units.
“That is a problem we need to overcome and resolve. It doesn’t mean that when the properties are sold to them, they need to be given citizenship,” he said.
Earlier the Minister of Housing and Local Government, Zuraida Kamaruddin said that the Home Ownership Campaign (HOC) for the buyers in China and Hong Kong was to resolve the issue of unsold properties. However, the campaign is still at the planning stage.
According to Zuraida, the campaign is restricted for unsold luxury homes and the campaign was proposed based on the feedback after she visited Hong Kong and China recently.
Zuraida said, the HOC for foreigners will be restricted to homes exceeding RM1 million.
Khalid also said that the proposal to sell the excess of local residential properties to the foreigners is one of the solution to avoid bad impressions on property market in the country.
“The empty, abandoned homes will give a bad impression to the property market in this country.
“When the houses could not be sold to the locals, the government needs to think for the benefit of the developers too,” he added. -MalaysiaGazette