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All foreigners can buy unsold luxury homes

September 23rd, 2019 Leave a comment

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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 Monday (Sept 23).

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 Sept 16 that the home ownership campaign is an effort to restore the country’s economy.

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

Source: Bernama

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