According to news, YES... land is state matter.

Very lightly a lot of transaction in KL and Putrajaya. Not sure Cyberjaya is part of Wilayah...

According to news, YES... land is state matter.

Very lightly a lot of transaction in KL and Putrajaya. Not sure Cyberjaya is part of Wilayah...

SS2 side - THE HUB, Ken, Tropicana, Kelana Jaya, Sec 16, Sec 6, Ameera

Besides increasing the minimum threshold, the land office permits foreigners, PR holders and foreign companies to buy strata and landed strata properties only.

the above statement apply across all 3 zones or only apply to zone 3, look at the chart alone it is stated in the parentheses beside zone 3.

Federal Territory consist of

Kuala Lumpur
Labuan
Putrajaya

Cyberjaya should be part of Selangor

You're right, Cyberjaya is part of Selangor Under Sepang District.

Cyberjaya is selangor.

But overall, for Country Garden aka diamond city in Semenyih, more than 3/4 is local buyers according to the SA. So, don't expect china doll. Probably some rich semenyih farmers bought when they got rich selling their lands.

Hmm, that's good direction done by govt for Malaysian.
however, will developer increase the price in future in order to cap partially of non-bumi quota to sell to foreigners?
hopefully not affecting locals like us.

Unsure any further announcement will be made in the coming budget 2015 by federal govt.
haha

got 1/4 = 25% China Dolls.

Imagine, seeing them washing their under garments in the car porch, wearing a white blouse, etc.

This is a good policy to teach the speculators an expensive lesson. Because of them, many young generations have to buy inflated residential properties.

Foreigners will stop coming in, at least for next 2 years. It is Johor, now Selangor, who is next, Penang and KL perhaps? Foreigners, especially Singaporeans, will wait and see.

Hopefully, government will make impose other cooler measures to control further speculation. I am awaiting Bank Negara for another 1 or 2 rounds of interest hike.

aiyo. foreign buyers only make up small % in selangor prop. if KL prop different story la. i also never expect some foreigner buying my landed prop in selangor. lol

One condo in kota damansara which I know....a Chinese nationality bought 2 units of RM1.2 mil each recently.

Demand for those above 2 mil to increase and those below to Soften?

Developers: New Selangor property rules will have minimal impact, house buyers feel otherwise

Source: The Star Business

PETALING JAYA: Various stakeholders in the property sector hold divergent views on the new set of guidelines governing property purchases by foreigners in Selangor, with some believing it will prevent them from sweeping up properties and driving up prices.

National House Buyers Association secretary-general Chang Kim Loong applauded the state government’s move to set a minimum purchase price of RM1mil for the Hulu Selangor and Sabak Bernam districts (Zone 3) and RM2mil elsewhere (Zones 1 and 2).

According to an Aug 28 circular, the guidelines, effective Sept 1, apply to foreigners, permanent resident holders and foreign companies.

It added that the land office also only permits these groups to buy strata and landed strata properties.

Chang said this rule would prevent foreigners from grabbing up properties, using their superior exchange rate, which would result in increased prices and depriving Malaysians the opportunity to own such properties.

“Take, for example, the Singapore dollar against the ringgit. It’s peanuts to them,” he told StarBiz, urging other state governments, especially Penang and Johor, to follow Selangor’s footsteps to stop the steep rise in property prices.

Chang said Kuala Lumpur City Hall should also increase the minimum threshold to RM2mil, as RM1mil was considered a basic level entry price of a new property with a Kuala Lumpur address.

Meanwhile, the Real Estate and Housing Developers’ Association Malaysia opined that the new set of guidelines would not have much impact because the total number of foreign buyers here was minimal.

Its vice-president Sivanyanam Sinnathamby said that according to statistics from Malaysian Properties Inc, the number of foreign buyers on a national basis stood at a mere 4% to 7%.

“The number of foreign buyers in Selangor is even smaller. In short, the Selangor state authorities are making rules which affect such a small part of the market,” he said.

He added that foreign buyers were concentrated in Kuala Lumpur, Penang and Iskandar Malaysia, Johor.

Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector president Siders Sittampalam opined that it was an “overall fair move”, but expected little impact.

He said Zone 1, which includes the districts of Petaling and Sepang, was the main attraction for foreigners, but said this number was very small even in these areas.

He said that the policy itself was fair in terms of quantum and structure, as prices had indeed moved up quite a bit in the last several years.

“So, even with the RM3mil threshold for the commercial and industrial sub-segments, it is fair. This move is not something that should shake the market,” he said, adding that it was also fair to limit Malaysia My Second Home participants to one property.

Property consultant Khong & Jaafar group of companies managing director Elvin Fernandez said this was a pre-emptive strike to prevent foreign developers from Johor from entering Selangor because they had been scouting around Kuala Lumpur for land.

“This policy is a deterrent to foreign developers,” he said.

Alzac Viva Sdn Bhd project director Mak Foo Wei agreed, saying this move was to deter foreign Chinese developers in Johor from operating here.

He said the move would also protect the locals should property prices go up further, pointing out that an RM800,000 property might move into a range eligible for foreigners to purchase had the threshold not been moved up to RM2mil.

However, Ken Holdings Bhd group managing director Sam Tan said the Selangor market was very different from Johor’s and questioned the need for the new guidelines.

“There are foreigners who just need a small pad. They don’t need to buy a RM2mil property,” he said.

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I'm a house buyer but I don't feel otherwise. I agree with Rehda.

This post has been edited by Jasoncat: Sep 23 2014, 07:53 AM

Rehda talk again..

Haiz... They are happy because developer like CG from china will be impacted very bad ....

ha ha ha.. Rehda is protecting their rice bowl

But it's true lar, foreign buyers in selangor is small.

haha suddenly interested to know something as will question below

1. Rmxx to Rmxx range... Is consider as middle class earners for yours think?


Thanks ,exited on yours reply ...really curious on these topic ...can't wait


Anyone is welcome to share what you thinking also ......

So anyone from here willing to answer first , how much per month from minimum to maximum, is consider as middle class earner ?

Thanks

This post has been edited by Mrmr: Sep 23 2014, 08:44 AM