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Exco: Penang hasn’t lowered cost building for unfamiliar home buyers

By   /  March 20, 2017  /  Comments Off on Exco: Penang hasn’t lowered cost building for unfamiliar home buyers

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Penang state executive councillor Jagdeep Singh Deo.  Picture by KE OoiPenang state executive councillor Jagdeep Singh Deo. — Picture by KE OoiGEORGE TOWN, Mar 14 — The Penang state supervision is still weighing an focus from developers to revoke a smallest cost for unfamiliar residence purchasers in a state, pronounced state housing exco Jagdeep Singh Deo.

He pronounced that a state indispensable to investigate a reasons and justifications behind a application.

Jagdeep afterwards deserted a news essay published in Utusan Malaysia yesterday saying that special discounts were given to foreigners purchasing homes in Penang.

“There is no such thing, no such discounts, this is fake and lies by Utusan,” he said.

Jagdeep explained that Penang Real Estate and Housing Developers Association (Rehda) due for a state supervision to revoke a smallest cost for unfamiliar squeeze of properties in Penang as good as a 3 per cent levy.

“We had a skill discussion final Friday to get feedback from developers and they had submitted this offer and we supposed it though we have nonetheless to make a preference on it,” he said.

On Penang island, foreigners might usually buy landed skill labelled above RM2 million and above RM1 million for stratified units.

The smallest cost for a mainland is RM1 million for landed skill and RM500,000 for stratified properties.

Jagdeep pronounced Rehda asked for this to be reduced to RM800,000 for statified units on a island.

Penang relates a 3 per cent levy on all skill purchases by foreigners.

This was introduced in 2015 to quell unfamiliar conjecture of Penang properties and usually industrial purchases by a Penang Development Corporation are exempted from this.

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  • Published: 1 month ago on March 20, 2017
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  • Last Modified: March 20, 2017 @ 3:48 pm
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