Foreigners May Turn To Iskandar Malaysia Following Singapore's ABSD Rulling

on 27 February, 2012

There is a potential for more expatriates to buy properties in Iskandar Malaysia following Singapore's announcement of a 10 per cent Additional Buyer's Stamp Duty (ABSD) late last year for certain categories of residential property purchases in the republic.

Asked to comment on the matter, Johor Menteri Besar Datuk Abdul Ghani Othman said it would mean "more reasons for people to come here then".

- by Bernama