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MOF under fire over property threshhold

Oct 14, 2019

Allowing foreigners to buy cheaper condos and apartments in urban areas, will not affect locals. 

The Finance Minister explained the measure announced in Budget 2020 will only cover existing projects, and not those that are to be launched. 

Lim Guan Eng says the overhang in the property market shows locals are not interested in what's available right now, so opening them up to foreigners will not affect us. 

From next year, foreigners will be allowed to buy homes priced from RM600,000, down from RM1 mil. 

Meanwhile, the Prime Minister assured they will not be given citizenship just because they buy a RM600,000 home.

Also, the Housing Minister will speak to the Finance Ministry about this. 

Minister Zuraida Kamaruddin says there's a need to re-examine the policy, as many Malaysians disagree with it.

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Warning against use of helium balloons at public events

All schools in Putrajaya have been advised not to use helium balloons in any event.

State authorities issued the warning after a bunch of helium balloons exploded at an Education Ministry event on Saturday. 

Police believe the explosion was caused by someone using a cigarette lighter to cut the string tied to the the balloons. 

16 people, including nine children were injured. 

Two of them are still in hospital and will be provided counselling.

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No M'sians affected by Hagibis

No Malaysians have been affected by Typhoon Hagibis in Japan. 

At least 30 people have been killed by the storm so far, which is one of the strongest to hit Japan in recent years. 

About 190 others are injured, while there has been severe flooding, as well as power cuts and travel disruption.