Malaysian home ownership campaign should not go abroad, says property group
A sales agent speaks to a visitor during the launch of the Home Ownership Campaign at the Kuala Lumpur Convention Centre March 1, 2019. — Picture by Yusof Mat Isa
“HOC should not be promoted elsewhere because every country has patriotic expectations of its citizens to remain in their home country so bringing such a campaign to their country to attract them to make a home in Malaysia may not seem right,” he said in an interview withHe was responding to recent news that the Local Government and Housing Ministry is considering expanding the HOC to other countries such as Hong Kong to clear up the luxurious property glut in Malaysia.
Geh suggested linking property purchase with the Malaysia My Second Home programme as these buyers would be interested in living in the properties they bought. “If the government wants to make it one of the MM2H requirements, it is also acceptable to persuade foreigners to buy Malaysian properties,” he said.
“They come here, live here and spend here so they are also helping the country’s economy as they are buying and generating income for local businesses,” he said. It was originally introduced under the Tourism and Culture Ministry and is now under the Home Affairs Ministry’s jurisdiction.
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