JOHOR BARU: More than RM823mil worth of properties were sold during the Johor Property Expo 2023 (JPEX 2023) that was held in July this year, says Datin Paduka Dr Suhailizan Suliman.
PETALING JAYA: The first post-budget Malaysian Property Expo (Mapex), organised by the Real Estate and Housing Developers’ Association of Malaysia (Rehda) in Johor from Nov 8 to 10 registered a lower turnout. There were fewer foreign attendees, compared to the previous event in May. According to Mapex organising chairman and branch deputy chairman KK Wong, there was a good crowd, although smaller than the last expo. “Now, most foreigners have adopted a ‘wait and see’ approach following the latest announcements in the recent budget, especially on the proposed price limit of RM1 million for foreign buyers,” he said. In addition to the hike in real property gains tax and the ban on the developer interest bearing scheme, Johor is set to increase the price limit and levy imposed on foreign purchasers. The levy is to be raised from the current RM10,000 to 2% of the sale price. Koh Moo Hing, branch chairman of Rehda Johor, believes that the Johor market in 2014 will continue to be s