Read the news in Chinese:
http://mykampung.sinchew.com.my/node/248268
It says Johor will ban Foreigner from buying properties in 2nd market.
It looks strange, since it conflicts the another recent news:
http://www.mysinchew.com/node/90262
Looks like the sinchew reporter either cannot understand Bahasa or English. Below is latest update on 28th August - statements also made by Abdul Latiff Bandi:
http://www.nst.com.my/streets/johor/foreign-real-estate-ownership-policy-under-review-1.344709
Foreign real estate ownership policy under reviewPOSSIBLE REVISION: Current policy may be amended to keep escalating property prices under control
THE state government is reviewing and looking to amend the policy on foreign ownership of real estate in Johor.
Johor Housing and Local Government committee chairman Datuk Abdul Latiff Bandi said this in response to a question by Mohd Ismail Roslan (Semerah-BN) on the state government's efforts to control escalating property prices in Johor during the state assembly meeting recently.
Latiff said a work committee chaired by Johor Land and Mineral Office director Jama Johan and a state committee chaired by Menteri Besar Datuk Seri Mohamed Khaled Nordin had been formed to review the policy.
"The Johor Land and Mineral Office have organised a workshop and meetings with the Real Estate and Housing Developers' Association Malaysia (Rehda) to get feedback on the matter," he said.
Latiff said the review was conducted upon the principle of maintaining the growth of the real estate industry and foreign investment in the state and to increase income for the state.
"I hope that all developers will cooperate should the policy be amended," he said.
He said it was also inaccurate to claim that the property price hike was due to the increase in the numbers of buyers from Singapore.
He said residential property prices were determined by other factors including the price of land, cement, bricks, steel and manpower.
Latiff also said that currently, foreign real estate ownership in Johor was controlled under the Land National Code 1965.
He said under Section 433B of the Code, foreigners could only buy real estate after their application was approved by the state government.
"The policy for foreign real estate ownership states that a foreigner can only purchase property worth RM500,000 and above," he said.
Latiff said there was also a quota to control the percentage of foreign investment in local real estate.
"For double-storey terrace and double-storey cluster houses, the quota is 20 per cent," he said.
He said for bungalows and vacant lots for bungalows, the quota was 30 per cent.
"For condominiums, apartments, and serviced apartments, the quota is 50 per cent from the total saleable units."
He said at present, there were 9,826 Singaporean owners of residential and commercial property in the state.
On a separate matter, Women and Family state committee chairman Asiah Md Ariff said the state government as looking after the welfare of the Orang Asli Seletar in Simpang Arang, Gelang Patah, who had been affected by development in the Iskandar Economic Region, Port of Tanjung Pelepas and Tanjung Bin.
"The state has extended help through the Orang Asli Development Department," she said in response to a question from Jimmy Puah Wee Tse (Bukit Batu-PKR).
"Among the aid we have given are bus fees for Orang Asli schoolchildren, daily pocket money of RM2 each for secondary school students and food baskets for 394 heads of family in Gelang Patah," she said.
She said the state government had also built seven new houses worth RM280,000 and repaired four houses at a cost of RM44,000 for the Orang Asli Seletar this year.
She said at present, there were 12,954 Orang Asli in the state, of which 1,709 were Orang Asli Seletar.
Locals will be badly screwed 
