Johor looking to raise levy on property purchases by foreigners

JOHOR BARU: The state government is proposing to raise the levy on property purchases by foreign buyers from 2% to 3% as part of efforts to strengthen land administration and support ongoing system upgrades, says Mentri Besar Datuk Onn Hafiz Ghazi ( pic ).
This marks the first proposed revision to the levy since its introduction in 2014 and comes in tandem with a major overhaul of the Johor Land and Mines Office (PTG) to improve efficiency and transparency in land dealings.
'The state is looking to raise the approval levy from 2% (minimum RM20,000) to 3% (minimum RM30,000). These adjustments are necessary to support operatio­nal costs and reflect the upgraded level of service being offered to the public and investors,' Onn Hafiz said in a Facebook post yesterday.
He also revealed that the proposal includes revising the land transfer registration fee for properties valued over RM500,000.
Under the proposal, an additio­nal RM500 will be charged for every RM100,000 increment in property value.
The current levy and land trans­fer fees have been in place since 2014 and 2004 respectively, without any revision, he added.
'These proposed changes were discussed between PTG, Johor Real Estate and Housing Deve­lo­pers Association and Johor Bar Committee to ensure the adjust­ments are fair and justifiable,' he said.
Onn Hafiz, who is Machap assemblyman, said the revisions are part of a broader overhaul initiative within PTG, which is scheduled for completion by July 31 this year.

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