Johor to identify ways to solve problem of unsold luxury homes

JOHOR BARU (Nov 27): The Johor government will identify suitable and best ways to solve the problem of unsold high-cost housing units in the state.

Menteri Besar Datuk Seri Mohamed Khaled Nordin said the methods sought should suit the policy introduced before this. To solve the problem, he said, the state government would be collaborating with all the relevant parties including developers.

“Tuanku (Johor Sultan) had touched on this, so perhaps there is the need to look into a suitable policy to avoid frequent change of policy. We will consider and see, but the matters raised by Bank Negara will also be looked into by the state government towards solving the problem,” he told reporters after opening the Pasir Gudang Health Camp, here, on Saturday. — Bernama

This article first appeared in The Edge Financial Daily, on Nov 27, 2017.

For more stories, download EdgeProp.my pullout here for free.