PETALING JAYA (Oct 15): Paramount Property Development Sdn Bhd lauded the government’s move to lower the property price threshold for foreign ownership, as this is a good way of managing market inventories while welcoming global citizens to Malaysia, thus creating vibrancy within the market. 

“Opening up the market to foreign purchasers in a controlled way is a responsible way of managing housing stock to ensure that housing is firstly built for locals but in a global economy that desires foreign investment and welcomes tourists, we also build for other world citizens,” said Paramount Property CEO Beh Chun Chong in a press statement today. — EdgeProp.my

Click here to visit EdgeProp.my for the latest news on all things property