PASIR GUDANG: Beginning next year, the Johor state government will charge a processing fee on foreigners based on the property value if they want to buy properties in the state.
State Executive Councillor for Housing and Local Government Datuk Abdul Latiff Bandi said the new condition from the current requirement to pay only RM10,000 fee is to protect the Johoreans' interest.
The processing fee between four and five per cent of the property value purchased indirectly enables the state government to control the sale of properties to foreigners, he said.
"For instance, foreigners buying a property worth RM5 million, they have to pay only RM10,000 as processing fee currently. From next year, they have to pay based on the property value," he told a media conference after opening a seminar on Green Industry 2013 here on the 7th of October.
Latiff said proceeds from the fee will be used for projects and programmes towards the people's development.
"We will table the new condition in the budget sitting of the state legislative assembly, which will sit soon, for approval," he said.
The state government will also review the rental rate to obtain the temporary occupation licence for the sites of billboards, he said.
"There are more than 1,000 billboards in 16 local authority areas in the state. At present, the owners are paying only RM100 rental for the sites for a year.
"The rental will be increased to an appropriate rate," he added.