Singaporean investors undeterred by proposed Johor property tax hike

Malaysia Chronicle, 10 Jun 2013
Plans to raise property tax rates for foreign home buyers in Johor at the end of the year appear not to deter Singaporeans from buying units at the Afiniti Residences in Medini Iskandar Malaysia.
It is a joint venture between Khazanah Nasional and Temasek Holdings.
Singaporeans made up 25 percent of the buyers.
All 147 units were snapped up during Saturday's launch.
Malaysians accounted for 72 percent of the buyers, while the remaining units were snapped up by Chinese, Indian, and Indonesian nationals. Full story
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