Purchase of property by foreigner

It was reported in all major local newspaper that foreigners no longer need to seek the approval of Economic Planning Unit's Foreign Investment Committee before they purchase a Malaysian residential house or apartment but there are two conditions they have to strictly adhere to:-

1.The property must not cost less than RM250,000-00.
2.The residential house or apartment must be strictly for own occupation only.

More detail information can be obtained from EPU web site http://www.epu.jpm.my