MM2H

The Ministry of Tourism, Arts, and Culture (Motac) announced a significant milestone in Malaysia-India relations with the signing of two Memoranda of Understanding (MOUs) to enhance cooperation in tourism, as well as culture, arts, and heritage. The agreements were formalized during Prime Minister Datuk Seri Anwar Ibrahim's official visit to India from August 19 to 21, 2024. The MOUs were exchanged...

The Malaysia My Second Home (MM2H) program, which has attracted many expatriates and retirees to Malaysia over the years, is facing potential challenges following the introduction of a new property purchase requirement. This development may lead to a significant decrease in the number of applicants, according to MM2H Consultants Association president Anthony Liew. New Property Purchase Requirement The...

Malaysia My Second Home (MM2H) Scheme: Stricter Guidelines Impact Popularity The Malaysia My Second Home (MM2H) scheme, once a highly sought-after program for foreigners seeking long-term residency in Malaysia, has seen a significant decline in popularity over recent years. This downturn can be attributed to several revisions and stricter guidelines introduced under the revamped version of the program,...

Sabah Launches MM2H Programme: New Opportunities for Foreign Residents The Sabah state cabinet has officially approved the Sabah-Malaysia My Second Home (Sabah-MM2H) programme, opening its doors to participants starting today. This initiative aims to attract foreign residents to Sabah, fostering cultural exchange and economic growth within the state. Programme Approval and Oversight Sabah Tourism,...

Revisiting MM2H Criteria: Making Malaysia a More Attractive Retirement Destination Kepong MP Lim Lip Eng has called for a review of the 10-year holding criterion for property purchases under the Malaysia My Second Home (MM2H) residency visa scheme. His proposal aims to make Malaysia a more attractive retirement destination for foreigners, especially in light of recent guidelines that have deterred many...

Malaysia’s revamped Malaysia My Second Home (MM2H) programme under the "Silver" plan now requires foreign applicants to invest over RM1.3 million by purchasing property worth at least RM600,000 and placing US$150,000 (approximately RM710,000) in a fixed deposit. This change reflects Malaysia’s effort to attract high-value residents. However, Ananth suggests that tapping into the potential of...

Malaysia has long been a popular destination for Singaporeans, thanks to its close proximity, delicious food, and the favorable exchange rate. However, recent trends show a growing number of Singaporeans considering Malaysia not just for short visits but as a retirement destination. According to a survey by Blackbox Research and Qualtrics, up to one in three Singaporeans is now contemplating retirement in...

The Malaysia My Second Home (MM2H) programme, recently revised by the tourism, arts and culture ministry (Motac), is forecasted to have a significant positive impact on the property sector, particularly in the high-end segment. This forecast comes from Hong Leong Investment Bank Bhd (HLIB), which has upgraded the sector's rating from 'neutral' to 'overweight.' A New Cycle for Malaysia's Property...

The revised guidelines for the Malaysia My Second Home (MM2H) programme have generally been welcomed by agents, though concerns remain about the mandatory property purchase requirement. These new conditions, announced by the tourism, arts and culture ministry (Motac), aim to stimulate the high-end property market while attracting genuinely interested participants. Balancing Benefits and...

Malaysia My Second Home (MM2H) Program: A Strategic Initiative to Boost Kuala Lumpur's Economy and Attract Global Citizens The Malaysia My Second Home (MM2H) program, recently revitalized and approved by the Cabinet, presents a strategic initiative aimed at attracting international residents and bolstering the local economy. Under the stewardship of Datuk Seri Tiong King Sing, Minister of Tourism, Arts...