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...
Malaysiaโs 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 Malaysiaโs 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...
An unexpected hurdle has emerged in the pursuit of Sabah's ambitions to introduce the Sabah-Malaysia My Second Home (Sabah-MM2H) programme. The Federal Ministry of Tourism, Arts and Culture (Motac) threw a spanner in the works, disrupting the diligent preparations made by the Sabah State Government. Minister of Tourism, Culture and Environment, Datuk Christina Liew, expressed dismay over Motac's abrupt...
Penang, often dubbed the Pearl of the Orient, enchants retirees with its seamless blend of historic charm and contemporary conveniences, underscored by a robust healthcare infrastructure. The rise of retirement homes in this picturesque locale reflects a society that values both tradition and modernity, providing a sanctuary for those seeking a serene yet stimulating golden age. Dr. Mastura Mohd Sopian, a...
The Malaysian real estate market is experiencing a revival of foreign interest, signaling a cautious yet undeniable rebound from the pandemic's impacts. Industry experts, including the Malaysian Institute of Estate Agents (MIEA) and the MM2H Consultants Association, point to the countryโs affordability, lifestyle appeal, and strategic policies like the Malaysia My Second Home (MM2H) program as key...
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