MM2H

1. MM2H: An Overview of Its Investment Impact The Malaysia My Second Home (MM2H) programme continues to be a crucial driver of foreign investment in Malaysia’s property market, with nearly half a billion ringgit in investment value held in the country. 📌 Key Figures (as of December 31, 2024):✔ Total Approvals: 58,468 pass holders✔ Investment from Fixed Deposits: RM233.8 million✔ Real Estate...

Malaysia My Second Home (MM2H): Enhancing Transparency and Flexibility The Malaysia My Second Home (MM2H) programme, a flagship initiative to attract long-term foreign residents, is undergoing significant enhancements by the Tourism, Arts and Culture Ministry (MOTAC). These updates aim to ensure smoother operations, greater transparency, and increased flexibility for participants. Strengthening...

Sarawak to Begin Licensing S-MM2H Agents in 2025 with New Requirements for Applicants and Agencies Starting January 1, 2025, Sarawak will independently license its own Sarawak-Malaysia My Second Home (S-MM2H) agents, a milestone initiative announced by Datuk Seri Abdul Karim Rahman Hamzah, the state’s Minister for Tourism, Creative Industry, and Performing Arts. This decision follows the delegation of...

MM2H Agents Face Strict Action for Spreading False Information, Warns Ministry Agents handling the Malaysia My Second Home (MM2H) programme may face serious consequences for circulating false rumours and misleading updates, according to the tourism, arts and culture ministry. In a Facebook post today, Tourism Minister Tiong King Sing said the ministry has launched an investigation following multiple...

34 MM2H Applications Approved by October 2024 Amid New Guidelines As of October 14, 2024, the Malaysia My Second Home (MM2H) programme has approved 34 applications out of 249 received, with 11 principal applicants and 23 dependents granted entry, according to Tourism, Arts and Culture Minister Datuk Seri Tiong King Sing. The MM2H programme continues to attract foreign interest, and the ministry received...

In a significant move aimed at bolstering its presence and operations in Malaysia, Country Garden Group has announced the establishment of a dedicated Malaysia Division. This strategic initiative comes at a pivotal time, as Forest City, a flagship project under the Country Garden portfolio, continues to gain traction due to Malaysia’s revised Malaysia My Second Home (MM2H) policy, its new status as a...

Malaysia’s revamped Malaysia My Second Home (MM2H) visa scheme is generating significant interest, particularly among China's wealthy youth. According to a recent report by the South China Morning Post (SCMP), the simplified visa requirements and potential investment opportunities have attracted a wave of inquiries, marking a notable shift in the MM2H programme's appeal. Increased Inquiries from...

How Foreign Buyers are Driving Up Property Prices in Kuala Lumpur The landscape of Kuala Lumpur's property market is undergoing a significant shift, with rising prices increasingly driven by foreign buyers, particularly from countries like China, South Korea, and Japan. This trend, highlighted by Universiti Teknologi Malaysia's property economics and finance associate professor, Dr. Muhammad Najib Razali,...

The Malaysia My Second Home (MM2H) programme, which has long been a cornerstone for attracting expatriates and retirees to Malaysia, has recently introduced a new requirement: property ownership. This move is anticipated to reignite international interest in Malaysia’s real estate market, according to the Real Estate and Housing Developers' Association (Rehda). The integration of this condition could be...

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...