MM2H

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...

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...