mm2h

Are you an expat looking to call Malaysia home? Check out our detailed investment guide which lays out the foreign ownership process, costs involved as well as the latest information on Malaysia My Second Home (MM2H) and Premium Visa Programme (PVIP).

MM2H is an initiative by the Federal Government of Malaysia, is open to all foreigners from countries recognised by Malaysia regardless of race, religion & gender.

Despite the ongoing COVID-19 pandemic and record high housing prices on the island, buying activity in Singapore has remained brisk while Malaysia’s has been somewhat muted.

National Property Information Centre (NAPIC) hinted that under the upcoming Malaysian Budget (Budget 2022), the government may extend the HOC 2021 or Home Ownership Campaign to the subsale housing market.

Applications for the MM2H programme was temporarily frozen in August 2020, in view of the global Covid-19 pandemic. The government recently announced that MM2H would be reactivated with several new conditions and is set to resume in October 2021. However, the new criteria have received considerable backlash, for being too draconian.  A rethink in the new MM2H policies is needed if Malaysia wants to continue attracting foreign investors.