MM2H generates RM8.85bil gains in less than 2 years
Deputy minister says China had the most number of applicants between Oct 1, 2024 and Aug 31 this year with 3,847, followed by Taiwan, Hong Kong, Singapore and the US.
The Malaysia My Second Home (MM2H) programme generated RM8.85 billion in economic value from October 1, 2024 to August 31, 2026, according to Deputy Tourism, Arts and Culture Minister Chiew Choon Man. The programme saw more than RM5 billion in property purchases and an additional RM3.82 billion in fixed deposits during this period.
Chiew reported that the MM2H received 7,650 new applications across Platinum, Gold, Silver, and Special Economic Zone categories during the time frame. The Deputy Minister highlighted that MM2H has demonstrated significant potential in boosting Malaysia's foreign direct investment, bringing billions of ringgit into the country in a short time frame and benefiting various sectors of the economy.
The applications were primarily from China, with 3,847, followed by Taiwan with 1,054, Hong Kong with 324, Singapore with 287, and the US with 284. Chiew also mentioned that the MM2H one-stop centre will organize overseas sales missions to key target markets such as Hong Kong, Japan, and South Korea to further expand the programme's reach.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- MM2H generates RM8.85bil gains in less than 2 years freemalaysiatoday.com
