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 between October 2024 and August 2026, according to Deputy Tourism, Arts and Culture Minister Chiew Choon Man. The programme's economic impact was primarily driven by property purchases totaling RM5 billion and fixed deposits amounting to RM3.82 billion.
During the period covered, the MM2H programme received 7,650 new applications across Platinum, Gold, Silver, and Special Economic Zone categories. Chiew emphasized that MM2H has demonstrated significant potential in boosting Malaysia's foreign direct investment, bringing in billions of ringgit in a short time and benefiting various sectors of the economy.
In a statement, the minister highlighted that China was the leading source of applications, with 3,847 applicants, followed by Taiwan (1,054), Hong Kong (324), Singapore (287), and the United States (284). To further broaden the programme's appeal to key markets like Hong Kong, Japan, and South Korea, Chiew proposed that the MM2H one-stop center would organize overseas sales missions to these regions.
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- MM2H generates RM8.85bil gains in less than 2 years freemalaysiatoday.com
