MM2H draws 7,650 applications, generates RM8.85bil in economic value
KUALA LUMPUR: The Malaysia My Second Home (MM2H) programme generated RM8.85 billion in economic value between Oct 1, 2024 and Aug 31, 2026, including more than RM5 billion in property purchases and RM3.82 billion in fixed deposits.
The Malaysia My Second Home (MM2H) programme has attracted 7,650 new applications between October 2024 and August 2026, contributing RM8.85 billion to the country's economy. This includes over RM5 billion from property purchases and RM3.82 billion from fixed deposits. Deputy Tourism, Arts and Culture Minister Chiew Choon Man highlighted the programme's potential in boosting foreign direct investment, with China leading applications at 3,847, followed by Taiwan, Hong Kong, Singapore, and the United States.
To reach key markets like Hong Kong, Japan, and South Korea, the MM2H One Stop Centre will conduct overseas sales missions. Chiew also emphasized the ministry's commitment to regulatory compliance, transparency, and integrity, reiterating their dedication to maintaining the programme's global reputation through regular consultations with industry players and stakeholders.
Brief written by urgent.news from New Straits Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
