news

Majority of MM2H applicants are Chinese nationals

KUALA LUMPUR: Chinese nationals comprised the most number of people who signed up for the Malaysia My Second Home (MM2H) programme since it was introduced seven years ago.

A total of 13,977 applications from 107 countries were received over the past seven years.

"The highest number of participants was from China followed by Bangladesh, United Kingdom, Singapore, Taiwan, India, Iran and Indonesia," said Tourism Minister Datuk Seri Dr Ng Yen Yen in reply to a question by Senator Sharifah Azizah Datuk Syed Zain in Dewan Negara on Dec 17.

From 2004 until November this year, MM2H participants purchased 811 houses worth a total of RM846.79 million with most of them choosing to stay in Kuala Lumpur, Selangor, Penang, Johor and Perak.

Under the programme, foreigners were only eligible to buy properties priced RM500,000 and above, she said. – Bernama

Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.
SHARE