#mm2hero #malaysiaproperty Subscribe to my channel for latest news and videos on KL properties! Interested to Buy/Sell/Rent in Mont Kiara, KL? Contact : Yew Foong @ +60 16 738 9620
The Malaysian gov is still divorced from reality - not only have they scared off prime MM2H candidates who would have injected many millions into the economy over the last 3 years - new visa holders would have spent at exactly the level needed to benefit the economy and small traders (far more even than was stolen from them thru 1MDB!). Only the desperate will apply for a visa which demands they buy property upfront - and those desperate may include unsavoury characters. The MM2H authorities are best described collectively as "chancers" and certainly as slow learners! Numbers of the righteous applying will be low - once the gov realises they've made another clusterfxxx - they'll change the regulations back to a reasonable level of income - say $1500/mo. Why spend millions advertising the country to attract tourists who stay for a couple of weeks - when the gov could have many "permanent tourists" spending here at no cost? The MM2H programme will fail to benefit the people once again.
mm2h means Malaysia is my SECOND home. Purpose? Enrich greedy house developers because normal tourists don't buy home. So you must be rich to have 2 homes. Who hv that kind of money? Money launderers.😂😂 It is NOT backdoor to citizenships.
@@user-yk9fw7qc9p I don't really see the benefit for tourists to buy a house in Malaysia. If you got money just stay in the most expensive hotels, cheaper then buying a house. Ridiculous. Unlike Dubai where properties are used to hide and launder dirty money.
Hi Yew! Thank you for your invaluable information which is always clear and precise. I want to come and live in Kuala Lumpur, a city that I love, when possible I will rely on you both for the purchase of a house and for the MM2H issue Thank you very much, greetings from Italy 🇲🇾🇮🇹
I read sad stories of those who sold their homes to come to MM2H. After 10 years they have no home in their own country to go back to! So what is their future? This is human tragedy waiting to happen. My second home should be clearly named as my holiday home in Malaysia.
I just wonder it is still a disaster or even more of a disaster. If I want to stay winter in KL, I can buy a property for 1mio and come as a tourist, valid for 3 month. There are no visa fees, there is no yearly obligation to stay, there is no fixed deposit requirement. So why should I apply for mm2h if I can avoid such a lot of money and hassle? For retirees that like to stay year around, they can just apply for S-mmth and have in contrast a much cheaper program, with much less fixed deposit and only 30 days of stay obligation. And besides of this 30 days, you can still live in KL and get a property and live there for the remaining 335 days of the year. How on earth should anyone apply for this new mm2h?
The S-MM2H still require you to purchase a property just fyi, unless you are above 50. Another thing is, you need to have passive income of 7K RM as well, not everyone has rental income to supplement their retirement.
mm2h means Malaysia is my SECOND home. Purpose? Enrich greedy house developers because normal tourists don't buy home. So you must be rich to have 2 homes. Who hv that kind of money? Money launderers. It is NOT backdoor to citizenships. You are right ..just be a normal tourist.
I would like to stay as a permanent resident wIthout being a burden on the Malaysian government AND spend my money in Malaysia which would help churn the economy but these MM2H conditions are ridiculous. I don’t want to purchase property but happy to rent which would clearly help Malaysian property investors. Malaysian banks interest rates are very low and the ringgit is very weak so why would I? It’s not a good financial move. I have no interest in spending 50% of deposit on any of these 4 sectors? If I could invest in a sector which gives good capital growth and returns, then ok. Agent fees are ridiculous, I can afford but it’s robbery, so forget it.
Beautiful Video ❤️ I think the pandemic has taught people the importance of multiple sources of income, unfortunately having a job does not guarantee financial security. I really appreciate the transparency and giving people a fighting chance during these difficult times.
So True! I'm into stocks Investment, Forex trading, cryptocurrency investments, Real Estate Investments and I am making good profits from them all. I always encourage Investments.
Most failures and loss on Investment usually happens when you invest without proper guide. It is best to have an investment *manager* who has in-depth knowledge about investing, to help you make money on your investment on your behalf.
Thanks for your work and for the information. Great. But one question: I heard that minimum stay in Malaysia was reduced from 90 days to 60 days since june 2024? is this correct?
mm2h means Malaysia is my SECOND home. Purpose? Enrich greedy house developers because normal tourists don't buy home. So you must be rich to have 2 homes. Who hv that kind of money? Money launderers. It is NOT backdoor to citizenships. You are right ..just be a normal tourist. You can leave anytime.
10 years? Wow. What happens if you buy a badly constructed dwelling or if the area changes to high crime or the RE value declines drastically. Ten years is far too long to hold.
@LittleShanesHouse SEZ and SFZ is Special Economic/Financial Zone. Currently it only applies to Johor. As for Penang, you can purchase both the primary and secondary market properties.
Great content. Clarifies a lot. Just one question- can you please clarify point#6. Is the 90 cumulative stay requirement per year or per duration of the visa? So if I have a gold visa, do I need to spend 90 days every year or once during the 15 years of my visa? Would greatly appreciate it if you can clarify this point for us. Thank you.
Hi, what if I already have MM2H for 10 years. When renewing, do I need an agent? Do I need to satisfy the new requirements on property and deposit? Is the renewal for another 10 years or now reduced to 5 years? Tk you.
mm2h means Malaysia is my SECOND home. Purpose? Enrich greedy house developers because normal tourists don't buy home. So you must be rich to have 2 homes. Who hv that kind of money? Money launderers. It is NOT backdoor to citizenships.
No, you don't. The new rules are only for the new applicants. For the old applicants it's quite straight forward, you can apply for your renewal directly in the MM2H office in Putrajaya (at least that's how we did), but it's also recommended to save some time spent on paper work and do it through local agent for a small fee. BTW now, it is reduced to 5 years.
Hi. Thank you for the lovely vid. Is it true that foreigners can only purchase "new builds" to satisfy the property purchase requirements? It seems that foreigners cannot buy from the secondary market. Please clarify. I think this could have been the 7th thing that you could have talked about in the vid :)
Hi there! Only SEZ visas must purchase Primary market properties. The other 3 (silver, gold and platinum are allowed to purchase both primary & secondary market properties). That's the info we have now but if there are any changes by the government, I will surely update it on my channel 😉
q: say you apply for silver package, you need to purchase at a property min value at rm 600k with Deposit of 150k USD which you could deduct on your property purchase. rite? my Qs are supposedly you buy 2 properties with total value of rm 600? (just for example) could you do like that? and then could you rent them out?
I have a huge clarification, the MM2H Agent is incredibly expensive and is almost half the price of thai elite visa (5 years.) Now the question is, for Silver visa holder, do you need to pay another 40K after 5 years just to renew again? That answer is important as if I still need to pay 40K RM again, I might pay more and go for thailand one instead, since it is alot less troubleshoot. Thanks.
Hi there! Based on the current information available the renewal fee for Silver is RM1.5k, Gold RM3k, Platinum RM 5k. Hope this helps. If you need recommendation on MM2H agent, drop me a WhatsApp message.
@@Gattberserk mm2h means Malaysia is my SECOND home. Purpose? Enrich greedy house developers because normal tourists don't buy home. So you must be rich to have 2 homes. Who hv that kind of money? Money launderers. It is NOT backdoor to citizenships. You are right ..just be a normal tourist.
@@Gattberserk I read sad stories of those who sold their homes to come to MM2H. After 10 years they have no home in their own country to go back to! So what is their future? This is human tragedy waiting to happen. My second home should be clearly named as my holiday home in Malaysia.
Thanks so much Yew. I´m thinking of relocating to KL and this concise explanation has helped a lot, since before it was all confusing.Can you recommend an mm2h agent of your trust ? How can I contact via email with you ? I wish you all the best.
Are you allowed to apply for a work visa separately if you also have mm2h. My wife is a teacher and would perhaps like to work whilst our kids are at school
@@DBAS52 mm2h means Malaysia is my SECOND home. Purpose? Enrich greedy house developers because normal tourists don't buy home. So you must be rich to have 2 homes. Who hv that kind of money? Money launderers. It is NOT backdoor to citizenships. If you retired why must work? can be free volunteer.or .just be a normal tourist.
MM2H - SEZ Johor Bahru Financial Requirements: $32,000 Deposit, and to purchase a Home, correct? Can you please enlighten us, what is the Minimum Price for the Home must be?
Hi there! For SEZ in Medini Iskandar Johor, there is no minimum purchase price set for foreigners right now. You just need to comply to your MM2H tier requirement. There is however an important point to note, all properties there are Private Lease Scheme (PLS).
I am a British Bangladeshi citizen. I want to buy a property in Malaysia in the next couple of years. Can i buy without the MM2H visa. I want to rent the property out. For me 3 months entry will be good enough for now. What is the minimum price house i can buy. Also can i apply for a loan from a Malaysian bank? I already own 2 houses in London.
Hi there! Yes you CAN buy a property in Msia without a MM2H visa. Minimum purchase price for foreigners in Kuala Lumpur is RM 1 Mil. Yes one can apply for loan from Malaysian bank if they can prove consistent income etc.
i thought platnum visa doesn't have minimum stay requirements, but anyhow, it's just plain stupid to force people to stay for any period of time, when people just want a visa of convenience
@@yewfoong but its still incredibly expensive, it make thai Elite visa so much more attractive. If i have to pay 40K RM to stay 5 years, and yet still need buy property yada yada, why not spend 115K RM just to enjoy Thailand wthout any deposit, income or property purchase?
mm2h means Malaysia is my SECOND home. Purpose? Enrich greedy house developers because normal tourists don't buy home. So you must be rich to have 2 homes. Who hv that kind of money? Money launderers. It is NOT backdoor to citizenships. You are right ..just be a normal tourist.
I agree - I grieve for the local folks that have lost the benefit of the billions in foreign currency that would have been injected into the Malaysian economy these past 3 years - just when people needed it most to recover from covid hit. And as you point out - the silly stubborn authorities continue blindly hoping visa applicants are as daft as they are! Result - more billions lost to the Malaysian people. Just which dunce is advising the departments handling MM2H policy🙄.
mm2h means Malaysia is my SECOND home. Purpose? Enrich greedy house developers because normal tourists don't buy home. So you must be rich to have 2 homes. Who hv that kind of money? Money launderers. That's where the dirty money goes. It is NOT backdoor to citizenships.
