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  • 1 Post By Windmill65

MM2H - 3.0 going into 2024

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  1. #1

    Join Date
    Dec 2002
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    MM2H - 3.0 going into 2024

    Malaysia’s move to slash the amount needed to qualify for its second home programme to US$100,000 deposited in the bank has raised hopes of a surge of interest from potential expatriates, including from China.

    But experts warn the government must offer clear and consistent rules to lure serious numbers of applicants, after years of vacillating between appealing only to Asia’s rich and trying to attract its middle classes who need a cheaper point of entry.

    Applications for the Malaysia My Second Home (MM2H) programme have plunged by as much as 90 per cent since a 2021 policy shift that limited the scheme to foreigners with at least 2.5 million ringgit (US$539,000) in fixed deposits and liquid assets combined, and a monthly income of 40,000 ringgit (US$8,600).
    https://www.scmp.com/week-asia/econo...chinese-expats

  2. #2

    Join Date
    Mar 2016
    Location
    Malaysia
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    409

    We have to wait and see what this "version 3.0" will bring us. Not all requirements to obtain MM2H have been announced yet. So we can't compare its requirements with the previous versions.

    shri likes this.

  3. #3

    Join Date
    Dec 2013
    Location
    Hong Kong
    Posts
    12,333

    Useful. I would apply if this goes forward