Without a doubt, this year will be worse than the last. I lost a lot of money last year as a result of bad investment choices that I would not have made if I hadn't been so worried about my portfolio. I kept investing, but I couldn't determine whether to start paying for a house. In the end, I sold my positions, and the house needed more work than I had planned. I'm not sure how long I can keep going like this
True. My portfolio was diversified across several markets with the help of a financial planner, and were able to achieve over a million in net profit among high dividend yield equities, ETFs, and bonds. It is vital that you have a variety of exposure, including in firms that are currently generating cash flows.
@@corporatebreakoutcouple they won't. I've been in Malaysia long enough to see it. Go and look at the competitiveness index ranking published a week ago. Malaysia dropped 7 places. Thailand, Indonesia, China went up 5 to 7 places. This latest MM2H shows exactly why Malaysia dropped.
ummm they have already topped.... this is why you dont understand investing, buy low sell high. why would you buy in toronto canada at outrages prices when its decling.
Stop at 5'50". Damn right. If you want to offload / sell the property and local can't afford to cough up RM 1 millions then you are screwed! The only potential buyers are other foreigners but wait... they must only buy from the primary market. You are stuck with that property for years to come. So what is the message here? The policy only benefits property developers and banks to a certain extent and NOT the visa holder.
What a joke! This is the most laughable "shell game" I've ever seen. Silver, Gold, and Platinum have intentionally been designed to be undesirable to people who have that sort of free cash. With all due respect to the good people of Sarawak and Sabah, those places will never be a substitute for KL. This leaves only one thing: the Prime Minister's desire to steer retirees with less money to the Special Economic Zone disaster in Johor (where...incidentally, he's from). Since the Forest City coastal development has fallen flat as a magnet for Chinese investors and the Chinese developers are now defaulting on their loans, the apparent plan is to softly coerce foreign retirees into buying those badly built high rise condos. Hovering above all of this is the new concern about putting your money in a Malaysian bank now. The boys in the capital had better plan on some even worse application numbers in the coming months. All this nonsense makes Thailand, Spain, Portugal, Costa Rica, Panama, Italy, and Greece look a whole lot more attractive.
😂 We love your comment. It's actually funny but sad at the same time. Malaysia is such a beautiful country but unfortunately the powers that be don't know how to attract the right people to live and work in Malaysia
Hi Fran, the MM2H rules to force purchase of new property and hold for 10 years is a deal killer for most. Even at the end of 10 years the property can't be sold to new MM2H buyers. So, the Malaysian government goal is to only attract DEEP POCKET candidates that can afford these costs. The government needs to raise lots of money and support the new luxury developer RE market. Time will tell.
Only controversial if your intention is citizenship. But if you intend to retire and enjoy a different lifestyle for 10 years thats good enough. MM2H is not for poor people selling their homes to die in Malaysia. They must be rich enough to have two homes and go back before they die or 10 years which ever is earlier. Look at Dubai now homes to laundersrs and criminals. Some smart developers want to sell their unsold homes and push the government with silly scheme asking tourists to buy property! Thus my second home. haha. Its not for poor people to sell their homes and migrate to Malaysia.
Heard strong rumours that those who already owned property in Malaysia may possibly use the property as a qualifying condition. It must be based on the original purchase price and meets the minimum price according to the respective tiers
Agreed. It will remain a rumour at best until the official MOTAC announcement. As of now do consider my statement as grapevine and pray hard hard this rumours turn into reality 😁
These requirements are so disappointing. I am done with considering MY for long term residency. I will come less too because this is not welcoming. Primary market RE only? Nope not doing that. 1 million for a maid? GIVE ME A BREAK. Are we sure this is not MY is not my second home.... Poison pills everywhere. TH and MY requirements are out of control.
Only applicants for SEZ must buy property from the Developer. You can buy from secondary market if you want to live outside of SEZ such KL, Melaka, Penang etc
@@corporatebreakoutcouple Currently the documentation on the MOTAC site only states you have to buy a property to a certain value, no resale for 10 years etc. It does not state if you have to buy from a developer or the secondary market - it also does not say who you can sell to. Only states in the SEZ document that purchases must be made from a developer.
Sounds like if you want to stay in Peninsular Malaysia long term, then get a Sarawak MM2H visa. Then spend 10 months a year living in Kuala Lumpur and then 2 months a year living in Kuching? Is that the way to do it?
Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.
The pathway to substantial returns doesn't solely rely on stocks with significant movements. Instead, it revolves around effectively managing risk relative to reward. By appropriately sizing your positions and capitalizing on your advantage repeatedly, you can progressively work towards achieving your financial goals. This principle applies across various investment approaches, whether it be long-term investing or day trading.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
I definitely share your sentiment about these firms. Finding financial advisors like Monica Lisa Payne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Monica has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.
I was told by an agent that after 5 years, Silver tier has to reapply again unlike the other 2 tiers who can just get their passport stamped for extension. That being the case a RM1m property purchase will become too huge an investment for a retirement home because should the rules change, one might not get approved for the next 5 years and the next 5 and so on and what to do with the property? Uncertainty is just too high.
I love your videos and love your channel. I read on Yew Foong's channel that property can be purchased new or resale as long as its not in SEZ and SFZ. Don't know if that is correct.
@@LittleShanesHouse thanks so much!! We appreciate your support! We have received some updated reports unofficially that it might be the case. But since it wasn't official, best to check with the authorised MM2H agents
Perhaps I misunderstood something, but if you can only purchase a home from the primary market, meaning a new home, I would think you would not have to pay for renovation costs.
OK.... as a Canadian, we have topped out so we wanna buy low and sell high when PENANG turns into Singapore. is Now the Minimum purchase price on Penang island down to only 707625.00 RM? that is $150, 000 USD / or $205,000 CAD.... Before it was 800 000 RM If someone can reply the answer that would be Helpful to us overseas waiting to buy in Penang
If you are referring to MM2H criterias for house purchase and you want to reside in Penang, it's best you seek professional advice from authorised MM2H agents. On a side note, buying low and selling high for Penang is possible but highly unlikely these days. Penang is still a state in Malaysia, which means Penang is still subject to Malaysia's weakening ringgit, supply overhang and other economic issues that plague Malaysia, unlike Singapore which is a city state & country on its own. Buying a property in Penang for own home use is fine. If you are looking for capital appreciation in the future, do not get your hopes up too high.
@@jackbaldwin3649 you actually have around 1 years grace period to purchase a property upon your MM2H approval. You may withdraw up to half of your fixed deposit to purchase a property.
@@jackbaldwin3649 we do like Sarawak. Of course, Fran's from Penang so we can't retire in Sarawak as West Malaysians aren't allowed to live long term there. However SMM2H is definitely a hack 😊
MM2H requirements are still too restrictive esp with regards to home purchase and sale. Looks like SMM2H is more viable for me. And Kuching seems interesting. I will plan a trip there to check it out. I was from Penang before I emigrated to USA.
We absolutely loved Kuching, especially if you were from Penang. Why? Because the vibes & feel of Kuching does feel like Penang back in the 80s and early 90s. People there are so friendly, everyone speaks good English, very helpful and the food is pretty good.
@@lonewalker1595 we don't need to make a chart like this for SMM2H because the criterias for SMM2H isn't complicated or complex. If you refer to our SMM2H video, the one where we interviewed Ai Lyn, it's very straightforward
Actually what is the benefit of MM2H vs Sgrean that go as visitor, stat 30days each in msia and sg? Is this only for people that want to stay long term?
It's illegal to stay in a country as a tourist month in and out, renewing the tourist visa every 30 days. You will run the risk of being rejected from entering Malaysia if one has no valid reason for being in Malaysia so frequently.
@@CyChong-vm2uf yes, that's why it's called Malaysia My 2nd Home. It's meant for people to call Malaysia their home and be integrated into the community, boosting the economy by spending their money there.
I think it is possible. There is no stipulation it has to be cash purchase. Banks in Malaysia as are generally ok to finance local property purchase for foreigners as long as you have a healthy deposit (40% onwards??) and proof on income to support the mortgage? They approval is irrespective of whether you have/or not a MM2H visa
And visit Malaysia twice yearly for 90 days each on a social pass. As long as you reside in another country, immigration officers would likely allow this, especially if you have a return or onward ticket.
@@corporatebreakoutcouple actually dumb, crypto would be far superior, but penang malaysia is doing what singapore did.... ever hear the saying buy low sell high , figure it out boys
@@joelcollins5586 we replied to your other stand alone comment on Penang like Singapore. We wish Penang is like Singapore but alas, it cannot be as long as it's still part of Malaysia.
Only controversial if your intention is citizenship. But if you intend to retire and enjoy a different lifestyle for 10 years thats good enough. MM2H is not for poor people selling their homes to die in Malaysia. They must be rich enough to have two homes and go back before they die or 10 years which ever is earlier. Look at Dubai now homes to laundersrs and criminals. Some smart developers want to sell their unsold homes and push the government with silly scheme asking tourists to buy property! Thus my second home. haha. Its not for poor people to sell their homes and migrate to Malaysia.
Interest in revised MM2H has dropped 90%, highest on record. Compulsory purchase of property, directly from developers, does not contribute to the Malaysian economy. Only stuffs pockets of developers. Corruption at highest levels. No thanks.
There is an option to obtain a 2-year work visa by forming a private company in Labuan and applying for a Labuan director visa. It seems like the easiest route at the moment due to its lower requirements compared to the MM2H program. Perhaps you could explore this option in one of your upcoming videos? ♥ Additionally, Labuan is considered a tax haven, which I see as a jackpot for anyone working remotely or investing in crypto or the stock markets, all while enjoying a great lifestyle in Malaysia 😍
I just had a conversation with an agent in Sarawak, you CANNOT live in Western Malaysia with this visa. It is not enforced at this time but it could . So beware if you take this path.
I just had a phone call with SMM2H agent and she told me all Sarawak gov't cares is you stay in the state for 30 days . She added yes it is legal to stay in West Malaysia if one holds SMM2H visa
@@corporatebreakoutcouple *Since November 2022, a clause has been included in the approval letter stating that "allowed to travel to West Malaysia EXCEPT to reside in West Malaysia".
Terrible program. Lol. Reasonable? lol Thailand even has better program. Sarawak or Cambodia much better. I’ll just stick other spending 90 days a year in Malaysia
I have been planning to retire to Malaysia for 2 years, but this MM2H is an absolute no go for me. It is not a question of affordability. I do not want to be a forced investor in real estate. In my case Malaysia is foregoing a potential applicant who would otherwise bring a lot to the economy. I suspect I'm not alone. What a shame.
Not attractive. High capital commitment. Lock up period. Uncertainly of the ability to liquidate. High processing cost. Mandatory use of agent and high fees. Ripping off foreigners. Thailand is a better option.
Important to note, every state in Malaysia has their own property purchase minimum requirement sum which supersedes the minimum requirement. In Kuala Lumpur, you should be looking at a minimum 1 million ringgit property and not the 600k silver category mm2h stated. The list can be googled. You also cannot work or own a business for the silver and gold category visa. It will no longer be that affordable and pragmatic to take up the current mm2h visa unless your consideration is solely for retirement.
no smart person / investor would willingly invest into rapidly depreciating Ringgit and Real Estate in Malaysia. Especially for long term. given the harsh MM2H conditions , the only winners are the real estate developers, banks (control by the Malaysia government) and the government itself (for additional taxation income that otherwise would not be generated).. At the moment, according to recent report, Malaysians' household debt had climb to its peak in recent months, signaling a crisis level. It is extremely risky to invest heavily in Malaysia.
You don't buy a property in Malaysia for investment purposes. It's mainly for retirement and home ownership. The good news is that Malaysian houses are not leasehold and can be passed down to the next generation and the cost of living is a fraction of Singapore due to the exchange rate. Buying an apartment in Forest city for SG$400,000 is reasonable compared to a 4 room flat in Singapore that cost a lot more in some areas.
@@ViolentCabbage-ym7koS$400k isn’t cheap or reasonable for a thrash like apartment in land rich Malaysia. They have the space to build a lot more apartments like these and sell the new ones at the same price or even lower. Nobody is going to buy that $400k apartment off you so it’s essentially money down the drain. Freehold is good but there must be potential buyers from you in the first place.
@@ViolentCabbage-ym7ko You have to remember the target buyers are foreigners and after their visas expire (10 years) should the program no longer exist by then, what do they do with their properties? Many locals can't afford it. Once the program expires, foreigners no longer want to buy properties so you are stuck and screwed unless you sell it 40 cents to the dollar. My ex Malaysian co workers almost all have their primary residence so if you want to sell your MM2H property then unless it is cheap, no locals want to buy them. You're done
Great video,very detailed explanation 👍,even the silver package is way to high for me,to bad was really looking forward to living in Malaysia.......sigh 😔
@@tonymediati8274 good news! It is not! We did a Sarawak one as well. Do check it out here: th-cam.com/video/LD6JARhJVrs/w-d-xo.htmlsi=D76U1yyoDTmXdBn3
Not worth the trouble very hard to sell a condo as always new developments coming up would be easy to get trapped after 5years for any reason return,leaving a house you cannot sell for 5 years, Lagi baik datang ka Malaysia dua kaii sa tahun satu bulan sa tiup kali,Tak usah belanja banyak modal ,sewa sahaja Pada pendapat saya mesti NO sayang lah
Hello Fran, how are doing and thank you for the info. I'm a retired American living in Vietnam for the past 7yrs and I'm also married to a local Vietnamese, we recently visited Malaysia for the first time due a number of friends have suggested it to us due to the fact it's time took move on from Vietnam to a much more livable environment, which made us considered Europe instead of moving back to my home state of Southern California, but after visiting Malaysia we was amazingly surprised and absolutely fell love with your beautiful country, but our only concern is the MM2H Visa, which is not to clear on the terms of 50+ MM2H Visa holders, because I'm 52 and everything I've read or heard overall allow me to believe that i qualify, but as a 50+ MM2H Visa holders will i also be required to purchase property after making $32,000 USD deposit , because we'll like to rent for a while before purchasing property... Thank you i await your reply...
@@travelexploreasia9576 perhaps you can explore the Sarawak MM2H as it has different and less stringent requirements for people 50 and above. Feel free to watch our video that we made on SMM2H and we also interviewed a lawyer who is extremely familiar with the process
If you're under 50 years - you have to purchase a property on the SMM2H program too. It also looks like the Sabah MM2H will also follow the property purchase route too, but no full official release has been made yet.
Thanks Fran for the details its very informative. As a single whose still hv work and business in SG, I stay for 3 weeks and return for 1 week monthly. I also have the ABTC card which I use via KLIA
Here is a question. What if you are on a MM2H program and marry a Malaysian girl? Then what? What if on MM2H program and meet and marry a girl who is not Malaysian (say for example a Thai or Cambodian girl). Can you bring here back to Malaysia with you to live, or do you need to put additional money on the bank, she gets on the program also?
@@chadw.6049 If you marry a Malaysian, you can still stay on MM2H. Your wife doesn't need to be part of it. If you choose to give up MM2H, you can apply for spousal visa as u are married to a Malaysian. If you marry someone not a Malaysian, then your wife will be part of your MM2H application as part of your family.
What if you marry someone who is not a Malaysian after you have already been living in Malaysia under MM2H? Thanks. Also in your opinion which is better for living, Sarawak or Sabah? And what are the nicest cities there to live in long term? Any better places than Kuching?
@@chadw.6049 best to check with your MM2H agent on adding a spouse. Logically, it should not be an issue. Kuching is the capital city of Sarawak so it's already the best city to be in. We would select Sarawak over Sabah because Sabah looks to Sarawak for guidance so it's not as developed
My understanding is you only need to buy a new property within special economic zone, otherwise resale is fine. RM$1M to buy a property in KL, Penang or JB is still a big sum but this makes it easier to sell should you wish to do so.
This does nothing to incentivise people to apply IMHO. While I understand the government wants a certain type of expat, the original MM2H program was the best for expats. The rules will likely change again a year from now. Appreciate the vlog.
What if an apartment was purchased from developer before applying for MM2H. If the purchase was less than 2 years ago, can that acquisition be used to meet new property ownership requirement. Thanks.
Sabah may not need it's own MM2H because if you get the SMM2H, you can live in Sabah as long as you fulfil the 30 days minimum requirement stay in a calendar year in Sarawak.
@@corporatebreakoutcouple I think you had better look into this statement - Sabah have their own immigration restrictions as part of the MA 63 agreement when both Sabah & Sarawak joined Malay to become Malaysia in 1963. Even Malaysians from Sarawak and Peninsular Malaysia are restricted on how long they can stay or work in Sabah. Also, Peninsular & Sabah Malaysian's cannot live and work in Sarawak without a visa.
And after 10 years if you want to sell the property, must the next property after 10 years have to be from pri market? Does it has to be more expensive than the previous one.
It doesn't state what happens after 10 years. Our assumptions are that you can do whatever you want with the property and there will be no penalties to buy another at higher value. However it's best you consult an authorised MM2H agent.
You don't know what happens in 10 years. If they change the rules, you may be locked out from your property and forced to sell it with a huge loss. For Silver that could even happen after 5 years - so you are forced to keep the property for 10 years, but only get 5 years of VISA. LOL.
The Johor-Singapore Special Economic Zone (JS-SEZ) will allow Malaysia to tap Singapore's vast bank of investment capital and cutting-edge technology, while also opening up Malaysia's abundant supply of land and human resources to Singaporean businesses
@@paulinefriend9455 No. Anyone who wants to stay long term in Malaysia that is not under work permit, digital nomad visa or long term spousal visa must apply for MM2H.
I agree with others here that the purchase only form developers is mentioned specifically for SEZ MM2H. I found a document from Malay Government and used an online translator for Syarat_syarat_kelayakkan_baharu_penyertaan_program_MM2H_14_Jun_2024.pdf and it does not mention it must be from developers for Platinum, Gold, nor Silver tiers.
Apart from MM2H, different states have different price criterias for property purchase for foreigners. Of course, buying a property doesn't mean a foreigner can live in Malaysia. Under MM2H, people who want to live in Malaysia long term would then be able to purchase a house equal or more than RM600k under the Silver tier.
@@corporatebreakoutcouple So if I go for silver tier, I'm allowed to buy a property equal to Rm600k or higher, or am I still subjected to different states rule? I think places like KL or Johore will not allow foreigners to buy less than Rm 1m. It's qute confusing..
@@zappy1985 if you are going under the MM2H program, then it is RM600k or more under the Silver tier. The different price ruling in the different states will still apply for foreign investors that would like to purchase a property in Malaysia but they are still under a tourist visa. MM2H program exists so that foreigners are able to live in Malaysia legally and call Malaysia their 2nd home.
@@amvet5387 pretty much. The Malaysian govt has enough middle class and low income citizens living in Malaysia. They do not need anymore. They want to attract high net worth individuals into Malaysia
@@corporatebreakoutcouple I am not poor, got 3 retirements my wife has 2. we own a small beach resort in the Philippines also and a house, but I hate the PI, the noise and pollution gives me stress
@@corporatebreakoutcouple we go to Brunei every yr, my wife's kids and sister works there and I buy gold there. we also go to Labuan Love both places. I do want to take a bus from Brunei to Sarawak. thanks
@@joelcollins5586 if you are referring MM2H, then it is now by the 3 tiers. If it's purely for investment purposes (non MM2H) then refer to the individual states.
@@MrSGhawker1 the agents would know best as they are the ones liaising with the govt body. All MM2H applications needs to go through an authorised agent therefore the agents are the best source of updated information.
Great video. Malaysia is such a beautiful country. The property ownership requirement is unfortunate. Hopefully the SMM2H will remain a viable alternative.
Thank you very much for watching! Ever since we released the SMM2H video a few months back, many people were interested and have been in contact with Ai Lyn
SG$400,000 for an apartment in Forest City is reasonable considering that it's not a leasehold property and it can be passed down to the next generation. MM2H is meant for retirement and home ownership. That is probably why foreigners are not allowed to buy resale homes as it may drive up the housing prices for the locals
I and three of our friends also waiting to learn the minimum price for the purchase of the property in Johor Bahru to Qualify for SEZ... Do you now it?
@@tanchengs5502 yes, correct. If it's just for foreigners buying it. Like Singaporeans wanna buy property in Penang or KL, or if an Australian want to buy property. But once they apply for MM2H, they are subjected to MM2H rulings and it's now according to the different tiers.
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Without a doubt, this year will be worse than the last. I lost a lot of money last year as a result of bad investment choices that I would not have made if I hadn't been so worried about my portfolio. I kept investing, but I couldn't determine whether to start paying for a house. In the end, I sold my positions, and the house needed more work than I had planned. I'm not sure how long I can keep going like this
We've all made mistakes at some point. You should consider financial planning
True. My portfolio was diversified across several markets with the help of a financial planner, and were able to achieve over a million in net profit among high dividend yield equities, ETFs, and bonds. It is vital that you have a variety of exposure, including in firms that are currently generating cash flows.
Do you mind sharing your financial planner?
Leah Foster Alderman
You are most likely to find more info when you look her up.
Thanks for great video describing these truely terrible options. Sad because i love Malaysia but you'd have to be crazy to do one of these.
Thank you for watching the video! 🤩
Stupid requirements for these so expensive visas, we are talking about Malaysia, not Dubai or Switzerland ! Wake up !
Hopefully the govt will see all these comments and wake up 🤩
They think msia is the new Switzerland.
@@johnwalk123 😂
@@corporatebreakoutcouple they won't. I've been in Malaysia long enough to see it. Go and look at the competitiveness index ranking published a week ago. Malaysia dropped 7 places. Thailand, Indonesia, China went up 5 to 7 places. This latest MM2H shows exactly why Malaysia dropped.
ummm they have already topped.... this is why you dont understand investing, buy low sell high. why would you buy in toronto canada at outrages prices when its decling.
Stop at 5'50". Damn right. If you want to offload / sell the property and local can't afford to cough up RM 1 millions then you are screwed! The only potential buyers are other foreigners but wait... they must only buy from the primary market. You are stuck with that property for years to come. So what is the message here? The policy only benefits property developers and banks to a certain extent and NOT the visa holder.
That is the point we were driving at 👍
Or the citizens...it is a scam..my second home? Just come as a tourist stay in hotels and go back..
What a joke! This is the most laughable "shell game" I've ever seen. Silver, Gold, and Platinum have intentionally been designed to be undesirable to people who have that sort of free cash. With all due respect to the good people of Sarawak and Sabah, those places will never be a substitute for KL. This leaves only one thing: the Prime Minister's desire to steer retirees with less money to the Special Economic Zone disaster in Johor (where...incidentally, he's from). Since the Forest City coastal development has fallen flat as a magnet for Chinese investors and the Chinese developers are now defaulting on their loans, the apparent plan is to softly coerce foreign retirees into buying those badly built high rise condos. Hovering above all of this is the new concern about putting your money in a Malaysian bank now. The boys in the capital had better plan on some even worse application numbers in the coming months. All this nonsense makes Thailand, Spain, Portugal, Costa Rica, Panama, Italy, and Greece look a whole lot more attractive.
@@shyamdevadas6099 you raised excellent points
Unless there are no other places on this planet to live - loose, loose situation, no matter how you look at it.
😂 We love your comment. It's actually funny but sad at the same time. Malaysia is such a beautiful country but unfortunately the powers that be don't know how to attract the right people to live and work in Malaysia
Hi Fran, the MM2H rules to force purchase of new property and hold for 10 years is a deal killer for most. Even at the end of 10 years the property can't be sold to new MM2H buyers. So, the Malaysian government goal is to only attract DEEP POCKET candidates that can afford these costs. The government needs to raise lots of money and support the new luxury developer RE market. Time will tell.
Indeed, only time will tell if this new rules are a success or not
Only controversial if your intention is citizenship. But if you intend to retire and enjoy a different lifestyle for 10 years thats good enough. MM2H is not for poor people selling their homes to die in Malaysia. They must be rich enough to have two homes and go back before they die or 10 years which ever is earlier. Look at Dubai now homes to laundersrs and criminals. Some smart developers want to sell their unsold homes and push the government with silly scheme asking tourists to buy property! Thus my second home. haha. Its not for poor people to sell their homes and migrate to Malaysia.
@@tiries3471nothing in this world is for poor people 😢
Nice table comparing the 3 visa. SUBSCRIBED
@@SufianLau Thank you so much!
Heard strong rumours that those who already owned property in Malaysia may possibly use the property as a qualifying condition. It must be based on the original purchase price and meets the minimum price according to the respective tiers
The authorised MM2H agents would be able to confirm the rumours. Best to check with them 👍
Agreed. It will remain a rumour at best until the official MOTAC announcement. As of now do consider my statement as grapevine and pray hard hard this rumours turn into reality 😁
@@corporatebreakoutcouple Most of the MM2H agents do not want to share this or some other information until you sign up with them!
Source?
@@MrSGhawker1 trusted inside source...be patient there may good news to come...still fluid..but on the table so to speak...
These requirements are so disappointing. I am done with considering MY for long term residency. I will come less too because this is not welcoming. Primary market RE only? Nope not doing that. 1 million for a maid? GIVE ME A BREAK. Are we sure this is not MY is not my second home.... Poison pills everywhere. TH and MY requirements are out of control.
@@chrisnamaste3572 these kind of feedback is good because it shows the inefficiency of the thoughts behind coming up with the requirements
Only applicants for SEZ must buy property from the Developer. You can buy from secondary market if you want to live outside of SEZ such KL, Melaka, Penang etc
Where did you get the information that states that?
@@corporatebreakoutcouple Currently the documentation on the MOTAC site only states you have to buy a property to a certain value, no resale for 10 years etc. It does not state if you have to buy from a developer or the secondary market - it also does not say who you can sell to. Only states in the SEZ document that purchases must be made from a developer.
Doomed to fail….again
😂👍
Sounds like if you want to stay in Peninsular Malaysia long term, then get a Sarawak MM2H visa. Then spend 10 months a year living in Kuala Lumpur and then 2 months a year living in Kuching? Is that the way to do it?
@@chadw.6049 it has been done before by others so why not?
Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.
The pathway to substantial returns doesn't solely rely on stocks with significant movements. Instead, it revolves around effectively managing risk relative to reward. By appropriately sizing your positions and capitalizing on your advantage repeatedly, you can progressively work towards achieving your financial goals. This principle applies across various investment approaches, whether it be long-term investing or day trading.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
I definitely share your sentiment about these firms. Finding financial advisors like Monica Lisa Payne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Monica has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.
I was told by an agent that after 5 years, Silver tier has to reapply again unlike the other 2 tiers who can just get their passport stamped for extension. That being the case a RM1m property purchase will become too huge an investment for a retirement home because should the rules change, one might not get approved for the next 5 years and the next 5 and so on and what to do with the property? Uncertainty is just too high.
Is the agent an authorised MM2H agent? The rules have been changed such that only an authorised MM2H agent can help apply for you
I love your videos and love your channel. I read on Yew Foong's channel that property can be purchased new or resale as long as its not in SEZ and SFZ. Don't know if that is correct.
@@LittleShanesHouse thanks so much!! We appreciate your support!
We have received some updated reports unofficially that it might be the case. But since it wasn't official, best to check with the authorised MM2H agents
Oh wow, thank you so much for this video. I hope my family and I can move there one day
You are most welcome! Glad you found it useful
Is RM1m condo in Penang a good investment to qualify for MM2H?
@@lengmorris5372 to stay yes.
For capital appreciation, not really.
For rental, it depends on location
Perhaps I misunderstood something, but if you can only purchase a home from the primary market, meaning a new home, I would think you would not have to pay for renovation costs.
Why not? Most people will renovate the house to their liking and not just move in as it is.
No matter how ready the house is some furnishing works need to be done
I would love to move to Malaysia. But these conditions are not good!
@@Mevmotto yeah Malaysia is a gorgeous country to live in. However not many will qualify or want to pay these hefty costs
Buying Malaysia property = buying Malaysia Ringgit. They can keep dreaming.
😂😂😂👍
OK.... as a Canadian, we have topped out so we wanna buy low and sell high when PENANG turns into Singapore.
is Now the Minimum purchase price on Penang island down to only 707625.00 RM? that is $150, 000 USD / or $205,000 CAD.... Before it was 800 000 RM
If someone can reply the answer that would be Helpful to us overseas waiting to buy in Penang
If you are referring to MM2H criterias for house purchase and you want to reside in Penang, it's best you seek professional advice from authorised MM2H agents.
On a side note, buying low and selling high for Penang is possible but highly unlikely these days. Penang is still a state in Malaysia, which means Penang is still subject to Malaysia's weakening ringgit, supply overhang and other economic issues that plague Malaysia, unlike Singapore which is a city state & country on its own.
Buying a property in Penang for own home use is fine. If you are looking for capital appreciation in the future, do not get your hopes up too high.
Penang will NEVER turn into Singapore.
@@chrisnamaste3572 have you seen what they are doing
@@chrisnamaste3572 sad
@@chrisnamaste3572 sad but true
5:27 absolutely right.
Thanks for watching 🤩
Very helpful, thank you! Can you buy a property after one year when you are allowed to withdraw half of your fixed deposit?
@@jackbaldwin3649 you actually have around 1 years grace period to purchase a property upon your MM2H approval. You may withdraw up to half of your fixed deposit to purchase a property.
@@corporatebreakoutcouple Thank you so much!! Also, I like your suggestion about the Smm2h. Do you like Sarawak personally?
@@jackbaldwin3649 we do like Sarawak. Of course, Fran's from Penang so we can't retire in Sarawak as West Malaysians aren't allowed to live long term there. However SMM2H is definitely a hack 😊
Why MM2H if regular visa gives 90 days. I travel a lot, and don’t have time to settle in any one country.
@@michaelsang2583 not all countries receive 90 days visa. For example : Singapore citizens are given 30 days visa to visit Malaysia.
MM2H requirements are still too restrictive esp with regards to home purchase and sale.
Looks like SMM2H is more viable for me. And Kuching seems interesting. I will plan a trip there to check it out. I was from Penang before I emigrated to USA.
We absolutely loved Kuching, especially if you were from Penang. Why? Because the vibes & feel of Kuching does feel like Penang back in the 80s and early 90s. People there are so friendly, everyone speaks good English, very helpful and the food is pretty good.
Hi, kindly make a chart like this for SMM2H. Thanks
@@lonewalker1595 we don't need to make a chart like this for SMM2H because the criterias for SMM2H isn't complicated or complex.
If you refer to our SMM2H video, the one where we interviewed Ai Lyn, it's very straightforward
Finally 🎉
Thanks for watching!!
Actually what is the benefit of MM2H vs Sgrean that go as visitor, stat 30days each in msia and sg? Is this only for people that want to stay long term?
It's illegal to stay in a country as a tourist month in and out, renewing the tourist visa every 30 days. You will run the risk of being rejected from entering Malaysia if one has no valid reason for being in Malaysia so frequently.
@@corporatebreakoutcouple true, i guess mm2h its really for people that want to stay long term. At least 50% of their time in msia
@@CyChong-vm2uf yes, that's why it's called Malaysia My 2nd Home. It's meant for people to call Malaysia their home and be integrated into the community, boosting the economy by spending their money there.
@@corporatebreakoutcoupledo note it is Second home, not the First one.
Can I get bank loan for property purchase after approval mm2h
Best to check with the authorised MM2H agents on this
I think it is possible. There is no stipulation it has to be cash purchase. Banks in Malaysia as are generally ok to finance local property purchase for foreigners as long as you have a healthy deposit (40% onwards??) and proof on income to support the mortgage? They approval is irrespective of whether you have/or not a MM2H visa
@@weesonteh8751 that's very logical 👍
Easier just to go to Thailand. Nonpropery requirement.
Yup!
If you can read and speak Thai, why not. It's one thing to go on a vacation in Thailand, it's another to retire there
And visit Malaysia twice yearly for 90 days each on a social pass. As long as you reside in another country, immigration officers would likely allow this, especially if you have a return or onward ticket.
land of boleh pratah ,likes to flip .
It's roti canai in Malaysia. Haha!
I rather invest my Money On Mutual Fund or Bonds than Investing on Malaysian Real estate
Smart! 👍
@@corporatebreakoutcouple actually dumb, crypto would be far superior, but penang malaysia is doing what singapore did.... ever hear the saying buy low sell high , figure it out boys
@@joelcollins5586 we replied to your other stand alone comment on Penang like Singapore. We wish Penang is like Singapore but alas, it cannot be as long as it's still part of Malaysia.
@@corporatebreakoutcoupleit's turning into next singapore I vestments and development wise with all the islands
The clearest explanation of the recently revised mm2h criteria I've watched so far. Too bad its a no go for me.
Thank you so much for watching!
Yeah, it's not for a lot of people. Sigh.. They never learn
@@corporatebreakoutcouple Shouldn't be for anyone, as they make you buy overpriced with no option to resell it for the same price.
@@gameplayfirst-ger you can resell it for whatever price you want. It's the 2nd property price that needs to be higher than the first one.
@@corporatebreakoutcouple You won't find a buyer if the market is over-saturated by all those condos foreigners were forced to buy.
Only controversial if your intention is citizenship. But if you intend to retire and enjoy a different lifestyle for 10 years thats good enough. MM2H is not for poor people selling their homes to die in Malaysia. They must be rich enough to have two homes and go back before they die or 10 years which ever is earlier. Look at Dubai now homes to laundersrs and criminals. Some smart developers want to sell their unsold homes and push the government with silly scheme asking tourists to buy property! Thus my second home. haha. Its not for poor people to sell their homes and migrate to Malaysia.
Interest in revised MM2H has dropped 90%, highest on record. Compulsory purchase of property, directly from developers, does not contribute to the Malaysian economy. Only stuffs pockets of developers. Corruption at highest levels. No thanks.
👍
It is tourism at its worst! Extreme tourism...haha
New MM2H…..dead at the get go 😂
😂 DOA
Crazy then apply. Think so long more than 1 year come out such bullshit. 😅 Buy property from developers they don't run road u happy already.
These are unfortunately the rules one must play within when going to another country. Not within our control.
@@corporatebreakoutcouple we can always say NO. And apply for SMM2H instead.
@@Prahatech yes, that's an option and a great one at that!
Ridiculous!!!!
@@redgatecrt thanks for watching our video!
There is an option to obtain a 2-year work visa by forming a private company in Labuan and applying for a Labuan director visa. It seems like the easiest route at the moment due to its lower requirements compared to the MM2H program. Perhaps you could explore this option in one of your upcoming videos? ♥ Additionally, Labuan is considered a tax haven, which I see as a jackpot for anyone working remotely or investing in crypto or the stock markets, all while enjoying a great lifestyle in Malaysia 😍
@@Mint-X The other way is to apply for Sarawak MM2H, which we also covered in our Sarawak video.
I just had a conversation with an agent in Sarawak, you CANNOT live in Western Malaysia with this visa. It is not enforced at this time but it could . So beware if you take this path.
Thanks for watching this video!
Correct.
I just had a phone call with SMM2H agent and she told me all Sarawak gov't cares is you stay in the state for 30 days . She added yes it is legal to stay in West Malaysia if one holds SMM2H visa
@@valentinorossi7771 that's what we've been told as well
@@corporatebreakoutcouple *Since November 2022, a clause has been included in the approval letter stating that "allowed to travel to West Malaysia EXCEPT to reside in West Malaysia".
Its clear that this is not favorable for most
It does seem that the Malaysian govt only wants to attract a certain kind of profile into the country
Property developer and agents are the winners 🏆
Yup
Looking for suckers in an ever falling price environment. Collapsing currency n poor economy. Past history for the last 50 yrs is the evidence.
Terrible program. Lol. Reasonable? lol
Thailand even has better program. Sarawak or Cambodia much better. I’ll just stick other spending 90 days a year in Malaysia
@@chadw.6049 yeah, that tends to be the sentiment in general
I have been planning to retire to Malaysia for 2 years, but this MM2H is an absolute no go for me. It is not a question of affordability. I do not want to be a forced investor in real estate. In my case Malaysia is foregoing a potential applicant who would otherwise bring a lot to the economy. I suspect I'm not alone. What a shame.
@@SteveSSBB indeed you are not alone. It is definitely a shame.
Not attractive. High capital commitment. Lock up period. Uncertainly of the ability to liquidate. High processing cost. Mandatory use of agent and high fees. Ripping off foreigners. Thailand is a better option.
@@siuyu1936 Thailand definitely has less requirements
Important to note, every state in Malaysia has their own property purchase minimum requirement sum which supersedes the minimum requirement. In Kuala Lumpur, you should be looking at a minimum 1 million ringgit property and not the 600k silver category mm2h stated. The list can be googled.
You also cannot work or own a business for the silver and gold category visa.
It will no longer be that affordable and pragmatic to take up the current mm2h visa unless your consideration is solely for retirement.
@@LuckyJojo-yb9vt yup
This is by far one of the worst programs ever designed. The Thai DTV visa is far better!
@@bragboy definitely not the best
Thanks for watching our video!
Would you apply for the new MM2H? Let us know in the comments below!
Only Fools will fall for Scams over Money
no smart person / investor would willingly invest into rapidly depreciating Ringgit and Real Estate in Malaysia. Especially for long term. given the harsh MM2H conditions , the only winners are the real estate developers, banks (control by the Malaysia government) and the government itself (for additional taxation income that otherwise would not be generated).. At the moment, according to recent report, Malaysians' household debt had climb to its peak in recent months, signaling a crisis level. It is extremely risky to invest heavily in Malaysia.
Excellent points
You don't buy a property in Malaysia for investment purposes. It's mainly for retirement and home ownership. The good news is that Malaysian houses are not leasehold and can be passed down to the next generation and the cost of living is a fraction of Singapore due to the exchange rate. Buying an apartment in Forest city for SG$400,000 is reasonable compared to a 4 room flat in Singapore that cost a lot more in some areas.
@@ViolentCabbage-ym7ko there are many leasehold properties in Malaysia. Best to do due diligence before purchasing any property.
@@ViolentCabbage-ym7koS$400k isn’t cheap or reasonable for a thrash like apartment in land rich Malaysia. They have the space to build a lot more apartments like these and sell the new ones at the same price or even lower. Nobody is going to buy that $400k apartment off you so it’s essentially money down the drain. Freehold is good but there must be potential buyers from you in the first place.
@@ViolentCabbage-ym7ko You have to remember the target buyers are foreigners and after their visas expire (10 years) should the program no longer exist by then, what do they do with their properties? Many locals can't afford it. Once the program expires, foreigners no longer want to buy properties so you are stuck and screwed unless you sell it 40 cents to the dollar. My ex Malaysian co workers almost all have their primary residence so if you want to sell your MM2H property then unless it is cheap, no locals want to buy them. You're done
Excellent summary. Thank you, Fran, much appreciated.
You are most welcome! 🤩
This is horrible
@@abdurshakir3365 that seems to be the general consensus
How soon after getting mm2h must you buy your house in malaysia?
We don't know the exact timing. Best to check with an authorised MM2H agent for this.
Nay.
@@willembont4790 👍
Great video,very detailed explanation 👍,even the silver package is way to high for me,to bad was really looking forward to living in Malaysia.......sigh 😔
@@tonymediati8274 thanks for watching! Appreciate it.
Yeah, the requirements are a turn off for most people
Sigh
@@corporatebreakoutcouple is it the same for Sarawak?
@@tonymediati8274 good news! It is not!
We did a Sarawak one as well.
Do check it out here:
th-cam.com/video/LD6JARhJVrs/w-d-xo.htmlsi=D76U1yyoDTmXdBn3
@@corporatebreakoutcouple wow thank you so much for your quick reply ,going to watch your video on Sarawak,👍
Not worth the trouble very hard to sell a condo as always new developments coming up would be easy to get trapped after 5years for any reason return,leaving a house you cannot sell for 5 years, Lagi baik datang ka Malaysia dua kaii sa tahun satu bulan sa tiup kali,Tak usah belanja banyak modal ,sewa sahaja Pada pendapat saya mesti NO sayang lah
👍👍
Hello Fran, how are doing and thank you for the info.
I'm a retired American living in Vietnam for the past 7yrs and I'm also
married to a local Vietnamese, we recently visited Malaysia for the first time
due a number of friends have suggested it to us due to the fact
it's time took move on from Vietnam to a much more livable
environment, which made us considered Europe instead of moving back
to my home state of Southern California, but after visiting
Malaysia we was amazingly surprised and absolutely fell love with your beautiful
country, but our only concern is the MM2H Visa, which is not to clear on the terms
of 50+ MM2H Visa holders, because I'm 52 and everything I've read or heard
overall allow me to believe that i qualify, but as a 50+ MM2H Visa holders will i
also be required to purchase property after making $32,000 USD deposit , because
we'll like to rent for a while before purchasing property...
Thank you i await your reply...
@@travelexploreasia9576 perhaps you can explore the Sarawak MM2H as it has different and less stringent requirements for people 50 and above. Feel free to watch our video that we made on SMM2H and we also interviewed a lawyer who is extremely familiar with the process
❤
@@citizenOFpeace77 👍🤩
Sarawak sounds like a better option for now. Fund deposits are fine but the property purchase adds to considerations..
Indeed
If you're under 50 years - you have to purchase a property on the SMM2H program too. It also looks like the Sabah MM2H will also follow the property purchase route too, but no full official release has been made yet.
Don't park money in a country who refuse permanent residence. It's a Scam
Thanks Fran for the details its very informative. As a single whose still hv work and business in SG, I stay for 3 weeks and return for 1 week monthly. I also have the ABTC card which I use via KLIA
You are most welcome! Thanks for watching! 🤩
@@corporatebreakoutcouple continue your great work, its helping lots of Singaporeans and giving them some reality check!
Here is a question. What if you are on a MM2H program and marry a Malaysian girl? Then what? What if on MM2H program and meet and marry a girl who is not Malaysian (say for example a Thai or Cambodian girl). Can you bring here back to Malaysia with you to live, or do you need to put additional money on the bank, she gets on the program also?
@@chadw.6049
If you marry a Malaysian, you can still stay on MM2H. Your wife doesn't need to be part of it. If you choose to give up MM2H, you can apply for spousal visa as u are married to a Malaysian.
If you marry someone not a Malaysian, then your wife will be part of your MM2H application as part of your family.
What if you marry someone who is not a Malaysian after you have already been living in Malaysia under MM2H? Thanks.
Also in your opinion which is better for living, Sarawak or Sabah? And what are the nicest cities there to live in long term? Any better places than Kuching?
@@chadw.6049 best to check with your MM2H agent on adding a spouse. Logically, it should not be an issue.
Kuching is the capital city of Sarawak so it's already the best city to be in.
We would select Sarawak over Sabah because Sabah looks to Sarawak for guidance so it's not as developed
Thanks!
So was it easy for your husband to get a spousal visa through you to live in Malaysia?
Even your husband who married a Malaysian is not granted a PR.
What else is there to say for MM2H holders?
Getting a PR in Malaysia is notoriously difficult.
However we are not keen on getting PR anyway.
Argentina! Argentina! Don't cry for ... ! "Once was a tiger"
😂😂😂
My understanding is you only need to buy a new property within special economic zone, otherwise resale is fine. RM$1M to buy a property in KL, Penang or JB is still a big sum but this makes it easier to sell should you wish to do so.
@@lengmorris5372 thanks for the clarification
Isn't it more cost effective to marry a Msian? I'm/sure many loves to marry a foreigner for wot ever reason.
@@u2ber888 haha sure, if its love.
This does nothing to incentivise people to apply IMHO. While I understand the government wants a certain type of expat, the original MM2H program was the best for expats. The rules will likely change again a year from now. Appreciate the vlog.
Only time will tell
What if an apartment was purchased from developer before applying for MM2H. If the purchase was less than 2 years ago, can that acquisition be used to meet new property ownership requirement. Thanks.
Best to ask these deeper questions to an authorised MM2H agent.
We do not know the answer & would not want to lead you astray.
I hope Sabah follow the Sarawak guidelines and not the Federal Govt.......
Sabah may not need it's own MM2H because if you get the SMM2H, you can live in Sabah as long as you fulfil the 30 days minimum requirement stay in a calendar year in Sarawak.
@@corporatebreakoutcouple I think you had better look into this statement - Sabah have their own immigration restrictions as part of the MA 63 agreement when both Sabah & Sarawak joined Malay to become Malaysia in 1963. Even Malaysians from Sarawak and Peninsular Malaysia are restricted on how long they can stay or work in Sabah. Also, Peninsular & Sabah Malaysian's cannot live and work in Sarawak without a visa.
All rubbish without permanent residence. When u want to repatriate your funds u are Screwed
this cant work
Only time will tell 🤩
Previously S$148k, now S$200K. S$ 148K is difficult now how possible. Is useless
There are always other means. De Rantau, SMM2H
I cant see anything about the foreign fixed income requirement ?
@@mrbruceriddell that's because there isn't any
Kindly mention how many family member are allow to live?
@@Sundarbonabasan immediate family members (spouse + kids) and parents of the applicant.
Was lau why so troublesome just rent loh
Need to buy as part of the new MM2H requirements
And after 10 years if you want to sell the property, must the next property after 10 years have to be from pri market? Does it has to be more expensive than the previous one.
It doesn't state what happens after 10 years. Our assumptions are that you can do whatever you want with the property and there will be no penalties to buy another at higher value. However it's best you consult an authorised MM2H agent.
You don't know what happens in 10 years. If they change the rules, you may be locked out from your property and forced to sell it with a huge loss. For Silver that could even happen after 5 years - so you are forced to keep the property for 10 years, but only get 5 years of VISA. LOL.
ok, next time =)
@@pavelbusovikov6075 👍
Do you know what must be the minimum purchase price for a property in Johor Bahru to qualify SEZ pass/visa? Thanks in advance.
There is no such thing as SEZ pass or visa. SEZ is a zone.
Under MM2H, the purchase of the house follows the individual tiers - silver, gold, platinum
The Johor-Singapore Special Economic Zone (JS-SEZ) will allow Malaysia to tap Singapore's vast bank of investment capital and cutting-edge technology, while also opening up Malaysia's abundant supply of land and human resources to Singaporean businesses
@@corporatebreakoutcouple Of Course, but Europeans can retire there under SEZ also, no?
@@corporatebreakoutcouple Boy, you are rude! You go back and study there is SEZ Pass!!! I will not watch your videos ever again!
@@paulinefriend9455 No. Anyone who wants to stay long term in Malaysia that is not under work permit, digital nomad visa or long term spousal visa must apply for MM2H.
I agree with others here that the purchase only form developers is mentioned specifically for SEZ MM2H. I found a document from Malay Government and used an online translator for Syarat_syarat_kelayakkan_baharu_penyertaan_program_MM2H_14_Jun_2024.pdf and it does not mention it must be from developers for Platinum, Gold, nor Silver tiers.
That's great!
As always, best to reconfirm with the authorised agents
Can foreigners buy a home for USD150K( Rm600k) ??
Apart from MM2H, different states have different price criterias for property purchase for foreigners. Of course, buying a property doesn't mean a foreigner can live in Malaysia.
Under MM2H, people who want to live in Malaysia long term would then be able to purchase a house equal or more than RM600k under the Silver tier.
@@corporatebreakoutcouple So if I go for silver tier, I'm allowed to buy a property equal to Rm600k or higher, or am I still subjected to different states rule? I think places like KL or Johore will not allow foreigners to buy less than Rm 1m. It's qute confusing..
@@zappy1985 if you are going under the MM2H program, then it is RM600k or more under the Silver tier.
The different price ruling in the different states will still apply for foreign investors that would like to purchase a property in Malaysia but they are still under a tourist visa.
MM2H program exists so that foreigners are able to live in Malaysia legally and call Malaysia their 2nd home.
so this tells me that only rich foreigners can live there.
@@amvet5387 pretty much. The Malaysian govt has enough middle class and low income citizens living in Malaysia. They do not need anymore. They want to attract high net worth individuals into Malaysia
@@corporatebreakoutcouple I would love to retire in Brunei but they don't allow immigration. I am fed up with the Philippines the noise suck
@@amvet5387 perhaps you can consider Sarawak MM2H
We did a video covering SMM2H and it's a big hit. Do check it out!
@@corporatebreakoutcouple I am not poor, got 3 retirements my wife has 2. we own a small beach resort in the Philippines also and a house, but I hate the PI, the noise and pollution gives me stress
@@corporatebreakoutcouple we go to Brunei every yr, my wife's kids and sister works there and I buy gold there. we also go to Labuan Love both places. I do want to take a bus from Brunei to Sarawak. thanks
What is the participation fee?
It was covered in the video
USD150k is RM700k. Not 600k. Where do u get the Exchange rate?
We said it would cover the 600k that you would need. Doubt people will buy a on the dot 600k property.
@@corporatebreakoutcouple foriegner have to pay a minimum RM. Which is 800 or 1m
@@joelcollins5586 if you are referring MM2H, then it is now by the 3 tiers. If it's purely for investment purposes (non MM2H) then refer to the individual states.
What if one already owns property, or maybe 10 properties? Need to buy some more?
Best to check with the authorised MM2H agents in cases like these.
@@corporatebreakoutcoupleit should be written in the government rules. How An agent can say anything specific if it is not in the formal rules….
@@MrSGhawker1 the agents would know best as they are the ones liaising with the govt body. All MM2H applications needs to go through an authorised agent therefore the agents are the best source of updated information.
Great video. Malaysia is such a beautiful country. The property ownership requirement is unfortunate. Hopefully the SMM2H will remain a viable alternative.
Thank you very much for watching!
Ever since we released the SMM2H video a few months back, many people were interested and have been in contact with Ai Lyn
SG$400,000 for an apartment in Forest City is reasonable considering that it's not a leasehold property and it can be passed down to the next generation. MM2H is meant for retirement and home ownership. That is probably why foreigners are not allowed to buy resale homes as it may drive up the housing prices for the locals
Thank you for sharing your thoughts! 🤩
@@eugeneprokofiev4703 There are talks that the HSR will stop at Forest City. The Malaysia King is unlikely to let Forest City become a failed project.
@ violent cabbage - hi tan kin lian 😂
@@ocswoodlands Who tf is tan kin lian? I only know sum ting wong😂
@@ocswoodlands How the fark do you know he is Tan Kin Lian?
Did you cover SEZ and SFZ?
Yes, under Forest City
I’m 57 and actually looking at SEZ, still waiting to see the final version. Like not decisive on the government side yet 😬
You can start talking to the authorised agents to kinda get the feel and more info
I and three of our friends also waiting to learn the minimum price for the purchase of the property in Johor Bahru to Qualify for SEZ... Do you now it?
@@paulinefriend9455 if you are referring to MM2H application, then the purchase price of the house must follow the tier - silver, gold, platinum.
@@corporatebreakoutcouple Minimum property prices for foreign buyers are determined by different state government rules, not visa type.
@@tanchengs5502 yes, correct. If it's just for foreigners buying it. Like Singaporeans wanna buy property in Penang or KL, or if an Australian want to buy property.
But once they apply for MM2H, they are subjected to MM2H rulings and it's now according to the different tiers.