hello yew foong! i just stumbled on your channel and you cleared a lot of doubts i had in mind, there's just one question though, let's say i apply for the SEAC visa i deposit the amount i purchased the property i do everything they ask and i finally get the residence permit card for 10 years, can i move to kuala lampur and live there.. of course ill still keep the first property i bought because i can't sell it for 10 years but can i also buy a second one in kl and just live there? thank you so much for taking the time to read this im sorry if this was a dumb question😅
Can you share where you got the information stating that for SEZ, you are ONLY allowed to get property in Forest City and Iskandar? How is the property market there? Can you also share a reliable agent? Can you pledge your existing property in KL for acquiring SEZ or are you required to purchase one in SEZ to qualify?
I would be rather reluctant to buy in Forest City considering that builder's Tofu Dreg construction methods back in China. But it would be great to get a list of developers selling properties in the SEZ.
I do recall now that Forest City is known as the "Ghost City," where no one wants to live. It was developed with the intention of becoming a bustling urban area, but it has remained largely uninhabited. The lack of residents has turned it into a modern-day ghost town, despite its advanced infrastructure and ambitious planning. It seems like a quicksand situation created by the Malaysian government. Thanks!
Hello Yew Foong, 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...
Hi there! Yes you are still required to purchase a property if you are applying for MM2H visa. In terms of when you will need to purchase the property, the exact timeline information is not available yet.
Thanks for providing further information, I thought the partial withdrawal from the fixed deposit can now been done as opposed to after one year? Also someone has uploaded a video plagiarising this exact content
1)I bought a condo years ago when i was working in Malaysia and still own it. However it is worth around 600k-800k MYR. Does this mean I would have to sell it and then purchase a property worth 1m MYR? 2) If after the first year, i have withdrawn half the deposit as permitted, when it comes to renewal after 5 years, do I need to top this back up to 150k USD? 3) I understand the 40k MYR agent fee covers medical insurance. Does this provide cover for 5 years (under Silver)? 4) Why is the 40k MYR necessary for medical insurance? I had understood the 150k USD deposit to be precisely there to cover any healthcare requirement since it is accessible after 1 year for medical costs.
Hi there! 1) If you are getting your MM2H in KL, then you will need to purchase a property worth minimum RM 1M. 2) No. You don't need to top up for renewal. 3) I think it is but I'm not 100% sure. It's better to check with an official MM2H agent on the details. You can contact me directly at +60 16 738 9620 if you need a reliable MM2H agent contact.
I have a question. I do not understand withdrawing the fixed deposit in order to use it for purchasing a property. Can you clarify this: How can you qualify for the MMH2, when you are required to buy a property in KL worth at minimum RM 1,000,000 but, you are not allowed to withdraw 50% of your fixed deposit until after 1 year? I think I am not understanding something here and need clarification on this please.
Hi there! You don't need to purchase the property immediately. Exact detail on the timeline is not released yet. You can contact me at +60 16 738 9620 if you need a reliable MM2H agent contact. In that way, they can update you on the latest information.
It will make the property expensive if all the foreigners here come to buy properties. Luckily, those MM2H applicants are not interested. Let make Malaysia home more affordable for Malaysian
Currently SEZ/SFZ only applies to parts of Johor. You can drop me a WhatsApp message at +60 16 738 9620 if you want me to recommend a reliable MM2H agent to you.
Dear Sister, wonderful information.As a couple we need to pay only $32,000 for 50+ age categary. Also I will be 50 after few months, so can I apply now for 50&50+ age categary so as not to waste time. Waiting for your response.
MM2H require to buy property.......but you said we can only withdraw a portion of the fixed deposit after 1 year ??? What is the point, the partial withdrawal is to help buying a property ?
Wow 1mil property is kinda deal breaker otherwise I love KL. From what I read properties usually depreciate in Malaysia given there is no mass immigration like western countries. So buying a property is huge gamble wish government relax terms bit for silver at least
You don't need a visa to rent a property in KL but the landlords will usually do a background check on occupation, nationality etc to make sure one will be able to pay the monthly rent and is of good character.
What if I purchase a property for say RM 500K as a non MM2H and later after a year or two I am interested in applying for MM2H how do I qualify as the there is a deficit in the property purchase price?
Each state in Malaysia has its own rules and regulations. There are some states where you can purchase overhang properties below RM 1mil even if you do not have a MM2H visa. Best is to pick the state you are interested and look for an experienced agent there to guide you.
Hi Yew, If I deposit 150k USD in a malaysian bank, is that enough to get the visa, or does the property have to be purchased at the same time? When does the property need to be acquired for the additional 1M RM? I'm assuming the silver tier is also at 1M if I want to stay in KL?
Yes in KL, foreigners need to purchase properties priced RM 1M and above. You will only need to buy the property after you get your visa. From the info I have received, you can wait for 1 yr so you can withdraw 50% of FD to buy the property.
@@yewfoong Many thanks for replying. Do you have an agent you'd recommend? I'm aware that the process is not underway yet, but it doesn't hurt to plan.
Low deposit interest rates Falling ringgit High inflation Why would you? That $150k usd won’t be worth $150k in 12 months time it will be worth far less, believe me
Hi Yew Foong, I'm over age 50 and I'm considering the silver visa. Can you rent your property if wish to move someplace else in Malaysia? Thank you so much!
thanks, very good information. May I ask another question? For the 90 days stay requirement, say, I am with my wife, both stayed 45 days, can we add the days up to be 90-days stay, and meet the requirement. Does it work?
Hi there, this is a grey area. From my understanding, you will need to continue to own a property in Johor. Of course you can also buy another property KL to live.. but I'm not too sure on the exact rule on this. It is best to contact a reliable MM2H agent for this question.
If a foreigner buys multiple properties without a visa can foreigner rent to properties out to tenants? If yes what is the taxation on this please? Thank you
This may sound a stupid question, sorry if it is. Can a foreigner live in Malaysia in rented accommodation only or do they have to buy a property in Malaysia if wanting to live permanently?. If they have to buy could they rent in Malaysia for 6 months and live outside of the country the other 6 months?
Usually the residential tenancy is 1 year but you can also find short term tenancy options. Look for an agent on Iproperty who specialises in the area and check with them.
Don't sign up for a MM2H Visa, until the Malaysian government stop forcing foreign people to hold a property for 10yrs. If Malaysian's buys a property in Australia they don't have to hold it for 10yrs. Forcing someone to hold a property for 10yrs is blackmail.
Excellent video - relevant, clear and to the point. You answered two questions that we needed to know. Many thanks Yew Foong.
This video is helpful to those interested in MM2H.
Useful information, especially on SEZ. Much appreciated.
Useful video
thank you very helpful. Please update us when SEZ rules are finalised.
Sure thing!
@@yewfoongyes please share with us about SEZ visa.
Clear and concise. Best videos on this topic I have seen. Thank you for your time and effort.
SMM2H information coming soon?
Great video, very informative!
Clear and concise. Best videos on this topic I have seen.
hello yew foong! i just stumbled on your channel and you cleared a lot of doubts i had in mind,
there's just one question though, let's say i apply for the SEAC visa i deposit the amount i purchased the property i do everything they ask
and i finally get the residence permit card for 10 years, can i move to kuala lampur and live there.. of course ill still keep the first property i bought because i can't sell it for 10 years but can i also buy a second one in kl and just live there?
thank you so much for taking the time to read this
im sorry if this was a dumb question😅
🎉🎉🎉
Can you share where you got the information stating that for SEZ, you are ONLY allowed to get property in Forest City and Iskandar? How is the property market there? Can you also share a reliable agent? Can you pledge your existing property in KL for acquiring SEZ or are you required to purchase one in SEZ to qualify?
I would be rather reluctant to buy in Forest City considering that builder's Tofu Dreg construction methods back in China. But it would be great to get a list of developers selling properties in the SEZ.
I do recall now that Forest City is known as the "Ghost City," where no one wants to live. It was developed with the intention of becoming a bustling urban area, but it has remained largely uninhabited. The lack of residents has turned it into a modern-day ghost town, despite its advanced infrastructure and ambitious planning. It seems like a quicksand situation created by the Malaysian government. Thanks!
Very informative video👍👍👏👏
Hello Yew Foong, 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...
Hi there! Yes you are still required to purchase a property if you are applying for MM2H visa.
In terms of when you will need to purchase the property, the exact timeline information is not available yet.
Can I get SEZ visa first then buy properties later?
Thanks for providing further information, I thought the partial withdrawal from the fixed deposit can now been done as opposed to after one year? Also someone has uploaded a video plagiarising this exact content
Can a MM2H visa holder cancel the visa at anytime and receive mandatory bank deposit back at time of cancellation?
1)I bought a condo years ago when i was working in Malaysia and still own it. However it is worth around 600k-800k MYR. Does this mean I would have to sell it and then purchase a property worth 1m MYR?
2) If after the first year, i have withdrawn half the deposit as permitted, when it comes to renewal after 5 years, do I need to top this back up to 150k USD?
3) I understand the 40k MYR agent fee covers medical insurance. Does this provide cover for 5 years (under Silver)?
4) Why is the 40k MYR necessary for medical insurance? I had understood the 150k USD deposit to be precisely there to cover any healthcare requirement since it is accessible after 1 year for medical costs.
Hi there!
1) If you are getting your MM2H in KL, then you will need to purchase a property worth minimum RM 1M.
2) No. You don't need to top up for renewal.
3) I think it is but I'm not 100% sure. It's better to check with an official MM2H agent on the details.
You can contact me directly at +60 16 738 9620 if you need a reliable MM2H agent contact.
Can SEZ MM2H applicants apply with existing properties located in Iskandar Zone?
I have a question. I do not understand withdrawing the fixed deposit in order to use it for purchasing a property. Can you clarify this: How can you qualify for the MMH2, when you are required to buy a property in KL worth at minimum RM 1,000,000 but, you are not allowed to withdraw 50% of your fixed deposit until after 1 year? I think I am not understanding something here and need clarification on this please.
Hi there! You don't need to purchase the property immediately. Exact detail on the timeline is not released yet.
You can contact me at +60 16 738 9620 if you need a reliable MM2H agent contact. In that way, they can update you on the latest information.
It will make the property expensive if all the foreigners here come to buy properties. Luckily, those MM2H applicants are not interested. Let make Malaysia home more affordable for Malaysian
Can a MM2H visa holder borrow against property equity from an Malaysian bank?
Any updates on when can apply for MM2H? I am interested in the SEZ.
Currently SEZ/SFZ only applies to parts of Johor. You can drop me a WhatsApp message at +60 16 738 9620 if you want me to recommend a reliable MM2H agent to you.
Thanks
@@yewfoong If I buy a home with the (SEZ visa), can I rent it out and live in another part of Malaysia? Thank you again!
Dear Sister, wonderful information.As a couple we need to pay only $32,000 for 50+ age categary. Also I will be 50 after few months, so can I apply now for 50&50+ age categary so as not to waste time. Waiting for your response.
MM2H require to buy property.......but you said we can only withdraw a portion of the fixed deposit after 1 year ??? What is the point, the partial withdrawal is to help buying a property ?
Wow 1mil property is kinda deal breaker otherwise I love KL. From what I read properties usually depreciate in Malaysia given there is no mass immigration like western countries. So buying a property is huge gamble wish government relax terms bit for silver at least
What visa's could I apply for if I want to long term rent a property?
You don't need a visa to rent a property in KL but the landlords will usually do a background check on occupation, nationality etc to make sure one will be able to pay the monthly rent and is of good character.
@yewfoong Do you still have to leave the country after 90 days when long term renting?
What if I purchase a property for say RM 500K as a non MM2H and later after a year or two I am interested in applying for MM2H how do I qualify as the there is a deficit in the property purchase price?
Good question, that is my question also.
You will need to purchase a property that meets the price requirement for your visa.
No
@@Talk3Talk4Only Yes
@@propertyguru22 he need to buy again if the price is low. if the price is over, he cant withdraw the money
Penang state mm2h is 600k mini. Can I buy pty there ard 650k and then apply for mm2h later? Or strictly must apply 1st?
You can buy first and apply later
@yewfoong but can I buy property around 600k+? Many agents said only mm2h can. Else must b resale above 1M. So confused.
Each state in Malaysia has its own rules and regulations.
There are some states where you can purchase overhang properties below RM 1mil even if you do not have a MM2H visa.
Best is to pick the state you are interested and look for an experienced agent there to guide you.
Hi Yew, If I deposit 150k USD in a malaysian bank, is that enough to get the visa, or does the property have to be purchased at the same time? When does the property need to be acquired for the additional 1M RM? I'm assuming the silver tier is also at 1M if I want to stay in KL?
Yes in KL, foreigners need to purchase properties priced RM 1M and above.
You will only need to buy the property after you get your visa. From the info I have received, you can wait for 1 yr so you can withdraw 50% of FD to buy the property.
@@yewfoong Many thanks for replying. Do you have an agent you'd recommend? I'm aware that the process is not underway yet, but it doesn't hurt to plan.
Yes I do. Please drop me a WhatsApp Text at +60 16 738 9620 and I can send you the name card.
Low deposit interest rates
Falling ringgit
High inflation
Why would you?
That $150k usd won’t be worth $150k in 12 months time it will be worth far less, believe me
@@redgatecrt Correct. This Program is not for people like you who worry about 5 to 8% decline in the Ringgit.
What about the last generation of mm2hers to renew in due course ?
What happens when the $1million ringgit property purchase requirement loses value like many other properties in Malaysia?
Suck thumb like every single one who bought Malaysia property.
Hi Yew Foong, I'm over age 50 and I'm considering the silver visa. Can you rent your property if wish to move someplace else in Malaysia? Thank you so much!
thanks, very good information. May I ask another question?
For the 90 days stay requirement, say, I am with my wife, both stayed 45 days, can we add the days up to be 90-days stay, and meet the requirement. Does it work?
No
Each of you must spend a total of 90 days in a 12 month period, the 90 days spent can be consecutive or broken
Can you apply for a MM2H visa without using an agent?
Yes, you can. But it is not recommended.
No. Last time you can but the new rules states you have to apply via official MM2H agents in Peninsula Malaysia.
Can SEZ applicants live in KL after getting the 10yrs visa
Hi there, this is a grey area. From my understanding, you will need to continue to own a property in Johor.
Of course you can also buy another property KL to live.. but I'm not too sure on the exact rule on this.
It is best to contact a reliable MM2H agent for this question.
Does an existing MM2H person after renewal, need to comply with the 90 days/year rule?
For existing MM2H holders, just follow your old rules. It's grandfathered to it.
@@yewfoong Thanks very much for your detail information
As a Singaporean without MM2H, may I know the maximum loan amount that can likely be obtained from a Malaysian bank? Thanks
Usually the maximum is 60-70% for foreigners
@@yewfoong thanks
If a foreigner buys multiple properties without a visa can foreigner rent to properties out to tenants? If yes what is the taxation on this please? Thank you
You need to seek tax information from a qualified tax accountant in Malaysia as well as seeking tax implications from your country of citizenship
I bought a jb taman molek property last year from developer at rm780k. Can i pledge it for mm2h sez?
Good question. I wondered about the boundaries of the SEZ. I know Iskandar and Forest City are both west of Johor Bahru.
This may sound a stupid question, sorry if it is. Can a foreigner live in Malaysia in rented accommodation only or do they have to buy a property in Malaysia if wanting to live permanently?. If they have to buy could they rent in Malaysia for 6 months and live outside of the country the other 6 months?
Hi there! There is no stupid question 😊
If foreigner is living in Malaysia under MM2H visa, they will need to purchase a property.
@@yewfoong Thank you for the very helpful information
Can we rent a property in Putrajaya for less than 1 year? like 6 months
Usually the residential tenancy is 1 year but you can also find short term tenancy options. Look for an agent on Iproperty who specialises in the area and check with them.
Can I apply for mm2h first then purchase property after mm2h approval?
Yes you can 👍🏽
Don't sign up for a MM2H Visa, until the Malaysian government stop forcing foreign people to hold a property for 10yrs. If Malaysian's buys a property in Australia they don't have to hold it for 10yrs. Forcing someone to hold a property for 10yrs is blackmail.
MM2H is way too expensive. Better go to Thailand or the Philippines.
It is way too risky to deposit such a large sum of money in a foreign country.
No thank u
Thank you YF! Most detailed and useful information I’ve seen so far 🫶🏻