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Malaysia’s Revamped MM2H Attracts 1,300 Approvals and US$200 Million in Under a Year

Following its 2024 overhaul, MM2H posted an 84% boost in inflows, including RM237 million in property and RM597 million in deposits.

Moustafa Daly
Cairo

Following its 2024 overhaul, MM2H posted an 84% boost in inflows, including RM237 million in property and RM597 million in deposits.

The Malaysia My Second Home (MM2H) program, which the government revamped in June 2024, has recorded RM840 million (US$196 million) in inflows as of June 2025, according to Tourism Minister Datuk Seri Tiong King Sing.

This includes RM597.5 million (US$140 million) in fixed deposits, RM237 million (US$55.5 million) in property investments, and RM5.2 million (US$1.2 million) in participation fees.

The program generated RM384 million (US$90 million) in investments between December 2024 and June 2025. This represents an 84% boost since December 2024. The fixed deposit component grew from RM455.8 million (US$107 million) in December 2024 to RM597.5 million (US$140 million) by June 2025.

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Between October 2024 and June 2025, the program received 3,019 applications, split into 48 for Platinum, 137 for Gold, 2,434 for Silver, and 400 for the Special Economic and Financial Zone (SEZ/SFZ) category.

Among these, authorities approved 1,294 applications, bringing the total number of MM2H approvals since its 2002 inception to 59,762.

The MM2H Comeback

The figures suggest that the program’s revamp has been a success. The previous version had seen a sharp drop in interest after changes in 2021. Between 2021 and 2023, MM2H approved only 1,900 applicants, compared to nearly 1,300 in just one year since the latest revamp.

Hannah Ma, Group Head of Global Business Development at Globevisa Group, said that the 2024 reforms, which included removing income proof requirements and lowering fixed deposit thresholds, have made MM2H far more accessible.

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She noted that the minimum fixed deposit for the Economic and Financial Special Zone category is now RM600,000, compared to RM1 million under the old rules. She explained that this adjustment in particular has been popular, attracting many “new and returning applicants.”

The program’s new structure features tiered categories: Platinum, Gold, and Silver. Applicants must now purchase property valued at a minimum of:

  • RM600,000 (US$140,000) for Silver,
  • RM1 million (US$234,000) for Gold, and
  • RM2 million (US$467,000) for Platinum.

Broader Economic Impact

The tourism minister said the program’s positive economic impact has been evident in sectors other than real estate, such as healthcare, education, and insurance. He did not provide a detailed breakdown as to how, but it appears he’s referring to MM2H participants enrolling in private schools, accessing private healthcare services, and purchasing local insurance policies.

Ma pointed out that MM2H is one of “the most flexible residency” programs in Southeast Asia, as it has a straightforward application process and requires no donation or business investment.

Applicants’ ability to include three generations under one visa, she added, offers a unique value proposition, lauding the program for easing requirements “while many other Asian countries are tightening theirs,” making MM2H highly accessible compared to peer programs.

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