UK property exhibitions accounted for more than half of the city’s total in the last two weeks of July, writes Eli McGeever.
When the MM2H relaunches in December, it will likely have a higher price tag. In the meantime, hundreds of agents will struggle to survive.
The government says it aims to relaunch by December, adding “it’s not a permanent closure because the program contributes to our economy.”
Investors filed 7,904 applications for the Malaysia My Second Home (MM2H) program in 2019. But minimum property prices for foreigners represent a quandary.
In July and August last year, 47 Malaysian property exhibitions took place in Hong Kong. During the same two months this year, that number had risen to 93.
Extremely conservative estimates would place the number of program participants at more than 100,000. The actual figure is likely in the 130-150,000 range.
Program authorities are also making great strides in dealing with their extensive backlog of unprocessed applications.
Malaysia’s MM2H residence program, which has approved more than 40,000 participants in its 16-year history, is back from suspension with tighter security, new requirements, and with a review of the financial requirements in the cards.
The Malaysian government has temporarily frozen the extremely popular Malaysia My Second Home (MM2H) residence by investment program, according to
If you think the United States EB-5 scheme is the world’s most popular residence by investment program, you’re not alone.
