Make MM2H more lenient to resolve property glut
Updated: Jul 10, 2019
STAR Report - The government should should make it easier for China residents to reside in Malaysia under the Malaysia My Second Home programme. This statement was made by TA Global Bhd's non-executive director Datin Alicia Tiah at a press conference at its AGM yesterday.
She went on to say that this group of buyers can help to resolve the property overhang situation that is still currently affecting the country.
"These are the people with money ready to spend. If the government would like to clear all these overhang stocks, they must not only look at local buyers but must also encourage foreigners to buy as well. One way to do this is to stop the restrictions in MM2H. I understand that we are more stringent on the MM2H applications for the mainland Chinese,” she said.
However her statement has been met with some disagreement on social media with many locals saying this method will make most properties unattainable to the average local citizen still struggling to purchase their first home. Read the full report at https://www.thestar.com.my/business/business-news/2019/06/26/lift-mm2h-restrictions-on-mainland-chinese-to-help-resolve-property-overhang/#QOtd0YyrCt8juT0Q.99
Foreigners can retire or reside in Malaysia under the Malaysia My Second Home programme! Find out more about the MM2H programme by registering your details with us here and we will send you an info pack!