PETALING JAYA: Agents for Malaysia My Second Home have seen an increase in interest in the programme with the majority coming from China after the new guidelines were announced.
“With the requirement of RM40,000 offshore income removed, more can apply as they don’t have to fulfil the income requirement,” Lim said. “Elite Thailand requires at least 900,000 bhat for five years in fees, which are not refundable, whereas under MM2H foreigners have a fixed deposit and property ownership that they still fully own,” she said.
“It may be too early to determine how many will actually apply. We still need more details from the government for the application procedure and the approval duration,” she said. Checks by The Star on MM2H Facebook groups saw more discussions and interest in the programme after the announcement of the updated guidelines recently.