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Discontinuation of The Reduction Of Fixed Deposit Placement Based On Property Purchase And MM2H Approval By Government Pension
Kindly be informed that MM2H Centre has discontinued the reduction of Fixed Deposit placement based on property purchase worth RM1 million and above in Malaysia. Also discontinued is the MM2H...
The benefits of MM2H programme for the country Print E-mail
Tuesday, 25 September 2007 01:12
THE average family under the Malaysia My Second Home (MM2H) programme brings in RM9,800 in foreign currency per month compared with the average tourist who only brings in about RM2,000 per visit to the country.


Borneo Vision (MM2H) Sdn Bhd managing director J. Andrew Davison, who is also publisher of The Expat magazine, said this during his talk on the MM2H programme at the Star Property and Home Fair 2007.

“We recently carried out research involving 100 families in Malaysia under the MM2H and found that the average family brought in about RM118,000 per year.

“And 83% of those under the programme own property with an average price of RM890,000. Some of these properties were purchased five years ago and the value would have gone up by now,” said Davison.

In view of the foreign exchange generated, he said the government should be taking more interest in marketing the MM2H at the international level as awareness about the programme was quite low in many countries.

Davison said the key attractions for most people under the MM2H were the cost of living, good quality of life, widespread use of English, and the warm weather.

To a question from the floor on rule and policy changes, Davison said the government would not inform its 130 registered MM2H agents each time changes were made, and this had caused confusion and brought about a negative image to the country and the agents.


HO comparing the NCER project with the IDR project at his talk.


“There are two to three minor changes every month and the agents are not notified about them but expected to constantly check for them.”

At another talk, Ho Chin Soon Research Sdn Bhd director Ho Chin Soon gave an overview of the Northern Corridor Economic Region (NCER), Iskandar Development Region (IDR) and Klang Valley.

Ho said NCER’s strengths included being the rice bowl of the nation although its weakness was its fragmentation of land holdings.

Source: theStar

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