Tag - malaysia my second home program

mm2h-application-put-on-hold

马来西亚政府重新審視第二家園計劃凍結申請至2020年底,现在有什么替代长期签证可以申请呢?

第二家園計劃 2020年最新消息: 马来西亚政府重新審視第二家園計劃凍結申請至2020年底,现在有什么替代长期签证可以申请呢? 请看完以下文章。

馬來西亞近年積極招攬海外人才,並推出移居政策「第二家園計劃」(MM2H)。

馬來西亞旅遊、藝術及文化部長舒克里(Datuk Seri Nancy Shukri)周四(2日)宣布,政府正重新審視及改善MM2H,已暫停所有申請,料持續至2020年12月。

舒克里表示,旅遊、藝術及文化部會審視MM2H,入境部門則會研究申請批准程序,目的是改善計劃,預計年底完成。她指,MM2H對國家經濟有貢獻,不會永久凍結申請,明年會恢復計劃。

MM2H全國顧問協會總會長林國獅透露,去年9月至11月有90%的申請被政府無理拒絕,又不准申請人上訴,250間成員企業對收到大量拒絕信感震驚。他指出,過往的拒絕率大約是10%,而且申請人可以上訴。

根據MM2H安排,年滿21歲或以上的外籍人士可申請10年可續期的居留簽證,取得簽證後仍可保留原有國籍。按申請人的年齡差別,所需資金亦有所不同,50歲以下人士需備有一筆50萬馬元(約95.2萬港元)流動資產證明;50歲以上人士則需備一筆35萬馬元(約66.6萬港元)流動資產證明。

新闻来源:马来西亚政府重新審視第二家園計劃凍結申請至2020年底

 

马来西亚第二家园(MM2H)替代签证常见问题解答:

由于暂时冻结了新的申请MM2H计划,有什么替代其他长期签证可以申请呢?

基本上您还有以下几个签证可以申请的。不过门框可能有点不同,您可以浏览以下链接以获取更多详细信息。

1)马来西亚专业工作签证

2)马来西亚居留准证 – 人才 (RP-T)

如果您要了解以上签证,请填写以下表格立即与我们联系,我们将联系并协助您申请长期签证。

Malaysia MM2H Alternate Program / 马来西亚第二家园(MM2H)替代签证

Malaysia MM2H Alternate Program Enquiry / 马来西亚第二家园(MM2H)替代签证查询表格
  • Please stated if you have established company in Malaysia.
    您是否已经在马来西亚成立公司了,如是请填写贵公司宝号。
    You can select more than one options
    您可以选择多项服务
    You can select more than one options
    您可以选择多项服务
  • Please write down the requirements, issue and problem (if any) you encountered and would like to seek professional opinions from us.
    请写下您遇到的状况和问题,并希望寻求我们的专业意见。
  • Tell us how do you found us and our website.
    请告诉我们您是如何找到我们的网站。
  • Please let us know the convenience time to contact you to discuss further. Time stated is in Malaysian Time (GMT +08 00). 请让我们知道与您进一步联系方便的马来西亚时间(GMT +08 00)。

加我的微信号
steven_qr_code

Malaysia-my-second-home-mm2h-program

Malaysia My Second Home (MM2H) Centre at Tourism Ministry Closed

The founder of a group catering to the expatriate community in the country said the Malaysia My Second Home (MM2H) centre in the tourism ministry has been closed “until further notice”, amid talk that 90% of applications for the programme have been rejected.

MM2H is a programme that allows foreigners to stay in Malaysia for a period of 10 years.

Last year, it was reported that the Malaysia My Second Home programme brought in RM40.6 billion in total revenue from the time it was introduced in 2002 until 2018.

Andrew Davison, the CEO of The Expat Group (TEG), said the closure appeared to stem from a “major disagreement between the immigration and tourism ministries about the programme itself”.

Currently, Davison said, no one was allowed to submit any application relating to MM2H visas.

“As regards MM2H visa holders stuck overseas, the MM2H centre has advised me that they will try and approve all the active cases by today,” he said in an email.

Davison said he assumed that approval would now be needed from the Immigration Department director-general.

He went on to say that this put the future of the programme in doubt, claiming that “some people in government” were opposed to it.

Davison said that up until recently, applications for renewal, transfer and new applications were processed by staff in the tourism ministry and later passed to the Immigration Department for stamps to be placed on their passports.

“Now, it is not clear what will happen as there is no place to submit the applications.”

He also said the Immigration Department might want to take over the programme which, in his opinion, would be a bad move.

Davison said a staggering 90% of applications had been rejected, adding that this was unprecedented. “My agency had two rejections which we are confident would have been approved in the past,” he said.

News sources: Malaysia My Second Home (MM2H) Centre at Tourism Ministry Closed

 

Related News:
MM2H Matters To Be Handled by Immigration HQ Department From July 6 2020

Malaysian Government Has Temporarily Frozen the New Application of MM2H Until Dec 2020

 

中文:

90%馬来西亚第二家园申请被拒,林国狮促政府解释供改进

马来西亚政府重新審視第二家園計劃凍結申請至2020年底,现在有什么替代长期签证可以申请呢?

曾受香港人關注馬来西亚「第二家園計劃」暫停,九成申請被拒。现在有什么替代长期签证可以申请呢?

 

MM2H Alternate Program FAQ:

Since the MM2H program temporarily frozen the new application, what alternative long-term visa can be applied for?

There are 2 visas that you can be apply. You can browse through the following links for more details.
1) Employment Pass / Professional Visa (DP10) / Professional Visit Pass Visa (PVP)

2) Malaysia Residence Permit-Talent (RP-T)

Malaysia MM2H Alternate Program / 马来西亚第二家园(MM2H)替代签证

Malaysia MM2H Alternate Program Enquiry / 马来西亚第二家园(MM2H)替代签证查询表格
  • Please stated if you have established company in Malaysia.
    您是否已经在马来西亚成立公司了,如是请填写贵公司宝号。
    You can select more than one options
    您可以选择多项服务
    You can select more than one options
    您可以选择多项服务
  • Please write down the requirements, issue and problem (if any) you encountered and would like to seek professional opinions from us.
    请写下您遇到的状况和问题,并希望寻求我们的专业意见。
  • Tell us how do you found us and our website.
    请告诉我们您是如何找到我们的网站。
  • Please let us know the convenience time to contact you to discuss further. Time stated is in Malaysian Time (GMT +08 00). 请让我们知道与您进一步联系方便的马来西亚时间(GMT +08 00)。

 

曾受香港人關注馬来西亚「第二家園計劃」暫停,九成申請被拒。现在有什么替代长期签证可以申请呢?

香港政治緊張,部分香港人有意到海外生活。馬來西亞物價低廉、與香港距離近、氣候相宜,申請移居的要求又不高,因而吸引不少香港人關注。但市民要留意,定居大馬的「第二家園計劃」已經暫停申請。现在有什么替代长期签证可以申请呢? 请看完以下文章。

第二家園全國顧問協會總會長林國獅披露,超過90%的申請被當局拒絕,這是14年以來,首次出現大量申請不獲批。第二家園計劃從2002年推出至今,以中國人申請居多,其次是日本、孟加拉、英國和韓國等,為大馬帶來400億令吉(760億港元)的收入。

这次马来西亚政府重新審視第二家園計劃凍結申請至2020年底。馬來西亞旅遊、藝術及文化部長南茜透露,第二家園(MM2H)新申請暫時被凍結,因為政府正對有關計劃程序重新進行審視。預計會在今年12月或更久完成,此次審視旨在改善第二家園計劃和批准程序。

她指出,第二家園計劃有助提升國家經濟,因此政府不會取消有關計劃,第二家園中心停止運作只是暫時性,並非是永久性關閉。該計劃應該會在明年恢復。她指出,大馬因封鎖邊境,導致旅遊業處於停滯階段,而要改進第二家園還有很多工作要做。

香港人要留意,計劃要求申請者最少要有50萬令吉(約90萬港元)的存款,申請時月薪也要高於1萬令吉(約1.8萬港元)。即使申請人成功獲批10年居住權,仍可保留原來國籍,但不代表可以成為馬來西亞公民,不會獲得馬來西亞國籍。

新闻来源:曾受香港人關注馬来西亚「第二家園計劃」暫停,九成申請被拒

 

马来西亚第二家园(MM2H)替代签证常见问题解答:

由于暂时冻结了新的申请MM2H计划,有什么替代其他长期签证可以申请呢?

基本上您还有以下几个签证可以申请的。不过门框可能有点不同,您可以浏览以下链接以获取更多详细信息。

1)马来西亚专业工作签证

2)马来西亚居留准证 – 人才 (RP-T)

如果您要了解以上签证,请填写以下表格立即与我们联系,我们将联系并协助您申请长期签证。

Malaysia MM2H Alternate Program / 马来西亚第二家园(MM2H)替代签证

Malaysia MM2H Alternate Program Enquiry / 马来西亚第二家园(MM2H)替代签证查询表格
  • Please stated if you have established company in Malaysia.
    您是否已经在马来西亚成立公司了,如是请填写贵公司宝号。
    You can select more than one options
    您可以选择多项服务
    You can select more than one options
    您可以选择多项服务
  • Please write down the requirements, issue and problem (if any) you encountered and would like to seek professional opinions from us.
    请写下您遇到的状况和问题,并希望寻求我们的专业意见。
  • Tell us how do you found us and our website.
    请告诉我们您是如何找到我们的网站。
  • Please let us know the convenience time to contact you to discuss further. Time stated is in Malaysian Time (GMT +08 00). 请让我们知道与您进一步联系方便的马来西亚时间(GMT +08 00)。

加我的微信号
steven_qr_code

malaysia-my-second-home-mm2h-program

Malaysian Government Has Temporarily Frozen the New Application of MM2H Until Dec 2020

The Malaysian Government has temporarily frozen the new application of Malaysia My Second Home program (MM2H) until December this year. The Malaysian Government will revise the program with the hopes of improving the process flow and simplify the procedures.

President of the Malaysian My Second Home Consultants Association (MM2HCA), Mr Lim Kok Sai say 90% of the MM2H applications they submitted between September and November 2019 were rejected without any reasons or justifications which is much higher than the previous 10 percent rejection rate and also the highest in the past 14 years.

“Our members were shocked when they suddenly received many rejection letters. There were no reasons attached for the rejections and they are not allowed to appeal the decisions. If the applications are rejected, the agents have to return the deposits to the applicants,” MM2HCA president Mr. Lim Kok Sai told the Star.

The scheme, which has brought 40 billion ringgit (HK$76 billion) in revenues for Malaysia, requires applicants to have a minimum deposit of 500,000 ringgit and a monthly income higher than 10,000 ringgit.

Mr. Lim Kok Sai says applications from Hong Kong are not expected to surge following the implementation of the new Hong Kong’s national security law.

Even if the applicant successfully obtains the 10-year residency, they will not acquire Malaysian nationality.

News sources: Malaysian Government Has Temporarily Frozen the New Application of MM2H Until Dec 2020

Related News:
MM2H Matters To Be Handled by Immigration HQ Department From July 6 2020

Malaysian Government Has Temporarily Frozen the New Application of MM2H Until Dec 2020

Malaysia My Second Home (MM2H) Centre at Tourism Ministry Closed

中文:

90%馬来西亚第二家园申请被拒,林国狮促政府解释供改进

马来西亚政府重新審視第二家園計劃凍結申請至2020年底,现在有什么替代长期签证可以申请呢?

曾受香港人關注馬来西亚「第二家園計劃」暫停,九成申請被拒。现在有什么替代长期签证可以申请呢?

MM2H Alternate Program FAQ:

Since the MM2H program temporarily frozen the new application, what alternative long-term visa can be applied for?

There are 2 visas that you can be apply. You can browse through the following links for more details.
1) Employment Pass / Professional Visa (DP10) / Professional Visit Pass Visa (PVP)

2) Malaysia Residence Permit-Talent (RP-T)

Malaysia MM2H Alternate Program / 马来西亚第二家园(MM2H)替代签证

Malaysia MM2H Alternate Program Enquiry / 马来西亚第二家园(MM2H)替代签证查询表格
  • Please stated if you have established company in Malaysia.
    您是否已经在马来西亚成立公司了,如是请填写贵公司宝号。
    You can select more than one options
    您可以选择多项服务
    You can select more than one options
    您可以选择多项服务
  • Please write down the requirements, issue and problem (if any) you encountered and would like to seek professional opinions from us.
    请写下您遇到的状况和问题,并希望寻求我们的专业意见。
  • Tell us how do you found us and our website.
    请告诉我们您是如何找到我们的网站。
  • Please let us know the convenience time to contact you to discuss further. Time stated is in Malaysian Time (GMT +08 00). 请让我们知道与您进一步联系方便的马来西亚时间(GMT +08 00)。

LIM-KOK-SAI_PRESIDENT_MM2HCA_2

90%馬来西亚第二家园申请被拒,林国狮促政府解释供改进

第二家園計劃 2020年最新消息:马来西亚自去年收紧第二家园计划,加上冠病疫情实行行管令,估计90%申请被拒绝,马来西亚我的第二家园全国顾问协会(MM2HCA)总会长林国狮促请政府给予合理的理由。

盼推迟提高申请门槛

林国狮也听说政府将会把申请门槛提高,包括调整定期存款及其他方面的条件。他促请政府暂时推迟有关修改,直到冠病疫情好转,人民生活恢复正常后才实行。

林国狮今日召开新闻发布会指出,大马旅游及文化部(MOTAC)于今年5月25日起,拒绝了约1000份(90%)的MM2H申请,并且没有解释拒绝的理由。

他说,“如果申请被拒绝,我们(第二家园顾问公司)必须将钱或预付款项退还给申请人。

“这次政府拒绝了大多数申请,让我们这些公司陷入严重的财务困境,可能导致员工失业及公司倒闭。”

“政府如果可以解释拒绝申请的理由,让我们知道哪里出现问题,让我们可以去改进再重新申请。”

国家料损失逾7亿

他指这次拒绝90%的申请,估计将使我国损失7.76亿令吉,严重影响第二家园计划及其他相关行业。

他说,“根据我们2018年的数据统计,当时批准了5610个申请,并至少把44.4亿令吉带入国内。”

“很多外国人因为我国的教育、医疗、及气候因素,申请第二家园计划。但不代表他们将永久移民到我国,还有部分人士是自己国家天气太冷,每年3个月来到我国避寒,而申请这项计划。”

港国安法生效, 申请MM2H港人不会激增

另外,林国狮对本报说,香港国安法生效后,申请马来西亚第二家园计划MM2H)的香港人不会突然激增。

他说:“香港申请者向来都是占前五名,从2017年起便不断增加,可能与当地仲介大力介绍有关,但香港申请者只是占很小的比率。”

根据数据,2017年全年,有6195名来自世界各国与地区的居民提出申请MM2H,来自香港的申请则有339人。

港人移民地选择多

林国狮说,申请MM2H的港人不多,可能港人可以移民定居的国家与地区选择繁多。

“我们推测,虽然落实了国安法,香港人的申请不会突然增加,毕竟有能力的、符合MM2H申请条件者,大多都已经提出了申请,年轻人不符合条件。”

旅游部MM2H中心关闭整合

此外,林国狮指出,原本处于旅游部的MM2H中心已暂时性关闭,并搬迁至布城移民局总部,只是为了整合资源和简化申请程序。

移民局总监拿督凯鲁今日发表文告说,从7月6日起到,所有和MM2H相关事务的手续,将在布城移民局总部办理,但依然得向旅游部提出MM2H入境申请。

新闻来源:90%馬来西亚第二家园申请被拒,林国狮促政府解释供改进

 

马来西亚第二家园(MM2H)替代签证常见问题解答:

由于暂时冻结了新的申请MM2H计划,有什么替代其他长期签证可以申请呢?

基本上您还有以下几个签证可以申请的。不过门框可能有点不同,您可以浏览以下链接以获取更多详细信息。

1)马来西亚专业工作签证

2)马来西亚居留准证 – 人才 (RP-T)

如果您要了解以上签证,请填写以下表格立即与我们联系,我们将联系并协助您申请长期签证。

Malaysia MM2H Alternate Program / 马来西亚第二家园(MM2H)替代签证

Malaysia MM2H Alternate Program Enquiry / 马来西亚第二家园(MM2H)替代签证查询表格
  • Please stated if you have established company in Malaysia.
    您是否已经在马来西亚成立公司了,如是请填写贵公司宝号。
    You can select more than one options
    您可以选择多项服务
    You can select more than one options
    您可以选择多项服务
  • Please write down the requirements, issue and problem (if any) you encountered and would like to seek professional opinions from us.
    请写下您遇到的状况和问题,并希望寻求我们的专业意见。
  • Tell us how do you found us and our website.
    请告诉我们您是如何找到我们的网站。
  • Please let us know the convenience time to contact you to discuss further. Time stated is in Malaysian Time (GMT +08 00). 请让我们知道与您进一步联系方便的马来西亚时间(GMT +08 00)。

加我的微信号
steven_qr_code

immigration-dg-datuk-khairul-dzaimee-daud

MM2H Matters To Be Handled by Immigration HQ Department From July 6 2020

All immigration matters pertaining to the Malaysia My Second Home (MM2H) programme will be handled by the Immigration Department headquarters here starting July 6.

This was announced by Immigration director-general Datuk Khairul Dzaimee Daud amid reports that the MM2H office in the Tourism, Arts and Culture Ministry (Motac) had been closed and moved to the Immigration Department.

“All immigration matters related to the Malaysia My Second Home programme will be handled at the Immigration Department headquarters in Putrajaya, beginning July 6.

“Only applications to enter Malaysia will still go through Motac.

“All MM2H matters at the Immigration headquarters will fully utilise e-payment (credit/debit cards) transactions, ” said Khairul Dzaimee in a statement.

He also said appointments should be arranged online first at http://sto.imi.gov.my.

“For more information, the public can visit our official website and Facebook page, or call 03-8880 1555 for enquiries, ” he said.

Launched in 2002, the MM2H programme under Motac was aimed at attracting foreigners to invest and migrate to Malaysia.

Since its inception, the government has given approvals to some 48,000 foreigners to reside here under the programme.

MM2H participants enjoy the privilege of a Social Visit Pass, multiple entries over 10 years and renewable visa.

During the movement control order (MCO) lockdown period, many MM2H visa holders were stranded abroad as Malaysia banned entry by foreigners due to the Covid-19 pandemic.

However, MM2H visa holders were allowed to return on May 17, after the government began easing restrictions under the conditional MCO phase.

News Source: MM2H Matters To Be Handled by Immigration HQ Department From July 6 2020

Related News:
Malaysian Government Has Temporarily Frozen the New Application of MM2H Until Dec 2020

Malaysia My Second Home (MM2H) Centre at Tourism Ministry Closed

中文:

90%馬来西亚第二家园申请被拒,林国狮促政府解释供改进

马来西亚政府重新審視第二家園計劃凍結申請至2020年底,现在有什么替代长期签证可以申请呢?

曾受香港人關注馬来西亚「第二家園計劃」暫停,九成申請被拒。现在有什么替代长期签证可以申请呢?

MM2H Alternate Program FAQ:

Since the MM2H program temporarily frozen the new application, what alternative long-term visa can be applied for?

There are 2 visas that you can be apply. You can browse through the following links for more details.
1) Employment Pass / Professional Visa (DP10) / Professional Visit Pass Visa (PVP)

2) Malaysia Residence Permit-Talent (RP-T)

Malaysia MM2H Alternate Program / 马来西亚第二家园(MM2H)替代签证

Malaysia MM2H Alternate Program Enquiry / 马来西亚第二家园(MM2H)替代签证查询表格
  • Please stated if you have established company in Malaysia.
    您是否已经在马来西亚成立公司了,如是请填写贵公司宝号。
    You can select more than one options
    您可以选择多项服务
    You can select more than one options
    您可以选择多项服务
  • Please write down the requirements, issue and problem (if any) you encountered and would like to seek professional opinions from us.
    请写下您遇到的状况和问题,并希望寻求我们的专业意见。
  • Tell us how do you found us and our website.
    请告诉我们您是如何找到我们的网站。
  • Please let us know the convenience time to contact you to discuss further. Time stated is in Malaysian Time (GMT +08 00). 请让我们知道与您进一步联系方便的马来西亚时间(GMT +08 00)。

逾期逗留在马来西亚(超过批准的期限)

我们为您提供马来西亚移民局事务服务,马来西亚第二家园(MM2H),马来西亚公司注册,马来西亚商业注册提供咨询。欲知更多详情请与我们联系。

您需要很小心注意在马来西亚批准逗留的时间。马来西亚移民对逗留的期限非常严格。您可以自行查阅护照以获知批准的停留期限。

在马来西亚逗留过久会违反《1959/63移民法》第15(1)(c)条,该法的第15(4)条。

需求清单

与马来西亚入境事务处办理手续时,请携同下列文件正本及副本:

  1. 护照/旅行证件(所有页均完整无缺);
  2. 警方报告(如遗失护照);

iii. 任何逾期逗留的证据;

  1. 飞机/巴士/渡轮车票(7-14天内出发)

 

对雇主的额外规定

  1. 雇主须与雇员一同出席;
  2. 申请书(公司);

iii. 公司营业执照/注册;

  1. 身份证(Mycard / 等);
  2. BPA / VPP / BPP / MIDA的备忘录参考(如适用)

 

注意:

BPA-马来西亚入境事务处外籍劳工组

BPP-马来西亚入境事务处就业通行证科

VPP-马来西亚入境事务处签证、通行证及许可证科

MIDA-马来西亚工业发展局

犯罪

《1959/63移民法》第15 (1)(c)条(第155号法案)。

在签证/许可证过期或被吊销后居住在马来西亚。

处罚

《1959/63移民法》第15(4)条(第155条)规定不少于10,000令吉或监禁不超过5年或两者皆施。

罚款

罚款是对该罪行的另一种惩罚。根据《1959/63移民法》第54条(第155条)所赋予的权力,根据《2003年移民法条例》(复合罪行)作出。

来源:马来西亚移民局

我们为您提供马来西亚移民局事务服务,马来西亚我的第二家园(MM2H),马来西亚公司注册,马来西亚商业注册提供咨询。欲知更多详情请与我们联系。

注:以上资料为中文翻译本,或将出现误差或错误,详情请参考以下英文版。

English: Overstaying In Malaysia (Staying Beyond The Approved Period)

malaysia_my_second_home_programme

Foreign Ownership of Malaysia Property Allowed

The Prime Minister’s Office has clarified that foreigners are allowed to own property in Malaysia, provided that certain conditions are met.

“On property purchased by foreigners, irrespective of nationality, Malaysia imposes certain conditions and information on these existing conditions are publicly available,” said the PMO in a statement on Tuesday (Aug 28).

The PMO added that foreigners can choose to make Malaysia their permanent residence under the Malaysia My Second Home (MM2H).

“Conditions are clearly spelt out for those interested and information on this programme is also publicly available,” it said.

Here is the statement in full:
malaysia_mm2h_johor_forest_city_propertyMalaysia welcomes all tourists including from China and there are no restrictions imposed on foreign tourists for so long as they meet all the necessary immigration requirements imposed by the Malaysian authorities.

In the case of China, tourists are given a single-entry 30-day visa to the country.

In 2017, Malaysia attracted some 2.3 million Chinese tourists and is looking to attract up to 10 million in the coming years.

On property purchased by foreigners, irrespective of nationality, Malaysia imposes certain conditions and information on these existing conditions are publicly available.

Purchase of properties, however, does not guarantee automatic residency in the country.

For foreigners wishing to make Malaysia their permanent residence, there is a government programme called Malaysia My Second Home (MM2H).

Conditions are clearly spelt out for those interested and information on this programme is also publicly available.

In welcoming foreign investments to Malaysia, the Government reiterates that it welcomes foreign direct investment that contributes to the transfer of technology, provides employment for locals and the setting up of industries.

PRIME MINISTER’S OFFICE
PUTRAJAYA

More News about DP10 Work Permit: 中国人如何申办马来西亚工作签证

MM2H News source: The Star

malaysia_mm2h_johor_forest_city_property

Setback for China Foreign Property Buyers in Malaysia

Property consultants are petrified by Prime Minister Tun Dr Mahathir Mohamad’s statement that foreigners will not be allowed to buy residential units in Forest City, one of four islands being reclaimed by Chinese developer Country Garden Holdings Co in a multi-billion venture.

Three of them said such a move would have wide-ranging negative implications for Johor and the larger property sector and how foreign companies viewed Malaysia.

Dr Mahathir said yesterday that Malaysia would not allow foreigners to buy residential units in the US$100bil (RM410bil) Forest City project in Johor.

“One thing is certain, that city that is going to be built cannot be sold to foreigners.

His comment whipped up a wave of responses from property experts and economists, warning that the new policy would have serious ramifications.

“What will happen to the value of the condos in Forest City? Who would want to rent and who can now afford to buy them off me if foreigners cannot? The majority of the current owners of Forest City are mainland Chinese and to a small extent Singaporeans. They will be bitterly disappointed,” said an industry source from Singapore.

“The group’s project at Country Garden Danga Bay will also be affected. It now faces a more daunting task of selling the balance units at Danga Bay of about 2,000 units. So, will other key Chinese developers like R&F Princess Cove and Greenland Group in Iskandar be affected?” he said.

VPC Alliance Malaysia managing director James Wong said there may be legal suits against the government and Forest City would come to a standstill. That may force Country Garden to scale down because it has invested a lot in the country with its industrial building systems factory and an international school, among other investments.

“It will impact Country Garden and Malaysia’s property sector negatively,” Wong said.

Although a lot of leeway was given to Country Garden, this is a backlash by the Malaysian government against a private sector foreign company and would send a negative message to other countries.

“Foreign buyers and other foreign companies will shy away,” Wong said.

KGV Property Consultants executive director Samuel Tan said up to a third of the first island of about 1,477 acres had been reclaimed. High-rise residential units, an international school and a hotel have already been built.

“Forest City will come to a halt with such a policy. The other developers, both local and foreign, will be fearful because many of them are essentially building for foreigners,” Tan said.

He said the SP Setia group, Eco World Development Group Bhd, and Eastern & Oriental Bhd were essentially targeting foreigners. “Singaporeans are foreigners,” he said.

Bruce Lee, an international property consultant specialising in Iskandar Malaysia from VPC Alliance Johor Baru is sanguine about the fiasco.

“Once again, two issues are important to Malaysia, namely, foreigners buying property here and Malaysia My Second Home (MM2H) are being confused. These are two separate issues. If you buy a property here, it does not mean you will automatically get a MM2H visa, or a visa to live here.

“Secondly, foreigners are allowed to buy properties within a certain pricing threshold. In Johor, any foreigner can buy properties priced RM1mil and above, landed or high-rise.

“This country is run by the rule of law, and the previous laws and regulations cannot be repudiated,” Lee said.

Country Garden Pacificview Sdn Bhd, in a statement, said like all property development projects in Malaysia, Forest City had complied with all laws and regulations with the necessary approvals to sell to foreign purchases.

Under the national land code, a foreigner or a foreign company may buy land in Malaysia subject to the prior approval of the state authorities.

“We do not issue any permanent residency or PR to foreign buyers of Forest City,” the statement said.

Socio-Economic Research Centre executive director Lee Heng Guie, when contacted, said more clarity was needed on the move.

“The announcement is lacking details – if this is to tackle high property prices, there are already measures in place for this.

“More clarity is needed to prevent negative sentiment among foreign investors.

“We also do not want to create an impression that we are targeting Chinese investors,” he said.

He added that the reaction to the announcement needed to be monitored if there was a spillover effect into other areas of investment.

He also questioned the move in relation to the MM2H programme, and questioned whether the move contradicted the programme.

According to a Bloomberg report, Chinese nationals were the largest group of participants in the programme, which allows foreigners to live in Malaysia on a long-stay visa.

It said Chinese citizens accounted for almost 30% of successful applicants since the programme was launched in 2002.

AmBank Group chief economist Anthony Dass said while there may be an impact on Chinese investment into Malaysia initially, he expected this to stabilise after a short period.

He saw it as a positive move overall, as it would benefit Malaysians in the long term.

“Foreign investors, particularly Chinese investors, may not be happy with the move, but they will ultimately have to respect the decision that has been made.

“I believe this move sends the message that Malaysia wants a level playing field for Malaysians, and not lopsided deals or properties that only foreigners can afford,” he told StarBiz.

He did not expect tourism from China to be affected, and investors interested in other Malaysian projects were unlikely to go elsewhere due to the decision on Forest City.

“In the short-term, there may be a negative ripple effect, but I don’t expect it to be significant,” he said.

On the impact on the property, Dass said it is likely that the developers would have to redesign the Forest City project, and drop prices to cater to Malaysian buyers.

“We expect a knock-on effect on prices of the property. Prices are likely to drop, and the developers may have to redesign the remaining part of the project.

“Overall, we see this as a positive move,” he said.

More News updates: Foreign Ownership In Malaysia Allowed

中国人如何申办马来西亚工作签证
MM2H News Source: The Star

 

Penang Named Second Best Place To Retire In World: Conde Nast

Penang has emerged as the second best place in the world for retirement, according to New York-based travel magazine Conde Nast Traveller, which highlighted its great food, historic architecture, international-standard healthcare, sunny beaches and it’s MM2H program.

penang-comtar

World-class medical services at affordable prices and a beautiful island setting are attracting foreigners to retire in Penang.

The Malaysian state also has a large English-speaking community of expats due to the government’s policies, which does not alienate foreigners, said a spokesperson for Alter Domus, a local agency specialising in immigration matters.

In 2002, the authorities introduced the Malaysia My Second Home (MM2H) scheme, which makes it easy for foreigners to apply for a 10-year visa. There are currently around 29,000 foreigners on the scheme, most of them Chinese nationals.

“Foreigners who are keen to apply for the programme must show that they are financially capable of supporting themselves,” said Averie Seed, Sales and Marketing Manager at real estate firm Zeon Properties.

The basic requirements include a monthly income, liquid assets and a fixed deposit, among other requirements, she noted.

Said Alter Domus’ spokesperson: “The MM2H visa is unrestrictive and you can buy properties under your own name. You don’t need to buy or rent properties in order to get the visa.” Interested applicants can apply for this visa through the MM2H portal.

Spend less, live more

The island’s general cost of living is also much lower than other Asian cities, such as Singapore. According to Seed, you would need to make around S$8,000 a month in Singapore to maintain the same standard of living that you can have with RM8,000 (S$2,700) in Penang, assuming you rent in both cities.

However, there are foreign ownership restrictions on Penang property, which aim to protect the interests of local home buyers. For instance, foreigners can only buy non-landed property worth more than RM1 million (S$335,000), and landed property worth more than RM2 million (S$670,000).

Such prices are still lower than in Singapore. In fact, high-end properties in the city-state range from about S$2,500 psf to S$3,500 psf, while similar properties in Penang cost about RM1,200 psf to RM1,800 psf (S$480 psf to S$720 psf), said Seed.

This slideshow requires JavaScript.

Cheaper treatment

Healthcare costs in Penang are also roughly 30 percent cheaper than in Singapore, factoring in the current exchange rate. “Generally, specialist consultations cost between RM60 to RM100 (S$20 to S$34), while a bypass ranges from approximately RM50,000 to RM70,000 (S$17,000 to S$23,000),” said Alter Domus’ spokesperson.

And since 2010, Singaporeans and permanent residents residing in Singapore can use their Medisave to pay for hospitalisation and day surgeries at Medisave-accredited hospitals in Malaysia, such as the Parkway Pantai Hospital in Penang, making it even more affordable for patients from Singapore.

Aussie in Penang

Australian travel blogger Sharon Gourlay visited Malaysia last year with her family and spent some time in Penang. The 37-year-old from Melbourne told PropertyGuru that they loved the experience and found the locals friendly and helpful.

“We found it to be a very easy and simple place to live. Within a week of arriving, we had a car, a home, a preschool for the kids and a nice routine,” said Gourlay. “The thing that stood out the most was the food. It is so good and we still talk about it often.”

She also found the cost of living in Penang to be much lower than in Melbourne. “Our monthly budget (in Penang) was AU$3,500 (S$3,600) for our family of four, which covered a big house, car hire, eating out all the time and whatever we wanted to do. In Melbourne, we spend more than this just on our rent. It is crazy!”

News source: PropertyGuru

中文: 全球10大最佳退休住所 檳城名列第二

Are you interest to find out how to apply for Malaysia My Second Home Programme (MM2H)? Simply fill up the enquiry form below to get in touch with us to find out more.  We are an established MM2H agency located in Kuala Lumpur and can help you to apply and obtain 10 years visa stay* in Malaysia. We will contact you shortly.

Malaysia My Second Home (MM2H) Programme / 马来西亚我的第二家园(MM2H)计划

Malaysia My Second Home (MM2H) Programme Enquiry Form 马来西亚我的第二家园(MM2H)计划查询表格
  • Please stated if you have established company in Malaysia.
    您是否已经在马来西亚成立公司了,如是请填写贵公司宝号。
    You can select more than one options
    您可以选择多项服务
  • Please write down the requirements, issue and problem (if any) you encountered and would like to seek professional opinions from us.
    请写下您遇到的状况和问题,并希望寻求我们的专业意见。
  • Tell us how do you found us and our website.
    请告诉我们您是如何找到我们的网站。
  • Please let us know the convenience time to contact you to discuss further. Time stated is in Malaysian Time (GMT +08 00). 请让我们知道与您进一步联系方便的马来西亚时间(GMT +08 00)。

*Terms and conditions applied