






{"id":25422,"date":"2021-10-08T06:30:12","date_gmt":"2021-10-07T23:30:12","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=25422"},"modified":"2021-10-07T14:00:22","modified_gmt":"2021-10-07T07:00:22","slug":"malaysian-government-releases-new-rules-for-housing-programme","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/malaysian-government-releases-new-rules-for-housing-programme\/","title":{"rendered":"Malaysian government releases new rules for housing programme"},"content":{"rendered":"<p><span data-contrast=\"auto\">The Malaysia My Second Home was rolled out again in August with 10 new requirements\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<figure id=\"attachment_25423\" aria-describedby=\"caption-attachment-25423\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"wp-image-25423 size-full\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/10\/shutterstock_635856284.jpg\" alt=\"\" width=\"1000\" height=\"563\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/10\/shutterstock_635856284.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/10\/shutterstock_635856284-400x225.jpg 400w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/10\/shutterstock_635856284-600x338.jpg 600w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/10\/shutterstock_635856284-768x432.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-25423\" class=\"wp-caption-text\">Some other new requirements include higher compulsory fixed deposits (FD) in local banks worth MYR1 million. reinaimaging\/Shutterstock<\/figcaption><\/figure>\n<p><span data-contrast=\"auto\">As reported on <a href=\"https:\/\/www.freemalaysiatoday.com\/category\/nation\/2021\/10\/05\/govt-relaxes-rules-for-existing-mm2h-holders\/?__cf_chl_jschl_tk__=pmd_5_Wtu9mXuinuvoFbM4ZVzjfV.26e7cYDBmEa7dphMeI-1633575749-0-gqNtZGzNApCjcnBszQtR\" target=\"_blank\" rel=\"noopener\">Free Malaysia Today<\/a>, the Malaysian government has relaxed the new rules for the Malaysia My Second Home (MM2H) programme, with two of the 10 new requirements only need to be fulfilled by enrolled candidates. <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Hamzah Zainudin, home minister,\u00a0said the only new conditions existing MM2H\u00a0programme\u00a0holders need to be tied to are the fee increase from MYR90 (USD21.53) to MYR500(USD119.59) a year, and the condition to stay in the country for at least 90 days each year.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cThe improvements are to ensure that only those who are of \u2018good quality\u2019 and who can really contribute to the nation\u2019s economy are allowed to join the\u00a0programme,\u201d he said.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">In July 2020, the programme was suspended but was then rolled out once again this August along with 10 new requirements.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Some other new requirements include higher compulsory fixed deposits (FD) in local banks worth MYR1 million\u00a0and offshore monthly income of MYR40,000.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/en\/malaysia-homeownership-slows-down-with-4-3-billion-yet-to-be-sold\/\" target=\"_blank\" rel=\"noopener\"><strong>More: Malaysia homeownership slows down with $4.3 billion yet to be sold<\/strong><\/a><\/p>\n<p><span data-contrast=\"auto\">Another condition is that applications have to have at least MYR1.5 million in liquid assets, from MYR300,000 and MYR500,000 previously.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Nevertheless, many call on the new MM2H conditions, saying it would dent the country\u2019s revenue and\u00a0intimidate\u00a0investors.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<div class=\"entry-content\">\n<div class=\"entry-content\">\n<div class=\"entry-content\">\n<div class=\"entry-content\">\n<div class=\"entry-content\">\n<div class=\"entry-content\">\n<div class=\"entry-content\">\n<div class=\"entry-content\">\n<p><em>The Property Report editors wrote this article. For more information, email:\u00a0<a href=\"mailto:propertyreport@propertyguru.com\" target=\"_blank\" rel=\"noopener\">propertyreport@propertyguru.com<\/a>.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Malaysia My Second Home was rolled out again in August with 10 new requirements\u00a0\u00a0<\/p>\n","protected":false},"author":12,"featured_media":25423,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[2382,125,1056,512],"class_list":["post-25422","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-housing-programme","tag-malaysia","tag-regulations","tag-residential","news_country-malaysia","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized 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