The new version of the Malaysia Rumah Kedua Ku (MM2H) programme, which was reintroduced last year, has successfully generated a total income of RM839.9 million, reflecting foreign investors' confidence in Malaysia's long-term prospects.
Minister of Tourism, Arts and Culture, Datuk Seri Tiong King Sing, announced this in a Parliament session yesterday, stating that the amount included fixed deposit investments of RM597.5 million, property investments of RM237.2 million, and participation fees of RM5.2 million.
According to him, the figure reflects investors' confidence in the country's economic stability and Malaysia's potential as a preferred destination for second homes.
Apart from contributing to capital inflows, the programme has also had a positive impact on other sectors including education, healthcare and insurance services.
To strengthen competitiveness and attract more applicants, the government has introduced a new structure that includes three categories, namely Platinum, Gold and Silver, as well as a special category for applicants residing in Special Economic or Financial Zones.
Since the new policy was implemented in October 2024, a total of 3,019 applications have been received as of June 30. Of this total, 48 applications are in the Platinum category, 137 in Gold, 2,434 in Silver, while 400 are in the special zone category.
To date, a total of 1,294 applicants have received confirmation passes, consisting of 19 individuals in the Platinum category, 61 in Gold, 1,020 in Silver and 194 from the special zone category.
In ensuring more transparent and integrity-based program governance, all applications are now required to be made through licensed agents under the Tourism Industry Act 1992.
