Changes unlikely to have significant impact

As such, the potential disposal of properties for some of those who are not able to extend their stay in Malaysia under the new ruling may not exert a significant downward pressure on property prices as the market was already sluggish over the past six to seven years. (File pic shows a MM2H office)

KUALA LUMPUR: While there are conflicting views over the new criteria imposed on the Malaysia My Second Home (MM2H) programme, these changes may not have a significant impact on the property market.

These changes – effective in October – are not expected to have any positive drivers for the property market, but RHB Research opined that the negative impact would also be limited.