Proposed ruling may affect growing MM2H interest in Perak

  • Community Premium
  • Friday, 01 Nov 2013

THE recent proposal announced by the Government to control foreign ownership of properties may cause potential Malaysia My Second Home (MM2H) participants to shy away from Perak.

Hibiscus New Lifestyle (MM2H) Sdn Bhd managing director Gloria Choong said many were a having second thought about settling down in Perak after Prime Minister Datuk Seri Najib Tun Razak announced the proposal to increase the floor price of property ownership by foreigners from RM500,000 to RM1mil.

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