KOTA KINABALU: Sabah should have its own set of guidelines for the Malaysia My Second Home (MM2H) programme or risk losing millions in investments, says the Sabah Housing and Real Estate Developers Association (Shareda).
Its president Datuk Chua Soon Ping urged the state government to emulate the Sarawak model instead of the new terms set by the Federal Government which, among others, include a steep rise in monthly income and fixed deposits to be paid by interested foreigners.
He said Sarawak’s MM2H programme, Sarawak-MM2H (S-MM2H), had its own requirements as the revised criteria is seen as a factor that may drive foreign investors away.
He said it would be disappointing if Sabah did not take an active approach to MM2H as many foreigners viewed the state as a highly liveable place with clean air, beautiful natural surroundings and a lower cost of living.
“We have what it takes to attract quality foreign migrants,” Chua said in a statement.
