ISKANDAR PUTERI: The Federal government has been urged to review the new criteria for the Malaysia My Second Home (MM2H) programme.
Johor Mentri Besar Datuk Hasni Mohammad said that he had brought the matter up to the attention of Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz during the latter's two-day visit here.
He said the MM2H was an important programme for Johor, especially due to its close proximity with Singapore.
"MM2H programme is one of Johor's strengths. The new criteria announced by the Federal government for MM2H has greatly affected the state.
"The programme is among matters that I have discussed with the Finance Minister during his two-day working visit here.
"We hope that the Federal Government would not only review the programme, but also implement it soon, or come out with a decision soon," he said.
He said this to the press after handing over the keys to 46 houses to Kg Pendas Baru Phase 2 residents here on Sunday (Sept 19).
On Friday (Sept 17), Johor Ruler Sultan Ibrahim Ibni Almarhum Sultan Iskandar said that he would personally take up the matter of the new criteria for the MM2H programme with Prime Minister Datuk Seri Ismail Sabri.
It was announced on Aug 11 that MM2H would be reactivated with nine new conditions after the programme was suspended in August last year due to the global Covid-19 pandemic.
The revised terms and requirements of MM2H, which takes effect in October, included an increase in the minimum monthly income (derived from offshore sources) to RM40,000, a minimum fixed deposit of RM1mil, a minimum liquidity requirement of RM1.5mil, a yearly visa fee of RM500 and a reduction of the visa duration to five years.