MM2H brought in almost RM1bil last year, says Home Minister

KUALA LUMPUR: The Malaysia My Second Home (MM2H) has garnered almost RM1bil of net income in the past year alone, despite the imposition of tighter conditions on applicants, says Home Minister Datuk Seri Saifuddin Nasution Ismail.

Saifuddin told Dewan Rakyat that from 2015 to 2019, or prior to the Covid-19 pandemic, there were a total of 3,900 applicants, resulting in an injection of RM958mil of funds into the banking system.