JOHOR BAHRU: The Johor State Government welcomes the Federal Government's announcement that it has agreed to amend some of the requirements of the Malaysia My Second Home (MM2H) programme.
Johor Menteri Besar Datuk Onn Hafiz said the implementation of friendlier policies would not only grow demand for real estate, but would also increase the value of investment and promote economic growth in Johor.
"A million of thanks also to the Federal Government for the flood aid channelled during the Northeast Monsoon (MTL) amounting to RM225mil for flood victims and a total of RM1.6bil for the Flood Mitigation Project (RTB) to reduce the impact of floods in the state.
"Hopefully the good relationship and joint efforts between the federal and state governments can have a positive impact on the quality of life of Bangsa Johor and prosper Johor to a higher level," he said in a message uploaded on his Facebook page on Friday (March 15).
On Thursday (March 14), Ahmad Zahid announced the government decided to amend some of the application conditions for Malaysia, My Second Home (MM2H) programme to attract more foreign participants to this country.
According to him, among the amended conditions was the amount of fixed deposit that was required, which had been changed into three categories, namely platinum, gold and silver.
In addition, he said the government in collaboration with the Immigration Department would simplify the application where the applicant would get approval after the forms (application) were filled in according to the conditions within three working days.
However, the properties purchased (by participants) could not be sold before reaching a maturity period of at least 10 years, besides the extension of visas for participants would be made every five years.
According to him, other facilities would also be given to the participants including from the aspect of education if they had children to study in the school of their choice in this country. - Bernama
