KUALA LUMPUR: The Malaysia My Second Home (MM2H) programme has generated RM3.87bil for the nation’s economy as of the end of last year.
The Tourism, Arts and Culture Ministry said the achievement was unveiled during the MM2H Appreciation Night held on Friday, where 252 licensed MM2H operating companies and strategic partners from government agencies and the private sector were recognised for their contributions.
“Since the implementation of the revised policy in June 2024, the programme has recorded 14,535 applications, comprising 5,239 principals and 9,296 dependants.
“China remained the largest contributor with 7,600 applications, followed by Taiwan (2,419) and Hong Kong (604). Strong interest was also recorded from Singapore, the United States and the United Kingdom,” it said in a statement.
The ministry said the RM3.87bil economic contribution included participation fees, fixed deposits placed in local banking institutions, as well as property investments amounting to RM1.5bil to date.
“The property investment figure is expected to increase by another RM2.3bil, taking into account participants who are currently in the process of purchasing homes,” it added.
During the event, the ministry presented special awards to five operating companies for outstanding performance.
Among them, Ecoworks Solutions (MM2H) Sdn Bhd received the Gold Award for best overall performance.
“To further strengthen the programme’s implementation, we have digitalised the application process through an online system and launched a dedicated MM2H promotional website,” it said.
A memorandum of understanding was also signed with Bank of China, alongside plans to expand strategic collaborations with related sectors.
The ministry urged licensed operators that have yet to record any applications to be more aggressive and proactive in promoting the programme internationally.
“Cooperation between the ministry, the Immigration Department, the police, as well as the banking and property sectors, remains crucial in ensuring Malaysia retains its position as a safe and competitive “second home” destination globally,” it said.
