PETALING JAYA: The Malaysia My Second Home (MM2H) programme generated RM8.85bil in economic value between Oct 1, 2024, and Aug 31 this year, driven by more than RM5bil in property purchases and RM3.82bil in fixed deposits.
Deputy Tourism, Arts and Culture Minister Chiew Choon Man said the figures demonstrated the programme’s significant contribution to Malaysia’s economy while strengthening the country’s position as a global residential destination.
He said MM2H also attracted 7,650 new applications across its Platinum, Gold, Silver and Special Economic Zone categories during the same period.
“This reflects the international market’s strong confidence in Malaysia’s stability, governance and long-term economic prospects,” he said in a statement.
Chiew said the programme showed strong potential to expand Malaysia’s foreign direct investment, with billions of ringgit flowing in over a relatively short period benefiting various economic sectors.
He said the Tourism, Arts and Culture Ministry remains committed to improving MM2H while ensuring it continues to deliver tangible economic benefits.
Chiew said the ministry is also stepping up engagement with industry players to address concerns and improve the programme.
He said this was evident during an engagement session with key MM2H industry players and stakeholders from sectors including MM2H consultancy, real estate, education, healthcare and banking, held in conjunction with the 14th MM2H National Workshop 2026 organised by the Malaysia My Second Home Consultants Association.
“The ministry actively engages with industry players to hear their first-hand feedback and concerns.
“Every concern is taken note of, and the ministry works closely together with other ministries and agencies for practical solutions,” he said.
Chiew said efforts were also under way to broaden MM2H’s reach in key overseas markets, particularly Hong Kong, Japan and South Korea.
The MM2H One Stop Centre would organise overseas sales missions to these strategic regions as part of efforts to attract more applicants and investment, he added.
China remained the programme’s largest source of applicants, with 3,847 applications, followed by Taiwan with 1,054, Hong Kong with 324, Singapore with 287 and the United States with 284.
Chiew said the diversity of applicant markets reflected MM2H’s international appeal and its potential to attract further investment into Malaysia.
“Moving forward, the ministry will continue engaging with all industry players through cross-industry and cross-agency meetings and gatherings,” he said.
He added that closely monitoring industry standards remains important to maintaining MM2H as a trusted and reputable programme on the global stage.
