Hi,
Can someone out there help me.
If i have a property in Johor Bahru value @ $250,000 ringgit and have a deposit of MYR60,000 in fixed deposit, am I eligible to apply for the Mysia my second home.
Where is the place that I can submit my application.

Thanks a lot.

Rgds

Lilian

What is this Malaysian My Second Home?? Something to do with loans or some sort?

Lilian Chia wrote:
Hi,
Can someone out there help me.
If i have a property in Johor Bahru value @ $250,000 ringgit and have a deposit of MYR60,000 in fixed deposit, am I eligible to apply for the Mysia my second home.
Where is the place that I can submit my application.

Thanks a lot.

Rgds

Lilian

From my knowledge, if you're below 50 years old, you'll need to put RM300k in a fixed deposit for 1 year. After the first year, you may withdraw RM150k for housing purchase. The balance RM150k will have to remain in the fixed deposit for the life of the MM2H visa, or until you decide to leave this scheme. For more information, go to http://www.mm2h.gov.my

@Venice:

MM2H is open to citizens of countries recognized by Malaysia, regardless of race, religion, gender or age. The programme allows applicants to bring with them their spouses, parents and children. Foreign spouses of Malaysians and expatriates who wish to retire in Malaysia after expiry of their Employment Passes are also eligible to apply to stay in Malaysia on this programme.
Applicants are allowed to bring their spouses, unmarried children below the age of 21 and parents above the age of 60 as dependants.
..So if you're not a Malaysian and your country is one being recognized by Malaysia, and is thinking of some hideaways , you might as well consider reading further through this at http://www.mm2h.gov.my/ as what has Winners All referred at earlier.

Very interesting!

Is this a Government Program initiatives for non-citizen of Malaysia? What are the countries being recognized by Malaysia?

This is just a quick question that i have in mind for now, i will try to check the website that you gave. However, you may still give more information as well for me understand this program.

Thank you very much!