KUALA LUMPUR: The reactivation of the Malaysia My Second Home (MM2H) programme is considered timely to spur the local economy, especially the real estate, health services, education and domestic tourism sectors that have been hard-hit by the pandemic. Zerin Properties chief executive officer Previn Singhe said “it was about time” that the MM2H programme was reactivated. However, Previn felt that the new conditions that have been added to the programme may just deter potential applicants. The MM2H programme has been reactivated with new conditions by the government to attract applicants who can contribute to the country’s economy, such as high-income earners. Between 2002 and 2019, the MM2H programme generated a cumulative income of RM11.89bil through fee and visa charges, purchase of properties and vehicles, fixed deposits, and monthly household expenditures.
