Malaysia My Second Home (MM2H) - I Smell A Lobang!
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27 күн бұрынMalaysia My Second Home (MM2H) - I Smell A Lobang!
Malaysia My Second Home or commonly known as MM2H. Most recently, the Malaysian government has made some significant changes to it.
After studying the MM2H schemes. I found opportunities in this scheme and I think it is way better off than the previous one. Watch on as I will reveal to you the attractiveness of this scheme from a Singaporean perspective.
Alan Wee
CEA Reg No. R024730A
wa.me/+6592973150
www.AlanWeeProperty.com
/ @alanweeproperty
AlanWeeProperty
To find out more: wa.me/+6592973150
References:
www.straitstimes.com/asia/se-...
www.freemalaysiatoday.com/cat...
www.imi.gov.my/index.php/en/m...
www.penangmyhome.com/mm2h-rel...
www.investopedia.com/terms/l/...
www.iproperty.com.my/new-prop...
www.iproperty.com.my/new-prop...
napic2.jpph.gov.my/ms/visuali...
Disclaimer: The above information and content used in this video is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy or reliability with respect to the information, products, services, or related graphics for any purposes. Any reliance you place on such information is therefore strictly at your own risk. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage whatsoever in connection with the use of this video. Please seek professional advice for any of your housing needs. All the above are our personal opinions and does not represent any company, government agencies or whoever is related.
@ocswoodlands 24 күн бұрын
MM2H = MUPS Malaysia Unsold Property Scheme 😂
@onetrubrit6151 22 күн бұрын
Hi Alan. Thank you for such interesting posts. The changes affect our choices and the one thing that has made a massive difference to making the MM2H an option for us are the golden handcuffs in the form that we would HAVE TO keep the property for 10 years ! Totally unacceptable and the only reason that we will not apply. Which is a massive disappointment for us. Hoping that this will change in the near future. Thank you for a great channel.
@alanweeproperty 22 күн бұрын
Indeed true for the 10 years lockdown. Should be 5 years I feel. But if u have plans to retire in a country n willing to foot Rm600k for a piece of certainty with a 5 years visa. I think still doable.
@tangpengseng 24 күн бұрын
Renting makes more sense. Why do we need Malaysia visa as next door Singaporeans? Just do passport run if long stay is preferred. Less risk. Less cost. More flexibility to enjoy different space. And get rid of unnecessary material possession. Do not get unguarded property in Malaysia. Squatter problem.
@FT-od4xv 24 күн бұрын
I agree, would be better to rent rather than get a property with exit issue, when old already got time to wait for buyer?
@alanweeproperty 24 күн бұрын
Agreed. But I think this scheme is for those that want to settle down there in the long term...some may have mobility issues. Say if u stay in Penang. Every few months come back chop passport also sian. Got house stay ok. What if rented out? Then how.
@atlantis98765 23 күн бұрын
Passport run? Meaning stay at msia for 30 days allowed under visa-free privilege from sg passport then return to sg for one or few days, and repeat cycle, correct?
@alanweeproperty 23 күн бұрын
@@atlantis98765 yes. If u stay JB ok...but assume u seniors. Cross custom is a challenge unless u drive.
@atlantis98765 23 күн бұрын
@@alanweeproperty Thanks for the confirmation. But if the msia customs officer notices us doing the passport run very often, will we get into trouble? The purpose of mm2h is they don't wish foreigners to do passport run and just rent property instead of buying, correct?
@xiaomashitu 17 күн бұрын
Time Will Prove For Those Who Dare Invest Malaysia Now 🎉 Thanks for those who choose to believe n invest in Malaysia 🏡
@alanweeproperty 17 күн бұрын
Invest like a local. Should be pretty safe...
@ipanmei3380 11 күн бұрын
😂 all those people who invested from decades before still waiting for the proof.
@thomassaw 19 күн бұрын
Let's revisit this topic in 5-year's time and see if the policies are still valid.
@alanweeproperty 19 күн бұрын
Yes. 5 yrs mop is good enough. 10 is too long. At least allow ppl to upgrade twice within that 10 years.
@IsmailHamadFCCA 5 күн бұрын
I got my MM2H back in 2016. Is there any requirement that I should now comply with? Specifically the 90 days minimum stay?
@alanweeproperty 5 күн бұрын
I not sure. Pl check with the agent.
@steventay5834 25 күн бұрын
Don't buy for investment. Make sure u have activities during retirement in JB
@alanweeproperty 24 күн бұрын
Ya. Hard to rent out..maybe Airbnb in major cities.
@520chris 24 күн бұрын
Im more concerned about their depreciating currency. Ppty i treat as rental But FD when changed back will be lesser.
@alanweeproperty 24 күн бұрын
True. But this scheme level the playing fielding for foreigners n locals. The outlay is also lower at Rm600k. This is lower risk too. This scheme as said is for ppl that have money n plan to retire there. For them making money in property is not their priority. They want to own their own home.
@marikoventure 18 күн бұрын
Please share good restaurants in JB😊❤
@alanweeproperty 18 күн бұрын
Facebook got a JB or KL group. There are plenty around.
@nomorenews 21 күн бұрын
Any SEZ in penang? How much property purchase requirements in all SEZ?
@alanweeproperty 21 күн бұрын
I think in JB only.
@nomorenews 21 күн бұрын
@@alanweeproperty how much minimum property requirements in SEZ in jb and is it only from developer?
@alanweeproperty 19 күн бұрын
SEZ is a place where it has to be agreed upon by Malaysia, Singapore and Federal government. The exact boundaries are not know but we know for sure that Iskandar Puteri is definitely inside this zone. So, there will not be any details until the 3 parties agree. Property has to be purchase from developer. How much. I also don't know. Wait for more announcement
@nomorenews 19 күн бұрын
@@alanweeproperty Thnx🙏
@vincetan89 24 күн бұрын
Malaysia police station closing at 10pm now. Even police can't take care their own safety, how about 老百姓like us 😂
@alanweeproperty 24 күн бұрын
Really ah...mati...
@vincetan89 24 күн бұрын
@@alanweeproperty kena once, free petrol I also don't going in 😂
@alanweeproperty 24 күн бұрын
@@vincetan89 this is the game...I too visited the police station before.
@vincetan89 22 күн бұрын
@@alanweeproperty how's ya experience haha
@alanweeproperty 22 күн бұрын
@@vincetan89 just make police report n move on...play the games if we want to visit our neighbors. Petite crime is part n parcel there.
@pongpong5108 24 күн бұрын
Move to Msia mm2h, yr rental in spore will be taxed at resident rate ?
@alanweeproperty 24 күн бұрын
Unless u leave it vacant. Else pay Non-owner-occupier residential tax rates.
@kjhui4283 21 күн бұрын
if you stay outside singapore for more than 163 days in a year, you will be taxed the non-resident rate for all your income earned in singapore, include rental.
@kjhui4283 21 күн бұрын
@@alanweeproperty I think u mis-understood @pongpong5108 qns, there is the (1A) resident and (1B) non-resident tax rate and there is the (2A) owner-occupied and (2B) investment property tax rate. They are 2 different tax categories.
@alanweeproperty 21 күн бұрын
@@kjhui4283 oic. Thank for clarification
@Coporatepeasant 23 күн бұрын
Fix deposit minimum locked in period is 5 years?
@alanweeproperty 23 күн бұрын
@@Coporatepeasant I assume that the case rights? else can take out. No meaning already.
@hcteo2196 25 күн бұрын
Hi Allan, please clarify whether the concession of minimum property purchase (in the case of Silver category) of RM600K applies to only directly from Developer or does it include property purchase in the re-sale market?
@alanweeproperty 24 күн бұрын
I check for u...
@alanweeproperty 23 күн бұрын
Each state has its own minimum purchase price. Penang is RM500k for MM2H (2 units only), The others will be RM1m but for SEZ, there is minimum purchase price
@alanweeproperty 23 күн бұрын
Yes. Sub sale (resale) is eligible in Penang. Only SEZ must buy from developer.
@atlantis98765 23 күн бұрын
You smell a lobang. Is it the removal of previous requirements in liquid assets and monthly income?
@alanweeproperty 23 күн бұрын
Yes. That is only the relaxation of the criteria. The lobang is u can buy home like the locals. Don't need to pay RM1MIL for condos...that only the rich n famous buy.
@atlantis98765 23 күн бұрын
@@alanweeproperty Oic. Thanks for the clarification
@lengmorris5372 3 күн бұрын
@@alanweepropertyHi, certain about this? As in is it already in black and white?
@alanweeproperty 3 күн бұрын
@@lengmorris5372 u keen? I can link u up with the MM2H agents? Pl pm me..
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