The Malaysia My Second Home (MM2H) program was updated in 2024 with a new three-tier system that mandates property purchase:
: Generally set at RM 1 million (~USD 230,000) for most states like Kuala Lumpur. Some states have higher limits; for example, Selangor requires RM 2 million for landed properties. buy home in malaysia
: Foreigners are strictly prohibited from buying: Properties built on Malay Reserved Land . Low-cost or medium-cost housing units. Units allocated under the Bumiputera quota . 2. Visa Programs & Property Ownership The Malaysia My Second Home (MM2H) program was
: Requires a fixed deposit of USD 150,000 and a property purchase of at least RM 600,000 . Low-cost or medium-cost housing units
To protect local housing affordability, the Malaysian government restricts foreign purchases to higher-end properties.
: MM2H participants must generally hold their property for at least 10 years before selling. 3. The Purchase Process