Shifting MM2H back to Motac will ease process, increase govt revenue

Associations have called on the government to revert Malaysia My Second Home (MM2H) initiative to the Tourism, Arts and Culture Ministry (Motac) to resolve the various issues surrounding the programme.

International Real Estate Federation (Fiabci) Malaysia president Firdaus Musa said due to the revised conditions and changes in MM2H rules, over 90 percent of high-net-worth individuals have shunned Malaysia as their second home option.

“Malaysia is a...