4,291 Applications from Europe Approved for Malaysia My Second Home

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According to the latest report, there were 4,291 Europeans approved for Malaysia My Second Home (MM2H) application. MM2H is a programme created by the Malaysia Tourism Authority and the Immigration Department of Malaysia, to encourage foreigners to live in Malaysia for a period of 10 years. The applicants must undergo a screening process to fulfil the criteria, which include that they have no criminal records, and are financially stable. It was reported that since its launch in 2002 up to August 2017, the MM2H programme has approved approximately 36,000 MM2H visas.

Below are 3 properties which are suitable for Europeans MM2H visa holders to stay or even invest in. Let’s dive in:

Millerz Square

Millerz Square is a serviced apartment nestled in Old Klang Road (Jalan Klang Lama). It is close to Mid Valley Megamall, one of the largest shopping malls in Asia. Millerz Square is smartly established on the outskirts of the Kuala Lumpur metropolis. It is a mixed real estate project that makes it possible for homeowners to live a more active life. The property development consists of homes, offices and retails. Millerz Square consists of a multi-story office complex with 4 serviced residential buildings, an office complex, retails and a basement parking lot. There will be a total of 1,633 serviced apartment units and 336 office units. The project will bring quick access to the brand-new Pantai Highway (NPE) linking Bangsar and Kuala Lumpur. Other cities such as Subang Jaya and Petaling Jaya can be reached by means of the Federal Highway, KESAS Highway, and the NPE. These main roads are connected and close to Millerz Square.

The Arcuz

Established at Kelana Jaya, The Arcuz is a leasehold serviced apartment featuring 685 units spread out throughout 47 storeys. This property is projected to be completed in 2023 and is established by the Exsim Group. The Exsim Group’s approach to property development is to deliver focus to nature and the business’s motto is ‘New Age Ingenuity’. The Arcuz is a cutting-edge contemporary service residency that intends to offer its residence an unwinded, elegant lifestyle in the midst of hectic city life. It is surrounded by rich greenery, releasing a tranquil setting. This residential property is well taken care of and has amazing facilities. The Arcuz has one of the best access to significant roads and features. The Arcuz is an ideal factor to consider for little households, individuals, expatriates, in addition to for anyone who wants to invest in the residential property market.

Sunway Serene

Established at Kelana Jaya, Sunway Serene is established by Sunway Group. The trendy high rise building is being developed with 2 towers making up 46-story buildings including a total amount of 894 residential units in its occupied construction area of 17 acres. This small density living location assures relaxation and stillness for its residents. Sunway Serene units are being developed with the size varying from 892 square feet as much as 1,788 sq. ft., which gives a large residing environment. The housing units have been provided with floor plans varying from 2 bedrooms and 2 bathrooms up to 5 bedroom and 4 bathrooms in its built up area. These residential properties in Malaysia are having the option of furnished and partially furnished inside. A minimum of 1 car park has been assigned per residential unit. Sunway Serene prices vary from RM732,000 onwards, which makes this development available and affordable to middle and high earnings groups in this particular region. This luxurious designed development is predicted to complete by the year of 2022.

Final Thought

According to Malaysia largest property information platform PropertyLand.my, European MM2H applicants can purchase a residence in Malaysia even though there are some limitations. Foreigners can typically only buy a residence over RM1,000,000, depending on which state you stay.  It is not a must to acquire an MM2H visa in order to purchase a residential property in Malaysia. You can apply for a housing loan in Malaysia. The bank will normally want you to pay off the housing loan before reaching the age of 65. All house buyers have to receive state approval. This process can be as long as 6 months.