Malaysia My Second Home Approved 4,291 Applications from Europe

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Based on a recent report, 4,291 Europeans were approved for Malaysia My Second Home (MM2H) application. MM2H is a project founded by the Immigration Department of Malaysia and the Malaysia Tourism Authority. This project allows the overseas people to live in Malaysia for up to 10 years. The candidates are required to undertake a testing procedure to meet some requirements. For instance, they have to be financially stable and have no criminal backgrounds. Since MM2H was launched in 2002, the Malaysia government has granted estimated 36,000 MM2H visas.

In this article, we will recommend 3 most popular residential properties among the Europeans MM2H visa holders. Are you ready?

Sunway Serene

Situated at Kelana Jaya, Sunway Serene is built by Sunway Group. The trendy high rise serviced apartment is being built with 2 blocks comprising 46-story buildings comprising a total range of 894 household units in its occupied land size of 17 acres. This low density residing place guarantees peacefulness and calmness for its residents. These superior household units are being developed with the size varying from 892 sq. ft. as much as 1,788 square feet, which provides a huge residing place. Sunway Serene units have indeed been developed with the concept varying from 2 bedrooms and 2 bathrooms up to 5 bedroom and 4 bathrooms in its built up area. The units are having the selection of furnished and semi-furnished inside. Terence Lim from sunwayserene.my revealed that a minimum of 1 car park has been allocated per housing unit. The total price of the units range from RM732,000 onwards, which makes this development available and affordable to middle and high income groups in this particular area. This extravagant developed serviced residence is projected to finalize by the year of 2022.

Millerz Square

Millerz Square is a serviced apartment nestled in Old Klang Road (Jalan Klang Lama). The property is smartly located on the borders of the Kuala Lumpur metropolitan area. It is a mixed real estate project that enables homeowners to live a more active life. The property development consists of houses, offices and retails. Millerz Square consists of a multi-story office complex with 4 serviced property developments, an office building, retails and a basement parking area. There will be a total of 1,633 serviced residence units and 336 office units. Millerz Square is close to Mid Valley Megamall and The Gardens Mall, well-known shopping malls among the citizens. The development will provide convenient access to the new Pantai Highway (NPE) connecting Bangsar and Kuala Lumpur. Other cities like Subang Jaya and Petaling Jaya can be reached through the Federal Highway, KESAS Highway, and the NPE. These main roads are connected and near Millerz Square.

The Arcuz

Situated at Kelana Jaya, The Arcuz is a leasehold serviced residency including 685 units spread out throughout 47 levels. This property is forecasted to be finished in 2023 and is developed by the Exsim Group. The Exsim Group’s method to development is to provide focus to nature and the company’s motto is ‘New Age Ingenuity’. The Arcuz thearcuz.my is a cutting-edge contemporary service residence that aspires to present its residence an unwinded, glamorous lifestyle in the midst of hectic city life. It is surrounded by lavish greenery, producing a tranquil ambience. This real estate is well maintained and has great facilities. The Arcuz has one of the best access to major roads and features. The Arcuz is a perfect consideration for little families, professionals, expatriates, along with European MM2H visa holders who wish to invest in the residential property industry.

Conclusion

Malaysia leading property company PropertyLand.my stated that European MM2H applicants can purchase a residence in Malaysia provided they fulfil some criterias. All foreigners can purchase a residential property with a minimum price requirement of 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. The good news is that European MM2H visa holders can opt for a housing loan in Malaysia. The bank will normally want you to pay off the mortgage before 65 years old. Please note that all house buyers have to get approval from the state government which could take as long as 6 months.