Full Breakdown
Malaysia My Second Home Programme Sees Economic Surge in 2025
2/15/2026, 2:49:16 AM
Economic Contributions and Growth
The Malaysia My Second Home (MM2H) programme has significantly impacted the national economy, generating RM3.87 billion (approximately S$1.25 billion) by the end of 2025. This figure was announced during the MM2H Appreciation Night on February 13, where the Ministry of Tourism, Arts, and Culture recognized 252 licensed companies and strategic partners for their contributions. The programme has recorded 14,535 applications since the revised policy was implemented in June 2024, with China leading as the largest contributor, submitting 7,600 applications, followed by Taiwan (2,419) and Hong Kong (604).
The economic contributions include RM10.5 million in participation fees, RM1.8 billion in fixed deposits, and RM1.5 billion in property purchases. The property investment figure is expected to rise by an additional RM2.3 billion as participants finalize home purchases. The ministry emphasized the importance of cooperation among various sectors, including immigration and banking, to maintain Malaysia's status as a competitive second home destination.
Policy Changes and Implementation
The MM2H programme underwent significant changes following the Cabinet's approval of a new framework on May 21, 2024. The Ministry of Tourism, Arts, and Culture officially took over the programme on October 15, 2023, and the MM2H One-Stop Centre commenced operations on December 18, 2023. These changes have reportedly led to a surge in applications and investor confidence, with a total of 255 operator licenses issued as of February 11, 2026.
Minister of Tourism, Arts, and Culture Dato Seri Tiong King Sing noted that the improvements in participation figures reflect a broader economic impact, stating, "These are not just numbers. They translate into real economic contributions with a direct impact on the national economy." The ministry has also digitalized the application process and launched a dedicated promotional website to enhance the programme's visibility.
Criticism and Opposition
Despite the positive outlook, some critics argue that the MM2H programme's focus on attracting foreign investors may overshadow the needs of local citizens. Concerns have been raised about the potential impact on the housing market and the availability of resources for Malaysians. However, the ministry maintains that the programme is designed to foster an international community that values Malaysia's stability, cultural diversity, and quality of life.
Official Statements and Responses
The Ministry of Tourism, Arts, and Culture has expressed gratitude to the Bank of China for signing a memorandum of understanding, which is seen as a crucial step in enhancing investor confidence. Tiong emphasized that MM2H is not merely about property ownership but about promoting Malaysia as a long-term destination trusted globally.
Verbatim Quotes
“It is about building an international community that chooses Malaysia as a second home because of the stability, cultural diversity, service accessibility, and quality of life we offer.” — Dato Seri Tiong King Sing, Minister of Tourism, Arts, and Culture
“Cooperation between the ministry, the Immigration Department, the police, as well as the banking and property sectors, remains crucial in ensuring Malaysia retains its position as a safe and competitive ‘second home’ destination,” — Ministry of Tourism, Arts, and Culture Statement
What's Next
Looking ahead, the ministry plans to continue promoting the MM2H programme internationally and strengthen collaborations with various sectors to ensure its ongoing success and sustainability.
