Effective 23 March 2009, new applicants who have purchased and owned residential property which were bought at RM1 million and above in Malaysia are eligible to apply for exemption from placing the full FD amount required of MM2H participants. They only have to comply with the basic financial requirement of FD or RM 100,000/- for those aged 50 years and above, RM150,000/- for those aged below 50 years old. This amount may not be withdrawn until the participants decide to terminate their participation in MM2H programme.

New applicants have to observe the following conditions:

   
 
1.
The purchased residential property may be a fully-completed unit or one under construction. For any property purchased, applicants aged below 50 and those aged 50 and above must produce copies of payments made to developers, amounting to a minimum of RM 300,000 or RM 150,000 respectively, in place of the required Fixed Deposit under this programme. This amount does not include legal fees, transfer fees, commissions and any other related payments.
2.
The property must cost a minimum of RM 1 million OR
3.
Several properties totaling RM 1 million and above can be accumulated for this exemption.
4.
The exemption may be considered for residential property which was bought within 5 years of application to participate in MM2H programme.
   
 
The following documents are required to be submitted for the financial exemption:
- Certified copy of Sale and Purchase Agreement
- Certified copy of Transfer of Ownership /Transfer of Deeds (if applicable)
- Proof of mortgage loan payment (if applicable)
- Proof of Quit Rent/Assessment Rate Bill payment (if applicable)
- Certified copy of Title Deed/Land Title (if applicable)

The supporting documents must be submitted together with the new application.

   
   
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Our company, Strategy Holiday (MM2H) Sdn. Bhd. is an authorized agent who can advise, assist and submit your application on your behalf amongst other services.

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Latest Updates:
New applicants who have purchased and owned residential property which were bought at RM1 million and above in Malaysia are eligible to apply by placing only RM100,000/= in a Fixed Deposit account for those aged 50 years and above, and RM150,000/= for those below 50 years old. (Find out more)

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