Too many caveats and unstable factors in this MM2H.
This MM2H is not new and has been around since 2002. So many times were Sinkies wishful but reality often seemed far from what they imagined.
If we refer to the original MM2H, some concerns are likely transferred to this new version.
1. The 5 year option to renew, doesn't mean surely renewed. Imagine 1 million people from China send in an application, their Bumi-instinct won't react?
2. During renewal, there's no guarantee of no changes in requirements. This could ask for fresh funds, they could restrict age, etc.
3. In the original MM2H, medical report is required. This suggests to me that medically sick PR could be rejected. So this dashes the dream of retirement in Malaysia.
https://en.wikipedia.org/wiki/Malaysia_My_Second_Home
4. The govt in Malaysia, is unstable. The tourist minister is a Chinese, what if PAS or a Muslim takes over the next time? Surely, the political parties there will involve racial sentiments in every election. Their right-wing PAS is not a weak nor a minor party.
5. You have to stay 60 days in Malaysia before age 50.
Not sure how they count it, Does morning go in Malaysia and out at night count?
How can you stay in Malaysia 60 days unless you are out of job.
I don't think this nor the RTS will improve the property prices, most property owners in JB are losing money, and it will be good that they could even break even.
If i decide to retire in Malaysia, i will probably just rent a unit. I won't want to lock my liquidity in a Malaysian property, i don't think it's easy to sell it off. I don't see a purpose. For stability in rental price? For capital appreciation? There are plenty of new properties in Malaysia and Malaysia has a vast amount of land, so unlikely it will propel much.