New and Improved MM2H

[locksleychang]

My wife and I are thinking of buying a small condo there, just for us. We will keep our HDB as it's fully paid up.

Kids will stay in SG or in our HDB.

We can FIRE earlier if we live in JB more than 50% of the time.

 

[locksleychang]

There have been reports of such people getting blocked at their immigration. Reported in Living in JB forum.

This is what I am worried of, yes. Not sure what is their threshold. But in theory... If they block me from entering I am okay since I still have a HDB in SG. Won't become homeless.

 

[Nimegen]

Sg property likely to moderate or trend downwards while Msia property should trend upwards.

 

[sunsetbay]

Got bronze scheme boh~?

 

[kaputzzz]

Let's say I don't apply for this. I buy a condo at whatever price I need to as a pure foreigner.

I just go in and out - maybe stay 2-3 weeks there then come back SG for a week or so, go back and repeat. What's the difference? Workable?

If workable then don't even need to lock up roughly SG$70k in their bank as FD for the lowest tier.

Main benefit is no need to exit every 30 days. If you don't mind exit and reentry every 30 days can just stick to the normal chop stamp to renew for 30 days each time lor.

 

[Nimegen]

My wife and I are thinking of buying a small condo there, just for us. We will keep our HDB as it's fully paid up.

Kids will stay in SG or in our HDB.

We can FIRE earlier if we live in JB more than 50% of the time.

We can also FIRE now with our kids and stay in JB while renting out Sg condo. Only problem is elder boy still attending polytechnic.

 

[TapInTapOut]

Let's say I don't apply for this. I buy a condo at whatever price I need to as a pure foreigner.

I just go in and out - maybe stay 2-3 weeks there then come back SG for a week or so, go back and repeat. What's the difference? Workable?

If workable then don't even need to lock up roughly SG$70k in their bank as FD for the lowest tier.

this one will have risk of lim kopi, and/or banned from entering/exit Malaysia... with MM2H Silver pass at least u can properly live in MY, and commute back and forth how many times u want.

 

[sunsetbay]

what about those 50 and above~?

 

[virtualape]

No bronze category ah? Rm300k lah...I sure apply

 

[andyhtc]

No bronze category ah? Rm300k lah...I sure apply

They want retirees with high spending power.

 

[Oldnerd79]

Can consider silver scheme, rm500k not too bad. But one year later can take out 50% must use to buy property?

 

[virtualape]

Can consider silver scheme, rm500k not too bad. But one year later can take out 50% must use to buy property?

Didn't say MUST buy. So means can rent..they just want your funds in the fd to invest. After 1 year you can take out 50% to spend.

This is more palatable. I'll be a regular at bluwave

 

[Nimegen]

Can consider silver scheme, rm500k not too bad. But one year later can take out 50% must use to buy property?

Can use for healthcare too.

 

[locksleychang]

Both husband and wife need to apply right? Otherwise risk of one being able to cross border but the other being stopped?

Cause if only one needs to apply, the amount of money locked inside is halved.

 

[Manofmanypro]

If feasible, can rent forest city condo and drive in/out 2nd link daily…. My workplace in Tuas…..

 

[rayzzzz82]

How long after getting the platinum mm2h visa then can apply PR?

Also can withdraw FD once PR approved?

 

[virtualape]

If feasible, can rent forest city condo and drive in/out 2nd link daily…. My workplace in Tuas…..

Sg property collect rent. Shiok right? Something like what jhk are doing except you collect rent.

If budget enough, use rent to pay for 2nd property in sg.

 

[virtualape]

Sg property likely to moderate or trend downwards while Msia property should trend upwards.

Govt won't let it slip too much. My properties are abundant...how to trend upwards

 

[eyz]

Some older condos have the $500k RM limit for foreigners. This MM2H raised it to $750k RM. The better 2-bedroom condos are typically above this threshold.

i thought it was 1 mil.

or is there a difference between landed and condo?

pls advise.

edit: https://www.propertyguru.com.my/pro...-foreigners-buying-property-in-malaysia-30975

i think they lowered from 2 mil (landed) and 1 mil (condo) to 750k.

 

[kaputzzz]

Still cannot buy their cheap condo ah? Minimum must be 750k rm?