Category Archives: Lifestyle

Bantuan Prihatin Nasional (BPN)

Bantuan Prihatin National BPN is one of the government aids that is provided under the economic stimulus package. It is a one-off aid that is given to the B40 and the M40 community.

The bantuan prihatin national BPN given to the B40 community is based on the database from the Bantuan Sara Hidup (BSH). The BPN for the M40 community is based on the Inland Revenue Board’s (LHDN) taxpayer database.

Qualifier to receive the B40 & M40 for Bantuan Prihatin National BPN

Instant checking bantuan prihatin national



A: The category that is qualified to receive the B40 BPN are as below:-

i) Household

a) Married; or

b) Single parents/ widower/ widow reporting child information on the BSH 2020 application.

c) Household income RM4,000 and below.

ii) Single

a) Single or single

parents/ widower/ widow with no reporting child information on the BSH 2020 application.

b) Above 21 years old including senior citizens (60 years old and above).

c) Single income of RM2,000 and below.

The category that is qualified to receive the M40 BPN are taxpayers registered with LHDN with status as below:-

i) Household

a) Married

b) Single parents/widower/ widow based on the taxpayer data base.

c) The monthly aggregate income between RM4,001 and RM8,000 based on their recent income tax return forms (BNCP).

ii) Single

a) Individuals who are single in the tax data base.

b) Above 21 years old.

c) Monthly income between RM2,001 and RM4,000 based on their BNCP.

iii) Taxpayers who are Malaysians living in Malaysia.

Payment release for the B40 and M40 community will be made in April and May.

The B40 payments will be made via:-

a) There is information on the account – the payments will be credited into the account.

b) If the payment status is credit failure – payments will be made via cash at Bank Simpanan Nasional.

c) No account – payments will be made via cash through Bank Simpanan Nasional.

The M40 payments will be made via:-

a) Payments will be made through bank accounts listed under the BNCP.

b) Payments will be credited into the bank account of the head of the household.

c) If joint assessment was made during the BNCP, then the payments will be credited into the bank account of the taxpayer who made the joint assessment.

If the payment status is credit failure, then the payment will be made via cash through Bank Simpanan Nasional.

Under the M40 BPN:

Applicants can update their bank information through the e-Kemaskini application at https://ez.hasil.gov.my/ci/ to ensure that their bank information is up to date and is active. Ensure that the bank account is under the name of the account holder.

How to check the status of your BPN payments ?

Recipients who are qualified to receive the B40 and M40 can check their status starting April 1.

The Bantuan prihatin national BPN database will be based on:-

a) Under the B40: the list of approved BSH recipients.

b) Under the M40: the list of income tax payers who meet the BPN income criteria.

Recipients can check their status via:- a) LHDN: http://www. hasil.gov.my

b) BSH: https://bsh.hasil.gov.my

c) Finance Ministry: https://www.treasury. gov.my

How to check your approval states / make a new applications .

Try here:

https://bpn.hasil.gov.my

Will BPN recipients living in the interiors of Sabah and Sarawak receive their payments by April?

No. BPN B40 payments for those living in the interiors of Sabah and Sarawak will be made in a one-off payment together with their BSH payments.

the payment method will be made through the opening of counters in the interiors of Sabah and Sarawak which will be coordinated by the Sabah and Sarawak Treasury through the Finance Ministry. The date and the location will be made known later.

Death Benefit member of EPF’s Malaysia

About Death Benefit

The Death Benefit is a gesture of compassion by the EPF to our member’s next-of-kin (under EPF’s discretion). A one-time payment of RM2,500 will be considered and awarded to any of the deceased member’s eligible dependents. (widow/widower, child, or member’s parents subject to member’s marital status)

Retirement Incentive (i-Saraan)

As a member under this incentive, you will receive a 15% government contribution (a maximum of RM250/year [Effective 1 Jan 2018]) on top of your own contributions.

Voluntary Contribution with Retirement Incentive (i-Saraan) allows our members who are self-employed and do not earn a regular income to make voluntary contributions towards your retirement, and at the same time receive additional contribution from the government.

Flexible contribute according to your own time and within your own financial ability and still be able to make withdrawals

Besite Receive additional Government incentive of 15% subject to a maximum of RM250 annually for members aged below 55 years old and also earn annual EPF dividend on your retirement savings. The Government incentive will be given from year 2018 until 2022 .

*Not applicable to members that receive a fixed employer contribution.
*Government contribution is limited to members who are below age 55.

Nomination

When you make a nomination, you are appointing an individual or institution to receive and oversee your EPF savings in the event of your demise. By planning ahead and nominating your beneficiary early, you can protect your loved ones from unnecessary complications and keep them financially secure even after you’re gone.

Withdrawal for Buying House

The soaring property prices have made dream home is a seemingly impossible dream and taking a leap from renting to buying is one big milestone. A plan for a comfortable retirement to withdraw from Account 2 to finance the purchase of a house (term and condition apply).

You can make withdrawals from Account 2 to reduce/ redeem your housing loan balance or assist your spouse with paying off theirs.

Property Wanted

Property wanna

A check list for current ready prospective buyer and or tenants, investor whom are looking for particular properties.

We’ve a prospective for your property now,  All Owner’s are welcome list your properties with us, thanks.

Email: sale@malaysiapropertys.com

Leave your contact

https://goo.gl/forms/dxI2GvS1jcw5r6OP2

Home Ownership Campaign (HOC) 2019 is an initiative announced by the Minister of Finance, YB Mr Lim Guan Eng, during the tabling of Budget 2019 last November whereby Malaysian house-buyers will be exempted from stamp duties for purchase of residential units made between January to June 2019. Developers will also offer attractive discounts and packages for house purchases made during the period. HOC is open to all home buyers to encourage property ownership and stimulate the Home ownership Campaign.

Conditions for Registration of Residential Properties for Purpose of Stamp Duty Exemption

Exemption Period

  • Stamp duty exemptions are given for residential properties which are sold during the period between 1 January 2019 to 31 December 2019.

Eligibility for Exemption

  • Only ‘residential properties’, defined as houses, condominium units, apartments and flats including service apartments built and used as dwelling houses – with valid Developer’s Licence (DL) and Advertisement and Sale Permit (AP) or CCC (where applicable) are eligible to register, all other property types are not included in this exercise;
  • The service apartment must be for residential use only and cannot be converted for commercial activities;
  • Property prices : RM300,001 to RM2.5 million (before discount);
  • It must be a sale from a developer to a purchaser or co-purchasers, all of whom are Malaysian citizens;
  • The stamp duty exemptions are applicable for the purchase of residential unit/s for Sale & Purchase Agreement executed between 1 January 2019 to 30 June 2019;
  • A minimum of 10% discount (from selling price) is applicable to all units that are not subjected to government price control.
  • Eligible properties in Peninsular Malaysia must be registered with REHDA Malaysia. Eligible properties in Sabah and Sarawak must be registered with SHAREDA (shareda.com) and/or SHEDA (www.sheda.org.my) respectively;
  • The stamp duty exemption is applicable to the following in relation to the purchase of residential property by an individual Malaysian citizen:

Instrument of transfer

House Price for first RM100,000 = Exempted

RM100,001- RM500,000              = Exempted

RM500,001 – RM1,000,000          = Exempted

RM1,000,001 – RM2,500,000       =3%

Instrument on securing Loan are exempted up to RM2.5 mil

*HOC 2019 is an initiative by the Government to address the property overhang issue in the country, and to further stimulate the housing sector. As such, the Government offers stamp duties exemptions on Instrument of Transfer and Instrument on Loan Agreement.

*The Campaign is open to ALL Malaysian individuals.

*The Sale and Purchase Agreement (SPA) must be signed within the Campaign period.

*Exemptions are applicable only for residential properties (including serviced apartments) that are completed or under construction, and governed by the Housing Development Act with valid developer’s license (DL) and advertisement and sales permit (AP) and/or Certificate of Completion and Compliance (CCC).

*Only residential properties in the primary market are eligible for the stamp duties exemptions, thus sale must be from a developer to a purchaser.

*A minimum 10% discount must be given by the developer, provided that the residential units are not subject to Government price control.

*The discount is given based on approved APDL pricing and must be reflected in the SPA.Eligible properties in Peninsular Malaysia must be registered with the Real Estate and Housing Developers’ Association (REHDA) Malaysia, while eligible properties in Sabah and Sarawak must be registered with Sabah Housing and Real Estate Developers Association (SHAREDA) and Sarawak Housing and Real Estate Developers’ Association (SHEDA) respectively.

Sale And Purchase Agreement

Sales And Purchase Agreement A sales and purchase agreement (SPA) is a legal contract that obligates a buyer to buy and a seller to sell a product or service. SPA’s are found in all types of businesses but are most often associated with real estate deals as a way of finalizing the interests of both parties before closing the deal.

While purchasing a property, one will not feel secure by merely signing only the Letter of Offer and Letter of Acceptance, notwithstanding the vendor or the purchaser. This insecure feeling of will persist until the signing of the formal agreement – Sale and Purchase Agreement (‘SPA’). SPA is the main contract governing both parties and setting out the details like the agreed purchase price, conditioning precedents to be fulfilled, the payment manner, the details of the property, loan, the manner of delivery of vacant possession and any other arrangement in this buy sell event. Therefore, it is utmost important to understand every detail in the SPA because you are bound by whatever you sign.

This article will focus on the salient items in a SPA. There is no such thing as a standard SPA as the spirit of an agreement is to set out the terms mutually agreed by the parties. The purchase price is fixed upon signing the Letter of Offer, but the bargaining process continues during the period before the SPA is signed. The good news for home buyers in Peninsular Malaysia is where the lawmakers have laid down a set of SPA terms for the Developers to adopt in the Housing Development (Control and Licensing) Regulation 1989. The developers may only amend the stipulated SPA if they are offering better terms, ie. shorter delivery of vacant possession period or longer defect liability period. Although this set of SPA is only applicable when one buys residential properties from developers, it also serves as a good guideline for all other SPA terms to follow, ie. buying commercial property from developers, buying any property from sub-sale market. As a result, it will absolutely cut down the people who go to court due to the ambiguity of the SPA signed.

The most important factor in the SPA will be the manner of payment, regardless the vendor or purchasers. Purchasers must know the manner of payment of purchase price not only to manage his/her finance but also not to incur penalties by accidentally/unintentionally breaching the terms in the SPA. Purchasing a residential property from developers, the billing stages are stipulated clearly in schedule 3 of the SPA. The manner of payment in a sub-sale agreement will be less complicated as the transaction period is shorter and the property is usually ready for delivery. The common process will be the first 2-3% as a booking fee upon signing the Letter of Offer, the remaining 10%  deposit is due during the signing of the SPA, then the remaining purchase price of 90% to be settled within 3 months after signing the SPA. In some events, it may be automatically extended for a further 1 month by incurring late payment interest. As mentioned, there is no standard SPA, one may decide to deviate from the norm if it is agreed by both parties.

What purchasing a property, your next major concern will be the time you can get the vacant possession. Vacant possession is a legal term that means the property is in a state fit to be occupied. In simpler words, this means the delivery of access keys and cards to your newly purchased property. For residential development by developers, vacant possession has to be delivered within 24 months for landed property and 36 months for high rise stratified building. On the other hand, delivery of vacant possession for sub-sale is usually 3 – 5 working days after the purchaser settle the full purchase price. The SPA is subjected to the tenancy when the purchaser is purchasing a tenanted unit. The purchaser will be getting the legal possession as the owner of the property but not the keys to the unit. Effectively, the rental and deposits shall be delivered to the purchaser by way of assignment of tenancy.

If you have purchased a house in secondary market, you will not notice the ‘Defect Liability Period’ clause in the SPA. A defects liability period is the warranty period which the Developer is contractually obliged to repair the defects which have appeared within the period of time due to defective in construction works and material. Contrary to the privilege of having developer’s warranty, the purchase of sub-sale properties requires sufficient due diligence of the purchaser when viewing and inspecting the property before entering into the SPA. Due diligence includes checking every part of the house especially sewage, piping, leakage, electrical appliances, rooting and any other fixtures and fittings to prevent any undesirable situation arise. Should the purchaser require the repair of anything prior to vacant possession, the purchaser shall make sure his/her lawyer inserts this in the SPA.

Be meticulous, be scrupulous. Do not make assumptions but make sure. No purchaser will want to jeopardize his/her deal or ruin your happiness due to your own carelessness. It is always prudent for the parties to inform their lawyer accordingly of their intentions and to enquire the available protection for anything that matters in the sales and purchase transaction during the drafting of the SPA, not after signing on the dotted line.

Signing the Letter of Offer, Sales & Purchase and Loan Agreement

Signing the Letter of Offer

Upon selecting the bank which provides the best offer, the borrower will then need to sign the Letter of Offer. Both parties will need to agree on the price, and upon agreeing to sign the Letter of Offer, the borrower will then need to pay a deposit of 2% to 3% of the purchase price.

The deposit of 2% to 3% is usually paid to a neutral party, often an agent as a stakeholder account. The agent is often referred to as an escrow agent – a grantee.The remaining amount of the purchase price, which adds up to 10%, is usually paid after the Sales & Purchase Agreement is signed.

Signing of the Sales & Purchase Agreement

Following the Letter of Offer, the purchaser will next need to sign the Sales & Purchase Agreement (SNP/SPA). The property buyers are usually given a period of between 2 to 3 weeks to sign the S&P agreement, otherwise they will need to ask the bank for an extension of the Letter of Offer.

Within the time period allocated, the property buyer’s lawyer will need to draft the SNP, conduct the relevant title searches, and get both the buyer and the seller to agree to the various clauses. Upon both parties reaching an agreement, the SNP will then need to be signed in front of the lawyers. A few copies of the SNP will be created, which the purchaser will need to sign all the copies.

It is during this period that the remaining of the downpayment will need to be paid. So if the purchaser has already paid the 2% or 3% during the Letter of Offer stage, they will now need to pay the balance.

The typical causes of delay in this stage is when the money for the balance is stuck in a Fixed Deposit account, or is located overseas. In these situations, there might be delays in transferring the money back to Malaysia to make the payment.

Upon receiving the balance of the money, the purchaser will then need to sign all the S&P copies. However before signing, the purchaser will first need to ensure that all the salient details are accurate. The details that should be checked and must be correct .

Signing the Loan Agreement

Upon signing the S&P which dictates the terms between the buyer and seller, the next document that the purchaser will need to sign is the Loan Agreement. The Loan Agreement is the agreement that is signed between the purchaser and the bank. This document will state all the terms of the loan. The Loan Agreement is usually skewed to the bank’s interest, protecting the bank.

The costs of creating this document will however be borne by the purchaser.

If necessary, a Deed of Mutual Covenant will also have to be signed. The Deed of Mutual Covenant (DMC) is an agreement that is usually applicable only to multi-unit or multi-storey building. It regulates the rights of the owners, and all the subsequent owners of the unit.

Another document that the purchaser may need to sign is the Memorandum of Transfer (MOT). The MOT is a document that is signed to change the ownership of the unit from the previous owner to the next owner.

Purchasers of completed sub-sale developments will be able to sign the MOT immediately – which will require payment – while purchasers of developments still under construction will need to wait for the development to complete, and wait for approximately 6 months before they will be able to sign the MOT.

Malaysia My Second Home – Eligibility

Malaysia My Second Home Eligibility

The MM2H programmed is open to all countries recognized by Malaysia but the programmed has numerous requirements. These requirements include a minimum monthly income, minimum liquid assets, a fixed deposit, plus various other rules. The exclusion of foreign spouses of Malaysian citizens was removed in February 2009 and they are now allowed to apply for the MM2H visa.

.It’s encourage through an approved government agent by the Ministry of Tourism. These companies have the initials “MM2H” in the company name.


Upon Application – Financial Requirements For MM2H

Applicants are required to show they have sufficient financial resources to live in Malaysia without seeking employment or other assistance from the government.

Applicants under 50 are required to show liquid assets above RM500,000 and a monthly income of over RM10,000 (equivalent).

Applicants over 50 have to show liquid assets over RM350,000,and a monthly income over RM10,000. Applicants who receive a government pension used to be exempted from making any fixed deposit although recently this exemption is no longer being given.Applicants over 50 have to show liquid assets over RM350,000,and a monthly income over RM10,000. Applicants who receive a government pension used to be exempted from making any fixed deposit although recently this exemption is no longer being given.

Acceptable liquid assets for people over 50 include cash in the bank, bonds and securities.


Upon Approval – Fixed Deposit Requirements For MM2H

Approved applicants over 50 receiving a pension from a Government in excess of RM10,000 a month can request exemption from making the Fixed Deposit. All others have to make a Fixed Deposit as follows.

i) MM2H Applicants aged below 50 years old:

  • Must place a Fixed Deposit in a bank account in Malaysia of RM300,000
  • Can withdraw up to RM150,000 for the purchase of house, medical insurance or children’s education expenses after the deposit has been placed for one year
  • Applicants can use their car purchase grant to withdraw part of their Fixed Deposit after two years.
  • Must maintain a minimum balance of RM150,000 from second year onward and throughout stay in Malaysia under this program me.Car purchase (copy of Car Grant issued by the Road Transport Department. Receipt of booking fee is NOT ACCEPTED)


ii) MM2H Applicants aged 50 years and above:

  • Must place a Fixed Deposit in a bank account in Malaysia of RM150,000
  • Can withdraw up to RM50,000 of the fixed deposit after one year to purchase of house, medical insurance or children’s education expenses.
  • Applicants can use their car purchase grant to withdraw part of their Fixed Deposit after two years.
  • Must maintain a minimum balance of RM100,000 throughout their stay in Malaysia under this programme.Car purchase (copy of Car Grant issued by the Road Transport Department. Receipt of booking fee is NOT ACCEPTED)


iii) MM2H Applicants who have purchased a house (or houses) with a total value of RM1 million and above.

  • Must show evidence of ownership and full payment of the property.
  • Must have been purchased within 5 years of application for MM2H visa.
  • Will have to place a Fixed Deposit in a bank account in Malaysia of RM150,000 if under 50, and RM100,000 if over 50.It should be noted that the fixed deposit does not have to be placed until after the applicant has received a letter of “conditional approval”. This letter sets out the steps that have to be completed before the visa is issued. This usually consists of placing the Fixed Deposit, having a medical examination in Malaysia and obtaining medical insurance for Malaysia. Once these steps are completed the visa can be collected from the Immigration Department in Putrajaya.


Employment/Business Investment Rules for MM2Hers

MM2H visa holders aged 50 years old and above can work for up to 20 hours a week. This is applicable to visa holders who have specialized skills in certain approved sectors. We are advised the decision on whether to approve part time work is based on the approving committee view on whether a Malaysian could do the job.MM2Hers are permitted to set up and invest in businesses in Malaysia. They will be subject to the same regulations as other foreign investors but will not be permitted to become actively involved in the day to day running of the business. If they wish to do this they must switch their visa to a work permit.

Sponsor/Security (Personal) Bond

All applicants require a Malaysian sponsor to support their application. In addition they will be required to place a Personal Bond of up to RM2000 before the visa will be issued. If the applicant uses an agent then the agent will become the sponsor and the agent is also required to place the Personal Bond for the applicant.

Insurance Coverage and Medical Report for MM2H

Applicants and their dependents must possess a medical insurance coverage from any insurance company that is valid in Malaysia. This may be waived for older applicants who are denied coverage because of their age. All applicants and their dependants are required to have a medical examination from any private hospital or registered clinic in Malaysia. Both these conditions are met after the letter of “conditional approval” is issued.

Dependents

Applicants are allowed to bring along their dependents (children below 21 years of age, step children, disabled children, and parents) under their MM2H visa. Older dependent children will have to get a separate visa. Dependants attending school in Malaysia are also required to apply for a Student Pass which allows them to continue their education in schools or Institutions of Higher Learning recognized by the government.

House Purchase

Each participant is allowed to purchase an unlimited number of residences above the minimal applicable price set for foreigners buying property in the State where they make the purchase. In most cases the minimum price is RM1,000,000 although some States, like Penang, have lower minimums for Mm2H visa holders. All purchases must be approved by the State authorities. Certain types of property cannot be purchased by foreigners e.g. those on ‘Malay Reserve’ land.


Taxes

Successful applicants are subject to Malaysian taxes on income sourced from Malaysia but income from overseas is not taxable. Even when foreign income (for example, a pension) is taxed at source by the overseas country they will stop this, once evidence is shown that the person is resident in Malaysia.


Security Vetting

Approvals are given subject to security vetting clearance conducted by the Royal Malaysian Police. Applicants will also have to show a police clearance certificate (letter of Good Conduct) from their home country to show they do not have a criminal record.


Restrictions

Successful applicants are not permitted to participate in activities that can be considered as sensitive to the local people like political or missionary activities.

Education Permissions

PERMISSION TO STUDY (For Dependent Under Age Of 21 Year Old) Applicants are allowed to bring their children who under 21 years old and not married as their dependents under this programmed.

Please note that tertiary educational institutions (private colleges and universities), requires their students to have a Student Pass. Therefore, MM2H dependents who are enrolling into tertiary educational institutions, are required to terminate their MM2H Social Visit Pass in order to apply for the Student Pass and should be insured throughout their stay under this programme.

Application guidelines for permission to study :

Applicant & Principal Must Be Present.

Application Must Be Below 18 Years Old (above 18 Years Old need to apply student pass)

Copy of approval letter & letter of Intention By Principal / Sponsor

Completed Student Personal Data Form ( available at Immigration Unit)

Original & Copy of Applicant’s Passport

A Passport Size Photo

Letter of Acceptance From Public/ Private Higher Education/ Secondary School/ Pre School or International School

Copy of Principal’s Passport

Letter From Ministry of Education (Except International School)

The Havre Bukit Jalil

A 99-year leasehold land spanning 3.58 acres in Bukit Jalil will bear witness to the development of The Havre, a fully residential high-rise property by Aset Kayamas.

There will be 1,052 units offered in total for The Havre, spread between two blocks towering at 40 storeys each. Having two built-up choices of 1,023 sq ft and 1,239 sq ft, the selling price starts from an average price per square foot of around RM550 which translates to a listing price of about RM580,000.

The Havre wins in scoring a cheaper entry price and having bigger built-up offerings but loses in terms of being a leasehold development, and having a higher number of units. Nevertheless, everyone can agree that for this part of Bukit Jalil (all three projects are developed in the vicinity of Bukit Jalil City), the homes bear premium prices.

 

The Havre Bukit Jalil is situated at surround of The Centre of Bukit Jalil.
Its located within walking distance to Lai Ming Chinese School, Pavilion Bukit Jalil, LRT Station

 

Home Loan | Finances
June 8, 2017 / 0 comments / 9227 views / Tags: / Category: Articles
Home Loan | Finances

Home Loan @ Choosing the right home loan package respectively.

Buying a house is a huge financial decision, there are many types of loans in the market that you can take to pay for the property you intend to buy. How do you know which is the best for you? Take a look at the four most common home loan packages in Malaysia.

Term Loan
This is the most conventional of all the loans. You pay interest and principal throughout the tenure. A term loan has a maximum tenure of 35 years or age 70, whichever comes first, in Malaysia. For example, your monthly installment of RM2,129.66 will consist of RM442.16 being the principal amount and RM1,687.50 being interest incurred. You will pay more interest and less principal in the initial years of repayment. If you would like to pay more to finish the loan earlier, you will need to inform the bank before hand in order to reduce the principal. You will have to do that as otherwise the extra payment will go towards prepayment for the following months.

Overdraft
For overdraft, the borrowers only pay interest portion without having to pay the principal. How much interest you are charged will depend on how much you have utilised the overdraft facility. Overdraft is good for businesses, apart from withdrawing only what they need to meet commitments. Any surplus funds at anytime can be deposited into the overdraft account, therefore reducing the overdraft balances and consequently, the interest charged, which is calculated on daily rest.

Flexi Loan
Flexi loan is a hybrid between a term loan and overdraft. The borrowers will still need to pay the monthly instalment but can do any additional repayment at any time without informing the bank. The additional repayment will go towards reducing the interest charged on the flexi-loan facility as the principal owing to the bank has now been reduced. This facility makes use of the current account to operate. Be extra careful when you choose this package from the banks as there are banks that charge extra when you pay more towards reducing the principal.

Islamic Loan
Islamic loan uses the Murabahah concept under syariah principle. Under the Islamic concept of lending, banks will buy the property from the borrower and then rent it back to them. The bank will determine the profit rate in advance after considering the tenure duration. You have a choice to choose either the fixed interest rate or the floating rate. The interest on the floating rate is lower than the fixed.

Do keep in mind that the approval for whichever loan you apply for will depend on many factors – not just your credit score  including whether you have a criminal record (burglary, arson, fraud, murder, etc), stable income, existing loans (car, student, personal, etc), credit card debt, and more. If you have a felony on your record, banks may still approve your loan but your interest rate will be higher than normal.

Malaysia My Second Home ( MM2H)

https://youtu.be/x-_8K_0RwRw

Malaysia My Second Home Program is initiated and promoted by the Government of Malaysia, to allow foreigners to stay in Malaysia for as long as possible, on a multiple-entry Social Visit Pass.

The programmed is open to all nationalities regardless of race, religion, gender or age; where applicants are allowed to bring their spouses and unmarried children below the age of 21 and parents ( above 60 years old), as dependents. The Social Visit Pass is initially for a period of Ten years and is renewable.

Malaysia, Situated in the heart of South East Asia, reflects the very essence of Asia, a bubbling, bustling melting pot of races and religions, where various ethnic groups live together in peace and harmony. The country has much to offer, not least, of which is a low cost of living, make more attractive with relatively high standards of living.

The rapid economic growth of Malaysia has resulted in substantial investment towards infrastructure and the continuous upgrading of facilities to world-class standards. Yet, in spite of rapid growth, Malaysia has not lost its traditional cultural essence and is well-known for its extreme contrasts, which further add to its ” diversity” towering skyscrapers look down upon wooden houses built on stilts, while five star Hotel sit jest meters away from ancient reefs. All this and more has made Malaysia a perfect choice for as my second home.

Geography

Malaysia is made up of two distinct geographical parts – Peninsular Malaysia to the west and the state of Sabah and Sarawak on Borneo Island to the east, both of which sit just north of the equator and separated by the South China Sea. Peninsular Malaysia has a border with Thailand to the north and the island of Singapore sit offshore in the south, while Malaysia Borneo shares borders with Brunei and Indonesia.

The total area of Malaysia is approximately 330,000 square kilometer, with most of it located on the island of Borneo. Peninsular Malaysia only comprises approximately 40% of the total area.

Malaysia is not located within the Pacific Ring of Fire Zone, making it free from major natural disasters such as volcanoes, tsunami, typhoons and earthquakes.

Weather

The country enjoys a tropical climate, with weather that is pleasant, warm and balmy with moderate rain throughout the year. There are also highland residential areas and resorts with permanent spring-like weather throughout the year, which temperatures are between 15″c (59″F) to 25″c (77″F).

The People of Malaysia

Malaysia is a multi-racial country consisting of Malays, Chinese, Indians and numerous indigenous people. Having lived together for generations, all these cultures have influenced each other creating a truly Malaysia culture.

Culture – A land of charming Diversity

Malaysia is a mosaic of cultures, owing to its colourful historical past and being part of the international spice route many hundreds of years ago. The amalgamated culture is a colorful heritage that is still a large part of daily life practices, despite urbanization of the cities.

Language

The English language is well established as an international language of choice with a large number of people conversing in fluent English. This makes Malaysia especially attractive to native English speakers or those speak enough English to communicate.

Recreation & Entertainment

 

Recreation and entertainment facilities are abundant in Malaysia, owing to the year – round pleasant weather and natural wonders of its tropical environment. The country has everything for the family, or for individual pursuit of fun and creation – theme parks, jungle trails, world – class cinemas, performing arts theaters and art galleries, sports facilities, water sports and golf courses.

Food and Fruits in Malaysia

Malaysia food is a varied culinary spectrum, originating from Malaysia’s multi-ethnic population. Malaysian relish and celebrate their diverse food, which include an eclectic mix of international food as well; to suit all tastes and budgets. Indulge in gourmet cuisine created by amazing chefs in designer restaurants, or sample an endless amount of treats found at malls, store- fronts, street-side hawker stalls or the 24-hour local ‘mamak’ restaurants; which are run by Muslim-indians. The best part is that eating out is thoroughly  affordable in Malaysia.

Shopping – experience the indoor and outdoor shopping.

Malaysians love shopping, which is why there is a huge number of luxury malls, as well as the local street-side stalls and stores. Local regulations ensure items are price-tagged and prominently displayed, Particularly at department stores in shopping mall where prices are fixed. Upmarket shopping malls where everything is designed for shopper convenience; contain banks, foreign currency exchange counters, supermarket, restaurants, entertainment centres such as complexes and bowling alleys and hundred of shops offering a tremendous range of goods.

For interesting curios and local face, shoppers can visit one of the many weekly flea markets and night markets – ” Pasar Malam” where haggling is a much required skill and presents an interesting insight into the live of the locals.

Malaysia – Future Development

High Speed Rail (HSR)

High Speed Rail expected to be completed in year 2026, with the ripple effect of the project, development in Malaysia looks set to surge, as the newly-accessible prime estate along the tracks awakening now-sleepy towns hosting transit stations.

Future Development – Bandar Malaysia

Education

Foreign Universities Branch-Campus

  • Xiamen University Malaysia Campus
  • Monash University Malaysia
  • The University of Nottingham Malaysia Campus
  • De Montfort University
  • Heriot-watt University Malaysia
  • Manipal International University

Local University Branch Campus

  • Taylor’s University College
  • Sunway University College
  • Inti International University College
  • Limkokwinf University of Creative Technology
  • University College Sedaya International

International School

  • Alice Smith School
  • Australian International School
  • French School
  • Say fol International school
  • International School of Kuala Lumpur

Eligibility

The MM2H programmed is open to all countries recognized by Malaysia but the programmed has numerous requirements. These requirements include a minimum monthly income, minimum liquid assets, a fixed deposit, plus various other rules. The exclusion of foreign spouses of Malaysian citizens was removed in February 2009 and they are now allowed to apply for the MM2H visa. It’s encourage through an approved government agent by the Ministry of Tourism. These companies have the initials “MM2H” in the company name.