Lifting foreign property investments | The Star

PETALING JAYA: The proposal to ease conditions for the Malaysia My Second Home (MM2H) programme is set to help boost foreign real estate investments and potentially address overhang issues in the country.

Savills Malaysia Sdn Bhd group managing director Datuk Paul Khong said easing the move is set to encourage the arrival of foreign investors and tourists.

“The government has agreed to ease the MM2H terms to a more favourable and competitive position to attract tourists and foreign investors to Malaysia again by revising the guidelines accordingly.

“This is helpful to bring more foreigners back to our shores and will provide a positive impact on the real estate market,” he told StarBiz.

However, Khong noted that the revised stamp duty for foreigners buying real estate in Malaysia has been…