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MM2H programme generates substantial revenue for Malaysia's economy

Feb 14, 2026, 3:30 PM10
(Update: Feb 14, 2026, 3:30 PM)
country in Southeast Asia
people from Singapore

MM2H programme generates substantial revenue for Malaysia's economy

  • The MM2H programme generated RM3.87 billion for Malaysia's economy as of February 2026.
  • It received 14,535 applications, with China contributing the largest number.
  • The programme is crucial for maintaining Malaysia's appeal as a second-home destination.
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Malaysia has witnessed a significant economic boost through the Malaysia My Second Home (MM2H) programme, which generated RM3.87 billion (S$1.25 billion) by the end of 2025. This initiative has gained strong interest from various countries, most notably China, which has contributed the highest number of applications. The Ministry of Tourism, Arts and Culture disclosed this achievement during the MM2H Appreciation Night on February 13, 2026, recognizing the efforts of 252 licensed operating companies and their strategic partners in promoting the programme. As part of the announcement, it was revealed that since the revised policy's implementation in June 2024, there have been a total of 14,535 applications, with 5,239 principals and 9,296 dependants. The nations showing the most traction in applying for MM2H included China, Taiwan, Hong Kong, and also notable interest from Singapore, the United States, and the United Kingdom. The programme has not only provided a pathway for individuals seeking to reside in Malaysia but also supported the local economy through various financial contributions related to participation fees, fixed deposits in local banks, and property investments. Out of the total revenue generated, RM1.5 billion is attributed to property investments, which is expected to further increase with participants in the process of purchasing homes. This is vital for Malaysia's aims to create a sustainable and attractive environment for foreign residents, which enhances the nation’s standing as a safe and competitive second-home destination. The ministry emphasized the importance of cooperation among various stakeholders, including the Immigration Department, police, and banking and property sectors to maintain this status. The MM2H programme has not only been financially beneficial but has also strengthened Malaysia’s international relations and tourism appeal. The encouragement to licensed operators who haven't secured applications to enhance their outreach reflects a proactive approach to global promotion. The expansion of strategic collaborations, including an MOU signed with the Bank of China during the event, demonstrates a commitment to enhancing financial and supportive frameworks for prospective participants in the MM2H programme.

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