Please see the link below.  This is going to make new applications much more difficult if what The Star has reported proves to be true.  I wonder also if existing visa holders are grandfathered and also what happens once their visas expire: do they need to meet the new requirements?  Also, do these rules apply equally those under 50 and those 50 and over?

 

I imagine there could be a knock-on impact on property values in certain parts of KL and Penang.

 

I am disappointed personally as I was going to apply immediately based on the old rules: I will now need to rethink.  

 

Watching developments with concern.  

Best wishes

AP

 

https://www.thestar.com.my/news/nation/2021/08/11/malaysia-my-second-home-to-be-reactivated-with-changes-says-home-ministry

This is more detailed and appears bad news for many.

 

https://www.malaymail.com/news/malaysia/2021/08/11/home-ministry-malaysia-my-second-home-programme-to-be-reactivated-in-octobe/1996952

On 8/12/2021 at 3:30 AM, Atomic Punk said:

This is more detailed and appears bad news for many.

 

https://www.malaymail.com/news/malaysia/2021/08/11/home-ministry-malaysia-my-second-home-programme-to-be-reactivated-in-octobe/1996952

Don't worry, there will be a change of government soon. The present PM lost his vote. A new government will have a new home ministry with new plans.

 

By the way, why aren't you considering retiring in Thailand instead of Malaysia? Any particular reason why you prefer Malaysia?