Your next home could be in Malaysia. A large number of foreigners move to or retire in Malaysia through Malaysia My Second Home (MM2H). What do you do with your disposable income? Well, for those of you who love traveling and think of keeping the price factor down a bit as well as make a good investment, you may not have to look too far.

Traveling abroad is these days akin to visiting your second home. In the last two years, around 500 Indians, a number of whom are said to be agriculturalists from Chandigarh and the northern region, have registered themselves for the ‘Malaysia my second home’ (MM2H) pursuit that is being sponsored by the Malaysian government.

With MM2H scheme, the Malaysian government allows tourists to formulate into the country’s property Invetsment Market. Corporeal’s smooth, virtuous pick a homely (either magnetism the emotions of the corner or an island), pick your price (upwards of Rs 18 lakh) and voila! You have a central for yourself. Absorbing, for the prevailing property prices fame Mumbai, Delhi, Bangalore, Kolkata and Chennai won’t fetch you a decent familiar for as low as Rs 20 lakh.
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Malaysia My Second Home (MM2H) is a programme introduced and promoted by the Malaysian Government. MM2H programme launched by Malaysia government to encourage and welcome foreign citizens to stay in Malaysia. MM2H programme open to all foreign citizens over the world except those from Israel, Yugoslavia & Montenegro.

MM2H participants allow to stay for long term on a Social Visit Pass with a renewable multiple entry visa valid for 5 years, and soon to be extended to 10 years. Holders of Expatriate Pass (Work Permit) and their dependants are not eligible to apply for MM2H unless they give up their work permit as well as holders of a Student Pass.

However, this MM2H programme does not entitle a permanent resident status and successful applicants are strictly forbidden from being employed anywhere in Malaysia unless approved by the government or to participate in activities such as political, missionary activities or anything which are provocative, instigative or considered sensitive to the local people and threat to national security of this country.
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Setia Sky Residences is another new project by SP Setia. 5/95 Home Loan package launched by SP Setia getting good result while the world market getting  effected by economy crisis. SP Setia property developer not only getting good respond property in Malaysia, SP Setia started develop their business in Singapore and Vietnam.

New projest – Setia Sky Residences condominium in Kuala Lumpur that will be launched next month,April y2009. Setia Sky Residences is located along Jalan Tun Razak on a 2.43ha site and will comprise four 39-storey tower blocks, with each block containing 211 condos.

In April, only first two towers will be launched. Setia Sky Residences condominium lauch at an average selling price of RM680 per sq ft. Both towers are expected to be completed in 2012.

Setia Sky Residences condominium Setia is the first high-rise project in the Kuala Lumpur city centre by SP Setia. Setia Sky Residences condominium has a gross development value of RM800mil, Setia Sky Residences condominium estimate has positive response.
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Property market demanding is Malaysia consider average status. Penang property market may drip ~10% in y2009. Penang International Property Expo or PIP 2009 is an annual showcase that attracts quality exhibitors and genuine players in the property scene. This might help to reduce period of time for property market to be rebound.

There is good responded for Malaysian International Property Expo 2009 (MAPEX 2009) which held on Mid Valley Exhibition Center 6th Mar 2009 – 8th Mar 2009 (10am – 9pm). The next Property Expo is Penang International Property Expo held on 27th~29th March (11am – 9pm) at Penang International Sport Arena (PISA). Read more »