3 thousand 604 Bangladeshis have built a second home in Malaysia

Logan D Suza

More than 3500 Bangladeshis have built second homes in Malaysia till January 31.

More than 3500 Bangladeshis have built second homes in Malaysia till January 31. Bangladeshis are on the fifth place in the list of citizens of different countries of the world to build second homes in the country.

Malaysia’s Tourism, Arts and Culture Minister Datuk Seri Tiong King Singh revealed the statistics of Bangladeshis who have built second homes under the country’s Malaysia My Second Home (MM2H) programme. He highlighted the statistics of Bangladeshis and other nationals building second homes in Malaysia in the country’s parliament.

This information was given in a report of the country’s local media Malay Mail. It is said that 3 thousand 604 Bangladeshis have built second homes in Malaysia till January 31 of this year, said Datuk Seri Tiong King Singh.

In his written speech to Parliament, Datuk Seri Tiong said that as of January 31, 2024, there are 56,66 active “second home” pass holders in Malaysia. They include Participating Passholders as well as Dependent Passholders.

On March 11, he told the country’s parliament that Chinese citizens are at the top of all in building second homes in Malaysia. 24,765 Chinese nationals in the country have Malaysia My Second Home passes. Australia is second on the list; This number of the country is 9 thousand 265 people. 4 thousand 940 people from South Korea, 4 thousand 733 people from Japan, 3 thousand 604 people from Bangladesh and 2 thousand 234 people from the United Kingdom.

According to the Malay Mail report, in addition to this program, there are more than 1,000 MM2H pass holders from Taiwan, the United States, Singapore and India. In December 2023, the Malaysian government introduced reforms to the second home program. At that time the program was divided into three levels.

Under this new system applicants are divided into different groups on the basis of merit. The country’s government then said the MM2H program would have a one-year trial period after initial application. Later other conditions will be reviewed and adjusted in the program. In the new system, the age limit for applicants is fixed at 30 years or above.

The main purpose of the three-tiered system was to divide the applicants on the basis of financial ability. These three levels are – Platinum, Gold and Silver. Under the new rules, applicants under the platinum level must have a fixed deposit of 50 lakh ringgit, 2 million ringgit for the gold level and 5 lakh ringgit for the silver level. Apart from this, the selected participants of all levels are required to reside in Malaysia for a total of 60 days per year.

Related Articles

Back to top button