Relocation agent says he hopes relaxed conditions will lead to more affordable options for applicants.
A relocation agent said current restrictions have crippled sales for the MM2H residential programme for foreigners.
Yap, who is managing director of a relocation agency, said foreign retirees would be unable to meet the requirement of a RM40,000 monthly income, “even if they make money out of rented properties or share dividends”. The MM2H programme, introduced in 2002, is aimed at attracting wealthy foreigners to live in Malaysia and contribute to the economy through their high purchasing power or niche skills.
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