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 More than half of MM2H participants not renewing, bye bye $$$

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Chartry
post Oct 1 2021, 12:35 AM

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Joined: Jan 2005



QUOTE(kidmad @ Sep 30 2021, 03:24 PM)
at this point I'm just really sad to be honest but at the same time it's the few fools who still don't see what's wrong with the policy which agitates me..

if the people themselves can't be united it's just so easy for these political group to gain and upper hand and will continue to lead us to 'Holland'. yet some don't see it.. and they calling it a good move.

linking them to property price home it's stupid.. comparing them with visa tightening in Thailand is just ridiculous. I'm really at the point of planning my migration. can just go Aussie and join my cousin brother.
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Too bad, some people like to blame stuffs on foreigners. Property expensive is because of foreigners padahal price floor were introduced to prevent that. Still want to argue last time somebody bought condo in pg for 300k.

Reality is since mm2h were introduced, there were around 3 mil residential property transactions made in Malaysia.

Even if we assume half of mm2h applicants bought a property here, that constitutes only about 0.5% of the total transactions.

Assuming each applicant spends about rm8,000 per month in Malaysia, the direct inflow is RM4 billion per year. Belum kira multiplier effect to the economy when they spend the money locally.




 

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