Johor’s property overhang: is reviewing MM2H the answer?

[superadmin]

ISKANDAR PUTERI – The problem of residential property overhang in Johor is so heavy that even improving the terms of the Malaysia My Second Home (MM2H) programme may not solve the situation.

Among the reasons for this, said a property expert, is a condition imposed on foreign house buyers, including those with MM2H status, that limits their purchases to properties worth a minimum of RM1 million each.

“Although it may vary in different states, this is the condition set in Johor,” said the expert who spoke to The Vibes on condition of anonymity.

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