Is the Malaysia Second Home project really worth it, as you need to save money, buy a house, and live for 90 days a year
But it is precisely this "highly questioned" Malaysia's second home project that is the preferred identity planning choice for countless Chinese families.
What kind of magic does it have? Today, let's take this topic to comprehensively understand the advantages and disadvantages of the project, as well as its suitability for the target audience.
01
First, understand the project:
What is Malaysia's Second Home?
In short, this is a project to obtain a long-term residence visa - to give foreigners a "qualification to live in Malaysia for a long time", which can last up to 20 years and can be renewed upon expiration.
From the "Silver Hair Ethnic Group Plan" (only for retirees) in 1996 to the "Second Home" (open to all adults) in 2002, Malaysia has a clear goal: to attract foreigners to drive real estate and consumption.
For the Chinese, its "attraction" is very real:
① 70% of the population is of Chinese descent, and Chinese is widely spoken. The atmosphere during the Spring Festival and Mid Autumn Festival is even stronger than in China;
② Close distance (3 hours flight from Guangzhou to Kuala Lumpur), low cost of living (enough to eat for 20 yuan per meal);
③ Compared to investment immigration in Europe and America, which often amounts to millions, the threshold here is more friendly.
02
4 application categories:
From 'civilian style' to 'wealthy style'
According to the funding threshold, there are four categories to choose from as needed:
★ Silver level: Residence for 5 years, deposit of 150000 US dollars, purchase of property worth 600000 Malaysian Ringgit or more;
Core advantage: The purchase is not limited to any specific area and is the most popular.
★ Gold level: Residence for 15 years, deposit of 500000 US dollars, purchase of property worth over 1 million Malaysian Ringgit;
Core advantage: Long visa period, suitable for medium and long-term planning.
★ Platinum level: Residence for 20 years, deposit of 1 million US dollars, purchase of property worth 2 million Malaysian Ringgit or more;
Core advantages: Able to work and do business, exclusive to high net worth individuals.
Iskandar Special Zone: Residents aged 21 to 49 who have resided for 10 years have a deposit of 65000 US dollars, while those aged 50 and above have a deposit of 32000 US dollars and have purchased properties worth over 500000 Malaysian Ringgit (Forest City);
Core advantage: Lowest threshold, suitable for those with limited budget.
be careful! All categories have "hard rules" - the house cannot be sold within 10 years (unless it is replaced with a more expensive one), only half of the deposit can be withdrawn (the other half needs to be frozen), and living for at least 90 days per year (the whole family can accumulate, and children's education can naturally meet this requirement).
03
5 reasons for choosing:
What are the core advantages of the Second Home project?
? Three generations of the family can easily obtain identity
The main applicant can apply together with their spouse, children, or even both parents. This "family bucket" model is too fond of Chinese "reunion" - the elderly can also come to help bring children without separation of husband and wife.
? Double springboard for children's education
Local international schools offer high cost-effectiveness (annual fees range from 50000 to 150000 yuan, which is half the price of similar schools in China). Their academic qualifications are recognized by the UK and the US, and children who have lived in Malaysia for at least 2 years can return to China as "overseas Chinese students" to take the college entrance examination. The score line is 100-200 points lower than the regular college entrance examination, making it easier to get into 985/211 universities.
? Spending money 'without loss'
The annual deposit interest rate is 4% (higher than most domestic wealth management), the house is a permanent property right (with a clear comparison of 70 year property rights in China), and it can also be rented out to earn income. Overseas income is tax-free, making it suitable for global asset allocation in Malaysia.
? Living without pressure
Stay for 90 days per year, with an average of 7-8 days per month. If the child is studying there, the parents will naturally meet the standards when accompanying them, and there is no need to deliberately "brush the days".
? Seamless Connection in Life
Chinese language proficiency and similar dietary habits allow elderly people to quickly adapt without having to readjust to language and culture.
04
4 Choice Suggestions:
Is the Second Home project suitable for oneself
If you meet the following criteria, you may consider:
① I want to plan an "overseas identity" for my whole family, with a budget of 500000 to 1 million yuan;
② Children's education needs to be planned (such as for overseas Chinese students who want to take the college entrance examination or low-cost international schools);
③ Want to allocate overseas assets (value permanent property rights, low tax rates);
④ I like Malaysian life (climate, culture, distance are all acceptable).
For those seeking residency and children's education planning, the Malaysia Second Home project is a cost-effective and highly attractive option that meets the triple needs of "family+education+assets", which is enough to be "fragrant"!
If you are interested in applying, please feel free to inquire with Xingyunhai International, and we will provide you with customized exclusive solutions.
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