Malaysia’s MM2H Program Generates $983 Million in 2025

Malaysia’s My Second Home (MM2H) program generated nearly $983 million in economic value in 2025, according to official figures released by the country’s Tourism Ministry.

Authorities reported 3,172 approved applications during the year, representing 9,038 participants including dependents.

The figures signal a significant rebound for the residency program following reforms introduced in recent years.

Fixed Deposits and Property Drive Program Value

The largest share of economic impact came from fixed deposits placed in Malaysian banks, which totalled approximately RM2.35 billion ($596 million).

Residential property purchases accounted for another RM1.51 billion ($383 million), while participation fees contributed RM13.86 million ($3.5 million).

Together, these inflows brought the total estimated value generated by the program to RM3.875 billion, equivalent to around $983 million.

Silver Tier Dominates Approvals

Most applicants entered through the Silver category, which represented 2,650 approvals, or roughly 83.5% of all applications.

The remaining approvals were distributed across other program tiers:

• Special Economic and Financial Zone category: 322 approvals
• Gold tier: 154 approvals
• Platinum tier: 46 approvals

The Silver tier requires lower financial commitments compared to the upper categories, making it the most accessible route for applicants.

Program Rebound After Earlier Policy Changes

The strong 2025 figures reflect a recovery for the program after the 2021 overhaul, which significantly tightened eligibility requirements.

At that time, authorities raised the minimum deposit requirement to RM1 million, introduced a monthly offshore income requirement of RM40,000, and increased the minimum applicant age to 35. Applications subsequently declined sharply.

Malaysia later revised the framework, introducing Silver, Gold, and Platinum tiers with different investment thresholds and removing the mandatory offshore income requirement.

The latest approval figures suggest that demand for the program is now strengthening again under the revised structure.