Japanese tops foreign nationals under Malaysia My Second Home programme
Malaysia's political stability and economic growth have attracted many Japanese to make the country their second home.
The Malaysia’s strategic location, quality of life with a relatively cheaper cost of living as well as the availability of advanced medical/healthcare have made Malaysia a residential site of choice to foreign nationals particularly, the Japanese.
Based on data from the Malaysia My Second Home (MM2H) Centre, the number of Japanese applicants under the MM2H programme had increased from 195 in 2010 to 423 last year while a total of 787 Japanese applications were approved from 2009 to 2011.
The earthquake and tsunami that struck Japan in March last year was an added push factor for Japanese to relocate to Malaysia.
According to Japanese Ambassador to Malaysia, Shigeru Nakamura, there are now some 1,000 couples who have made Malaysia their second home.
Japanese senior citizens have shown increased interest to live in Malaysia, following the invite by Minister of Tourism, Datuk Seri Dr Ng Yen Yen, to make Malaysia their second home.
The number of approvals for Chinese nationals had also increased to 405, making China the second largest source for MM2H programme. As of March 2012, a total of 18,090 foreigners had been approved to participate in MM2H.
Meanwhile, Real Estate and Housing Developers Association President, Datuk Seri Michael Yam said as Malaysia has many Japanese expatriates working in the country, these expatriates would probably thought that Malaysia was a good place to retire having amenities such as Japanese schools and condominiums that offer a comfortable lifestyle for the community, among others.
Adapted from NST Business Times 15 June 2012
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