MM2H reopens despite lack of clarity
Au pointed out that the recent revised terms and conditions of MM2H still have many questions unanswered.
Melaka’s famous Capitol Satay Celup Restaurant to close permanently in November
The restaurant first started on a tricycle and grew to become one of Melaka’s staple eateries located along Lorong Bukit Cina
DONE DEAL: Double-storey terraced house at Taman SEA, Petaling Jaya, Selangor
Noteworthy:
● Freehold
● Built-up: 2,000 sq ft
● Land size: 1,754 sq ft
● Three bedrooms, three bathrooms
● Semi-furnished unit with alarm system
● Gated-and-guarded community
When: April 2021
Sime Darby Property and LOGOS SE Asia establish fund management platform to develop industrial and logistics assets
The collaboration aims to raise US$200 million (about RM850 million) in seed money from accredited and institutional investors to finance the planned development of industrial property at Bukit Raja in Klang, Selangor
Impiana Hotel to develop Impiana Cherating with a GDV of RM380m
Sitting on a 30-acre beach front land, Impiana Cherating will be developed in three phases and is expected to be completed by 2023
Nazri calls for MM2H scheme to be ‘reinstated’ under MOTAC
Padang Rengas lawmaker Nazri Abdul Aziz is also of the view that MM2H participants were not “security threats” and did not warrant “close scrutiny” by the Home Ministry.
Report: 1,822 MM2H participants left the country for good between 2015 and 2019
Of this figure, 920 were from China
MM2H: Coordination among agencies has to be enhanced, absence of letter of good conduct revealed - Auditor-General's Report
The audit found that no letters of good conduct were found for 107 dependents of 59 participants as the rules did not stipulate that the letter had to be submitted and that no other method was used to verify the dependents were free from criminal misconduct in the country of origin.
DONE DEAL: Factory at Taman Perindustrian Puchong, Puchong, Selangor
Noteworthy:
● Leasehold
● Land size: 66,000 sq ft
● Unfurnished
● Large open space of 900 sq ft
● Easily accessible via Damansara-Puchong Highway (LDP), Shah Alam Expressway (KESAS), South Klang Valley Expressway (SKVE) and North–South Expressway Central Link (ELITE)
When: May 2021
VPEX 2021 webinar EP 2: Engage the professionals – knowledge is key before purchasing property
Don’t do it on your own! Use the services provided by the experts.
