Associations have called on the government to revert Malaysia My Second Home (MM2H) initiative to the Tourism, Arts and Culture Ministry (Motac) to resolve the various issues surrounding the programme.

While most economists see no further overnight policy rate (OPR) hikes by Bank Negara Malaysia for the remaining three monetary policy meetings in 2023, CGS-CIMB Research sees the possibility of another increase in the second half of this year.

Noteworthy:

• Leasehold
• Built-up size: 6,500 sq ft
• Land size: 4,080 sq ft
• 6 bedrooms, 6 bathrooms
• Unfurnished
• Nearby amenities : PLaza Low Yat, Ampang Point Shopping Mall, hospitals, international schools, convenience stores, F&B outlets
• Accessibility:  EKVE highway, SPE highway, Federal highway

When: January 2023

Bank Negara Malaysia (BNM) has raised the overnight policy rate (OPR) by 25 basis points (bps) to 3%, as the central bank believes the global economy continues to be driven by resilient domestic demand.

Noteworthy:

• Leasehold
• Built-up size: 3,800 sq ft
• Land size: 3,800 sq ft
• 5 bedrooms, 5 bathrooms
• Semi-furnished
• Nearby amenities: Wangsa Walk Mall, Melawati Mall, Ampang Point Shopping Centre, AEON Big, hospitals, international schools, convenience stores, F&B outlets, LRT Sri Rampai
• Accessibility:  DUKE highway, AKLEH highway, MRR2 and Jalan Ampang

When: March 2023

According to Bloomberg as of Tuesday afternoon, 16 out of 18 economists said BNM will keep the OPR at 2.75% — a rate unchanged since November last year.

It has also been decided that a one-stop centre would be created under Motac to promote, filter and streamline MM2H applications. 

Penang Chief Minister Chow Kon Yeow says there is no need to debate the issue of the Penang South Islands (PSI) project, as it has gone through a long process of up to eight years before successfully obtaining the approval of the Environmental Impact Assessment Report (EIA) on April 11.

Prime Minister Datuk Seri Anwar Ibrahim on Friday (April 28) said the government is ready to listen to the concerns and objections raised by local fishermen regarding the Penang South Islands (PSI) reclamation project.

Hong Leong Investment Bank (HLIB) Research said property developers with projects in Singapore could experience resilient local demand despite the new rate for the republic's Additional Buyers’ Stamp Duty (ABSD).