KOTA KINABALU : Parti Warisan (Warisan) is proposing Sabah-Malaysia My Second Home (MM2H) programme, similar to Sarawak-MM2H initiative to make Sabah more attractive for highly skilled foreign professional with advanced and specialized skills to live, work and invest in Sabah.
Warisan Vice President, Datuk Junz Wong pointed out that Sabah Law Society President, Roger Chin had on September 2nd last year, proposed for Sabah’s very own MM2H program to safeguard the special interests of Sabah.
According to Junz, this proposal is in line with Warisan’s aspiration to fulfil the clauses under the 1963 Malaysia Agreement (MA63), giving Sabah the power to control the entry and residence of non-Sabahans into the state.
“Creating Sabah-MM2H not only provides an avenue for foreign talents to develop Sabah’s lagging economy, but this will also attract more foreign investors to Sabah’s
which is blessed with a plethora of unspoiled nature ranging from mountains, islands, beaches and land,” he said in a statement released here today.
Junz who is also Tanjung Aru assemblyman said Warisan also aspires to provide more
affordable housing schemes in Kota Kinabalu, Tawau and Sandakan.
“We acknowledged that residential property market recorded substantial price increases since 2009.
“In this respect, Warisan would like to offer affordable housing schemes with facilities such as grocery store, morning market, school, clinic and free shuttle bus service in the areas of Api Api Centre, Kota Kinabalu, IJM Batu 6 in Sandakan and Bandar Tawau for the convenience of Sabahans,” Junz said.
He also noted that 1,461 participants have decided to pull out of the MM2H programme between September 2021 and June this year.
“This is a matter of grave concern as the number of people who withdrew from the programme is 5.5 times bigger than the 267 new applications received by the Immigration Department for the MM2H programme between Sept 16, 2021 and June this year,” he asserted.
Junz contended that with more stringent requirements placed under the MM2H,
noticeably the bump in financial requirements of RM40,000 monthly income or equivalent (RM10,000 previously), and RM1,500,000 in liquid assets (up to RM500,000 previously), more foreigners will be discouraged to stay in this country on a long-term basis either for retirement purposes or professional career.
Junz further said that even though the Prime Minister’s Special Envoy to the People’s Republic of China, Datuk Seri Tiong King Sing, mentioned in May that the Sabah state government during Warisan time had passed new MM2H regulations, there is no related announcements from current Chief Minister Datuk Seri Panglima Hajiji Noor, to date.
On the other hand, Sarawak has created its own version under its Sarawak Tourism Board, which is Sarawak-MM2H (S-MM2H) with less stringent requirements and more incentives.