Does Country Garden Forest City have the right of abode in Malaysia for ten years after buying a house?

No, it's just possible to get a social visa for multiple entry into Malaysia. According to official website, Malaysia's Second Home Program (MM2H), the Second Home Program is a program promoted by the Malaysian government, which allows foreigners who meet certain conditions to obtain multiple entry social visas for long-term residence in Malaysia. The multiple-entry social visa is valid for 10 years and can be renewed.

However, the scheme has strict restrictions on the applicant's financial situation. Applicants need to prove that their monthly income outside Malaysia exceeds RM 654.38+00,000 (about RMB 654.38+0.6649).

At the same time, applicants under the age of 50 need to prove that they have liquid assets of RM 500,000 (about RMB 830,000), while applicants over the age of 50 need to prove that they have liquid assets of RM 350,000 or more, and they need to deposit a certain amount of time deposits, which will last until the end of the plan.

However, applicants who purchase real estate projects in Malaysia can be an exception. If the applicant purchases real estate with a value of at least RM 6,543.8+0,000 (about RMB 6,543.8+0,600), the new applicant will be allowed to deposit a lower amount of time deposit at the time of application.

Because this visa can be renewed many times, many buyers think that this status represents permanent residency in the publicity process. Up to now, the sales of forest city projects have never issued any permanent residence certificates to buyers. On the other hand, the official website of Forest City still regards "immigration status" as an important slogan.

In short, the second home is not an immigration plan, but a plan that may be able to obtain a multiple-entry social visa for Malaysia.

The multiple-entry social visa is valid for 10 years, but it is also limited by the validity of the passport, and can be renewed at the end of the validity period.