HLIB Research said the revised conditions are expected to renew interest in MM2H and this could positively impact the property sector, especially on the high-end segment.
“We understand that developers and foreign property purchasers alike have been adopting a wait-and-see approach pending the announcement from government on the new MM2H conditions. HLIB Research upgraded its outlook for the property sector to “overweight” from “neutral”, citing the sector had entered a new cycle.
HLIB Research noted that the conditions under the SEZ-SFZ category, which restricted MM2H holders to purchase property only from the primary market, would be positive for the Forest City development, a designated SFZ area, in Johor.
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