Question : What should I do if I wish to withdraw from participating in Malaysia My Second Home (“MM2H”) program and I wish to withdraw my Fixed Deposit in lien under the program?

Question : What should I do if I wish to withdraw from participating in Malaysia My Second Home (“MM2H”) program and I wish to withdraw my Fixed Deposit in lien under the program? 

MM2H is promoted by the Government of Malaysia to allow foreigners who fulfil certain criteria, to stay in Malaysia for as long as possible on a multiple-entry social visit pass. However sometimes good things must come to an end. 

In order to withdraw from the program, the documents need to be submitted to the Ministry of Tourism and Culture Malaysia (“MITCM”) in Putrajaya are as follows: -

a)       Letter to MITCM of your intention to withdraw from MM2H program;

b)       A copy of your passport together with the visa;

c)       A copy of the letter of approval from “Jabatan Immigresen Malaysia”;

d)       Copy of the Fixed Deposit Certificate with the Bank;

e)       A copy of the flight ticket from Kuala Lumpur to the country you wish to return;

Next step: -

Submit the above mentioned documents to: -

Kementerian Pelancongan dan Kebudayaan Malaysia
(“Ministry of Tourism and Culture Malaysia)
Aras 1, 4-5 10-15, 17 & 18
No. 2 Menara 1, Jalan P5/6
Presint 5
Pusat Pentadbiran Kerajaan Persekutuan
62200 Putrajaya
Malaysia

Phone Number : 03-8000 8000
Fax Number : 03-8891 7100

It is suggested when you submit your documents to MITCM, on the same day, go to the Immigration Unit MM2H Centre at Level 10, No. 2 Tower 2, Jalan P5/6 Precinct 5, 62200 Putrajaya (which is in the same building as MITCM) to submit your application to terminate your Social Visit Pass under the MM2H program. The documents required are similar.

Once the application is submitted, provided the application and documents are in order, MITCM with write a letter directing the Management of the Bank to allow you to withdraw your fixed deposit with interest earned PROVIDED you can show proof that your Social Visit Pass under the MM2H program has been terminated by the Immigration Unit, MM2H Centre at Level 10, No. 2 Tower 2, Jalan P5/6 Precint 5, 62200 Putrajaya.

Once the letter from MITCH is issued, proceed to the Bank with the letter and Fixed Deposit Certificate to withdraw the Deposit.

Question: Where can I find an affordable property in Kuala Lumpur near a school?

Question: Where can I find an affordable property in Kuala Lumpur near a school?

There is a property in Kuala Lumpur called Vista Tasik Condominium (“Vista Tasik”) which is: -

6 minutes away (walking) from SMK Seri Permaisuri (one can see this school from Vista Tasik);

20 minutes away (walking) from SM Sains Selangor;

30 minutes away (walking) from SMK Cheras;

5.8 km away from Sekolah Kebangsaan Kampung Cheras Baru;

4.2 km away from Sekolah Kebangsaan Taman Midah;

5.9km away from SJK(C) Chung Kwo;

4.4 km away from SJK (C) Tai Thung, Salak South.

10.7 km away from SJK(C) Jalan Davidson.

(Source from Google Maps)

Other Highlights to consider: -

The Property is freehold. It is quite rare to find freehold property of this type in KL.

There are plenty of school within 10km around Vista Tasik.

University Kebangsaan Malaysia Medical Centre is only 2.2kms away.

Taman Tasik Permaisuri and the KL Football Stadium is only 2.3kms away. If you wish to watch a football match in KL, one can actually walk from Vista Tasik to KL Football Stadium as it is only 25 minutes away on foot.  

There are only 320 units in Vista Tasik and the condominium is only 5 stories high (with lift).

It is a low rise (5 stories) condominium, hence low density.

Vista Tasik is only 9.6kms away from Mid Valley Mega Mall.

Selling Price as at January 2019.

According to the property sites, for a unit measuring 1,100 square feet it is selling for RM608,000.00, which come up to approximately RM552.73 per square feet.

Facilities

Swimming pool, Playground & Squash Court.

Downside

There is only one parking per condominium unit.

People who would wish to consider purchasing Vista Tasik

Family with school going children may wish to consider purchasing Vista Tasik due to the various school around the area.

Medical practioners who work in University Kebangsaan Malaysia should also consider Vista Tasik as it is 25 minutes (walking) away from the hospital.

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