KUCHING: Sarawak Housing and Real Estate Developers’ Association (SHEDA) has called for a quick resolution to the recent suspension of licences of MM2H agents.
SHEDA President, Augustine C.H Wong acknowledged that whilst there may have been reasons behind theimplementation, it was also important that all parties focus on maintaining momentum in elevating Sarawak as an attractive and preferred second home destination.
“SHEDA appreciates that changes in policy are inevitable. However, smooth and seamless transitions from policy to
policy is also crucial in keeping investor confidence,” it said in a press statement Tuesday (June 11).
Sarawak has placed herself at the forefront of the world’s green energy agenda, and this is our opportunity to demonstrate that we are able to operate topnotch processes and procedures as well, he said.
“In addition, revenue generated from the Sarawak MM2H, whether directly or indirectly, is a positive contributor to the economy.”
In a letter dated May 27, MM2H agents were informed by the Ministry of Tourism, Arts and Culture that they were no longer allowed to accept new applications even though their licences were still valid.
Although existing SMM2H applications are allowed to continue through the process, SHEDA is concerned that the interruption
in new applications may divert interest and resources to other countries, and appealed that permission to process new
applications will be restored soon.
SHEDA welcomed the reported comment from federal Minister, Datuk Seri Tiong King Sing, namely that authority over future Sarawak MM2H agency permits would be delegated to Sarawak.
“SHEDA has utmost confidence that the Premier of Sarawak, Datuk Patinggi Tan Sri Abang Johari Tun Openg, as well as the Minister of Tourism, Creative Industry and Performing Arts Sarawak, Datuk Seri Abdul Karim Rahman Hamzah, will defend and reclaim Sarawak’s interests as enshrined under the Malaysia Agreement 1963,”it said.
