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KLCC Condos and the 3 MM2H Tiers: Matching NAC Listings to the RM600,000 to RM2 Million Rules
MM2H requires a home from RM600,000, but foreigners in Kuala Lumpur must buy from RM1 million. Five NAC listings around KLCC, sorted by MM2H tier.
Since June 2024, Malaysia My Second Home (MM2H) has run on 3 main tiers: Silver, Gold and Platinum. Each requires a fixed deposit in US dollars (USD 150,000, 500,000 and 1 million) and a compulsory home purchase with a minimum price of RM600,000, RM1 million and RM2 million. The home cannot be sold for 10 years. Kuala Lumpur adds another layer: foreigners may only buy property priced from RM1 million, so in practice even Silver applicants buy from that level. Five NAC listings around KLCC start between USD 196,000 and USD 387,000. By NAC's estimate, four of them have a smallest unit above the RM1 million line.
Source: EdgeProp (Oct 2025); Conventus Law (Oct 2024); Free Malaysia Today (Feb 2026); Malaysia's Ministry of Tourism, Arts and Culture
In the evening at KLCC Park, the lake fountain at the foot of the Petronas Twin Towers starts its music show while joggers weave past families on the lawn. Within a few kilometres of here sit Kuala Lumpur's most expensive projects, and the place many foreign families choose for a first apartment to go with an MM2H visa. NAC set five KLCC-area listings against the current MM2H rules to see which unit meets which tier. All five carry scores in NAC's Residence Index.
MM2H After 2024: Deposits in Dollars, Homes in Ringgit
Tourism Minister Tiong King Sing announced the new framework in June 2024. As the New Straits Times reported, principal applicants must be at least 25, place a fixed deposit of USD 150,000 for Silver, USD 500,000 for Gold and USD 1 million for Platinum, and spend at least 90 days a year in Malaysia. New participants can no longer apply for permanent residence.
Buying a home is compulsory once approved. According to EdgeProp, citing the tourism ministry in October 2025, the minimum purchase price is RM600,000 for Silver, RM1 million for Gold and RM2 million for Platinum, with passes valid for 5, 15 and 20 years respectively. A separate category for Special Economic and Financial Zones (SEZ/SFZ) has a lower deposit of RM500,000.
The official MM2H guidelines add three points. The home cannot be sold for 10 years except to upgrade to a higher-value one. Participants may withdraw up to 50% of the deposit for property, education, medical or tourism purposes. The pass fee is a fixed RM500 a year, renewed every five years.
Chinese Applicants Hold More Than Half of New Visas
As of 31 August 2025, according to a parliamentary reply from the tourism minister, 5,972 people held MM2H visas under the new framework: 2,134 principals and 3,838 dependants. Chinese nationals accounted for 3,414, followed by Taiwan, Hong Kong, Singapore and the United States.
Far fewer have actually bought. Free Malaysia Today reported in February 2026 that 744 participants had purchased property over the past two years, with another 2,637 in process. Chinese buyers took 304 units, Taiwanese 91 and Singaporeans 63. For Vietnamese buyers, that suggests the scheme is still new to money from Vietnam, and no single buyer group has cornered the KLCC projects.
Kuala Lumpur's RM1 Million Floor
Each Malaysian state sets its own minimum price for foreign buyers. According to Conventus Law's October 2024 guide, the Federal Territory of Kuala Lumpur sets it at RM1 million under circular PPTG WP No. 7/2020. Buyers also need state consent, pay a flat 4% stamp duty on the transfer since 1 January 2024, and face real property gains tax of 30% on a sale within five years and 10% after that.
So Silver asks for a home from RM600,000, but in Kuala Lumpur a foreigner must spend at least RM1 million. The floor also keeps foreign buyers away from the part of the market that is oversupplied. EdgeProp's summary of NAPIC data shows 3,668 overhang units in Kuala Lumpur in Q1 2025, concentrated in condos priced at RM200,000–300,000, far below what foreigners are allowed to buy.
The Ringgit and the Price in Dollars
The MM2H deposit is set in US dollars; the property threshold is set in ringgit. According to the US Federal Reserve's annual exchange-rate table, one dollar bought 4.57 ringgit on average in 2024 but only 4.28 in 2025.
View data table
| Item | Value |
|---|---|
| 2018 | 4.03 |
| 2019 | 4.14 |
| 2020 | 4.2 |
| 2021 | 4.14 |
| 2022 | 4.4 |
| 2023 | 4.56 |
| 2024 | 4.57 |
| 2025 | 4.28 |
Source: US Federal Reserve, G.5A Foreign Exchange Rates (Jan 2022, Jan 2023, Jan 2026)
A stronger ringgit makes the RM1 million threshold dearer in dollar terms. By NAC's estimate it equalled about USD 218,600 at the 2024 average rate and about USD 233,600 at the 2025 rate. The Platinum threshold of RM2 million works out to roughly USD 467,000. Dollar prices in this article are the reference prices in NAC's listings; the binding price on a sale and purchase agreement is always in ringgit.
5 NAC Listings Around KLCC, Sorted by MM2H Tier
On Jalan Conlay, The Conlay Signature Suites is a 51-storey freehold serviced-apartment tower by a joint venture of Eastern & Oriental and Mitsui Fudosan, designed by Kerry Hill Architects. Units run from 635 to 3,617 sq ft and the building was completed in Q2 2025. Per NAC's listing data it starts at USD 387,000, roughly RM1.66 million by NAC's estimate, with an estimated 4% gross yield and a NAC score of 76. The smallest unit qualifies for Gold; Platinum would need a larger unit priced from RM2 million.
Silver asks for a home from RM600,000, but in Kuala Lumpur a foreigner must spend at least RM1 million.
Nearby, Oxley Towers on Jalan Ampang comprises three towers of 28 to 79 storeys with a SO/ Sofitel hotel and hotel-branded residences. It is freehold, which is rare at KLCC. Per NAC's listing data it starts at USD 328,000 (about RM1.40 million), with an estimated 5% gross yield and a NAC score of 78, the highest of the five. Delivery is phased by tower, so confirm the specific tower and release.
Golden Crown Residence, also on Jalan Ampang, stands on an embassy-lined boulevard. The 60-storey tower combines a hotel, offices and 490 serviced residences on a 99-year leasehold. Units span 624–1,238 sq ft, including a dual-key layout of about 1,023 sq ft that can be let in two parts. Per NAC's listing data it starts at USD 330,000 (about RM1.41 million), with an estimated 5.5% gross yield and a NAC score of 72. The listing gives completion around Q3 2026, so buyers should ask the developer for the current build status.
None of the five listings starts at the RM2 million that the Platinum tier requires.
In Bukit Bintang, the Pavilion Group's Pavilion Square puts 960 furnished units in a 67-storey residential tower above a retail podium, steps from Pavilion KL. Per NAC's listing data it starts at USD 244,000, about RM1.04 million, right at Kuala Lumpur's floor. It carries an estimated 5% gross yield, a NAC score of 73, leasehold tenure and completion around 2028–2029.
Centrix The Station KLCC is a 47-storey tower built directly above Dang Wangi LRT station, with 857 SOHO and dual-key units, around 80% furnished and an appointed short-stay operator. Per NAC's listing data it starts at USD 196,000 for 571 sq ft, with an estimated 5.5% gross yield, a NAC score of 70 and completion around 2028. In ringgit, the smallest unit comes to about RM839,000, below the RM1 million floor, so foreign buyers should ask the developer which units qualify.
By tier, The Conlay, Oxley Towers and Golden Crown have a smallest unit above RM1 million, meeting both the city floor and Gold. Pavilion Square sits right on the line. Centrix needs a larger unit to qualify. None of the five listings starts at the RM2 million that the Platinum tier requires.
A practical strategy for Vietnamese investors
Choose the tier first, then the unit. The tier sets the deposit, the length of the pass and the minimum home price. In Kuala Lumpur every tier effectively starts at RM1 million.
Read the ringgit price on the contract. Dollar prices are indicative. Currency moves can push a unit above or below a threshold.
Treat the home as a 10-year hold. MM2H bars a sale for 10 years, so a steady yield matters more than a quick capital gain.
Check tenure and timelines. The Conlay and Oxley Towers are freehold. Golden Crown, Pavilion Square and Centrix are leasehold and not yet complete.
Explore on NAC
The Conlay Signature Suites🇲🇾 Kuala Lumpur · from $387KYield 4.0%×OxleyOxley Towers KLCC🇲🇾 Kuala Lumpur · from $328KYield 5.0%Golden Crown Residence🇲🇾 Kuala Lumpur · from $330KYield 5.5%Pavilion Square🇲🇾 Kuala Lumpur · from $244KYield 5.0%Centrix The Station KLCC🇲🇾 Kuala Lumpur · from $196KYield 5.5%See also: All Malaysia projects on the Property Hub · Compare residence programmes
Frequently asked questions
Does MM2H require buying a home?
Yes. Under the framework in force since June 2024, participants must buy a home after approval, priced at no less than RM600,000, RM1 million or RM2 million depending on the tier, and cannot sell it for 10 years.
Why must a buyer in Kuala Lumpur spend RM1 million when Silver only asks for RM600,000?
Two rules overlap. MM2H sets a minimum by tier, while Kuala Lumpur sets a RM1 million minimum for all foreign buyers. The higher of the two applies.
Does MM2H lead to permanent residence?
No. According to the New Straits Times in June 2024, new participants in all 3 tiers are not eligible to apply for permanent residence. Passes are renewable by tier, up to 20 years for Platinum.
NAC strategic insight
From a high floor on Jalan Ampang, the Petronas Twin Towers are close enough to count the glass storeys. From there, the price is in ringgit, the deposit is in dollars and the law asks you to hold for 10 years. For a Vietnamese family, choosing a KLCC apartment really means choosing an MM2H tier first, then finding a unit that clears both thresholds with some room to spare for currency moves.
Malaysia's MM2H programme has several conditions to weigh at once. If you'd like to see which unit and which tier fit your family, book a consultation with NAC.
Sources
- New Straits Times — New MM2H participants not eligible for PR status (Jun 2024)
- EdgeProp — Nearly 6,000 foreign nationals approved visas under revamped MM2H (Oct 2025)
- Malaysia My Second Home — Official guidelines (2026)
- Conventus Law — Strategic guide for foreigners acquiring residential properties in Malaysia (Oct 2024)
- Federal Reserve — G.5A Foreign Exchange Rates, annual (Jan 2026)
