Kuala Lampur, Dec. 1 -- Hong Kong residents who have chosen to move to Malaysia are drawn to this country as their second home for reasons such as property prices that can be five times cheaper and a less stressful environment to live in, financial paper The Edge's property portal EdgeProp.my has reported.

The report cited 50-year-old Hongkonger Johnny Yue as an example, where he was inspired to move to Malaysia after visiting Kuala Lumpur for a conference last year and after four subsequent visits with his wife and daughter aged 10.

Yue reportedly received approval under the Malaysia My Second Home (MM2H) 10-year renewable visa programme after applying for a year, with his family managing to locate a 1,700 sq ft condominium near Kepong...