The approval process is suspended, but an application will still be accepted. We don't know if there will be any changes in future. However, if you want to apply for the visa, just go ahead and do it. There is no reason to stop just because they have suspended approvals. They will continue the approval process when they have completed their investigation, etc.
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Is now a good time to submit my Malaysia residency application?
I heard about the Malaysia My 2nd Home program getting suspended. Has it returned? Are there any changes and things I should consider for my application?