Im 40, with a lot of HDB loan, but the workplace people b*s* drama, low salaries, and high-living costs really make me so blue and down... so im seriously thinking of renting out my hdb, and use the money to repay the loan, and use the balance to rent and live in JB, so that i dun have to worry about work/job again.
This budget is enough for me as I am a single. I watched other videos on budgeting and they are suggesting a ballpark figure of USD 1k per pax for survival
A msian working and living in Din. Interested to look at properties available for msians, which are safe, easy enough to transit JB-Sin, other usual criteria. Which areas do you recommend?
R&F Princess Cove is my first choice because easy access to Singapore, convenient to live and in the heart of JB city center. Whatsapp me at 81261626 for details
Hi Ryan, Ref: to the MM2H Silver scheme, which expires after 5 years. Upon renewal, do u need to top up another RM500,000 ? In the event, if u choose not to renew after 5 years, can u take back the balance of the deposit ? Thanks
The Malaysian Immigration is rather hostile when they see that you’re going in Malaysia quite often. According yo them we are on social visit pass and not supposed to rent/ stay in Malaysia . So think twice before making the decision to rent/ retire in Malaysia. The govt agencies doesn’t sync. You can rent but the immigration will give you a hard time. Same case if you were to buy a house there.
I excluded those coz medical probably case by case basis. But if you hv monthly prescriptions, in MY that's not pricey, maybe RM100-200 per month max. Also if you retired, I assume you ard cleared your insurance plans earlier?
Im 40, with a lot of HDB loan, but the workplace people b*s* drama, low salaries, and high-living costs really make me so blue and down... so im seriously thinking of renting out my hdb, and use the money to repay the loan, and use the balance to rent and live in JB, so that i dun have to worry about work/job again.
if you intend to spend majority of your time in Malaysia, you need a visa to live in Malaysia too
Stay at R F Princess only if you need to go to SG very often. Retirees can stay in other areas with amenities near JB town, near Mount Austin, etc....
Yes that's true
Rent need not be RM3000 per month, can get by on RM2000 per month; Grab 8 trips per week will be RM320/mo or just budget RM600/mo instead of RM1200/mo
Sure depends on where you rent and how big
can lah.....just do it. I'm Singaporean retire in Malaysia Ipoh for close to 11years. SGD2K is more then enough. Just enjoy.
I'm sure 2k sgd can live very well in Ipoh
there is typo error 1 pax should be 3880 not 3380
ah damn haha. TQ for pointing that out 😅
Should be enough if one doesn't have housing mortgage but this may not leave much for emergencies or much luxuries.
Yes this a basic day-to-day budget. You should have set aside extra for emergencies and have a ready insurance plan for heavy medical
This budget is enough for me as I am a single. I watched other videos on budgeting and they are suggesting a ballpark figure of USD 1k per pax for survival
I think on a shoestring budget basis this should be enough. But ya USD1k will give more allowance
Enough when healthy and strong. Not enough when you're sick and diseased. Thanks
Yes. If have medical conditions, you have to build that in extra
A msian working and living in Din. Interested to look at properties available for msians, which are safe, easy enough to transit JB-Sin, other usual criteria. Which areas do you recommend?
R&F Princess Cove is my first choice because easy access to Singapore, convenient to live and in the heart of JB city center. Whatsapp me at 81261626 for details
This is the "now" cost. With yearly inflation, 10 years later will not be enough.
Yes inflation will eat into all budgets eventually
what has been the real price inflation in JB over the last 20 30 years? not the official figures, but the real costs increases.
About 4%
CPF life monthly payout should be from 65 not 55
ah yes my bad. Should be 65
Hi Ryan,
Ref: to the MM2H Silver scheme, which expires after 5 years. Upon renewal, do u need to top up another RM500,000 ?
In the event, if u choose not to
renew after 5 years, can u take
back the balance of the deposit ? Thanks
No need top up at renewal. Yes you will take back your deposit if you do not renew
if i retired, i want to splurge weekly. durian, spa, accupunture. think RM3700 per month not enough. haha.
Of course haha. I mean everyone lifestyle different
Counting down the days
Nice
The Malaysian Immigration is rather hostile when they see that you’re going in Malaysia quite often. According yo them we are on social visit pass and not supposed to rent/ stay in Malaysia . So think twice before making the decision to rent/ retire in Malaysia. The govt agencies doesn’t sync. You can rent but the immigration will give you a hard time. Same case if you were to buy a house there.
If you spend more than half your time in JB, advisable to get MM2H. The relaxed one will be announced soon. Try apply MACS also for automatic clearing
The same with any other country - even in Singapore.
Healthcare expense, especially for expats/retirees (private medical plan, etc)?
I excluded those coz medical probably case by case basis. But if you hv monthly prescriptions, in MY that's not pricey, maybe RM100-200 per month max. Also if you retired, I assume you ard cleared your insurance plans earlier?