So far all my friends who bought properties in Malaysia regretted it, not just went down in value and currency depreciation, it is also tiring to go back and forth . Be like me , travel everywhere and rent AirBnB and see the world , why restrict on one location
@@royt5618 in the agile and digital age, all we need is a minimum place to stay where we are based but we can be anywhere we want to , Bali, Chiang Mai, Hanoi, Osaka , why restrict oneself to a location. We can do meaningful engagement work as long as we have free cash for coming in which is what I have built over the last 15 years . That to me is the best enjoyment in life and also doing meaningful community work in whatever locations we are in.
Many people forget what Mahathir did some years ago, his government encouraged foreigners to buy malaysian properties, and then jacked it up to minimum 1million, then he tweaked the visa such that those who bought these properties could not even go back into their homes easily. The homes were left empty, unable to rent or sell and then the government changed hands to Najib which resulted in huge corruption scandals that brought down the country's economy causing their homes to become useless JUNK. This kind of nonsense will happen again and again. Same with the clob shares, they simply shut down trading without warning and millions of dollars owned by Singaporeans were lost. LKY's warning is often very accurate, "at the stroke of a pen, they can take it over". And you'll be caught without even your underwear when the tides go down and never come back.
I hav lived in M'sia..kuantan for 2 yrs..cost of living is cheap but it is the loneliness without your family around u to visit n support when u need them make it hard esp when u r a retiree..u need family..bros n sisters..n your children for companionship..to get around if u don't drive n transportation is a problem..i still think life is how u want to live..just live a simple life n spend your days with those u love around u No need to migrate..it cost more money to move n change of lifestyle that u might it difficult to fit in..as u age
I think I'll be a good to try out staying in a rented place in Malaysia for about 6 months or so. Truly experience what is it like to living in there and also traveling in and out for visa reasons. Its prob worth doing this since we are talking about long term retirement plans in any foreign land.
That is true. I was looking at Southern Marina and then someone said they stayed there for a month and at night, supercars are making so much noise. This is something you wont know if u don't try first. Not sure if the night revving of engines are still ongoing.
Yes. I have been mentioning this to anyone who is considering staying in JB and exiting Msia either to SG or anywhere else (visa runs) exploiting the 30days tourist visa. U will run into problems with Msia / Jb immigration officers. Maybe even barred re-entry for months. U need a proper Visa to be able to fully retire in Msia long term.
In Malaysia you maybe face robbery and so far more foreign thrash still can afford to buy condo at JB. At Xingapura those WHITE POLITICIANS are really MAFIA sending unusual cops and doctors to scam all your investments and money from any financial institutions including Banks and Hospitals.😅😅😅
just get a work visa la, you can do anything you want in Malaysia. there is a digital nomad visa or enrol to an education institute and get a student visa.
Already commented previously, not easy to get visa, but was brushed off. Retire and still getting Rm40k income per month. If im that loaded the whole talk about retiring cheaper is moot point.
Don’t lah … I’m Malaysian … don’t trouble your kids by staying so far away, once you fall sick oversea is very troublesome, …taking care of parents is a headache when they are so out of reach. Stay near your kids unless you want to consider malaysia nursing home for palliative care.
It used to be RM10K for the monthly income requirement and RM150K bank fixed deposit for the MM2H application when I came to know about the scheme in 2019 while the exchange rate was 1S$ equivalent to RM3.05. Now, these requirement have rocketed to such ridiculous amounts as mentioned by Mr Loo in this RUclips.
Good that Mr Loo you finally touch on these visas. It is indeed a requirement. Btw the Msia govt do flip & flop in their policies . They are not consistent due to constant change of govt.
Interesting topic indeed. When expectations of individual is to high the reality will change to what the expectation was made before the moved. Am Australian been living in JB since 2011. Yes, there's regulations in all countries tried four times till I made it. Life is what an individual set it up. Always start from the bottom up and climb up safely to reach the top.
@u2ber888 certainly rules can change and it changes almost every election time. If it citizens of a country are not as one voice 'divided' country not able to move forward. When the citizens of a country expressed as a one voice the country Prosperous.
It is always an impression that retiring in less developed countries is a good idea as the cost of living is cheaper. But in reality, retiring in homeland is still the best & simplest option. Just spent within means.
Perhaps you may not need to apply for visa for long stay. Just stay for perhaps 6 months then come back to S'pore and go in again. Rent, no need to buy a property to retire in Malaysia. Move around, Penang, KL, Malacca etc... per 6 mths trip.
@@u2ber888 actually quality of living is better in Malaysia. Many Singaporean came to retire in Malaysia with big houses and drive luxury cars and entitled for subsidized patrol with Malaysia car plate
Yes you need a LTVP (long term visit pass) , if you are staying in malaysia. There are cases the some ppl was denied entry and issued NTL by Malaysia immigration/
Everyone is being treated as a cash cow. why not move to the country side, buy a plot of land and go farming, and be self suffiient if cost of living is an issue.
He is not too sure of the regulation. It is more difficult than that. Those housing agent in Malaysia will tell you everything can. But after transaction he will dissappear. All these rules and regulations will change at any time. Especially taxes.
The MM2H is suitable for foreigners such as those from Australia, HK or China who want to retire in Malaysia for a long period and not suitable for Singaporeans who stays nearby just for convenience reasons or lower cost of living. You can just buy properties in Malaysia for investment purposes instead.
15:14 so far I never see any property in JB as an investment. Anyway I’m selling off my FH Danga Bay Tropez 2room 668sqft at anything not less than RM400k that I bought at RM525k using almost SGD200k back then with FX SGD1 to RM2.65 vs now RM3.45, hence my lose is your gain and hopefully this statement going to end after my next buyer.
Obstacles : 1. need show passive income rgt40k = sgd12k pm (if u have sgd12k passive income, why u bother retire in Msia?); 2. this premium visa, u need pay participation fees rgt200k + rgt100k (sgd88k) as u pointed out...what for lah?
and more than 800k of AUD of funds set aside as cash and fixed deposits. that is crazy. I'm Australian and even with our massive cost of living differences I'm planning on having a comfortable retirement with roughly 8k per month income of 2023 currency based on a 5% SWR on 2M AUD. At this rate people might as well get the investment visas from Spain, Greece, Portugal or Italy, and the sum at least lets you purchase real estate which you can live in. JuST HIGHER COST OF LIVING.
Hi Mr Loo, in this video u mention need to spend more than 1 million ringgit for landed property in Malaysia,if so someone wants to own a landed property. I remember in the previous video, u mention that your Austin height landed property is around 600k plus ringgit. If i wanted to buy a landeded property in JB, and can i buy those below 1 million ringgit?
Wow so difficult to apply for a Malaysia Visa let alone a long-term pass or even permanent residence honestly very few Singaporeans are interested while Malaysians working in SG are more interested in getting the PR status your income is more than 4.5 k per month compared with so many Malaysian applying for permanent resident of even citizenship if you got the money of at least 1.5 million or more in the bank excluding buying property. honestly, if I would choose to retire Thailand is my first choice Malaysian not a chance.
if people who are thinking of retiring in Malaysia, definitely want to stay in Malaysia for more than 90 days. If not, stay in Malaysia for 89 days, then go back to Singapore and stay in Singapore hotel for one day. then go back to Malaysia, is it Mr Loo? sound troublesome. If can hit premium VIP status, wouldn't want to retire in Malaysia liao. so all these retirement in Malaysia doesn't make sense to me.
Woah. No point thinking of retiring in Malaysia then. So much money needed 😮. Another thing need to understand is the exit strategy, example how to sell and get back money including all the deposits and remittance back?
By the way, there is a very good % that the current MM2H visa requirements will be toned down into 3 sub categories with less stringent requirements in the next 1-2mths. Earliest could be out by end of Sept. 🤞🏻
Migration to anywhere parts of the world is an option. But first we need to have a community over there. Always keep your back door open in case you need to scram back to SG again! 🤣😂😆😱
In my last few years before retirement, I bought a house in JB at yr 2011. I move in at end of yr 2013 then doing the daily custom for about 4yrs. Sold the property end of 2016 at a minor lost. During that time only MM2H visa available. The requirements are not better then now. I remember RM$1million investment, RM$500k fix deposit, full medical insurance, prove of monthly income of RM$30k and must stay minimum 6 months in Malaysia. I tried to apply. I believe because I had Vietnamese wife some how its just stuck in process for 1 year. That time MM2H was keep updating. I believe MM2H visa requirements are still out of reach for most people. Malaysia is a good country for retirement.
just buy and stay near woodlands yishun will do, from the west to north it is almost like malaysians haven. just rent as the minimum purchasing price for foreigners already negate any future profits. the only thing i will buy is a car if possible.
the $1m RM fixed D and the $1.5m RM cashflow is a joke, as if many have so high amount. They should cut it by half if they are interested in "selling homes to foreigners"
Buying is good n if its a Freehold . But what i knows from some Malaysian Relatives is DONT BUY FIRST ......RENT FOR 6 MONTHS OR A YEAR , THEN SEE IF ONE FEEL COMFORTABLE THERE . No point Commit then Regrets later . If it sounds Good n One like it , THEN BUY !! BIG IS GOOD BUT GOT THE ENERGY TO UPKEEP THE SPACE ?? So think Then Commit !!!
Are you talking about me? I could have read your this message way before. So far I never see any property in JB consider as investment, now I’m selling off my FH Danga Bay Tropez 2room 668sqft at anything not less than RM400k that I bought RM525k back then at SGD200k FX was SGD1 to RM2.65 vs now RM3.45, hence my lose is your gain and hopefully this statement will end after my next buyer bought over.
future plan too...which Malaysia hospital should you go to which you are going to PASS -ON ?? Do you speak Malay and do the doctors know what you need when sick? All is not about money !!
MY is not perfect, but good enough to be attractive to some. Considering the application fee for the "VVIP Visa" of 200k ringgit (i.e. approx. S$60k), it is in my opinion, still worthwhile if living in MY is in anyone's wishlist. In SG, COE alone already cost way exceeded that. COE will be worthless after 10 years mark. Just my 2cents 😉
Mr. Loo, I bought Msia's property like 10 years ago. I lived and worked in Malaysia for a maximum of 60 days using an APEC card. I traveled back for 1-2 weeks before going back to Malaysia. I don't have a problem with immigration.
@@1m65 "To qualify for the APEC Business Travel Card, the applicant must be actively involved in business that requires them to frequently commute to the countries concerned."
Becareful if one follow blindly. Not many can afford to have S$300k stucked with depreciating Malaysia Property. This amount in dividend stock can generate S$15k annually for your retirement. A big sum.
One should not buy Malaysian property for investment, but only for pleasure and enjoyment. Fully write it off upon purchase. I said it 100x already since the start of this year when I started hunting for JB house.
Hi mr loo, i will suggest NOT to go into PVIP program. Reason being that given the uncertainty of current Malaysia government, no one could guarantee you that the next government will not revoked your visa
Law in Malaysia is not so staight forward. Law change, when there is a change of government. Even no change of government, it can change through the messy parliamentary sitting.
Malaysia mm2h is a joke. There are no thought process thinking b4 implementation. 😂 That’s why Singapore can thrives for another few decades with such ‘solid’ policy maker across the bridge.
We,SG dun need to buy a house in JB, is a loss of time,energy and research tt u cannot gain back. Your lifestyle n movement may change, influences may turned u into a slow slow pace. Only for Greed people not the Bird People😂
I have friends Singapore marrying a Malaysian . They bought a house and stay in Malaysia freely. Both divorced have family. Can stay in both countries. Spouse visa is easy to get. I was employed in Singapore from 90 to 13. Now staying in my hometown. To tell you all here is still the best.
MY govt is known to flip pratas. Who knows when the Anwar-led govt will be replaced next election? Political instability that flip flops on visa requirements is one key reason why most Singaporeans are sitting on the fence regarding the choice to retire in MY. IMO, just rent a luxury condo or landed property for a few months first to see if you like the neighbourhood and amenities before committing.
Anyone investing in Malaysia is insane. How can anyone not remember the currency restrictions where Singapore investment in Malaysia was frozen overnight during the Asian currency crisis? On top of that is weak government, a failed democracy and a certain slide into the deep, dark abyss of conservative Islam.
only when rts and passport free travel in place then can consider....or else depreciating currency, covid restrictions, everchanging govt will just crumble all positive note to this
Yes, only suitable for retirees don't had enough cpf payout and had no income. Rent out property in SG, got few $k rental income to survive in low-cost living at Malaysia 😅
Anyone investing in Malaysia is insane. How can anyone not remember the currency restrictions where Singapore investment in Malaysia was frozen overnight during the Asian currency crisis? On top of that is weak government, a failed democracy and a certain slide into the deep, dark abyss of conservative Islam.
Don't u think u should have research on this visa perspective before u made a video of u purchase of the jb house Ringgit is depreciating And property will lose value and demand is weak due to poor economy
I have many options for VISA, but not for others. I am not buying the house for investment and have written down the purchase down to zero. Just buying for pleasure.
The blog is not about u I think it should be how to share well thought out proposals or plans to u viewers Obviously u have not thought of using u limited knowledge on the matter to help those less fortunate than u So sad
Singapore is the Monaco of Asia, playground for the ultra-rich. The rest will be ignored. The current Singapore policies favours the top elites, ultra-rich, and talented individuals. For laggards, mediocre, average, not so talented Singaporeans, they will have to fight for the small pie and the leftover and maybe work for life to retire in Singapore. PVIP aka the Malaysia Golden Visa is actually for the super-rich and ultra-rich to have options as a “economic refugees”. The RM200K one off payment for 20 years is “chicken feet” (sup sup suey) for the ultra-rich. Probably young single Singaporeans can consider getting married to local Malaysian to obtain spouse visa. Other alternatives are to retire in other continents e.g. Europe, Australia, New Zealand, US, UK, South America, Thailand, Vietnam, Cambodia, Laos, the Philippines, etc.
So far all my friends who bought properties in Malaysia regretted it, not just went down in value and currency depreciation, it is also tiring to go back and forth . Be like me , travel everywhere and rent AirBnB and see the world , why restrict on one location
Does it make better sense to rent then say in Malaysia? e.g. for 1-3 months? but then you have to keep coming in and out of Malaysia
@@royt5618 in the agile and digital age, all we need is a minimum place to stay where we are based but we can be anywhere we want to , Bali, Chiang Mai, Hanoi, Osaka , why restrict oneself to a location. We can do meaningful engagement work as long as we have free cash for coming in which is what I have built over the last 15 years . That to me is the best enjoyment in life and also doing meaningful community work in whatever locations we are in.
Jai Hinduja. More homely feeling if married to a Malaysian spouse.
Yeah. Provided you are healthy and strong.
That is good if you are not old and retiring...
Many people forget what Mahathir did some years ago, his government encouraged foreigners to buy malaysian properties, and then jacked it up to minimum 1million, then he tweaked the visa such that those who bought these properties could not even go back into their homes easily. The homes were left empty, unable to rent or sell and then the government changed hands to Najib which resulted in huge corruption scandals that brought down the country's economy causing their homes to become useless JUNK. This kind of nonsense will happen again and again. Same with the clob shares, they simply shut down trading without warning and millions of dollars owned by Singaporeans were lost. LKY's warning is often very accurate, "at the stroke of a pen, they can take it over". And you'll be caught without even your underwear when the tides go down and never come back.
Yes, that was during 1997 Asia financial crisis and all my CLOB shares were all gone bcoz of Dr M
@@tafwos Don't repeat the same mistake. Dogs will always go back to their vomit and always do what they habitually do, they will not change.
True. My friend lost 80% of value of her property due to policy changes and now I am very wary of Malaysia investing.
Thks Mr Loo
If you can afford these visa. No problems to stay in Singapore.
No true value for money. That's the true issue. Everything bubble
Interesting content about retiring in Malaysia Mr Loo, maybe can cover about the De Rantau Digital nomad visa as well!
I hav lived in M'sia..kuantan for 2 yrs..cost of living is cheap but it is the loneliness without your family around u to visit n support when u need them make it hard esp when u r a retiree..u need family..bros n sisters..n your children for companionship..to get around if u don't drive n transportation is a problem..i still think life is how u want to live..just live a simple life n spend your days with those u love around u
No need to migrate..it cost more money to move n change of lifestyle that u might it difficult to fit in..as u age
I think I'll be a good to try out staying in a rented place in Malaysia for about 6 months or so. Truly experience what is it like to living in there and also traveling in and out for visa reasons. Its prob worth doing this since we are talking about long term retirement plans in any foreign land.
That is true. I was looking at Southern Marina and then someone said they stayed there for a month and at night, supercars are making so much noise. This is something you wont know if u don't try first. Not sure if the night revving of engines are still ongoing.
yup PVIP is more value for money.
Thanks for sharing. didnt know about this earlier
Yes. I have been mentioning this to anyone who is considering staying in JB and exiting Msia either to SG or anywhere else (visa runs) exploiting the 30days tourist visa. U will run into problems with Msia / Jb immigration officers. Maybe even barred re-entry for months. U need a proper Visa to be able to fully retire in Msia long term.
Jai Hinduja. Barring is already quite generous because other unorthodox corrupt means are known to be used
Mm2h or pvip
One concern is the msian garmen changes its policies often. Never know what's gonna happen.
Jai Hinduja. More serious now are the possible money laundering charges and custom officer's entry levy on suspicious visa violation.
If got Rm1.5m + Rm1m + monthly Rm40k why bother to retire in malaysia? Might as well stay in sg better.
Retired in Malaysia basically 3.5x upgrade your lifestyle.
In Malaysia you maybe face robbery and so far more foreign thrash still can afford to buy condo at JB. At Xingapura those WHITE POLITICIANS are really MAFIA sending unusual cops and doctors to scam all your investments and money from any financial institutions including Banks and Hospitals.😅😅😅
Hi Mr Loo good evening 👋👍
just get a work visa la, you can do anything you want in Malaysia.
there is a digital nomad visa
or enrol to an education institute and get a student visa.
this is a good idea. does it work?
Home Sweet home. Mr. Loo you are very long winded and I don't understand what you are talking??? Very confusing. Lili lolo.🤩🤩🤩
Mr Loo, just move to your Malaysia house, stay for a while to see if you like it there...
Too much restrictions. Just retire in Singapore and go long holiday in Malaysia if money permit.
Isnt there supposed to be a special financial zone soon?
Already commented previously, not easy to get visa, but was brushed off.
Retire and still getting Rm40k income per month. If im that loaded the whole talk about retiring cheaper is moot point.
Don’t lah … I’m Malaysian … don’t trouble your kids by staying so far away, once you fall sick oversea is very troublesome, …taking care of parents is a headache when they are so out of reach. Stay near your kids unless you want to consider malaysia nursing home for palliative care.
One stupid question- if it's meant for retirees, how to still get income of Rm40k? Can be from pension, dividends and rental income?
It used to be RM10K for the monthly income requirement and RM150K bank fixed deposit for the
MM2H application when I came to know about the scheme in 2019 while the exchange rate was 1S$ equivalent to RM3.05. Now, these requirement have rocketed to such ridiculous amounts as mentioned by Mr Loo in this RUclips.
Good that Mr Loo you finally touch on these visas. It is indeed a requirement. Btw the Msia govt do flip & flop in their policies . They are not consistent due to constant change of govt.
Interesting topic indeed. When expectations of individual is to high the reality will change to what the expectation was made before the moved. Am Australian been living in JB since 2011. Yes, there's regulations in all countries tried four times till I made it. Life is what an individual set it up. Always start from the bottom up and climb up safely to reach the top.
Rule can change not to your favour one day and you hv to move again as you aged.😪
@u2ber888 certainly rules can change and it changes almost every election time. If it citizens of a country are not as one voice 'divided' country not able to move forward. When the citizens of a country expressed as a one voice the country Prosperous.
v@@johanibrahim4622
Mr Loo, tks for sharing. To receive SGD 3K+ from CPF Life, I guess must have at least SGD 400K in RA account when turning 55. Correct?
If got 400k in RA, then why bother with Malaysia? One can already survive in Singapore.
Any foreigner including Singaporean married to a Malaysian can apply for Spouse visa.
if I have retired and still get monthly income of rm 40000, I will stay comfortably in Singapore😅
It is always an impression that retiring in less developed countries is a good idea as the cost of living is cheaper. But in reality, retiring in homeland is still the best & simplest option. Just spent within means.
Poor sanitation, lack of amenities will make living standard degraded. you save $$ living in poorer country but life span could be shortened.
Perhaps you may not need to apply for visa for long stay. Just stay for perhaps 6 months then come back to S'pore and go in again. Rent, no need to buy a property to retire in Malaysia. Move around, Penang, KL, Malacca etc... per 6 mths trip.
@@michaellee3314 tourist VISA only up to 30 days. 6 months means 6 times back and forth. not practical.
@@u2ber888 actually quality of living is better in Malaysia. Many Singaporean came to retire in Malaysia with big houses and drive luxury cars and entitled for subsidized patrol with Malaysia car plate
@@babibrain The Immigration will tell you NO U TURN and then you are barred.. Then need to spend RM3000 to pay immigration lawyer to solve for you
Politics, ringgit, human trafficking, religion, language, culture , skin color. Mr loo need to take consideration.
Sounds like Mr Loo is reconsidering his options to retire in Malaysia…
I don't think anyone having a monthly income of RM 40000 will need to go to Malaysia to retire.
😂 Malaysia Boleh 😂 Think about it and better think thrice. Even it is easy. Better be wary.
They are good at flip and flop.
retirement in malaysia is a $ trap.
Yes you need a LTVP (long term visit pass) , if you are staying in malaysia. There are cases the some ppl was denied entry and issued NTL by Malaysia immigration/
Everyone is being treated as a cash cow. why not move to the country side, buy a plot of land and go farming, and be self suffiient if cost of living is an issue.
He is not too sure of the regulation. It is more difficult than that. Those housing agent in Malaysia will tell you everything can. But after transaction he will dissappear. All these rules and regulations will change at any time. Especially taxes.
The MM2H is suitable for foreigners such as those from Australia, HK or China who want to retire in Malaysia for a long period and not suitable for Singaporeans who stays nearby just for convenience reasons or lower cost of living. You can just buy properties in Malaysia for investment purposes instead.
15:14 so far I never see any property in JB as an investment.
Anyway I’m selling off my FH Danga Bay Tropez 2room 668sqft at anything not less than RM400k that I bought at RM525k using almost SGD200k back then with FX SGD1 to RM2.65 vs now RM3.45, hence my lose is your gain and hopefully this statement going to end after my next buyer.
@@tafwoskeep it as prices will go up
I guess u can still stay here for 30 days or so ,come back to sg for a few hrs and go back msia
I like Taiwan lifestyle
1M65: But, the final Financial decisions are not made yet about MM2H and SBH-MM2H!
Obstacles : 1. need show passive income rgt40k = sgd12k pm (if u have sgd12k passive income, why u bother retire in Msia?); 2. this premium visa, u need pay participation fees rgt200k + rgt100k (sgd88k) as u pointed out...what for lah?
and more than 800k of AUD of funds set aside as cash and fixed deposits. that is crazy. I'm Australian and even with our massive cost of living differences I'm planning on having a comfortable retirement with roughly 8k per month income of 2023 currency based on a 5% SWR on 2M AUD. At this rate people might as well get the investment visas from Spain, Greece, Portugal or Italy, and the sum at least lets you purchase real estate which you can live in. JuST HIGHER COST OF LIVING.
Hi Mr Loo, in this video u mention need to spend more than 1 million ringgit for landed property in Malaysia,if so someone wants to own a landed property. I remember in the previous video, u mention that your Austin height landed property is around 600k plus ringgit. If i wanted to buy a landeded property in JB, and can i buy those below 1 million ringgit?
I have Never said that my austin heights was RM600k. It was RM2Millon. Always been transparent about it.
SGD600k
To all sporean buddies.. better retired in thailand than in msia..
Thailand has so much offer than in msia
Thailand getting very expensive and much more polluted.
I think there’s a digital nomand visa 🧐
Wow so difficult to apply for a Malaysia Visa let alone a long-term pass or even permanent residence honestly very few Singaporeans are interested while Malaysians working in SG are more interested in getting the PR status your income is more than 4.5 k per month compared with so many Malaysian applying for permanent resident of even citizenship if you got the money of at least 1.5 million or more in the bank excluding buying property. honestly, if I would choose to retire Thailand is my first choice Malaysian not a chance.
This video should come earlier than you talk about buying property and retiring in Malaysia.
yah lor.. previous videos were so adamant to promote retirement in Malaysia.
Yah lor
I find it abit roti prata
Good to stay and remain where you call your Home. Until you retired
Even if free I also won't retire there, LOL. I value security.
@Mr Loo may you live to 120!
Ha… Thank u very much . I not sure if I want to stay alive so long.
if people who are thinking of retiring in Malaysia, definitely want to stay in Malaysia for more than 90 days. If not, stay in Malaysia for 89 days, then go back to Singapore and stay in Singapore hotel for one day. then go back to Malaysia, is it Mr Loo? sound troublesome. If can hit premium VIP status, wouldn't want to retire in Malaysia liao. so all these retirement in Malaysia doesn't make sense to me.
Woah. No point thinking of retiring in Malaysia then. So much money needed 😮.
Another thing need to understand is the exit strategy, example how to sell and get back money including all the deposits and remittance back?
with so much cash why retire in Malaysia? can retire anywhere
By the way, there is a very good % that the current MM2H visa requirements will be toned down into 3 sub categories with less stringent requirements in the next 1-2mths. Earliest could be out by end of Sept. 🤞🏻
That’s what the MY Govt has been saying months ago, and until now, still no news.
@@1m65 🤞🏻
When??
It wont be reduced. Malaysia wants to attract affluent individuals (But not HNW) not any tom, dick and harry.
Migration to anywhere parts of the world is an option. But first we need to have a community over there. Always keep your back door open in case you need to scram back to SG again! 🤣😂😆😱
Malaysian wife?
Don't over analysis lah! They just want people who have lots of$$$$$$! Just like Sg
I find Mr Loo long-winded…and too many “You knows…”!
I old already, so bad habits cannot change easily. So very sorry.
In my last few years before retirement, I bought a house in JB at yr 2011. I move in at end of yr 2013 then doing the daily custom for about 4yrs. Sold the property end of 2016 at a minor lost. During that time only MM2H visa available. The requirements are not better then now. I remember RM$1million investment, RM$500k fix deposit, full medical insurance, prove of monthly income of RM$30k and must stay minimum 6 months in Malaysia. I tried to apply. I believe because I had Vietnamese wife some how its just stuck in process for 1 year. That time MM2H was keep updating.
I believe MM2H visa requirements are still out of reach for most people. Malaysia is a good country for retirement.
just buy and stay near woodlands yishun will do, from the west to north it is almost like malaysians haven. just rent as the minimum purchasing price for foreigners already negate any future profits. the only thing i will buy is a car if possible.
the $1m RM fixed D and the $1.5m RM cashflow is a joke, as if many have so high amount. They should cut it by half if they are interested in "selling homes to foreigners"
Buying is good n if its a Freehold . But what i knows from some Malaysian Relatives is DONT BUY FIRST ......RENT FOR 6 MONTHS OR A YEAR , THEN SEE IF ONE FEEL COMFORTABLE THERE . No point Commit then Regrets later . If it sounds Good n One like it , THEN BUY !! BIG IS GOOD BUT GOT THE ENERGY TO UPKEEP THE SPACE ?? So think Then Commit !!!
Are you talking about me?
I could have read your this message way before.
So far I never see any property in JB consider as investment, now I’m selling off my FH Danga Bay Tropez 2room 668sqft at anything not less than RM400k that I bought RM525k back then at SGD200k FX was SGD1 to RM2.65 vs now RM3.45, hence my lose is your gain and hopefully this statement will end after my next buyer bought over.
Good but Danga heard is SINKING !
That is Country Garden Danga Bay on reclaimed land, not on Tropez freehold Condo that built on the solid ground by the sea.
future plan too...which Malaysia hospital should you go to which you are going to PASS -ON ?? Do you speak Malay and do the doctors know what you need when sick? All is not about money !!
MY is not perfect, but good enough to be attractive to some. Considering the application fee for the "VVIP Visa" of 200k ringgit (i.e. approx. S$60k), it is in my opinion, still worthwhile if living in MY is in anyone's wishlist. In SG, COE alone already cost way exceeded that. COE will be worthless after 10 years mark. Just my 2cents 😉
The conditions set for MM2H reflect the sstupidity of policymaking
Mr. Loo, I bought Msia's property like 10 years ago. I lived and worked in Malaysia for a maximum of 60 days using an APEC card. I traveled back for 1-2 weeks before going back to Malaysia. I don't have a problem with immigration.
Good idea! How much is the APEC card?
@@1m65 "To qualify for the APEC Business Travel Card, the applicant must be actively involved in business that requires them to frequently commute to the countries concerned."
Becareful if one follow blindly. Not many can afford to have S$300k stucked with depreciating Malaysia Property. This amount in dividend stock can generate S$15k annually for your retirement. A big sum.
One should not buy Malaysian property for investment, but only for pleasure and enjoyment. Fully write it off upon purchase. I said it 100x already since the start of this year when I started hunting for JB house.
Hi mr loo, i will suggest NOT to go into PVIP program. Reason being that given the uncertainty of current Malaysia government, no one could guarantee you that the next government will not revoked your visa
What about your family members?
RM100k per dependent in the PVIP
Try Cambodia for ex convicts
Why live in Sg!! Many Sgers are already live there!
Law in Malaysia is not so staight forward. Law change, when there is a change of government. Even no change of government, it can change through the messy parliamentary sitting.
Malaysia just wants your money…
I rather go bintan cheaper. No need buy but find cheap hotels comes and go
Seems like Portugal better 😂
I like Portugal when I visited for holiday, but it is too far from Spore if we retire there
Malaysia mm2h is a joke. There are no thought process thinking b4 implementation. 😂 That’s why Singapore can thrives for another few decades with such ‘solid’ policy maker across the bridge.
Rm 10k a year... Seems cheaper than coe😅.
Hahaha thot common sense ie visa requirements If one is staying long term in a foreign land.
We,SG dun need to buy a house in JB, is a loss of time,energy and research tt u cannot gain back. Your lifestyle n movement may change, influences may turned u into a slow slow pace. Only for Greed people not the Bird People😂
I have friends Singapore marrying a Malaysian . They bought a house and stay in Malaysia freely. Both divorced have family. Can stay in both countries. Spouse visa is easy to get.
I was employed in Singapore from 90 to 13. Now staying in my hometown. To tell you all here is still the best.
MY govt is known to flip pratas. Who knows when the Anwar-led govt will be replaced next election? Political instability that flip flops on visa requirements is one key reason why most Singaporeans are sitting on the fence regarding the choice to retire in MY. IMO, just rent a luxury condo or landed property for a few months first to see if you like the neighbourhood and amenities before committing.
Anyone investing in Malaysia is insane. How can anyone not remember the currency restrictions where Singapore investment in Malaysia was frozen overnight during the Asian currency crisis? On top of that is weak government, a failed democracy and a certain slide into the deep, dark abyss of conservative Islam.
why buy house? rental is better value.
Mr Loo is prata-ing again? So buy Malaysian properties for retirement or don't buy?
He bought already right ? The worrisome thing is he only consider these after he put down payment 😅😅
@@ezannMr Loo like that seems more of an impulsive buying leh
Simple, just travel in and out of JB!!!
Cannot. At some point the malaysian customs can deny one's entry.
Without any visa, how long can one stay there before coming back to chop passport?
@@josephchan2673asean passport 30days
Jai Hinduja. Rent out HDB and Spend retirement saving by renting alternative one month in JB, Bangkok, Batam, HCM etc.
No, only mm2h or pvip. It wont be reduced. Malaysia wants to attract affluent individuals (But not HNW) not any tom, dick and harry.
only when rts and passport free travel in place then can consider....or else depreciating currency, covid restrictions, everchanging govt will just crumble all positive note to this
Rent our HDB and rent JB. Then go in and out .
Jai Hinduja. Alternate one month JB and Batam.
Yes, only suitable for retirees don't had enough cpf payout and had no income. Rent out property in SG, got few $k rental income to survive in low-cost living at Malaysia 😅
Only mm2h and pvip. It wont be reduced. Malaysia wants to attract affluent individuals (But not HNW) not any tom, dick and harry.
Sg is good to reside. Just find the money. Don't be fork tongue
u must have $x y z millions to be mm2h, now every robber in jb will be delighted to know ur a mm2h
Jai Hinduja. Green wave will lead to Taliban rule. Wiser for retiree to stay in my Bharat or Thailand or Vietnam
Get a PR bro....
Sg is just expensive! Cut throat and eat what you kill behaviour
Anyone investing in Malaysia is insane. How can anyone not remember the currency restrictions where Singapore investment in Malaysia was frozen overnight during the Asian currency crisis? On top of that is weak government, a failed democracy and a certain slide into the deep, dark abyss of conservative Islam.
Both side of yr cheek looks dark patches & showing bad blood circulation . Health is wealth
Hope u can take the time to look after yrself.
Boomer gen enjoy all the benefits still cannot retire in sg? Lol
Don't u think u should have research on this visa perspective before u made a video of u purchase of the jb house
Ringgit is depreciating
And property will lose value and demand is weak due to poor economy
I have many options for VISA, but not for others. I am not buying the house for investment and have written down the purchase down to zero. Just buying for pleasure.
@@1m65 Wow...! You very rich leh. Can easily write down the house to zero. Looks like you are a UHNI.
The blog is not about u
I think it should be how to share well thought out proposals or plans to u viewers
Obviously u have not thought of using u limited knowledge on the matter to help those less fortunate than u
So sad
@@stevenyip2631 Rich is a relative term. Depends who you compare with. Against Warren Buffet, I very poor.
@@stevenyip2631 Rich is a relative term. Depends who you compare with. Against Warren Buffet, I very poor.
Singapore is the Monaco of Asia, playground for the ultra-rich. The rest will be ignored. The current Singapore policies favours the top elites, ultra-rich, and talented individuals. For laggards, mediocre, average, not so talented Singaporeans, they will have to fight for the small pie and the leftover and maybe work for life to retire in Singapore.
PVIP aka the Malaysia Golden Visa is actually for the super-rich and ultra-rich to have options as a “economic refugees”. The RM200K one off payment for 20 years is “chicken feet” (sup sup suey) for the ultra-rich.
Probably young single Singaporeans can consider getting married to local Malaysian to obtain spouse visa.
Other alternatives are to retire in other continents e.g. Europe, Australia, New Zealand, US, UK, South America, Thailand, Vietnam, Cambodia, Laos, the Philippines, etc.
Fxxx. what u say in the 1st para is depressing but quite true. damn.