JB Retirement? Not So Easy Now! Bad News on MM2H
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- Опубликовано: 5 сен 2024
- For most Singaporeans trying to escape the expensive inflation in Singapore economy, and seek a cheaper and spacious retirement in JB, the newly released framework on MM2H by the Tourism Minister in KL make things a lot more confused and difficult. A deviation from stock market and investment but a must hear news for people!
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
@@christianalawal3695 That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@@Richardnnabuikediyoke My advisor is VICTORIA CARMEN SANTAELLA;
You can look her up online
@@christianalawal3695 The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
I'm Malaysian, currently SG PR, my advice to all Singaporean on MM2H is don't rush to make decision, wait for the RTS link completion and fully functional then adjust your plan from there, RTS is a great geographical arbitrage tool for SGrean to take advantage of both lower cost of living in JB & safety and security in your homeland, don't hastily buy property in Malaysia and lock your money there knowing that 3 years later MY election will change gov again, looking at Anwar policy i think it is very likely the next GE will change gov again, Prata nation is not for the faint hearted
true..unless u r like Uncle Loo buying the MY property like handbag & to be written off as zero...likely is a one way ticket to contribute to MY economy for your property,,,:)
Uncle Loo very angry at the PAP govt who terminated his bread 'n butter SA shielding vehicle & his compounding strategy ie. 1M65.
Changed tack & now promoting M'sia properties as his new investment & retirement strategy.
Except he is just riding on a wave which many people are also riding on. S'pore's exceptional high cost of living & demolition of the 5C's pushing S'pore retirees to look for something better for their money. This is a lifestyle arbitrage strategy ie. sell S'pore, buy M'sia. Nothing new.
As someone said, the RTS will cut down on travelling time which makes commuting much quicker & efficient.
These are logical infrastructural developments which make time arbitrage in favour of M'sia. Again nothing new.
I guess you are MCA gun shooter
Most honest and pragmatic comment. 👍🏻
@@daigamessg6725 MCA would probably be shut out for at least the next 2 election cycles.
Nomad is the new Retirement. No need to commit to overseas property. This month stays in Penang rental apartment, next month Phuket, another month may be back in Singapore, follow by Bali for another month and the new destination goes on. Many people are already doing this. Bkk S$1k can get a very good apartment with good facilities and location.
U still use Singapore as your base. Why spend millions in a country where roti prata is part of their policies? Your million dollars cash can use your expertise to earn more money and you can even rent premium apartments. Some western and eastern European countries living standard also lower than Singapore.
MM2H won’t collapse, it is not only targeting at Singaporeans. In many MM2H forum, majority are from Europe, Japan and USA and Middle East ….
Without buying property, investment and telling good tales, how to get Datuk 😂 Nomad machiam roll here, roll there. 😅 Jin song.
agreed
Agreed. I shuttle between Malaysia and Singapore. No need to be affected by the roti prata policies
.
Yes, to add on. If you owned a SG HDB or Condo, just keep 1 room as your home base for a short SG break to run errands and family time. The rest of the time just live as nomad.
The investment, interest gains thru dividends and bonds is more stable and liquid for retirement use. Tying down our money for foreign house and policy is not a good idea.
until the next pandemic strikes and you are screwed or stuck somewhere.... having said that.... some ppl retire without the need to travel back and forth... quite tiring.... most countries may give you 30 days visa and you then need to move every 30 days.... if you are in your 40s ok.. but in your 60s and 70s... traveling with luggage to multiple location is very lecehh
Their policy change so fast. Really prata shop sia. Be very careful when investing in Malaysian properties, it’s highly likely a new govt will come in after the next election and change everything again
What non senses you're talking about businesses are failing in Singapore. There 20 000 Japanese staying and retiring in Malaysia. 10, 000 Koreans...you're taking non senses. Read the business data in Singapore, it's failing.
Malaysia Govt will listen to their citizens first in any policy. But most Malaysians do not like too many Singaporeans coming over to stay here. Come for one or two weeks to spend some money is ok
@@lpfong2538 doesn’t seem like failing when hundred of thousands of Malaysians are going to Singapore to make a living because earning MYR is not enough to save up in Malaysia if you are just an average worker. Oh and the 1 SGD to 3.47 MYR is honestly the key data that the average citizens are looking at everyday
Malaysian Government have the right to decide they want to do, prata or otherwise. As outsiders, all this is beyond our control. complain so much. Bottom line is see, observe and make up your own mind whether you want to retire there or not.
@@guitarsingaporeRaptureof course not😂😂😂😂😂. We go there tourist only. Can we block them from coming down ? 😂
Because Malaysia had very huge overhang of housing inventories everywhere. Basically this country has no interest in recieving new migrants and they really do not like foreigners in their country. Due to their weak financial management, they had no choice but to woo foreign funds. Deciding on 2nd home in this kind of country is very risky given the fact that they are very flippant about their ever changing policies.
Can you blame Malaysia for firstly looking at its own interest? Foreigners, especially Singaporeans have their own issues such as limited land and size of housing, high cost of living etc. It's understandable for this group of people to put 'pressure' on the government to change policies to their benefit but at the end of the day, they need to decide if the Malaysian offer on the MM2H programme is to their benefit.
Yes, better go to Batam
China people buy Forest city kana until jialat jialat. People do have short term memory
Yup. Owners of Forest City say KNN every day, LOL
NO，they always think that it will turn out differently this time or for them. But it always ends up the same. All backside tear open.
@@yusenzhan9767 Investing in properties is always risky, especially in foreign countries. Biasa lah.
Malaysia is the worst place to buy property for foreigner, which you are subjected to forex risk and policy risks. Just rent. The rental properties is oversupplied, and there is no benefits in committing to a property which eventually degrade overtime due to poor maintenance.
when everyone rent, time to buy because it will be very cheap.
I think Malaysia is the best place to buy property, no restrictions for foreigners to buy landed freehold property, non of the major Asean countries allow that.
Why 20,000 Japanese and 10, 000 Koreans are living and retiring in Malaysia then? Don't buy property in Malaysia then buy in Singapore then. The property is cheap. Malaysia is freehold. Singapore is lease hold.
@@MsCorydorusmalaysia big hor. 😂😂😂😂😂😂😂😂. So many place.
can share which country to buy property will not be subjected to forex risk and policy risks? much appreciated.
Black Box’s survey is ridiculously inaccurate. As of Y2023 there are a total of 27759 applicants for MM2H, the top 3 countries are : 11502(41.1%) from China, 2678 from Japan, 2263 from Korea & only 789(2.8%) from Singapore. Btw, though SG’s living costs is much higher when compared with MY, most people still find it manageable. True enough, similar to situations in HK & Shenzhen, SG & HK people frequently made leisure trips to MY & Shenzhen respectively, but both have with no intention of migration.
2,678 from Japan and 2,263. They cannot even speak English or Bahasa Melayu? Interesting figures. Perhaps they use an agent to submit the paper work and get their VISAS. They are smart and see Malaysia as a hope for glory. ... Singaporeans' perception towards Malaysia......perhaps they why low..
@@leejpeter3456 Frankly speaking, 2K+ applicants from both countries are considered peanuts in view of their total population.Their preferred top destinations are always the US, Canada, UK & ANZ. Sad to say, MY being chosen by them for obvious reasons, low cost of living. Language barrier is no longer an issue in today’s world and pls do not assume that all of them can’t speak English at all.
@M.K-52200
Most S'poreans are home bodies. Kiasi & kiasu of migrating overseas. To them, they are like frogs basking in warm waters. Turn up the heat, they will still be reluctant to leave until they are thoroughly boiled & well-done. By then, they will perished in their homes undiscovered until the stench reaches their neighbour's nose.
Think that it is the education & the mind conditioning that makes people in S'pore that they are living in the best place in the world. Never mind that the 5C's are now unattainable. The political talking heads are now saying that Singaporeans now want fulfilment, meaning and purpose in life. I guess I don't quite understand what this means?
@@jonnowee983 No doubt that SG is a wonderful country but there are still people who choose to migrate. AU, NZ & US are the top 3 destinations, MY is not in their preferred list.
SOURCE???? How many recipients? In 2023 the Home Minister stated he had only 49 recipients of (Federal) MM2H visa in 2021-2023. Almost 2000 potential renewals (mainly who applied in 2022) failed to renew the visas. So either most of those applications are just dumped or illusory. Maybe they are just stuck in the desk drawer of corrupt agents who collect the fees and never submit them? Maybe that explains the MOTACs cleanup of "bad agents"?
That said Sarawak MM2H he as increased their actually issued MM2H visas from about 100 in 2018 to almost 2000 in 2023.
Look into Sarawak where those over 50 require no mandatory property purchase and have only a RM600,000 floor for Landed Property IF THEY CHOOSE to buy residential property. No floor (minimum) for strata property.
Only a one month visit requirement.
More relaxed than Singapore, property prices similar to JB, and you don't have to stay more than one month(cumulative) a year.
Mm2h will be a convenient tool for malaysia to lock in your money.
Thanks for sharing Mr Loo.
Malaysia changes its policy as often as it changes the government due to the different ways the people in power think. You need to accept this situation.
There are over 10, 000 Koreans living and retiring in Malaysia. Maybe you need to ask them how they do it. They cannot speak Malay or English. How they make their application, l guess.
Yes. However, Singaporeans have the added advantage because there is a need for their contributions to the Malaysian economy.
That's a complete lie. The BN government was in power for more than 60 years, continuously. The new government led by PH only had less than 2 years on record, so changes can be expected and we Malaysians are generally happy with the changes.
It always frustrating when Mal government policies keep shifting, causing uncertainty and insecurity. So many condiditons to consider. Btw Mr Loo, if you are not to spend more than 60 days a year in JB, why would you buy the property there? Waste the money on renovations and maintenance. Don't economic sense.
Properties in Singapore are too expensive and not worth putting you're money. Wise people invest their money every where.
@@lpfong2538 Hes talking about buying property in JB lah, goondu.
Insurance for his children.
Omgosh. Who wants to live in Forest City? Being forced to solve the ghost city problem is not fair to put it on MM2H applicants.
Does not make sense to buy a new house direct from developer and cannot sell the house for 10 years.
Cost of living in Singapore is not expensive at all. I am almost retire already (56 yo). With fully paid new 4rm bto next year, not car owner, we can retire with less than sgd 400 per week (excluding income tax and personal insurance).😄
You are lucky no other commitments and enjoying good health. Not many are lucky like you.
I resigned from my full time job at 43 yrs that time still hvnt finish off my mortage housing loan cfp not even reached BRS ...I go for simple life style and till now I am still alive...
@@piggysan666you may be able to survive but must be very unpleasantly, go to JB with the same money you have and can live more decently, it's just like telling your mum explaining your bad results by saying "but I passed what" instead of aiming for higher marks.
@@Ymusputhandle No problem. My wife and me hit ERS in our RA accounts. Will top up till 4xbrs b4 June 2025.
U are a patriotic Singapore 🇸🇬..lucky u never fall into JB trap ..looks good on outside ..,..otherwise .,,
Mr Loo,
Most Malaysian Chinese were astonished when you said there was a turnaround in the economy in Malaysia. For the past 60 years plus the Malaysian government done nothing constructive except to cause financial heartaches for the Malaysian Chinese and Indians, and as well as the Malay grassroots.
Retire in Malaysia, not a good idea. why sg car always target, this is a sign. still dare to come and stay.. wait kana murder. too dangerous
100% correct. Shopping and then go back can already.
if you holding MM2H,are you still driving sg car,use your brain.
So far any Singaporean being murdered ? Don't be exaggerated. There are murder cases in Singapore too.
There is no incentive for other countries to create policy to benefit non-citizens. That’s the baseline. Any carrots dangled will always be temporary. Remember that.
There are 10, 000 Koreans living in Malaysia..Why they don't have issue like you?
I don’t have issue
Malaysian politics have never changed a bit since it’s independence and Singapore’s departure, which is pro Bumi, corrupt, chaotic with 3rd class unqualified politicians and civil servants. However, I am glad that we have a neighbour like that so that Singapore can continue to thrive and grow stronger. MAJULAH SINGAPURA!
Singapore don't have political freedom and free speach. Government never change since was excluded from Malaysia. All opposition leaders are thrown in prison! There is flaws in every country.. 2 months ago l was at a Ramadan Bazaar in Malaysia. To my surprise, l order some food, but the Malay vendors gave me for FREE. Singapore got happen like that? Don't judge people by race or nationality.
Gov pro bumi, opposition pro-communists. They fit like hands to gloves.
if less than 60 days per year, why bother with visa?
1/3 Singaporeans: don't believe the survey lah
What is so unbelievable about that?
You think life in Singapore is really rosy and perfect?
@@sihanchen7552 life in Sg is very stressful.
Many people when interviewed, will say they are prepared to migrate but in reality, they will not lah
@@sihanchen7552 life in Sg is very stressful and cost of living is very high. COE is madness
I was a property owner in Malaysia. Having apartments in both K KL and Penang. Both have since been sold. I live overseas and spend up to three months each year in Malaysia.
Renting is a better proposition for me.
A foreigner owning a property in Malaysia is being a fool.
I can rent a furnished apartment in a good area in Penang for around 1500 or less per month. Can do long or short term.
Malaysia is struggling as an economy, currently debt is 70% of GDP, which is very high and growing.
Buy a property in Malaysia and over time you will be guaranteed to loose money.
Why bother to retire in Malaysia. All these flip flops policies will happen again and again.
You're absolutely right. The requirement to buy from a developer is a show stopper. I'm now looking at SMM2H
Living like a Malaysian there vs go there weekly shopping cheapo stuffs are 2 different things…unless u are rich,,but then again if u rich why go there n ditch the safest country in the world which is Singapore?
Safest but the costliest.
And you are questioning why people want to move over.
Don't ever trust them. Don't forget CLOB
What’s CLOB?
Ya I lost a lot in clb stocks like ulti purpose and kamuting
@@raykttanwow! CLOB and Kamuting are words I haven’t heard for decades.
They can’t be on a Sunday.
Memories came back! Wonder when they will clob the investors again ..
When you get older ..... stay a few days here and a few days across the causeway is really vomit blood :)....
I would rather spend 2~3 months for oversea self-drive trips. Till not able to walk and drive.😀
@@kcchiew4247 car rental overseas is very ex. Learning scooter is good for overseas long term stay.
100% correct. No point stay over there😂
Hi Mr Loo, cost of living in Malaysia is not lower than Singapore, is it only considered much lower than Singapore because of the strong Singapore currency and is about 3.5 times than Malaysian ringgit. Because of the 3.5 times of our currency, we find it cheap but definitely not for Malaysian citizens earning in ringgit unless they are high net worth.
That’s the whole point for Singaporeans to retire in Malaysia due to the strong Sg dollar.
So the Singapore currency is strong, which makes cost of living in Malaysia cheaper than Singapore !!!
You are trying to make a point which is not even a point to begin with !!!
@@sihanchen7552 you lack comprehension,, Sg strong dollar buys cheaper foods n things even tho the Malaysian cost of living is the same. A bowl,of noodle might cost the same in each currency, $4.50 but Singaporean on,y spent $1.50 Sg in Malaysia ,saving $3 Sg. Not too hard to understand,isn’t it?
Malaysia is a good place to go for beach vacations, short stays for makan and shopping. My friends are struggling to let go of their properties and even land in MY unless if they are willing to drop their prices drastically.
Pls do not advise or promote retirement there😂just pop over as and went u want n enjoy the food and facility😂after all if retired will be so free everday😊
Malaysia is most famous for Roti Prata policies, different government leaders acts differently. Not a place I would invest or retire given all the ever changing uncertainties.
Don't come and retire in Malaysia then, go to Australia and retire there
Singaporeans have the added advantage because there is a need for their contributions to the Malaysian economy.
No need to buy...just rent.
When more and more Singaporeans are rushing there to live of course they can afford to raise the requirements. Nothing surprising
Yes. However, Singaporeans have the added advantage because there is a need for their contributions to the Malaysian economy.
@@leejpeter3456 Unless they start to "contributing" to rising real estate prices if the inflow will be too high for construction industry to meet the demand.
Buy or move to a sg house near jb, so u can still cross over to jb for currency advantage minus the worries of owning a ppty in jb😅
Agreed. My thoughts as well. Jurong or woodlands...
@@jman4good yes, in fact any estate that is near kranji mrt or woodlands mrt station, just take 160, 925, 170x straight to jb to use our strong currency, next time can take RTS if it happens. Can use our strong currency without worries be it any policy changes, ppty concern, currency concern etc .because at the end of day, you can go back conveniently and sleep soundly in Sg😅
Of course those who want to stay there for a long time is different story altogether.
Most importantly, Ppty in Sg can transform into real monetary gain not paper gain
Just my views...
The jam is the most worrysome thing.
The 3R things glossily hurt the non malay citizens who were born in Malaysia, let alone Singaporean who try to retire here. They just want your money not your corpse
My first choice is Msia because of the ease of commuting and communication. But if it gets too complicated, I don't mind living in Jakarta or Bangkok as I like the cities very much too.
Both cities will be fast sinking in 10 years.
It's a free world. It's up to you to choose where you want to retire.. In general, the Malaysian government and Malaysians in general welcome Singaporeans to retire in Malaysia, they can be a great asset to the country. ❤
Both are sinking
Indonesia you need proof of income monthly to get a visa to stay there long term.
Thailand the language barrier and the hot weather there are downers as well.
The idea of nomadic retirement is indeed a compelling and modern approach to retirement living. Nomadic retirement allows you to explore different countries without long-term property commitments. It is cost-effective, enabling you to enjoy a high quality of life in lower-cost regions. This lifestyle offers flexibility and the freedom to experience new adventures.👏
Three months mandatory stay/year in Malaysia. MM2H used to have no such requirement. Sarawak MM2H only requires one month/year visit.
Dr Loo, if you stay only 4-12 days, you don't need a long term visa. Just a social pass will do
Actually Thailand is better if you intend to retire overseas. Not too much biased against Chinese.
Go ahead and enjoy the ladyboy too
Always worry about the policy
Want to have a good sleep also difficulty
You want to choose this kind of life 😅
For the last 10 years, I have been planning to retire in JB in our Austin Heights cluster semid. But family not keen and I watched the value of my JB house depreciate with forex. Now we are buying a Sg freehold landed which we already profit a million SGD even before exercising our option as we bought it cheap. Likely going to sell our JB house in the next 3 years.
Tink the new mm2h requires min stay of 90 days instead of 60 in MY. As for those tat already bought properties before this new mm2h launch, dun tink it make sense to request to buy another new property just to meet the new requirements of mm2h so can appeal if wanna go thru this new mm2h.
I am an US citizen. I don't want to buy any real estates in Malaysia. I will rent, rent, rent. I will keep my money to myself.
Hi Mr Loo. I think some inaccuracies in your video. Better to refer to the direct document from MOTAC. For example all the values are now quoted in USD, not in RM equivalents, and there is no 1 year requirement before withdrawing 50%. Also no income requirement. And you didn't mention the SEZ MM2H requirements which are super attractive to Singaporeans. Please do check out my video later tonight
Oh? I will wait for your video. All of us very blur now
@@1m65 didn't do homework before posting. Actually not blur from Ryan's video but now you make us more blur :(
stop spreading the news tt here is experience. stop boosting yr life style la
Based on the government site. Must stay at least 90 days accumulate a year. USD 150k FD ..must buy property at price of 600k and sbove after approval.
Changes to MM2H seems to impact non-Singaporeans a lot more as opposed to most Singaporeans who are just seeking an alternative retirement home so as to enjoy lower cost of living & at the same time enjoy the ease of crossing the causeway to their Singapore homes.
LkY already mentioned,
Everything changes at the stroke of a pen
Spending 750k to buy a home in Malaysia just to retire and forget about selling it when you die, google, difficulty to sell Malaysian properties
Might as well use the money for retirement
aiya, Anwar wants SG to buy up the ghost city (Forest City) la, that condo can house 1m ppl
stay in malaysia as a tourist forever. every 28 days fly to another country 2 nghts and than fly back.
The information is now trickling out and obviously further study is required but it seems that the compulsory property purchase may only relate to a new fourth category namely those acquiring property in a new special economic zone. (SEZ). The obvious candidate is Forest City. If you buy property there the other requirements to satisfy MM2H are reasonably attractive (better than Silver).
Longer term I expect this fourth category may interest Singaporeans especially if Forest City residents are able to cross the border easily and quickly.
Will be interesting to see how this unfolds as there are also possible alternatives in Sabah and Sarawak with far lower hurdles.
"The compulsory property purchase may only relate to a new fourth category namely those acquiring property in a new special economic zone. (SEZ)."
------->
What is the basis of your claim?
Nice to see my OC 6*8 Captain Loo giving an insight of what's going on in Malaysia...Sorry ,for me local citizen I'm bored here,died here simple.Retiring in Malaysia?You might as well say I'm retiring in Japan better....Lol
Any time will U turn ! Roti Canai way of working ,Malaysia Boleh !😂😂😂
one thing Singaporeans dont/refuse/cannot understand is that:
ALL policies in Malaysia are for the enrichment of politicians and royals. like how? Think.
a) Do Singaporeans have any idea how much the current Agong's (Sultan Johor) money is stuck with JB developers?
So the main objective of MM2H is to help the Johor Sultan to make money fro. his stakes in Chinese property developers in Johor. Think - if the Sultan wanted to benefit his rakyat, MM2H will not just restrict property purchases from DEVELOPERS only. in short, Mr Loo's purchase will NOT qualify for MM2H because he did not buy from the developer..so
b) 2nd red flag. Silver tier -renewable after 5 years BUT the property bought cannot be sold after 5 years. Can only Sell after 10 years. Think. if your MM2H doesn't get renewed (and they don't have to tell you why), what are you gonna do with your jb property?
c) And the property bought from developer is also subject to approval meaning that if you buy from a "non approved" developer eg non Forest City - its a no go for you!
Why forest city??? because the sultan has a 50% stake and Anwar made a deal with the Agong to scratch his back and get his own back scratched too..
Ya lah. He is the new Agong. Got strong say...
I worked for the Malaysian Government before, they are not dump and stupid like this statement. They are smart and flexible and will find solutions that will benefits Singaporeans too. They don't have any evil intentions in deceiving Singaporeans citizens money, at the end, the money and profit will back to the owners or their next kind.
Another thought is those who bought ppty as investment (not for own stay) from developer directly will they face challenge to let go their ppty as resale next time? Consider the price locked in? The supply?The buyer profiles taking into account the new SEZ mmh2 scheme? staying near CIQ in Sg is equivalent as staying near CIQ in jb with the advantage of arbitrage in currency...
As if the laws in Singapore do not exist to favour the politicians and the elite.
You are talking right out of your rear end.
Policy risk as usual. Roti prata style.
What risk ? there is no risk. Maybe in Singapore, there is too much risk. Properties are overvalued. All prices are hyper expensive, businesses are failing. Read the data, common sense... 😢
@@lpfong2538 Good luck!
Compulsory to buy new house? Sounds like trying to use foreigner to boost the price, as new development is rightly more expensive than the old one. Older ones will price according to new developments.
Malaysian policies keep changing. It's for the disadvantage for us locals as things gets so costly & low income groups have no reservations or foreign money to exchange into their currency today.
Dear Mr Loo,
I am thinking on the macro level. What good does it do for Malaysians, Malaysia and the Government of Malaysia to attract retirees. Retirees don’t drive economy anymore. Spending will be prudent logically.
So much fund will be locked in MM2H, doubt many will find it worthwhile to opt into it.
Once Bitten,
Twice Shy.
Never and Never again I kena 2nd time with flip- flpo of Malaysia rules & regulations.
Malaysia only good for short trips Holiday and enjoy cheap stuff.
if u want to sleep well at night, dont buy property in msia, ur money could go down drain with flip flop gahmen policy
At the end, the scenario in Malaysia is governed by demand first, then supply and is all about money into Malaysia. Not forgetting that the change of rule in Malaysia is according to their mood swing. So if you have to prepare for the up and down of the situation. It is advisable not to put four feet into the mud.
Is not Sg is expensive but Malaysia not progressing as much therefore cheap. Under new PM, the living standard will climb.
Iiving standard climb isn't that a good thing?
@@stephenang499 yes but there is rising cost that comes along.
The 60 days policy is fine, it is a Permanent Residence visa. The property purchase rule is not so good
maybe next time, foreigner can only buy new ppty from developer....
@@peterng3886 There is no restriction on buying second-hand houses for Platinum, Gold and Silver. Only Johor Special Visa requires buying houses from developers.
johor special visa requirement is lower than mm2h silver visa
You mean sez? Need us32k FD plus only buy new ppty from developer specified by the state
It’s not PR but a right to reside for a fixed term.
Simple lah. Sg govt also can play one mah. Singapore PR also limited it for malaysian lor😂😂😂😂😂😂😂.
A no go …to be there ….Still won’t change fm Dr M days 😂😂😂😂
Actually, there is no need to apply for mm2h. We can apply d 1 mth social visit visa each time. That is if you want to get yr passport stamped each time. For egate, the entry and departure only allows a 10 days stay period. After that, comes back to SG and re-enter malaysia again. I dont think any sporans will want to stay more than a mth each time in MY. Can come back to run errants and re-enter. I dont think its an issue. With d future RTS, makes travelling more convenient. Note that d 1/3 sporeans wants to retire and not migrate to malaysia.
Go in and go out, running round for retirement when u are already old and feeble. Cannot drive terok lah!
whats the point of staying there a while and coming back to sg awhile??
while you are back in sg sleep and shower where?? in east coast tent?? if it is in your own hdb flat/condo then what geographic arbitrage is there when you can't rent our your sg property??
@mchan1970 are you sure about 10 days limit via egate or you just bomb? So many people holiday in MY for more than 10 days and use egate.
It’s quite disruptive every 10 days in out. When you sometimes want to settle in and get into a groove enjoying retirement . Not sure if this idea is for everyone.
Thailand could be a better option. 😉
Not really. The language barrier is a problem.
Plus, the heat in Thailand is unbearable.
Not to mention Thailand has many draconian laws.
Maybe for wealthy investors. I'd keep my ear to the ground about how they are applying their new foreign remittances tax
Boss. Singaporeans were already interested in residing in Malaysia even before your " investment there " but thanks for sharing. 😅
I think what they want is a refresh of people. Many westerners will find it easy to start with.. For the existing people you may be forced to leave the program and sell off your property due to the new rules .. so from a high level perspective it creates financial activity on a large scale by way of rules.
Lol good luck with people thinking of retiring in Malaysia, the govt likes to do weird policies
There are over 10, 000 koreans liviing or retiring in Malaysia. Maybe you need to ask them.
@@lpfong2538 The Koreans might be running away from the constant threat of war from their nuclear armed neighbour. Malaysia is the perfect place for them to live or retire. If they could afford it in spite of the Malaysian government's policies, why not?
When this new MM2H is not appealing, the Malaysian government might revamp the whole system again. Always u turn, can't get things right. 😂 This is Malaysia. 😂
Don’t need MM2H. Retire in Malaysia - Yes. Buy a home in Malaysia to retire - No. Buy a car in Malaysia - No. Rent a 2bd or 3bd condo to stay and rent a car (as and when required). Every 1-2 years you can change and rent another ‘newly TOP’ condo. Your home in Singapore rent it out. The exchange rate will benefit you. Use the rental yield to finance your retirement in Malaysia. When you return to Singapore for short stay. Stay with your children home. Occupied 1 guest room. Give your children some money for the inconvenient. With the money given to them. Your children will welcome you.
Please don’t spread rumors. I find it non sensical that a federal policy is benefiting one state. That’s not how national policy works.
land of boleh like to flip pratah .so very risky. everytime a PM change,policy always change.tak boleh tahan.
What's the difference between platinum, gold & silver? I mean if terms the same, then all will go for silver. Cheaper.
Heresay only, there is another category SEZ, needs usd 32k FD, need to buy property from developer specified by state, valid 10 years, reneweable, age specified stay period combination by family members...
Mr Loo if 60-days a challenge, just go in Msia as tourist max 30-days at any one time & not exceed accumulative 180-days p.a. Boleh ? If MM2H so stringent, wonder who wld stay there ? Anyway, if response not so good - Msia will tweek, no need to worry so much ....
when PAS and Bersatu form the next Federal govt and johor suktan rotates out of Agongship, you think the tweak will be better or worse?
I posted this in your Telegram group too. The main risk to buying a house or retiring in Malaysia is policy risks. Their policies will not hesitate to slaughter Singaporeans and foreigners, especially for political gains.
remember CLOB
@@father88888 interesting. thank you for sharing.
It's nothing new. Malaysia government has always been flip flop on policies. Good luck to those who decide to invest or park your money in this country.
Where u got the 1/3 Singaporean plan to retire in Malaysia????are u a property agent????🎉
I got my MM2H back in 2016. Is there any requirement that I should now comply with? Specifically the 90 days minimum stay?
Just wait and see . Too many changes and can expect unexpected
Based on my understanding, foreigners who wish to buy property in Malaysia need to spend at least RM1 million in Kuala Lumpur and RM2 million in Selangor. However, with the new MM2H program, they can now purchase any property in Malaysia for a minimum of RM600,000. This is good news because many foreigners are interested in buying property in Malaysia, but not everyone can afford a RM1 million property.
For those who want to live in Malaysia and do not want to apply for MM2H, they can apply for the Malaysia Digital Nomad Visa, which can be renewed yearly.
For those who do not want any sort of visa program, it is still possible to stay in Malaysia. Singaporeans, for example, can stay for up to 30 days.
In conclusion, to live in Malaysia, MM2H is not the only option. Many people can find ways to live in Malaysia without it.
Why got 3 tier, platinum, gold & silver? If no difference then all pp will sure go for silver, cheaper?
Silver cannot work, invest and do business. Only Platinum can.
SINGAPORE.. Excellent country to retire.
33% of SG population is 2 million. You say they want to retire in Malaysia? Sure or not? Don't anyhow bluff. Talking nonsense must have a limit. Don't overdo it and make a fool of yourself. Malaysia is forever breaking its promises. The rules keep changing. The whole world knows that by now. Who bothers to retire in Malaysia when you can stay in SG and travel to Asean countries for holidays? This lack of ethics and honesty in Malaysia government means if you buy a house in Malaysia, you are in DANGER.
My candidates for retirement are Penang, Changmai, Kuching, and Hangzhou. Will select one or two for the final decision.
U don’t check Penang constantly face politics from Kl,,due to Chinese domination in Penang..u still want move there?
@@chinchowpowpook Will investigate further. BTW, I trust the Chinese state GOV in Penang more than the federal GOV.
I think its more correct to say 33% of those surveyed wanted to retire in Malaysia. The actual number depends on the sample size and who they surveyed.
What non senses you're talking. You better go to New York and stay. 😃
Prata nation turns off FDI and potential rich retirees. Never going there to retire for good…renting might be a wiser option
why sgrean even bother with mm2h if all you plan is to stay in JB? visa run is definitely doable in long term
Choose Sarawak mm2h or Sabah mm2h or SEZ mm2h, forget about mm2h especially platinum is stupid in terms of the more you pay, the less you deserve.
ah... First sensible comment I see in this topic 👍
The latest mm2h target for following type of foreigners 1) Rich people who prefer to have big landed houses but not for PR status. 2) real financial free people, not those people still need to create active income. 3)worry of crash of world financial market n prefer to park some of their $$$ to hard assets like cheap freehold property in MY
Malaysia change government like changing iphone, every change will have shifts in policies...uncertain for business n others
Malaysia is famous for prata one. 😂😂😂😂😂😂😂.
So basically the property developers are paying a kickback to some special folk
Think the 60 day local residency and the removal of PR eligibility is official. Not sure about the need to buy new property from a ‘new’ developer as a criteria for all the 3 Visa categories is perhaps not true. I think its just rumour and not true. It cannot be that MM2H applies entirely to JB only… what about the other regions like KL, Penang etc.. they wont be benefitting at all? Cannot be… this visa policy is at Federal level not local and in JB only?
Good news for Singapore 🇸🇬?
Singapore pmets can get out of Singapore. It is not worth working in Singapore and spending in Singapore.
v risky to invest in property in msia as gahmen keeps on changing policy
Unless Singaporeans intend to live permanently in malaysia, buying over a million worth of real estate is dangerous because it will be hard to sell it off later. Not many ordinary Malaysians have that kind of disposable money to buy over a million worth of property especially nowadays it has become much harder to get loans. The only sub-sale market for your properties are the singaporeans. If policies again changes NOT in the favour of singaporeans who wants to stay long term in Malaysia, it would make it that much harder to dispose of your holiday home in Malaysia. Unless of course you are ok to let it go at any price.
Be careful. Roti Plata nation change policies like we change trousers. Today say one thing tomorrow next. Think Forest City. Poor China men kena terok ARRH. ARRH.
Mr Loo, prev. you said will only stay in JB long term after you retire? By then 60 days won't be a problem for you.
Mr Loo is still very young 50+, with smooth skin, thick hair and having active lifestyle globetrotting.
Mr Loo also becoming roti prata. Too much breathing JB air...😂
MM2H No longer an option now. That is a pitty. Maybe Indonesia wants my money. Moving on.
There is another MM2H category which is for special economic zone