Retirement
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We hope to rent it out first but I guess tenants may be hard to find so we will prob end up using it as a weekend home....
Can go shopping there every weekend...milk powder is at least S$20 cheaper per tin and parking was only RM$1! Can get sharks fin for S$10+ too!
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Originally posted by mummy1234:
Zulkifli, whereabouts did u buy in JB? Did u buy more than one? Hope to learn more from yr experience semiretiring there...whatabout kids and their schooling?
Actually, my seller has to give a bumi release letter before state consent can be given.She misunderstood that state consent was rejected and had wanted to terminate the sale so we have explained to her and now awaiting her reply. She would have to pay 10% of purchase price as damages if she still insists to terminate so hopefully she will not.
At Taman Sri Putri, Skudai district, JB. It's an International Lot, bought in 1992 as weekend home during PM Mahathir time. No, just one. If you want to buy a couple of landed or condo properties in Malaysia....you must have good personal contact with the local bankers to support you in property investments....most Malaysian property investors have that. About your kids schooling in Singapore....there are many school vans/buses to charter for your kids transportation in and out of Singapore. Many Malaysians and Singaporeans with young kids studying in Singapore are doing that. -
DO u commute to work in Sg or work in JB?
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Originally posted by mummy1234:
We hope to rent it out first but I guess tenants may be hard to find so we will prob end up using it as a weekend home....
Can go shopping there every weekend...milk powder is at least S$20 cheaper per tin and parking was only RM$1! Can get sharks fin for S$10+ too!
You can rent it out to those Malaysians working in Singapore or those foreign expatriates working in JB there many of them now but, as you said difficult to get good tenants but you can seek the help of the local property agency to help you with that. One thing though about renting it out....usually your property will not be well taken care off. Well, its a fact Singaporeans are shopping for their weekly or monthly groceries more and more now in JB. Those Singaporeans living in JB will be a plus for them and most of them having more savings in their bank account now. -
Originally posted by mummy1234:
DO u commute to work in Sg or work in JB?
I work part-time or freelance basis in Singapore. If you read my past postings within this topic you will know how I commuted in and out of Singapore. I resigned from my full-time job in March 2012 and went into semi-retirement...I'm going to be 51 year young this year. -
The prob with renting is the high tax of 24% that we have to pay . But apparently if the rental agreement goes unstamped, we can avoid paying this tax. But dunno if legal or not...
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Most Malaysians when renting out their landed property...nothing happens. I don't know about for foreigners if they do that what will happen...I never rent it out to anybody.
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Oh, so most Malaysians let their rental agreement go unstamped when renting out? Good to know nothing happens to them. That is what my agent said too. She said if any future dispute just need to pay a small fee to get it stamped to settle dispute more easily...
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Yes. I .guess you can do likewise....anyway...living in housing estate area in Austin Heights...the neighbours there wouldn't be so nossy...lols
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I hope so...
So how do u occupy yr time after semiretirement? Do u feel bored sometimes?
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Well, you must get used to it...time really slow down...you have to be active in mind and body...be creative...mingle with the people around you neighbourhood get to know them...regardless young or old...I usually take my time in anything I do here that are not important or urgent...because if I rush it to have it done quickly...then later I have nothing to do lols...I have plenty of time here...-beside I can still watch Singapore tv channels on tv and receive Singapore radio channels too in Skudai JB...so its like I'm in Singapore still...only more quiet and relax..
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Just watch an Taiwan travel show and for those who didn't know, if you retired and want to travel to the world No.1 best beaches in the world to enjoy, that where you have to go to Seychelles. This is the place where National Geographic rank this as number 1 beach of all the beaches around the world!
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HI Zulkifli, do u happen to know if we can bring in our Sg maid on social visit pass to work for us without MM2H or if we can hire a parttime maid in jb without MM2H?
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To bring along your maid on social visit pass for a short visit to your home in JB is ok but to bring your maid when you on MM2H while she is on social visit pass to work for you in JB is definitely a no no. And to let part time maid from Singapore on social visit to work for you is also illegal. You could do that but don't get caught. I think if you really want your present maid to work for you when you live in JB, you need to apply for a domestic maid work permit in Malaysia. The other alternative is you look for a maid in JB itself via the maid agency there.
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Thanks, found out from another forum that I can hire a parttime maid in JB without MM2H so will prob do that...
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Yes correct, you can still hire a part-time or full-time maid in JB even if you have no MM2H is legal.
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I Singaporeans need MM2H to hire a fulltime maid in JB?
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No need. Btw, what nationality maid are you looking for?
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How much to retire in Singapore?
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Not looking at any particular nationality for parttime maid.
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I think my husband and I will need S$4k a month at least to retire in Sg.
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Originally posted by charlize:
How much to retire in Singapore?
depends whether you eat caipng or lasi lemak.
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Sometimes feel like selling everything in Sg and retire now as putting the money in a fixed deposit can also give us S$5000+ a month, more than enough to live on in JB. Can even put children in international schools...when time for uni can use some of the capital which had been protected to put them in IMU in KL where their medical graduates can work in Sg. The remaining money in fixed deposit can still give us S$3000+ a month even if we spend S$600k on their uni fees...
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Originally posted by mummy1234:
Sometimes feel like selling everything in Sg and retire now as putting the money in a fixed deposit can also give us S$5000+ a month, more than enough to live on in JB. Can even put children in international schools...when time for uni can use some of the capital which had been protected to put them in IMU in KL where their medical graduates can work in Sg. The remaining money in fixed deposit can still give us S$3000+ a month even if we spend S$600k on their uni fees...
5000 a month is 60000 a year in interest.
Assuming 1% annual interest, that means you have 6 million dollars.
6 million not enough to retire?