Retirement
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@summer hill....genie approves yer retirement plan :-)
but...there is 1 flaw
said condo is prob at least 700k. taking that as yer first property by the time u gain enuf equity to buy another its time to leave planet earth. yer only chance is via cap apprec which is time consuming and luck/skill based. there is a reason ppl say sg is a playground for the rich....the real estate in sg is for the wealthy to invest. the low tax makes it attractive.
all is not lost however. get a 3-4 rm hdb flat then look at overseas mkt.
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@summer i basically did what u did except i bought small properties overseas 3-400k then rent out. once i became too positive geared i bought another to keep my tax low. i am in my mid 30s and my job is now my secondary income. the rental i get outstripped my salary. this is when u think of retiring.
self made dun wry. nothing to do with yer family background. u can do it too :)
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@summer o n i started working at 28 before that i was only interested in zouk and mhd sultan and liquor lol if you r young and i think u r. its a blessing u have the mentality at yer age.
well start doing it and dun procrastinate. start saving and FD it in an overseas bank if posible. if u can get PR elsewhere do it. not bcos u want to work there blah blah bcos u can access both sg and the country u have PR at discounted price :)
discount meaning u can get arnd the rules the govt implements to safeguard their people to purchase real eatate.
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Originally posted by Genie99b:
@summer o n i started working at 28 before that i was only interested in zouk and mhd sultan and liquor lol if you r young and i think u r. its a blessing u have the mentality at yer age.
well start doing it and dun procrastinate. start saving and FD it in an overseas bank if posible. if u can get PR elsewhere do it. not bcos u want to work there blah blah bcos u can access both sg and the country u have PR at discounted price :)
discount meaning u can get arnd the rules the govt implements to safeguard their people to purchase real eatate.
Yup, Singapore is a playground for the rich. I will get most probably a PR at china [lolz] and invest in their properties. Hong Kong is a good market as well.
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Need abt 150k to 200k for retirement. Hmm
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Originally posted by All the Best!:
Need abt 150k to 200k for retirement. Hmm
wa so expensive uh?
How you know uh? -
Originally posted by SBS 7603R:
wa so expensive uh?
How you know uh?
Visit the previous pages and got somebody calculate so approx. that amount -
Originally posted by All the Best!:
Visit the previous pages and got somebody calculate so approx. that amountAha i know it before you posted.. lol anyways thanks..
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Originally posted by Summer hill:
Yup, Singapore is a playground for the rich. I will get most probably a PR at china [lolz] and invest in their properties. Hong Kong is a good market as well.
china has high risk of prop bubble ...prices r vry hot....hk is same as singapore....try usa if u can the proprty market is in its low so good opportunities i suppose u basically want a country where the wages r good and property is affordable no pt buying property where the ppl cannot afford to rent.
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Cheaper better faster?
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Originally posted by Summer hill:
don't put money in the bank. it is as useless as CPF.
spread it around in gold, properties, land investment.
Do like what the Singapore Government do with our hard earn CPF money. See GIC... http://www.gic.com.sg/en/See where and what they do with our CPF money for oversea investments. So besides your CPF money....so now if you have some money to invest overseas....do it and invest it directly for yourself and for your own profit...
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25 years retirement oready in Sg, no problem what.
No need work everyday can drink kopi and watch short skirts fly fly.
Sg is best lah
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don't know leh. Quite far.
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I think need at least 1 million to retire comfortably at 60 years old.
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YACHT OWNERS Johor Bahru is accessible for yachts whose height of mast is less than 25 meters from waterline. Sail 13 miles up the western arm of Jahor Straits, past Raffles Marina and under the centre span of the Tuas Bridge, (the "Second-Link" bridge), which has a minimum vertical clearance of 25 meters at HWS. Proceed upstream, staying away from the Singapore coast and keeping close to the Malaysian mainland all the way. All yachts requiring clearance here must ensure they fly the Q flag, otherwise they may be fined. Yachts coming from Sebana and other ports in Malaysia also have to do harbour clearance here. Clearance can be completed at Puteri Harbour, but still not possible at Danga Bay marina itself, however, the marina will arrange for free transport to the apropriate offices and facilitate clearance. Immigration is at the causeway and the Harbour Master (in Jabatan Laut), 1km along the waterfront from the anchorage, towards the causeway, as is the Customs office. Customs is only required for outward clearance and issue of Port Clearance after clearing out with the Harbour Master. Immigration outward clearance is not required if stopping at further Malaysian ports. Passports receive a new entry stamp, which is good for three months stay in Malaysia, each time you return across the causeway from Singapore. Last checked February 2012. ANCHORING Anchor close to the causeway but on the Malaysian side. There is plenty of room between the Customs wharf and the causeway and the holding is good. There is no charge and the boats seem to be safe here with no thefts reported so far. The dinghy can be tied up at the Customs pontoon and left for days whilst you go into Singapore etc. Visitors from yachts are advised to wear shirts when walking through the Customs base and to wait while the men are on morning parade and prayers - or at least walk discreetly at the rear of the parade. This is of concern to the Commandant at times. This is a free and secure mooring and it would be a shame if it were to be discontinued because of the annoyance caused by a few. Yachts can also anchor in 4.0 to 7.0 meters with excellent holding in mud/clay at Lat 01.28.47N and Long.103.43.37E just off Danga Bay Marina for free. A member of the marine staff will come out in a dinghy to welcome you and give you a choice of the best places to anchor. A floating pontoon dinghy dock is directly in front of the anchorage and has 24/7 security. Free water is also available at the dinghy dock for either jerry cans, or yachts can come alongside for water by prior arrangement. In addition there are three yellow buoys for mooring by yachts. Although is is not clear how much has changed since the marina has been built here. Close by are shops, restaurant, a reasonable supermarket, internet access and a laundry. MARINAS Danga Bay Marina, previously an entertainment centre, is now under new management and much improved. It is situated 5km by road from the centre of Johor Bahru and the causeway to Singapore. Buses to and from Johor Bahru stop right outside the complex every few minutes. You need to have the exact bus fare of RM1.10. Taxis also pass by regularly (marina information updated September 2013). A new marina, Puteri Harbour, opened on 15th January 2009, and is situated 30 minutes away from Johor Bahru. Clearance formalities can all be completed at Puteri Harbour. CRIME Penang and JB are reported to be the worst areas for crime in Malaysia. Take necessary precautions when going ashore and if cycling, be sure to cover baskets/crates to avoid bags being snatched. Last updated January 2013. DANGA BAY MARINA Tel: +607-221 5688 Fax: +607-221 5688 ,VHF Channel 74 [email protected] Danga Bay Marina is located just after a floating fish farm on your left, with several large fisherman houses on stilts on the right. From the entrance you can also see the distinctive roof line of the complex and four 14 storey apartment blocks which are part of the Danga Bay development. The marina entrance has now changed significantly as the entrance channel is being dredged. Probably the best approach is to the west of the dredgers. DON'T go between them and the reclaimed land as before, as they are tied to steel drums attached to the shore. Keep 100 metres to the west in 2 metres of water. Because of dredging operations it may be necessary for your boat to be moved. Call on 74 on approach for advice on where to berth. If no answer, anchor off and dinghy in. There is usually plenty of empty berths. Toilets above the office with 1 shower in the ladies toilet. Berthing is 100Rm a week plus power. 50Rm a week extra if you leave the vessel unoccupied. Water is currently free (requires filtering and/or treatment to be potable) as is Wi-Fi. Staff very helpful but VHF not always monitored, so best contacted by phone. Very handy for supplies. Marina will arrange free transport to facilitate clearance. They also arrange fuel & gas runs twice a week. Laundry drop off close by. Currenly (Feb 2013) there is a daily shuttle bus sevice to to Danga City Mall at 10am. PUTERI HARBOUR Puteri Harbour Satellite Clubhouse , Lot PTD141090, 79000 , Nusajaya, Johor, Malaysia Tel:+607 530 2122 Fax:+607 530 2125 ,VHF Channel 18 [email protected] Latitude 1°25’N ; Longitude 103°39.5’E. Air draft at the Second Link Bridge is 25m at HAT. All facilities. Clearance, 24hr security, laundry, cafe, chandlery, bike rental, free shuttle to markets, town and airport. http://www.noonsite.com/Countries/Malaysia/JohorBahru http://www.noonsite.com/
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If you are in Singapore and you are going for a train trip to other parts of Malaysia, buy the train ticket at Johor CIQ in Johor Bahru…cheaper because you will be purchasing it in Malaysia Ringgit currency. MALAYSIA RAILWAY – KTM http://www.ktmb.com.my/
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Fishing Bay Resort With its picturesque boat-lined riverfront, the fishing town of Mersing on the east coast of Johor is well-known as the main ferry terminal for passengers bound for the famous Tioman Island and other outlying islands in the Seribuat Archipelago. http://www.fishingbayresort.com/
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JAPAN AIRLINES http://www.jal.com/
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JOHOR TOURISM http://www.johortourism.com.my/ MALAYSIA TOURISM http://www.tourism.gov.my/
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EXPATISTAN Compare cost of living between…... http://www.expatistan.com/cost-of-living
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