Should I semiretire in JB now?

[RexxarLoh]

Was it at RM500k, before it was raised to rm800k then to rm1 million?

Yes, it was just RM500k at end of 2013 for both landed and condos.

The RM1million requirement was imposed at around march of 2014. Only certain condominium projects which obtained building rights obtained before 2014 March are able to sell their units to foreigners at RM500k minimum price. However condominiums have more uncertainty than landed.

Sad, my family missed the chance in 2013. Now a lot of things are uncertain.

 

[lifeafter41]

Yes, it was just RM500k at end of 2013 for both landed and condos.

The RM1million requirement was imposed at around march of 2014. Only certain condominium projects which obtained building rights obtained before 2014 March are able to sell their units to foreigners at RM500k minimum price. However condominiums have more uncertainty than landed.

Sad, my family missed the chance in 2013. Now a lot of things are uncertain.

Miss the chance could be blessing in disguise.....
If you have bought at 500k, now want to sell 1kk, sell to who??
Malaysian will not buy condo at 1kk when they can buy landed at that price with bigger areas.......
As for foreigners....it’s more of a greater fool theory.

 

[gld998]

I think you think too much

Pls. U miss the boat jelly here and there. Hide your money under your bed in a milo tin better for u. No risk.

Miss the chance could be blessing in disguise.....
If you have bought at 500k, now want to sell 1kk, sell to who??
Malaysian will not buy condo at 1kk when they can buy landed at that price with bigger areas.......
As for foreigners....it’s more of a greater fool theory.

I want to condo at KL Central but cannot get below 1.5k per square feet. Jb u tio burn for sure.

Sent from HUAWEI SHT-AL09 using GAGT

 

[RexxarLoh]

Pls. U miss the boat jelly here and there. Hide your money under your bed in a milo tin better for u. No risk.

I want to condo at KL Central but cannot get below 1.5k per square feet. Jb u tio burn for sure.

Sent from HUAWEI SHT-AL09 using GAGT

It is not meant for investment but for living. i know that definitely foreigner will have to buy at a more expensive price than locals. But compare to Sg it is much cheaper.

If I am not wrong. KL foreigner limit has been RM1million even before 2014 March.

 

[homer123]

Read this article about semi-retiring in JB ..not sure whether it was posted here.
https://www.edgeprop.sg/property-news/lure-comfortable-semi-retired-lifestyle-just-1500-month

ByCecilia Chow/ EdgeProp Singapore
|
June 9, 2018 7:30 AM SGT
Boaz Boon believes that living a semi-retired life is not just for the very rich in Singapore. He sees it as something within the reach of most Singaporeans. In fact, based on his estimates, one can live quite comfortably on a monthly income of $1,500 — by stretching the dollar across the Causeway.
“At $1,500 a month, one can barely make ends meet in Singapore,” says Boon. It amounts to just 55% of the median monthly income from work per household member in Singapore, which, according to the Department of Statistics, was $2,699 in 2017. A monthly income of $1,500 in Singapore would mean living in “relative poverty”, as it is less than 60% of the median income, going by the definition of the United Nations Department Programme.

After spending 15 years with CapitaLand, where his last position was head of research, Boon left and founded Thred in 2016. The firm specialises in real estate and design thinking. Boon is also a director of VestAsia, where he heads the real estate advisory business.

On his decision to give up his corporate job, he says: “After I turned 50, I decided it was time to quit the rat race.”
Second home

Boon spends part of his time in Johor Bahru, in a newly completed semi-detached house on Jalan Bijaksana, an established upper-middle- class housing estate.

In Singapore, he and his wife live in a comfortable executive apartment in Choa Chu Kang that they purchased in 1998 and designed to suit the needs of the family. Boon and his wife have two adult sons.
According to Boon, driving time is just 25 to 35 minutes door to door from his home in Singapore to the one in Johor Bahru. He likes the flexibility of taking off to Johor Bahru for a short break and returning to Singapore for meetings and business engagements. And he does not have to give up holidays in Europe either. In fact, he now has more time for holidays.

 

[RMCWMR]

Pls. U miss the boat jelly here and there. Hide your money under your bed in a milo tin better for u. No risk.

I want to condo at KL Central but cannot get below 1.5k per square feet. Jb u tio burn for sure.

Sent from HUAWEI SHT-AL09 using GAGT

No. Miss the boat is good for me. I remembered sinkies rushing to buy iskandar projects at rm1200psqft. Luckily i check with my malaysian friend that told me sure burn. Today, that proved true. Same with certain development in KL.

 

[RexxarLoh]

Read this article about semi-retiring in JB ..not sure whether it was posted here.
https://www.edgeprop.sg/property-news/lure-comfortable-semi-retired-lifestyle-just-1500-month

ByCecilia Chow/ EdgeProp Singapore
|
June 9, 2018 7:30 AM SGT
Boaz Boon believes that living a semi-retired life is not just for the very rich in Singapore. He sees it as something within the reach of most Singaporeans. In fact, based on his estimates, one can live quite comfortably on a monthly income of $1,500 — by stretching the dollar across the Causeway.
“At $1,500 a month, one can barely make ends meet in Singapore,” says Boon. It amounts to just 55% of the median monthly income from work per household member in Singapore, which, according to the Department of Statistics, was $2,699 in 2017. A monthly income of $1,500 in Singapore would mean living in “relative poverty”, as it is less than 60% of the median income, going by the definition of the United Nations Department Programme.

After spending 15 years with CapitaLand, where his last position was head of research, Boon left and founded Thred in 2016. The firm specialises in real estate and design thinking. Boon is also a director of VestAsia, where he heads the real estate advisory business.

On his decision to give up his corporate job, he says: “After I turned 50, I decided it was time to quit the rat race.”
Second home

Boon spends part of his time in Johor Bahru, in a newly completed semi-detached house on Jalan Bijaksana, an established upper-middle- class housing estate.

In Singapore, he and his wife live in a comfortable executive apartment in Choa Chu Kang that they purchased in 1998 and designed to suit the needs of the family. Boon and his wife have two adult sons.
According to Boon, driving time is just 25 to 35 minutes door to door from his home in Singapore to the one in Johor Bahru. He likes the flexibility of taking off to Johor Bahru for a short break and returning to Singapore for meetings and business engagements. And he does not have to give up holidays in Europe either. In fact, he now has more time for holidays.

Thanks for the sensible and comprehensive information provided

 

[yoongf]

https://www.trilinq.life/cat/181/no...KCmiVgjLOsMIXnd9lzsEDfIgx4Z2DzUQqV6u_uUatMNuA

 

[henrylbh]

ByCecilia Chow/ EdgeProp Singapore
|
June 9, 2018 7:30 AM SGT
Boaz Boon believes that living a semi-retired life is not just for the very rich in Singapore. He sees it as something within the reach of most Singaporeans.

It was never meant for the very rich. May be for the not so rich. Even not so rich may shun the place.

 

[RexxarLoh]

ByCecilia Chow/ EdgeProp Singapore
|
June 9, 2018 7:30 AM SGT
Boaz Boon believes that living a semi-retired life is not just for the very rich in Singapore. He sees it as something within the reach of most Singaporeans.

It was never meant for the very rich. May be for the not so rich. Even not so rich may shun the place.

No country is 100% good, focusing on the downside (Crime rate) which is no doubt higher than Singapore and overlook other areas is not a good perspective to look at things.

If you just look into crime rate, then all SEA countries are no longer good places and you will be trap in a 'look safe' but full of scams, stress, high cost and lack of community spirit place.

 

[little pupsky]

What’s the point of other upsides if this major downside (crime rate) is serious? Not all factors should be weighted equally. I’m sure no one wants to have a nice retirement home only to be at high risk of burglary or to have some nice regular retirement cash only to be at high risk of being robbed etc etc etc.

No country is 100% good, focusing on the downside (Crime rate) which is no doubt higher than Singapore and overlook other areas is not a good perspective to look at things.

If you just look into crime rate, then all SEA countries are no longer good places and you will be trap in a 'look safe' but full of scams, stress, high cost and lack of community spirit place.

 

[RexxarLoh]

What’s the point of other upsides if this major downside (crime rate) is serious? Not all factors should be weighted equally. I’m sure no one wants to have a nice retirement home only to be at high risk of burglary or to have some nice regular retirement cash only to be at high risk of being robbed etc etc etc.

I agree with your point. How serious do you think it really is? I have friends who are living in JB since birth, they do agree that JB is not as safe as Sg, but it is also not as bad as Singaporean thinks. I think it is because of media coverage.

And most people won't put huge stacks of money at home, even if there is no robbery, the inflation will rob you over time.

 

[Toni90]

I agree with your point. How serious do you think it really is? I have friends who are living in JB since birth, they do agree that JB is not as safe as Sg, but it is also not as bad as Singaporean thinks. I think it is because of media coverage.

And most people won't put huge stacks of money at home, even if there is no robbery, the inflation will rob you over time.

Who are your friends? What kind of job they are doing?

 

[RexxarLoh]

Who are your friends? What kind of job they are doing?

lol, is not about the job. Is about how you present yourself and behave in public.

 

[Merg91]

Her grandma story 第105 集still no ending in sight?

Lol to believe retirement = Iskandar

Reading Library's 'Thrive in retirement' by Eric Thurman.

 

[RMCWMR]

What’s the point of other upsides if this major downside (crime rate) is serious? Not all factors should be weighted equally. I’m sure no one wants to have a nice retirement home only to be at high risk of burglary or to have some nice regular retirement cash only to be at high risk of being robbed etc etc etc.

While there are burglary in JB they are not as bad as you think it would be. Sinkies tend to overthink things. Otherwise there won't be thosands of sinkies living in JB today

 

[RMCWMR]

Who are your friends? What kind of job they are doing?

Does it matter? You think robbers will ask your occupation before robbing you? LOL

 

[Merg91]

The rich don't 'retire' in JB.
Only those Sinkies not-so-rich but want-landed /condo do that.

Luck more likely to run out for some in those top crime cities:
https://www.numbeo.com/crime/region_rankings.jsp?title=2019-mid&region=035

While there are burglary in JB they are not as bad as you think it would be. Sinkies tend to overthink things. Otherwise there won't be thosands of sinkies living in JB today

 

[RMCWMR]

The rich don't 'retire' in JB.
Only those Sinkies not-so-rich but want-landed /condo do that.

Luck more likely to run out for some in those top crime cities:
https://www.numbeo.com/crime/region_rankings.jsp?title=2019-mid&region=035

True. The rich don't retire in JB. But so scared then build an iron cage in Singapore and lock yourself up lo. That way won't kena rob

 

[OngHuatHuat]

True. The rich don't retire in JB. But so scared then build an iron cage in Singapore and lock yourself up lo. That way won't kena rob

It is correct, I plan to retire in JB coz I am poor.