Hello,

We need some advice and opinion from this forum.

My wife and I are both retired and our son is now working overseas (likely to be away for many years as he plans to marry and settle down there). We are thinking of staying in JB. We plan to rent out our fully paid 5 room HDB flat for S$3,000 per month (RM7,500). We are able to rent a brand new 3 bedroom condo in JB for RM1,000 per month (many new condos renting out at this price due to big property oversupply in JB).

Is our RM7,500 per month passive income enough for us to retire on?

Hope to hear from those who are already retired in JB or knows about the living costs in JB.

How much do I need to set aside for food, utilities and transport?

Thank you for your help.