Quote:
Originally Posted by Unregistered
True, quitters who migrate overseas but never give up citizenship should not be allowed to rent out their flat.
But difficult to implement especially when it will also impact those elderly n lower income citizens who move to other places like JB because they cannot afford the high cost of living here
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Your
HDB is not just a home but an asset. When you retire, you can rent out your 5 room
HDB flat for $2500 pm. You can use this rent to convert to RM7500 pm (S$1 = RM3). RM7500 pm is a lot of money in Malaysia for 2 persons.
You can rent a new 2 bedroom condo in Penang for RM1,000 pm. There is a HUGE OVERSUPPLY of properties in Malaysia, that is why rent there is so cheap.
You can use the rest of your money to rent a car and enjoy eating at restaurants.