How much are you earning per annum?

Finally, a car salesman who knows his days as a car salesman is numbered. He asked for car population to be reduced and so fewer cars to sell. Next time no need for salesman liao. Maybe like stocks, buy and sell through internet.

Originally Posted by Unregistered

Just a gentle reminder

THE SINGAPORE MOTOR SHOW will start this Thursday 15 Jan 2015 at Suntec

15 jan - 18 jan 2015

If you already bought your car, good for you because I expect COE prices to shoot up due to the high demand for new cars generated by the motor show

Cat A should go to $70k at least

Cat B should go to $80k at least

In 2016, price should go higher


We have too many cars on the road, we need to reduce the number of cars drastically or else we have traffic jams everywhere

CoE will start its decline after this CNY when the quota increases. No doubts about it.
Only ths car salesman is still in his denial state.
maybe he bought a car too expensive and doesnt want his car value to plunge so quickly.

Originally Posted by Unregistered

Finally, a car salesman who knows his days as a car salesman is numbered. He asked for car population to be reduced and so fewer cars to sell. Next time no need for salesman liao. Maybe like stocks, buy and sell through internet.

Obviously he is not a car salesman. He would not be saying we need less cars on the road as he would then sell less cars.

For those who worry about retirement, my advice is don't be worried. As long as you have invested in a HDB flat (you bought a very cheap BTO flat) and has met the CPF min sum, you will be ok if you have an open mind.

You don't have to retire in Singapore but retire in many countries around the world. The best place would be in some parts of Malaysia. Penang would be a good city to retire as it is cheap and not as crowded as KL.

Since you own a HDB flat, when you retire, you can sell it for at least $400k. You then invest in a 5% dividend yield portfolio which gives you $20k pa in dividends. Your CPF Life will give you $2.4k pm (for a couple) or $28.8k pa. So in total you have $48.8k pa in passive income. When you convert to RM, you get RM130k pa or RM10k pm.

Your expenses will be:

1. Rent a nice 3 bedroom condo in Penang RM1,000 pm.
2. Food and utilities RM2,000 pm
3. Transport and petrol RM500 pm
4. Clothings and misc RM500 pm
Total RM4,000 pm

You can then save RM6k pm or RM72k pa. This can be used for travelling the world.

So, you retire in a nice condo and can travel the world. Isn't that wonderful!

So, you must have the most important assets: HDB flat and CPF min sum.
The best formula towards a good retirement.

Has anybody done this before. What I know are:

1. M'sia has the M2H program which has certain criteria to be met.
2. Only richer Singaporeans has retirement homes in M'sia while still keeping their current home in Singapore.

So far, I have not heard of anyone who retired in M'sia while not on the M2H program and have sold off their home in Singapore.

So hope those who have sold off their homes in Singapore and retired in M'sia can share their stories. If you are not on the M2H program, you will need to have your passport stamped every 30 days? Very troublesome.

Originally Posted by Unregistered

For those who worry about retirement, my advice is don't be worried. As long as you have invested in a HDB flat (you bought a very cheap BTO flat) and has met the CPF min sum, you will be ok if you have an open mind.

You don't have to retire in Singapore but retire in many countries around the world. The best place would be in some parts of Malaysia. Penang would be a good city to retire as it is cheap and not as crowded as KL.

Since you own a HDB flat, when you retire, you can sell it for at least $400k. You then invest in a 5% dividend yield portfolio which gives you $20k pa in dividends. Your CPF Life will give you $2.4k pm (for a couple) or $28.8k pa. So in total you have $48.8k pa in passive income. When you convert to RM, you get RM130k pa or RM10k pm.

Your expenses will be:

1. Rent a nice 3 bedroom condo in Penang RM1,000 pm.
2. Food and utilities RM2,000 pm
3. Transport and petrol RM500 pm
4. Clothings and misc RM500 pm
Total RM4,000 pm

You can then save RM6k pm or RM72k pa. This can be used for travelling the world.

So, you retire in a nice condo and can travel the world. Isn't that wonderful!

So, you must have the most important assets: HDB flat and CPF min sum.
The best formula towards a good retirement.

COE prices will not plunge for sure. Slight drop if at all.

This is because the demand is still there, but the supply is tightly controlled by the government who will not want a glut situation and who already said car population is too high.

You can see that the government is speeding up the opening up of new MRT stations and lines and at the same injecting more buses onto the roads. They will thus not want more cars on the roads which are already very congested!

Originally Posted by Unregistered

CoE will start its decline after this CNY when the quota increases. No doubts about it.
Only ths car salesman is still in his denial state.
maybe he bought a car too expensive and doesnt want his car value to plunge so quickly.

Yes, we have too many cars on our roads. Besides our local cars, there are also Malaysian cars. Our roads are congested very badly. We need to reduce our car population by at least 30% over the next 5 years. We can then increase the number of buses, especially feeder buses that bring commuters to MRT stations.

Originally Posted by Unregistered

COE prices will not plunge for sure. Slight drop if at all.

This is because the demand is still there, but the supply is tightly controlled by the government who will not want a glut situation and who already said car population is too high.

You can see that the government is speeding up the opening up of new MRT stations and lines and at the same injecting more buses onto the roads. They will thus not want more cars on the roads which are already very congested!

Rather optimistic assumptions.

1. 5% yield so easy to find? Risk free?

2. Cost of condo RM1k? You sure or not. Those very old and scary type is it.

3. Living expenditure on food, should allocate RM100 per day. That will be RM3000 already per month.

Need to relook into the calculation.

Originally Posted by Unregistered

For those who worry about retirement, my advice is don't be worried. As long as you have invested in a HDB flat (you bought a very cheap BTO flat) and has met the CPF min sum, you will be ok if you have an open mind.

You don't have to retire in Singapore but retire in many countries around the world. The best place would be in some parts of Malaysia. Penang would be a good city to retire as it is cheap and not as crowded as KL.

Since you own a HDB flat, when you retire, you can sell it for at least $400k. You then invest in a 5% dividend yield portfolio which gives you $20k pa in dividends. Your CPF Life will give you $2.4k pm (for a couple) or $28.8k pa. So in total you have $48.8k pa in passive income. When you convert to RM, you get RM130k pa or RM10k pm.

Your expenses will be:

1. Rent a nice 3 bedroom condo in Penang RM1,000 pm.
2. Food and utilities RM2,000 pm
3. Transport and petrol RM500 pm
4. Clothings and misc RM500 pm
Total RM4,000 pm

You can then save RM6k pm or RM72k pa. This can be used for travelling the world.

So, you retire in a nice condo and can travel the world. Isn't that wonderful!

So, you must have the most important assets: HDB flat and CPF min sum.
The best formula towards a good retirement.

please see replies below

Rather optimistic assumptions.

1. 5% yield so easy to find? Risk free?

of course it is not risk free but it is achievable. learn how to invest properly.

2. Cost of condo RM1k? You sure or not. Those very old and scary type is it.

sure you can get. due to the massive property OVERSUPPLY in malaysia in places like KL, penang and JB, there are many empty condos and landed houses. you can rent a nice 3 bedroom condo with a nice pool and gym for just RM1k pm. just go to Propertyguru Malaysia website and search. you don't need to buy, just rent.

3. Living expenditure on food, should allocate RM100 per day. That will be RM3000 already per month.

RM100 per day for an old retired couple is too much. RM30 per day for them is enough. you don't eat out everyday, you can cook your own meals.


Need to relook into the calculation.

Thanks for sharing this post. It makes me think of retiring soon. I'm 40, single. I own a $500k flat (paid up) and a stocks portfolio which gives me $30k pa dividend. If I sell my flat and invest, I can get another $30k pa in dividends. So total is $60k dividends pa or RM160k pa. Can surely retire!

Originally Posted by Unregistered

For those who worry about retirement, my advice is don't be worried. As long as you have invested in a HDB flat (you bought a very cheap BTO flat) and has met the CPF min sum, you will be ok if you have an open mind.

You don't have to retire in Singapore but retire in many countries around the world. The best place would be in some parts of Malaysia. Penang would be a good city to retire as it is cheap and not as crowded as KL.

Since you own a HDB flat, when you retire, you can sell it for at least $400k. You then invest in a 5% dividend yield portfolio which gives you $20k pa in dividends. Your CPF Life will give you $2.4k pm (for a couple) or $28.8k pa. So in total you have $48.8k pa in passive income. When you convert to RM, you get RM130k pa or RM10k pm.

Your expenses will be:

1. Rent a nice 3 bedroom condo in Penang RM1,000 pm.
2. Food and utilities RM2,000 pm
3. Transport and petrol RM500 pm
4. Clothings and misc RM500 pm
Total RM4,000 pm

You can then save RM6k pm or RM72k pa. This can be used for travelling the world.

So, you retire in a nice condo and can travel the world. Isn't that wonderful!

So, you must have the most important assets: HDB flat and CPF min sum.
The best formula towards a good retirement.