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14-07-2011 11:14 PM
Unregistered
unit aingivi

Quote:
Originally Posted by undiscern View Post
It doesnt really matter as we all can go in for 30days, then come back Singapore for a short trip then back again. OR they have the 2nd home program too where you can get the long term pass.
With modern transport improvements, flight time are getting shorter. The main variable is the cost of aviation fuel (& security charges).

Thus, with proper planning and sufficient network of friends/associates, we will be able to "visit" and stay around the world for minimal costs.

1) Based in MY during 'lull'/off period. Fly to AU (Perth etc) and visit/stay with friends.
2) Then return to SG during GSS (if one feels like it) and during F1 season (Sept?).
3) Mini/short trips to Penang, Sabah, Thailand. [1 week each.]
4) Mid priced trips to Philippine, Vietnam, China, India etc [2 weeks each]
5) Cruise to Hong Kong etc. [Twice a year]
6) If cashflow still positive (after completing the above points), then head to Europe for Winter trip. [Once yearly.]

So much to do and so little time. [I guess the challenge is if your immediate circle of 'close' friends will be bogged down by external commitments. Eg: School-going kids, grandkids, Pets, Medical checks]
14-07-2011 11:44 AM
Unregistered I'm struggling to try to earn $800K in 2011....
13-07-2011 04:35 PM
undiscern
Quote:
Originally Posted by Button View Post
I like the suggestion of retiring in KL. How long can we stay there at one stretch? How do we qualify for a long-term social visit pass?
It doesnt really matter as we all can go in for 30days, then come back Singapore for a short trip then back again. OR they have the 2nd home program too where you can get the long term pass.
13-07-2011 04:00 PM
Button I like the suggestion of retiring in KL. How long can we stay there at one stretch? How do we qualify for a long-term social visit pass?
12-07-2011 11:20 PM
undiscern
Quote:
Originally Posted by Unregistered View Post
boring yes, but when you want excitement of city life drive down to singapore, takes only 1 hour or less what.
True, the bottomline is that it dont really require 2 or 5 millions as frequently marketed by the financial planners and insurance agents. Retire can be very achieveable with no sacrifice in comfort.
12-07-2011 07:55 PM
Unregistered
Quote:
Originally Posted by undiscern View Post
Iskandar is boring, KLCC area is better.
boring yes, but when you want excitement of city life drive down to singapore, takes only 1 hour or less what.
12-07-2011 03:56 PM
undiscern
Quote:
Originally Posted by Unregistered View Post
This is the best post so far. Dont want to sound like a loser, but I feel that since Sg is destined to be only for the rich, ordinary folks like us will have to move elsewhere. This is a reality and its a fact that will stay with us for the next part of our life.

Anyway, I been thinking very hard about moving to Msia as the next best alternative. In fact I did considered KLCC and Johor before and I did some basic research on Msia properties. You see the main point about investing in properties is to get some rental income out of it OR to live in it while renting it out at the same time.

Coming to the rental part, renting in Msia is a problem unless you bought your properties in the downtown area because your Ang Mo wont be interested if he had to drive around to work considering the traffic situation during certain times of the day (esp in KLCC).

Personal safety is also another issue. This is especially true for downtown areas during night time where robberies and pickpockets are common. (I personally seen it myself).

Finally, foreigners can only purchase properties above RM500k (around SGD210k) and there are certain restrictions on certain properties due to the bumiputra rulings. Just check out the Msia my second home website.

There are other potential issues but I leave those for now. Just ask yourself after considering all these factors, would you still want to live in Msia or you prefer the dog life in Sg.

For me its a resounding YES, I will move to Msia but I just hope things will improve more in there before I put my first downpayment.

Cheers
A BIG YES from me too. KLCC area is quite well developed with skytrain and mrt as well as rail linkages. for S$300k, one can get a very good location full facilities condo with 2-3 layers of security.

SG is not really that perfectly safe anymore, look at the half body at reservoir, water tanks, vivocity etc etc. I believe it takes some common sense to stay safe. there is no need to wear ones gold rolex and gold chain in KL while walking along the street. follow some simple common sense, should be ok.
12-07-2011 12:51 PM
Unregistered
Quote:
Originally Posted by undiscern View Post
s$300k to fully paid a 3 rm hdb, rent it out to earn $2k rental
s$300k to buy a luxurious studio or 2 bdrm condo in klcc area.
s$200k spare cash invested in 5% dividend stocks.

income from rent n stocks amount to s$$34k. deduct rental unit expenses, easily at least $28k left. about s$2k pure spending income to sustain comfortable living in kl.

possible?
This is the best post so far. Dont want to sound like a loser, but I feel that since Sg is destined to be only for the rich, ordinary folks like us will have to move elsewhere. This is a reality and its a fact that will stay with us for the next part of our life.

Anyway, I been thinking very hard about moving to Msia as the next best alternative. In fact I did considered KLCC and Johor before and I did some basic research on Msia properties. You see the main point about investing in properties is to get some rental income out of it OR to live in it while renting it out at the same time.

Coming to the rental part, renting in Msia is a problem unless you bought your properties in the downtown area because your Ang Mo wont be interested if he had to drive around to work considering the traffic situation during certain times of the day (esp in KLCC).

Personal safety is also another issue. This is especially true for downtown areas during night time where robberies and pickpockets are common. (I personally seen it myself).

Finally, foreigners can only purchase properties above RM500k (around SGD210k) and there are certain restrictions on certain properties due to the bumiputra rulings. Just check out the Msia my second home website.

There are other potential issues but I leave those for now. Just ask yourself after considering all these factors, would you still want to live in Msia or you prefer the dog life in Sg.

For me its a resounding YES, I will move to Msia but I just hope things will improve more in there before I put my first downpayment.

Cheers
12-07-2011 10:24 AM
undiscern
Quote:
Originally Posted by Unregistered View Post
can consider iskandar too. nearer to your family and friends.
Iskandar is boring, KLCC area is better.
12-07-2011 10:19 AM
Unregistered can consider iskandar too. nearer to your family and friends.
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