Why More Singaporeans Are Eyeing Malaysia as Their Place to Retire
As the cost of living in Singapore continues to rise, an increasing number of Singaporeans are looking across the border to Malaysia as a viable retirement option. Here’s why Malaysia is gaining popularity among retirees:
Cost of Living: Malaysia offers a significantly lower cost of living compared to Singapore. Retirees find that their retirement savings stretch further, allowing them to maintain a comfortable lifestyle without financial strain.
Healthcare: Malaysia boasts a robust healthcare system with modern facilities and well-trained medical professionals. Medical expenses are generally more affordable than in Singapore, making it an attractive choice for retirees seeking quality healthcare.
Proximity to Singapore: Many Singaporeans choose to live in Malaysia while maintaining ties to Singapore. The proximity allows them to visit family and friends easily, attend events, and enjoy the best of both worlds.
Commuting: Some retirees commute between the two countries, taking advantage of efficient transportation options like buses, trains, and private cars. The Johor-Singapore Causeway serves as a vital link for cross-border travelers.
Johor Bahru (JB): Located just across the border from Singapore, JB has witnessed significant growth in its property market. Singaporeans are increasingly investing in JB properties due to affordability and potential returns.
High-Rise Developments: High-rise condominiums and apartments in JB offer scenic views, modern amenities, and competitive prices. These properties attract both retirees and investors.
Legal Aspects: Retirees must navigate legal requirements related to residency, visas, and property ownership. Seeking professional advice ensures a smooth transition.
Currency Exchange: Understanding currency exchange rates is crucial, especially for retirees who receive pensions or income in Singapore dollars.
Lifestyle Adjustments: Adapting to a new country involves cultural adjustments, learning local customs, and building a social network.
Malaysia’s allure as a retirement destination lies in its affordability, healthcare system, and proximity to Singapore. For Singaporeans seeking a peaceful retirement, Malaysia offers an attractive alternative. Whether it’s the vibrant streets of Penang, the serene beaches of Langkawi, or the bustling city life of Kuala Lumpur, Malaysia has something for every retiree.
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[ Read the original article on The Business Times : https://www.businesstimes.com.sg/opinion-features/home-away-home-more-singaporeans-eye-malaysia-place-retire?utm_medium=social-organic&utm_source=facebook&fbclid=IwZXh0bgNhZW0CMTEAAR3AghKzEJnh9eufcucLvWs1A_NlprBqsVR11TEEPHZcW-aiiCsV-Xwz3pY_aem_AU0ZfSuZdEhOu07rxoa30QW53W251-VG1vH8CnQT4M8ljO4dc_dvHwIfumCyN9PvGzUD3TuezP1yK1NqarCXtlWT ]
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