That's why many Malaysians working overseas still hold Msian passports because one day we all will return permanently or a few months every year.
Work SG, retire MY is the best plan, agree?
Work SG, retire MY is the best plan, agree?
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Aug 15 2023, 07:33 AM
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Senior Member
869 posts Joined: Feb 2009 |
That's why many Malaysians working overseas still hold Msian passports because one day we all will return permanently or a few months every year.
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Aug 15 2023, 07:37 AM
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432 posts Joined: Dec 2010 |
QUOTE(sinkiebaru @ Aug 15 2023, 05:53 AM) Here are a few: Those places you listed, are in neighborhoods where the properties are mostly rented out (to Africans / student community / B40 residents) & some are really damn far from good amenities. https://www.iproperty.com.my/property/daman...sale-105489312/ https://www.iproperty.com.my/property/banda...sale-102636410/ https://www.iproperty.com.my/property/banda...sale-103104625/ https://www.iproperty.com.my/property/seri-...sale-105627395/ https://www.iproperty.com.my/property/suban...sale-103463579/ https://www.iproperty.com.my/property/jalan...sale-105625400/ Some actually quite decent, at least there are options. For the average Taipei person, what hope is there to own even a studio? Same with other major cities. If you go kampung, it can also be done in Malaysia. Can even get a landed for rm400k or less. And pretty decent towns as well. Like Taiping or Ipoh or Sungai Petani, Batu Pahat, Kluang etc. Btw, on the race and religion Warfare thing. Just turn off the news, and go live your regular life. Does it affect you if you just try to live a normal life as a retiree? So what does what you see on the news bother you for? If you don't like the PuAS stuff, just stick to places where they aren't around, like Selangor or Penang or Perak or Johor. If you feel it's worthwhile retiring in, go ahead man. Stayed in Ipoh when I was growing up. Not gonna retire there. Kampungs in Taiwan are better. You do realize when you are retired, you still need to interact with people right? Younger generations running business. What service levels would you end-up getting if they grow up indoctrinated with race & religious bias? |
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Aug 15 2023, 07:39 AM
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Junior Member
7 posts Joined: Jul 2019 |
QUOTE(sinkiebaru @ Aug 14 2023, 11:11 PM) Home ownership. You can get an apartment for rm300-400k in Klang Valley. Even at rm200k there are options. In Singapore. If you are not a PR, SGD1M will barely get you a shoebox apartment. NYC/SF, you can barely get anything for 1M USD. The same with Vancouver. Similar issues in London. And Taipei, and HK, and Seoul, and Shanghai. You get the point. In KL you can rent a room for under rm1k, an apartment for 1.5k or less. What's the rent in those cities I mentioned above? Difference between renter and buyer. If price rise, buyer stay for free AND make capital gains. Rich get richer. |
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Aug 15 2023, 07:45 AM
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Junior Member
263 posts Joined: Jan 2011 |
I think my situation is pretty lucky compared to a lot of other Malaysians, live in Malaysia but earning expat pay, with expat benefits including monthly rental and living allowance, and I use that rental and living allowance to pay for a new condo and car in KL. I have a property in JB and also a property in Guangzhou, my family just gets mutiple entry visa then can stay there 30 days at a time, so basically can spend 50% of time there and 50% of time here after retire.
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Aug 15 2023, 07:47 AM
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869 posts Joined: Feb 2009 |
QUOTE(calodin @ Aug 15 2023, 07:45 AM) I think my situation is pretty lucky compared to a lot of other Malaysians, live in Malaysia but earning expat pay, with expat benefits including monthly rental and living allowance, and I use that rental and living allowance to pay for a new condo and car in KL. I have a property in JB and also a property in Guangzhou, my family just gets mutiple entry visa then can stay there 30 days at a time, so basically can spend 50% of time there and 50% of time here after retire. When you say expat pay, how much you are talking about? Mind to share the range?RM1million-RM1.5million? |
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Aug 15 2023, 07:48 AM
Show posts by this member only | IPv6 | Post
#106
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Junior Member
269 posts Joined: Oct 2021 |
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Aug 15 2023, 07:58 AM
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85 posts Joined: Dec 2021 |
QUOTE(DSV4600 @ Aug 14 2023, 10:02 PM) Give you my honest realistic feedback, since I've worked in both countries: I find your feedback is interesting and relatively fair.1) After yesterday's state elections, you can already see Malaysia's future in the next GE, and up to 2050. You pandai-pandai read all the analysis ya. 2) What do you think Malaysia's education system is like today? Do you think it's good? Is it in the Top 10 ranking in the world? You decide your children's future. 3) Going overseas means where? Is it easy for you to get work visa sponsorship? Do you want to migrate for good? Give up your citizenship? Pros of staying in Malaysia: - Low cost of living => Are you sure? Who do you think has a lower cost of living? A Malaysian earning RM15,000 or a Singaporean earning SGD15,000? - Familiar environment => How old are you? Do you feel Malaysia gives you the same familiar feeling compared to when you were growing up? - More laid back compared to fighting it out overseas => How do you objectively compare this? - Familiar food => Fair point, but learn to masak sendiri. - Familar culture => Fair point, but culture comes from within. Cons of Malaysia - Weak currency => Tahu, takpe. Just look at Malaysia's currency in 2003 vs. 2023. 20 years. How much has it depreciated on a long-term basis. - Economy is falling further and further behind every year and doesn't look to be recovering => Can you come up with a realistic plan to save Malaysia's economy? If you can't, you think corrupted politicians can? Tak boleh pakai one. - Education is quite lacking => Education in Malaysia is designed the push more divide between races & religion. Pros of migrating - Higher earning with stronger exchange rate => Which countries? Will those countries welcome you with open arms? What value can you bring to their nation? - Better education => Even some African countries have similar education levels vs. Malaysia, so yes, overseas education is getting better and better. - More developed industries for the aspiring person => You can aspire, but does those nations aspire to have you as their citizen? Cons of migrating - Most of the developed world has insane housing and living costs which minimize or negate any advantage in earning power increase => Migrate as an expat. Get your company to cover your housing rental. Quickly apply PR & citizenship status to enjoy better housing benefits & lower tax rates. - Stressful as you are a migrant => So you don't feel stressed in Malaysia? Everyday you smiling from morning to night? - Not familiar food => You're an adult. Learn to cook your familiar food. Hence, I think, the best is to work in Singapore then retire in Malaysia. Earn SGD then retire in Malaysia to spend it. It is better than working in Australia, US, Europe, Japan, Korea, Taiwan which is probably a struggle to earn enough to have a high quality of living. => Do you think Malaysia is still going to be a good place to retire in 2050 or whenever you plan to retire? I work in Singapore. I plan to retire in Taiwan, even-though I'm Malaysian and it's more expensive there. Why? Cause I still think Taiwan is better for retirement, as long as China does fight with US via Taiwan as a proxy. It is also better than working in Malaysia and struggling with the weak currency as well. => One final argument here. If you had converted all your MYR to SGD each time you saved your money in a Malaysian bank under FD, your money would have earned more appreciation vs. doing a part-time job in Malaysia. Malaysia Boleh! I think, your point about wages may be inaccurate, Malaysians working for MNC or GLC for 10 plus years can earn RM10k and above. However, in Singapore, to earn more than $10k is highly unlikely (for most) Your statement on "wanting" to migrate and "able" to migrate is spot on. The competition to migrate to developed countries is fierce and some countries do not accept foreigners at all. The reality is not all Malaysians will have the opportunity or the skills or the luck to work overseas. So, some will have to make do with living in Malaysia. That said, Malaysia is not that bad of a place to live and grow old. |
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Aug 15 2023, 08:01 AM
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Senior Member
869 posts Joined: Feb 2009 |
QUOTE(Jennypenny @ Aug 15 2023, 07:58 AM) The reality is not all Malaysians will have the opportunity or the skills or the luck to work overseas. So, some will have to make do with living in Malaysia. That said, Malaysia is not that bad of a place to live and grow old. Malaysia is really not that bad for a place to live and grow old. I have many friends/family living happily back home, happy because of food and family.Having said that, I will still encourage Malaysians to go overseas to work for a few years if there's an opportunity. You will get to experience something different from what you used to grow up with, and will appreciate what Malaysia has to offer. Super2047 liked this post
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Aug 15 2023, 08:14 AM
Show posts by this member only | IPv6 | Post
#109
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Junior Member
257 posts Joined: Dec 2008 From: Malaysia |
The smart people is
earning USD but working in Asia country, thailand, vietnam, philippines, malaysia -- foreginer moving out singapore as claim, earning usd but paying expensive in singapore (maybe those foreigner don't know how to eat hawker stall chicken rice ? need singapore ID or PR pass to buy meh ) |
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Aug 15 2023, 09:03 AM
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27 posts Joined: Sep 2018 |
QUOTE(DSV4600 @ Aug 15 2023, 07:37 AM) Those places you listed, are in neighborhoods where the properties are mostly rented out (to Africans / student community / B40 residents) & some are really damn far from good amenities. Never said they were the best. It's obviously budget options. But it's not as bad as you make it out to be. Probably much better than staying in the Tenderloin in SF for sure. And way cheaper.If you feel it's worthwhile retiring in, go ahead man. Stayed in Ipoh when I was growing up. Not gonna retire there. Kampungs in Taiwan are better. You do realize when you are retired, you still need to interact with people right? Younger generations running business. What service levels would you end-up getting if they grow up indoctrinated with race & religious bias? If you say those are too undesirable for you, fine. Whatever you think is ok in Malaysia, the equivalent usually costs way more overseas, on a dollar-to-dollar basis. Haven't even factored in the exchange rate! This post has been edited by sinkiebaru: Aug 15 2023, 09:10 AM |
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Aug 15 2023, 09:22 AM
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236 posts Joined: Sep 2008 |
QUOTE(Jennypenny @ Aug 15 2023, 07:58 AM) I find your feedback is interesting and relatively fair. based on the statistic, in sg earning 5 digit (not conversion) is much easy compare to msia...I think, your point about wages may be inaccurate, Malaysians working for MNC or GLC for 10 plus years can earn RM10k and above. However, in Singapore, to earn more than $10k is highly unlikely (for most) Your statement on "wanting" to migrate and "able" to migrate is spot on. The competition to migrate to developed countries is fierce and some countries do not accept foreigners at all. The reality is not all Malaysians will have the opportunity or the skills or the luck to work overseas. So, some will have to make do with living in Malaysia. That said, Malaysia is not that bad of a place to live and grow old. SG fresh grade start pay is already 3.5k and above...within 5 years will reaching 6~8k, even a low salary job like waitress start pay is 2.5k and above when you say malaysian working in MNC/GLC etc for 10+ years can earn RM10k above it will be the same for singaporean/PR working in MNC/GLC to earn more than SGD10k+ above btw, i'm also working in SG, most of the ppl i known from malaysia are getting 5 digit pay in sgd... |
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Aug 15 2023, 09:27 AM
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Junior Member
432 posts Joined: Dec 2010 |
QUOTE(Jennypenny @ Aug 15 2023, 07:58 AM) I find your feedback is interesting and relatively fair. On wages, I'm just making a dollar-to-dollar comparison.I think, your point about wages may be inaccurate, Malaysians working for MNC or GLC for 10 plus years can earn RM10k and above. However, in Singapore, to earn more than $10k is highly unlikely (for most) Your statement on "wanting" to migrate and "able" to migrate is spot on. The competition to migrate to developed countries is fierce and some countries do not accept foreigners at all. The reality is not all Malaysians will have the opportunity or the skills or the luck to work overseas. So, some will have to make do with living in Malaysia. That said, Malaysia is not that bad of a place to live and grow old. Earning SGD10k vs. MYR10k between countries, you will see a better quality of life in Singapore. Tax rates are also lower in Singapore. Agree with you on the realities of migrating. My point is, if you have a chance to migrate to a better place, might as well do it! |
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Aug 15 2023, 09:29 AM
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869 posts Joined: Feb 2009 |
Regional sales/BD roles offered in SG (IT industry) can earn between SG$300k-$500k, and of course more upwards as well depending on your sales target, company, products, position etc.
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Aug 15 2023, 09:35 AM
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432 posts Joined: Dec 2010 |
QUOTE(sinkiebaru @ Aug 15 2023, 09:03 AM) Never said they were the best. It's obviously budget options. But it's not as bad as you make it out to be. Probably much better than staying in the Tenderloin in SF for sure. And way cheaper. Like I mentioned, to each, their own. For me, I don't find Malaysia appealing as a retirement country in 2050.If you say those are too undesirable for you, fine. Whatever you think is ok in Malaysia, the equivalent usually costs way more overseas, on a dollar-to-dollar basis. Haven't even factored in the exchange rate! I would rather retire in Singapore or Taiwan, given the choice. Maybe other countries might open up, but Malaysia remains a low priority. Take note, I'm just comparing countries within Asia, not Western world. You mentioned that Singapore properties are pigeon holes, but the options you listed are the same. None are landed. I understand that other states will have landed properties around that price range, but you don't just decide on a retirement country based on property prices. There's other factors like healthcare, family ties, safety, community, racism, religious extremism, etc. We need to be mindful of the population trends towards 2050. |
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Aug 15 2023, 09:38 AM
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27 posts Joined: Sep 2018 |
QUOTE(DSV4600 @ Aug 15 2023, 09:35 AM) Like I mentioned, to each, their own. For me, I don't find Malaysia appealing as a retirement country in 2050. We are talking about RM200-400k. So I didn't list down landed. Make up your mind on whether we are talking affordable or affluent housing. You are all over the place!I would rather retire in Singapore or Taiwan, given the choice. Maybe other countries might open up, but Malaysia remains a low priority. Take note, I'm just comparing countries within Asia, not Western world. You mentioned that Singapore properties are pigeon holes, but the options you listed are the same. None are landed. I understand that other states will have landed properties around that price range, but you don't just decide on a retirement country based on property prices. There's other factors like healthcare, family ties, safety, community, racism, religious extremism, etc. We need to be mindful of the population trends towards 2050. Landed in Klang Valley is around RM1M vs Singapore SGD4M.... This post has been edited by sinkiebaru: Aug 15 2023, 09:39 AM |
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Aug 15 2023, 10:48 AM
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432 posts Joined: Dec 2010 |
QUOTE(sinkiebaru @ Aug 15 2023, 09:38 AM) We are talking about RM200-400k. So I didn't list down landed. Make up your mind on whether we are talking affordable or affluent housing. You are all over the place! I'm not all over the place. When you started the thread, you listed all sorts of factors. Now you just drill down retirement to property affordability.Landed in Klang Valley is around RM1M vs Singapore SGD4M.... How do you make life decisions man? You can't compare SG landed vs. Malaysia landed because it's not an apple-to-apple comparison. One is a country where land is scarce, one is having an abundance of land. |
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Aug 15 2023, 10:52 AM
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27 posts Joined: Sep 2018 |
QUOTE(DSV4600 @ Aug 15 2023, 10:48 AM) I'm not all over the place. When you started the thread, you listed all sorts of factors. Now you just drill down retirement to property affordability. You can take any other major city, it's generally less affordable than Klang Valley.How do you make life decisions man? You can't compare SG landed vs. Malaysia landed because it's not an apple-to-apple comparison. One is a country where land is scarce, one is having an abundance of land. This post has been edited by sinkiebaru: Aug 15 2023, 10:52 AM |
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Aug 15 2023, 11:06 AM
Show posts by this member only | IPv6 | Post
#118
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Junior Member
85 posts Joined: Dec 2021 |
QUOTE(DSV4600 @ Aug 15 2023, 09:27 AM) On wages, I'm just making a dollar-to-dollar comparison. Dollar for dollar comparison is flawed.Earning SGD10k vs. MYR10k between countries, you will see a better quality of life in Singapore. Tax rates are also lower in Singapore. Agree with you on the realities of migrating. My point is, if you have a chance to migrate to a better place, might as well do it! Then I’d say, dollar for dollar, US better? Cars are cheap, housing is cheap. Or dollar for dollar, British pounds is better? Anyways, I have worked in both Malaysia and Singapore. I believe both places are quite different. |
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Aug 15 2023, 11:07 AM
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Junior Member
661 posts Joined: Jan 2005 From: Legio Titanicus |
Would you retire in Afghanistan? If no, then why would you retire in Malaysia?
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Aug 15 2023, 11:15 AM
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Junior Member
414 posts Joined: Jul 2006 |
Agree, plan to retire in bolehland, i even rejected chance to transfer to work in US
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