Malaysia My Second Home - mm2h

[Jetstream]

Any Malaysians, or rather ex-Malaysians, here who have become Sg citizens and have successfully applied for MM2H and living in M'sia?

Why I ask is bcoz I'm considering doing just that. Why? If I retire, my SPR will unlikely be renewable, and I will also lose all the benefits of my CPF medishield policies and other schemes (eg. CPF life). After all, I have no insurance plans effective in M'sia and I think the integrated shield plan I currently have under the CPF scheme is just adequate for my needs.

 

[xebay11]

Any Malaysians, or rather ex-Malaysians, here who have become Sg citizens and have successfully applied for MM2H and living in M'sia?

Why I ask is bcoz I'm considering doing just that. Why? If I retire, my SPR will unlikely be renewable, and I will also lose all the benefits of my CPF medishield policies and other schemes (eg. CPF life). After all, I have no insurance plans effective in M'sia and I think the integrated shield plan I currently have under the CPF scheme is just adequate for my needs.

You are ex Malaysian SPR, means you still have another citizenship, use that, how many systems you want to game?

 

[freedom]

Any Malaysians, or rather ex-Malaysians, here who have become Sg citizens and have successfully applied for MM2H and living in M'sia?

Why I ask is bcoz I'm considering doing just that. Why? If I retire, my SPR will unlikely be renewable, and I will also lose all the benefits of my CPF medishield policies and other schemes (eg. CPF life). After all, I have no insurance plans effective in M'sia and I think the integrated shield plan I currently have under the CPF scheme is just adequate for my needs.

Hi, was just thinking about you cause I remember reading that you also have 2 condos in Sg to rent out...the other one just TOP? Rented out already?

Sorry , I am Singaporean so dunno how to advise your situation but I wonder if Sg Govt wants to encourage people like us who want to retire early...I think they prob want us to work till old, so policies will not be in favour of us....want do you think?

Can you still keep your Sg condos if you renounce your SPR and go back as Malaysian? You have medical benefits as Malaysian right? Or will there be penalties like higher taxes?

Do you plan to come back when very old to Sg? Then it makes sense to become Singaporean to enjoy CPF Life and MediShield Life...

 

[Jetstream]

Hi, was just thinking about you cause I remember reading that you also have 2 condos in Sg to rent out...the other one just TOP? Rented out already?

Sorry , I am Singaporean so dunno how to advise your situation but I wonder if Sg Govt wants to encourage people like us who want to retire early...I think they prob want us to work till old, so policies will not be in favour of us....want do you think?

Can you still keep your Sg condos if you renounce your SPR and go back as Malaysian? You have medical benefits as Malaysian right? Or will there be penalties like higher taxes?

Do you plan to come back when very old to Sg? Then it makes sense to become Singaporean to enjoy CPF Life and MediShield Life...

Yes you remembered right. I'm thinking of moving in to that condo (a shoebox) for now, since it's next door to my workplace. I plan to stay there as long as I'm still working in Sg.

No, I will not need to sell the condos even if I were to give up my SPR.

Malaysians enjoy almost free medical fees at M'sian public hospitals. My dad who gets his treatment at such hospitals, is happy with the standards of treatment and professionalism. But I've also heard from others that the waiting period, especially for certain specialist treatment in some other states (including KLang Valley) can be very long. My concern is not so much the cost, but whether the standard of treatment and care in the govt hospitals will not drop in the future (I'm talking about 20-30 years from now when I may need it more), given the current state of affairs in the country (although there may not necessarily be a correlation between the political climate and institutional governance).

Retiring in Iskandar provides easy accessibility to medical care in Sg. But if you don't have an Integrated shield plan or similar, the cost of Sg medical care can be prohibitive, even more so for a non-SPR/non-citizen.

As for CPF Life, it takes away the worry of outliving one's savings in old age. Whilst there may be similar life plans offered in the market that give u a payout for life, I don't think they are as attractive as CPF's - of course I could be wrong on this and will be happy if anyone can correcr me here as it would help me decide whether to stick to the CPF plan or otherwise.

 

[edragon]

Yes you remembered right. I'm thinking of moving in to that condo (a shoebox) for now, since it's next door to my workplace. I plan to stay there as long as I'm still working in Sg.

No, I will not need to sell the condos even if I were to give up my SPR.

Malaysians enjoy almost free medical fees at M'sian public hospitals. My dad who gets his treatment at such hospitals, is happy with the standards of treatment and professionalism. But I've also heard from others that the waiting period, especially for certain specialist treatment in some other states (including KLang Valley) can be very long. My concern is not so much the cost, but whether the standard of treatment and care in the govt hospitals will not drop in the future (I'm talking about 20-30 years from now when I may need it more), given the current state of affairs in the country (although there may not necessarily be a correlation between the political climate and institutional governance).

Retiring in Iskandar provides easy accessibility to medical care in Sg. But if you don't have an Integrated shield plan or similar, the cost of Sg medical care can be prohibitive, even more so for a non-SPR/non-citizen.

As for CPF Life, it takes away the worry of outliving one's savings in old age. Whilst there may be similar life plans offered in the market that give u a payout for life, I don't think they are as attractive as CPF's - of course I could be wrong on this and will be happy if anyone can correcr me here as it would help me decide whether to stick to the CPF plan or otherwise.

The Malaysia equivalent, EPF declares 6.75% Dividend for 2014, that is RM67,500.00 for a million RM. One can withdraw RM67,500 for living expenses for 2015 as an example if you have RM1M in the EPF.

 

[freedom]

Yes you remembered right. I'm thinking of moving in to that condo (a shoebox) for now, since it's next door to my workplace. I plan to stay there as long as I'm still working in Sg.

No, I will not need to sell the condos even if I were to give up my SPR.

Malaysians enjoy almost free medical fees at M'sian public hospitals. My dad who gets his treatment at such hospitals, is happy with the standards of treatment and professionalism. But I've also heard from others that the waiting period, especially for certain specialist treatment in some other states (including KLang Valley) can be very long. My concern is not so much the cost, but whether the standard of treatment and care in the govt hospitals will not drop in the future (I'm talking about 20-30 years from now when I may need it more), given the current state of affairs in the country (although there may not necessarily be a correlation between the political climate and institutional governance).

Retiring in Iskandar provides easy accessibility to medical care in Sg. But if you don't have an Integrated shield plan or similar, the cost of Sg medical care can be prohibitive, even more so for a non-SPR/non-citizen.

As for CPF Life, it takes away the worry of outliving one's savings in old age. Whilst there may be similar life plans offered in the market that give u a payout for life, I don't think they are as attractive as CPF's - of course I could be wrong on this and will be happy if anyone can correcr me here as it would help me decide whether to stick to the CPF plan or otherwise.

So you plan to rent out your current condo?

CPF Life is a good scheme but my concern is if policy will change and drawdown age pushed back....Also hope to have enough for enhanced payout if possible...

You must be back in Malaysia celebrating CNY....enjoy yourself...

 

[freedom]

The Malaysia equivalent, EPF declares 6.75% Dividend for 2014, that is RM67,500.00 for a million RM. One can withdraw RM67,500 for living expenses for 2015 as an example if you have RM1M in the EPF.

Sounds good....envious of high interest rates in Malaysia....

 

[bakkuttay]

as a singaporean who owns a sg property as well as jb property,

will travel insurance bought in sg still valid when you fall sick in jb??????

 

[freedom]

as a singaporean who owns a sg property as well as jb property,

will travel insurance bought in sg still valid when you fall sick in jb??????

I think you have to check with the specific insurer the details of the policy..

 

[wuqi256]

as a singaporean who owns a sg property as well as jb property,

will travel insurance bought in sg still valid when you fall sick in jb??????

I would think it will still valid if its part of your listed travel itinerary.

 

[bakkuttay]

if travel insurance is valid in jb despite owning a property there,

guess for a couple of hundred S$ is worth the eventuality if one goes roaming all over malaysia.

 

[freedom]

if travel insurance is valid in jb despite owning a property there,

guess for a couple of hundred S$ is worth the eventuality if one goes roaming all over malaysia.

For minor problems, seeing a GP in Malaysia is actually quite OK....for serious problems requiring prolonged stay, i guess can always be airflown back to Sg hospitals...

 

[freedom]

Yes you remembered right. I'm thinking of moving in to that condo (a shoebox) for now, since it's next door to my workplace. I plan to stay there as long as I'm still working in Sg.

No, I will not need to sell the condos even if I were to give up my SPR.

Malaysians enjoy almost free medical fees at M'sian public hospitals. My dad who gets his treatment at such hospitals, is happy with the standards of treatment and professionalism. But I've also heard from others that the waiting period, especially for certain specialist treatment in some other states (including KLang Valley) can be very long. My concern is not so much the cost, but whether the standard of treatment and care in the govt hospitals will not drop in the future (I'm talking about 20-30 years from now when I may need it more), given the current state of affairs in the country (although there may not necessarily be a correlation between the political climate and institutional governance).

Retiring in Iskandar provides easy accessibility to medical care in Sg. But if you don't have an Integrated shield plan or similar, the cost of Sg medical care can be prohibitive, even more so for a non-SPR/non-citizen.

As for CPF Life, it takes away the worry of outliving one's savings in old age. Whilst there may be similar life plans offered in the market that give u a payout for life, I don't think they are as attractive as CPF's - of course I could be wrong on this and will be happy if anyone can correcr me here as it would help me decide whether to stick to the CPF plan or otherwise.

Costs of medical care can be quite expensive in Sg as a non citizen I guess but not so as a PR I think...and you are still entitled to free medical care in Malaysia as a Sg PR right? I never buy intergrated shield plan, just stick to basic Medishield...