Malaysia My Second Home - mm2h

Jetstream said:

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.

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Jetstream said:

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.

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freedom said:

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...

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Jetstream said:

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.

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Jetstream said:

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.

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edragon said:

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.

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bakkuttay said:

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??????

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bakkuttay said:

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??????

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bakkuttay said:

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.

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Jetstream said:

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.

Click to expand...