Quote:
Originally Posted by nitecrawllerr
Yes. Is a good place to cheong. For retirement i will look at the tenure of the property. If no freehold or 99 years i just give it a miss. Of course other area like transportation, medical expenses etc etc have to consider too. But to me property important to me. But tats me. My meat may be ur poison.
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Malaysia is still a foreigner-friendly country with relatively cheap living costs. Comparatively, it is also a more retirement friendly country than the rest of the south east asia countries as this can be seen from the number of properties built for foreigner to buy, be it apartment/condo or landed properties and most of them are freehold properties (strata title and land title) which foreigner can own.
(this is unlikely the case in indonesia)
To encourage foreigner to retire in malaysia, the msia garmen also issue MM2H (Malaysia My Second Home) long term visit pass (10 years) to the successful foreigner applicant and can renew for another 10 more years upon expiry. The benefit of MM2H is that the successful applicant is able to buy one tax free vehicle and lots of other benefits.
(there is no such privilege in indonesia)
If did not remember wrongly, over the years, the eligibility criteria that a foreigner can buy JB landed property under the following minimum value requirement has been changed several times:
Before Year 2008, foreigner can buy JB landed property above RM 250,000
From Year 2008 - 31 Dec 2013, foreigner can only buy JB landed property above RM 500,000.
From 1 Jan 2014 - Till date, foreigner can only buy JB landed property above RM 1,000,000 (land title) and JB Apartment/Condo units above RM 500,000 (strata title)
The purpose of the changes is to reserve more “cheaper landed property” for local malaysian.