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Thread: My plan to retire in Malaysia soon

  1. #1991
    Junior

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    Rental yield is low with oversupply of units. Debt burden was getting too high for us. Imagine over a mil dollar debt hanging over our heads with no gauranteed job security. Yes even for a locum Dr cause patients can complain about the smallest things.

    I may not be financially free yet but I am financially secure. Basic necessities like food, utilities, transport can be covered if we retire to Malaysia now. But need family help to look after kids.

    Was rather upset with hubby for insisting to buy another Sg 3 bedder condo to stay in as we could have retired to JB with more disposable income but he wants to stay in Sg.
    Last edited by mummy; 24th October 2018 at 06:46 PM.

  2. #1992
    Ultimate Underdog

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    Low rental yield true. But nett equity gain is still higher than any other investment classes we can find. The best thing is the sustained demand pool and the restriction in future units with the new regulations.
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.

  3. #1993
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    nett equity gain

    How to calculate

  4. #1994
    Junior

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    Quote Originally Posted by Kelonguni View Post
    Low rental yield true. But nett equity gain is still higher than any other investment classes we can find. The best thing is the sustained demand pool and the restriction in future units with the new regulations.
    I actually didn't want to sell my MM but hubby kept making noise about the S$88k absd and difficulty managing tenants so gave in to his incessant nagging.

    Oh well, option yet to be exercised. Let's see...we can always buy REITS. Less hassle and prob better returns and smaller capital outlay and hence lower risk.
    Last edited by mummy; 25th October 2018 at 06:59 AM. Reason: Spelling

  5. #1995
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    hi all,

    new to all this stuff here

    on a random thought, thinking to get a property in jb for own used/wkend stay
    meeting a agent this wk to discuss about it.

    anyone can share more about all this with me and give me some advised on this

    i understand we as a foreigner, can only buy property above RM1m except for merdini
    am i right ? abit blur on this.

    am also looking at meridini @ merdini
    can i ask what the different between a service resident apartment and condo ?
    usually which 1 to buy ? a service apartment or condo ?

    what the pro n con between those 2 ?

    thank thank

  6. #1996
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    Quote Originally Posted by honda91 View Post
    hi all,

    new to all this stuff here

    on a random thought, thinking to get a property in jb for own used/wkend stay
    meeting a agent this wk to discuss about it.

    anyone can share more about all this with me and give me some advised on this

    i understand we as a foreigner, can only buy property above RM1m except for merdini
    am i right ? abit blur on this.

    am also looking at meridini @ merdini
    can i ask what the different between a service resident apartment and condo ?
    usually which 1 to buy ? a service apartment or condo ?

    what the pro n con between those 2 ?

    thank thank
    I also do JB property, you can whatapp me 87821025 for more info.

    https://goo.gl/Abtyeu I would like more info about The JB Site Visit

    Weekend also available

    Last edited by Arcachon; 14th January 2019 at 04:44 PM.

  7. #1997
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    Quote Originally Posted by PropVestor View Post
    To be real 'money smart' (some will no doubt call me stupid), it is to use someone else (bank) money to buy things you want at the lowest possible interest (cost). If you have other investments that can give you some returns to curtail those borrowed money, you are literally buying things (hopefully of appreciating value or assets) for 'free'. That is the power of leverage and what a wonderful opportunity the GFC has given us in the last 10 years due to QE. I have rammed up so much debt to gain the maximum leverage for all the assets we have invested in, there is no doubt that in my 30s, one of the 'best move' I have made financially.

    It is interesting to find someone longing for retirement in their 40s. I have no intention of gearing down to keep my mind going and I am approaching 40 in 2 years.

    2 cents,
    PropVestor
    keep going, young man! you're doing so well. I am an uncle but so envious of young chaps like you, well done. Just remember to manage the risks, esp in your career (I gather you still need your full time job?).
    NOthing wrong to keep working. Retire early sit around do nothing whole day also not as fun as it sounds.

  8. #1998
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    Quote Originally Posted by honda91 View Post
    hi all,

    new to all this stuff here

    on a random thought, thinking to get a property in jb for own used/wkend stay
    meeting a agent this wk to discuss about it.

    anyone can share more about all this with me and give me some advised on this

    i understand we as a foreigner, can only buy property above RM1m except for merdini
    am i right ? abit blur on this.

    am also looking at meridini @ merdini
    can i ask what the different between a service resident apartment and condo ?
    usually which 1 to buy ? a service apartment or condo ?

    what the pro n con between those 2 ?

    thank thank
    if you haven't done so, Don't.
    Why would you want to pay so much (even 600k RM is 200K SGD, too much money? Throw it in REITs instead and get steady passive income.)
    And you want it for weekend stay? What the hell for?
    Just rent a condo for a year or even shorter lease. That way, you can just bail out anytime.
    There is no capital appreciation, and no rental to speak off.
    Don't waste your time.

  9. #1999
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    Quote Originally Posted by mummy View Post
    I actually didn't want to sell my MM but hubby kept making noise about the S$88k absd and difficulty managing tenants so gave in to his incessant nagging.

    Oh well, option yet to be exercised. Let's see...we can always buy REITS. Less hassle and prob better returns and smaller capital outlay and hence lower risk.
    You sold your landed property in Singapore, now sold your investment condo in singapore? To retire in austin heights??

  10. #2000
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    Quote Originally Posted by Kelonguni View Post
    Good emotional decision but not a good logical one in my opinion.

    In the end still not that much freedom cos still have to work and money trapped in fully paid properties that cannot be deployed or sold.

    Debt free does not equate financially free. With children, the road is still very long...

    Freehold terrace is great for land appreciation and low maintenance, and MM is optimal for rent collection. The previous state was ideal and equity term loan from either property would help you access emergency funds if you needed.
    IMO, optimal would be to get rid of the lousy property (the JB house) and buy another condo for rental in singapore. But i guess every family have their own objectives and nothing wrong with that. If everyone in the world thinks the same, it would be quite boring..

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