Living costs
Jun 12th 2013, 2:04 pm
#1
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Joined: Apr 2013
Location: Godalming, Surrey, UK
Posts: 289
Living costs
Hello everyone, I'm a british 61 year old single male & I'm not a party cat so if I were to retire to one of the suggested locations of Melaka, Penang or Ipoh (are there any others?) and buy a property for the legal minimum under the MMMH visa plan what might my living expenses be - including property taxes. Big question I know but I'm hoping someone similar to me is out there. Thanks. PS would I get for 500,000.00?
Jun 13th 2013, 1:22 pm
#2
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Joined: Feb 2009
Location: Far North Queensland
Posts: 17,625
Re: Living costs
In Penang as a MM2Her you can buy a condo unit for 500,000 RM. Foreigners without MM2H it's minimum 1 million.
You'll find property in Melaka is cheaper than Penang.
You'll find property in Melaka is cheaper than Penang.
Jun 13th 2013, 1:25 pm
#3
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Location: Godalming, Surrey, UK
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Re: Living costs
thank you
Jun 13th 2013, 1:49 pm
#4
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Joined: Feb 2009
Location: Far North Queensland
Posts: 17,625
Re: Living costs
Difficult to determine living costs as everyone is different. Think there was a thread on here a little while back. Maybe do a search for "costs" in this section of the forum.
I can pretty much guarantee that costs will be a lot lower than UK. If you use aircon, that can be a big cost in electricity, depending on how low a temperature you set it at and how big your apartment is.
Petrol is very cheap. Local foods and eating out can be cheap. Have you visited Malaysia before?
I can pretty much guarantee that costs will be a lot lower than UK. If you use aircon, that can be a big cost in electricity, depending on how low a temperature you set it at and how big your apartment is.
Petrol is very cheap. Local foods and eating out can be cheap. Have you visited Malaysia before?
Jun 13th 2013, 1:56 pm
#5
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Location: Godalming, Surrey, UK
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Re: Living costs
Hi, no I have never been but I have friends (whose opinion I value) who tell me it's a wonderful place to live. After buying a place to live & a Car I would be trying to live on about £850 a month - I would have quite a bit of cash reserves
Jun 13th 2013, 2:15 pm
#6
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Joined: Feb 2009
Location: Far North Queensland
Posts: 17,625
Re: Living costs
That's about RM 4100 a month. I imagine it would be possible. I presume you know that you have to prove RM 10,000 per month for MM2H?
Cars are expensive compared to UK but plenty of secondhand ones around.
Maybe you better book a holiday and see if you like it
Cars are expensive compared to UK but plenty of secondhand ones around.
Maybe you better book a holiday and see if you like it
