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Re: Retiring in Malaysia - Malaysia My Second Home Visa (MM2H)
Yes 500,000 is still the minimum in Melaka and i suspect will not change in the immediate future.
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Re: Retiring in Malaysia - Malaysia My Second Home Visa (MM2H)
Ah OK thanks. I thought it was all going up to 1 million minimum around Malaysia. Maybe I missed something.
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Re: Retiring in Malaysia - Malaysia My Second Home Visa (MM2H)
Hi bakedbean. As you can see, this thread is about the retirement visa, MM2H.
There's a thread about the new thresholds here http://britishexpats.com/forum/showthread.php?t=763384 :lol:;) |
Re: Retiring in Malaysia - Malaysia My Second Home Visa (MM2H)
Ha.
That's told you bb.:rofl: |
Re: Retiring in Malaysia - Malaysia My Second Home Visa (MM2H)
:(
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Re: Retiring in Malaysia - Malaysia My Second Home Visa (MM2H)
Don't be too sad Mrs BB because i only knew as i was in the process of buying here in Melaka. As i understand it Penang and JB are getting "hot" and with elections in mind drums are being rattled. I therefore doubt that the threshold will be raised throughout the country but on a state by state basis.
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Re: Retiring in Malaysia - Malaysia My Second Home Visa (MM2H)
Rob
I just realised that I may have misled you. Whilst you can purchase a Malaysian car you cannot drive it to Singapore if you are Singaporean or a Singapore PR holder! |
Re: Retiring in Malaysia - Malaysia My Second Home Visa (MM2H)
Originally Posted by babu1
(Post 10208482)
Hi bakedbean. As you can see, this thread is about the retirement visa, MM2H.
There's a thread about the new thresholds here http://britishexpats.com/forum/showthread.php?t=763384 :lol:;) :yield: |
Re: Retiring in Malaysia - Malaysia My Second Home Visa (MM2H)
Originally Posted by bakedbean
(Post 10209662)
:tape:
:yield: That white flag is great and has made me look at all the other possible emoticons. There's a better choice on here than I've seen anywhere else.:focus: |
Re: Retiring in Malaysia - Malaysia My Second Home Visa (MM2H)
Seremban is a good option to stay for a quiet life. It's a 3 hour drive to Singapore or less than an hour to the Low Cost Terminal where you can get an Air Asia flight. For half a million, you can get a bungalow there.
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Re: Retiring in Malaysia - Malaysia My Second Home Visa (MM2H)
I am Malaysian from Melaka, I will try to answer your questions.
Originally Posted by babu1
(Post 10164407)
Okay, so there aren't any renovated shophouses in Georgetown which are less than a starting price of over 2,000,000MYR but there are quite a number of wrecks with potential at less, though still not cheap. Q. Can anybody verify that these minimum limits are correct in practice? - for a foreigner to buy property in Malaysia, the property price must be at least MYR 500,000. This is to control property bubbles. As before this rule, many Singaporeans came to buy properties, it makes the local can't afford to get a house. Q. What, typically is the negotiating margin - downwards, obviously - in price? - This is difficult to answer, but at the moment, properties are expensive in Malaysia. Q. many properties are advertised as 'non Bumi' which I had explained to me as non traditional Malay, therefore less pitfalls in the buying process for whatever reasons? - There are few major races in Malaysia : Malay, Chinese, Indian and others..Basically Bumi is referring to Malay. Therefore, you can't buy the Bumi units. You can only buy Non Bumi Units. But you don't need to worry, your lawyer will check for you then. Thanks in advance, and any tips/warnings regards buying welcome. |
Re: Retiring in Malaysia - Malaysia My Second Home Visa (MM2H)
Originally Posted by ThomasK
(Post 10239530)
Seremban is a good option to stay for a quiet life. It's a 3 hour drive to Singapore or less than an hour to the Low Cost Terminal where you can get an Air Asia flight. For half a million, you can get a bungalow there.
Melaka, Penang or Ipoh should be a better choice. |
Re: Retiring in Malaysia - Malaysia My Second Home Visa (MM2H)
Hi Kenle, Babu was talking about Georgetown In Penang and the thresholds are different. Each state can overide the national minimum. In addition Penang State differentiates between Foreigners and MM2H Foreigners. Penang is the only State currently (as at Aug 2012) to do this. So the 500k for landed is not correct. Yes yes difficult to keep up I know.
In addition in Penang all foreigners must hold their property for 3 years. Starts from signing of S&P (sale and purchase contract). Err for thresholds thread, see link that Babu put in previously. Cheers Babu |
Re: Retiring in Malaysia - Malaysia My Second Home Visa (MM2H)
Originally Posted by ex reg
(Post 10127021)
Why ditch Maybank?
It's the best interest rate in Singapore, not as good as in Malaysia though. One has to view it as an investment. Back in UK the best ISA is around 2.5% Maybank is very safe for me for last 15 years since I opened an account here. You can do telegraphic transfers online from home country like UK.The only pain is getting the TAC for security purposes,and staying up in the middle of the night to do this in UK. I made a good sum when the exchange went from 7RM to 5RM per pound GBP If you can go for a premier account you will get at least 260RM=50GBP a month for the sum of 150.000RM Not a bad addition to my pension. So think positive. |
Re: Retiring in Malaysia - Malaysia My Second Home Visa (MM2H)
Originally Posted by sue allen
(Post 10434258)
I
Maybank is very safe for me for last 15 years since I opened an account here. |
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