Addressing the Biggest Risk in JB Retirement!
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- Опубліковано 23 бер 2024
- Singapore Cost of Living is through the roof
Malaysia Exchange Rate is in Singapore's Favour
Mr Loo's Retirement Plans are shifting towards JB! There were some people that had some concerns over a JB Retirement, including security concerns in Malaysia. Here is a video that addresses these things.
Disclaimer: This is not a promotional video, please consider the benefits and drawbacks of a JB retirement. we are not trying to sell JB Houses, we are showing everybody a new option that we hadn't considered extensively before this, and wanted to share our insights.
Tele Channel: t.me/Loo1M65 - Розваги
I think the retirement crisis will get even worse. A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won’t have a house to retire with either.
Things are a bit strange right now. Inflation is making the dollar weaker for buying things like basic needs, but it's getting stronger against other stuff. So, stuff like stocks, houses and precious metals aren't doing so great because folks are putting their money into banks for safety but I'm worried about my retirement savings losing value fast.
Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $400k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect my funds and make profit from my portfolio this red season. I’ve made over $250k since then.
Thanks for replying, You seem to know much, How did you go about it and can you recommend an advisor like yours?
Colleen Rose Mccaffery” just check her out. It's possible to hire a skilled financial planner especially if you're not one yourself. I hired one after my retirement pension took a hit in April due to the crash.
I appreciate this tip. It was easy to find your coach's webpage by looking up her name online, She seems proficient considering her resume.
Mr Loo is sharing his own experience. Which is nice as it takes effort and time to do so. And nothing he shared are exaggerated. I used to stay in Tebrau area for 5yrs as a singaporean so i can attest to that. If u like what he did, U may wish to follow. If not, it is totally fine. We are all our own man. Nothing else is certain in our lives except tax and death. Go make your own adventures. No right or wrong. 开心就好🎉
Exactly and since so many here love Singapore so much, JB is actually the best place to retire or live in, look at Mr Loo, morning in Austin, lunch nearby and afternoon back to SG Orchard Road, what much better quality of life? No need to be frog in the well every day only think SG is the best, frankly I cannot live without Orchard Road so living in JB you really have the best!
So true .... for not spending your money, is like not it is not yours !!
Cheapo guy!!
Instead of going all in and buying a house, you can do rental arbitrage (rent out SG HDB rent MY condo) for 2 years and see if the lifestyle suits you. MY is a wonderful place for those who want to retire early at 55. Instead of thinking big house big car, you should focus on living well based on what you can afford. When you hit 70 and need access to good healthcare you can move back to SG. The idea of hiring a bodyguard at that age sounds silly.
I am just thinking when I get much older and not able to drive, will it be very inconvenient to live there, the Austin Height compound is so big, can you get around without a car?
Thanks for sharing these insights. In my opinion is the neighborhood need so many layer of security says alot about how safe it is to live there. I mean if a country is safe, you don't even need high lvl of security guard right? I don't understand why, but thanks for the video.
Yes, stay in Singapore. Safer there
wow! nice place. can't wait to see your newly renovated house! remember to do a special episode on your house
You did a good job with this video informing us, thanks.
Thank you Mr Loo for showing this video. If not for you, i would not know there are security guards for landed property. This video also provides other info rather than the same old financial sharing.
hear before insiders' job?
Tight security on housing estate might reflect real situation outside the gates.😅
Could you share us the location of the roast suckling pig restaurant featured in your video? Last year, the Straits Times recommended "Restoran Pekin KK, located at No. 63, Jalan Tanjong 2, Taman Desa Cemerlang, 81800 Ulu Tiram" but I haven't tried it yet.
hello mr loo... thanks for sharing all your insights on retirement, cpf, etc. Much appreciated.
Pls dont be too confident of retiring in JB. After all it is not our country and their govt can start with new restrictions and curbs anytime😮
🤣🤣🤣
😂😂😂😂
imagine anwar lost and PAS/PN take over federal govt. think will be worse than Dr M
Yup imagine these & that, please continue imaging 🤣🤣🤣@@Penaming
@@lkl7045dont need imagine. Its just like cpf where policy can change. Same thing especially to a country that is not stable where leaders are all fighting over power....
The tightness of security is so overwhelming that it speaks for itself about the danger of this city. What if u r out of the secured compound or what if there is conspiracy or bride given to the guards to let loose pple going in?
Imaginations can run wild…no where is safe with your mind set…u r one of those that hibernates in your house for u think it’s the safest place.
You don’t hv to look for to JB that gated communities provide security guard houses,just look at your local condominium guard houses,so it’s not safe too to those that bought the condominiums in Sg,isn’t it?
Paris or London houses don't have security sentries. does that mean these cities are safer than JB or Singapore?
@@lctan5465 Because they cannot afford to pay for securities over there.
I think you are allowed to keep parangs inside your house. Just place one parang per room. But if the intruders have guns you may have a problem though. But no worries, I think they have videos on buying insurance. Just buy alot no worries.
OMG then the security at condos also just as tight and overwhelming so Singapore also must be just as dangerous, and if you live in non-guarded environment in Singapore it is overwhelming evidence that your life and property means squat right? I know many HDB dwellers also want security guards, just that they cannot afford it.
If it's safe, why the need for all those security measures? 🤔
It’s like the security kiosk / guard house in the Sg condominium,by your definition Sg is not safe too,isn’t it?
SG landed house cost from 5m up to 100m and all got no security/guard house. JB landed house cost much lesser but need multi layer security. You really dont know why meh?
@@sp33dbump33 Sg landed is not gated community, in Sentosa, it has security guard houses
Really appear arrogance and naive when talk as if surely kana robbed in JB. Even outside the "security" like wall of Austin most likely you won't get robbed.
Seriously, 4 adults travel in a Toyota vios talking about precaution what if ppl wanna car jack...
@@sp33dbump33 yea jb GDP per cap also much lower than Singapore but still needed police, you don't know the reason meh?
Singapore also is a land of rapists and robbers, but luckily there's this mighty Singapore police force.
As to Singapore spent so much on police force for a population 5.5 million ppl, you don't know meh?
Precisely why the need to have such tight security to guard the compound, it's what's happening outside in the streets. In SG I often see 6 maybe 7-year-old boys or girls walking/scooting alone in the streets be it day or night. There? I'm not so sure.
Wayang only
Please stay in Singapore.
This Easter 500K Singaporeans are coming down to Malaysia. They enjoy it!
Singapore doesn't need that much security. It's quite cumbersome to stay there in a high security environment.
Then how come condos in Singapore also have similar just as tight security?????
High security to prevent robbery . Can anyone live in peace? Going out shopping is also risky..Your car may disappear while you are out dining or shopping.
From the video, Malaysia is so beautiful the houses are magnificent and nice environment, plus good security. I hope you have you're Singaporean community in JB to support you too. I know there are around 3000 to 5000 Koreans community living together in Kuala Lumpur. I don't think visa will be an issue, you still can open a business in Malaysia and then stay there with a business visa. All the best ..May God bless you abundantly in Malaysia..🎉🎉🎉🎉
Thanks for the review. I guess you just need to convince yourself on which location you want to retire. Not your job to convince others😅. I guess no one denied it is cheaper in JB to retire. Maybe 3 months there and 3 months in another location, but Singapore is still a place to rest in peace, in my opinion. Don't forget 1998 riot in Indonesia, never safe in a country that is not yours.
I agree with your views but also appreciate what he is trying to do in this video. But this is one of the reasons why Malaysia is cheap. Its actually even cheaper in Colombia, with that kind of money one can even buy a mansion. But then you need also to build high walls, put up 4 towers armed with gatling guns with tower lights and engage some militiamen. If everywhere is as peaceful and almost risk free like Singapore, you would be paying Singapore market prices right?
@marvelcomiks8078 Ya, it is just a sharing. I have friends who bought properties in Malaysia many years old and share the pro and con, thus sharing with this youtuber who is already late in the game in my opinion. If one has more than sufficient funds to retire as this youtuber has claimed, why go to JB ? One should retire at the same level of lifestyle or, better and not downgrade to buy cheaper homes. Anyway, as I said, anyone can share their opinion on youtube but don't get upset or try to justify their views are correct when others have different opinions or experiences. In the same token, others should not be rude in their feedbacks if they feel otherwise.
one question Mr Loo.. can share the suckling pig place? thank you
Should be New Lucky Restaurant at Jalan Keris
Hmm… this car plate recognition might have a flaw (hope I'm wrong). Perpetrator can fabricate owner(s) car plate no. and stick it to his car before driving in. But of course, able to drive in doesn't mean he can access to the owner's property … I hope
yeah totally agree. should use car RFID tag instead
@@arnold5208
Yes, RFID or transponder.
You can retire in JB if you are able. During our no go years, you still have to come back to Singapore.
I been there Mr Loo - very stringent security! I can’t go in because my friend was not at home - a lot of eateries and restaurants and convenient places.
Yes lovely location!
mr loo pls advise address of the roast pig place thanks
Amazing sharing!
No worries...enjoy
Security is the no1 concern... consider the risk at your own expense... perhaps ask yourself if you are able to fend off intruder in your aged late journey, 60s-80s.
Your point of defending oneself even if u r younger n able is more dangerous than parting off with your valuables….. one can install all the great safety measures n preventions but if someone really wants to break into your place, they will find a way…..
@@david888a sugar coating it's all sunshine and rainbow doesnt bring out the truth. Security is pertinent.
Nice video to show that retiring in JB is still a viable option. I do not think that Mr Loo is trying to convince anyone to retire in JB. I personally will never consider retiring in JB and still prefer to retire in Singapore for many reasons. But he is taking good effort to provide informative videos for those who are thinking about retiring in JB.
Exactly! Thank u very much
I have alot Singapore friends retiring at JB, Kuala Lumpur, Penang, they bought SEMI-DETACH LANDED HOUSE, SOME BANGALOO with fully security guaded..
Great video! Many Singaporeans are unaware that Singapore is an anomaly. The security situation in Msia and the rest of the world is the norm. So basically anywhere you travel will be unsafe if you compare it with Singapore. A ship is safest at the harbour but it's not what the ship is built for. To spend the whole life in Singapore due to fear is such a waste, the frog has no choice but we have the ability to explore the world. Even if all Singaporeans think this way, it is only 3.6million Singapore citizens out of the 8billion world population which represents 0.00045%. It hardly affects anything.
Malaysia is not a safe country, face facts!
Will you allow your kids to take public transport to school that is not within the security boundaries
thanks for sharing.... the suckling pig is very mouth-watering.
Mr Loo, suckling pig restaurant name and address pls. Thank you
Yess Mr loo pls share😂
How will it be for the senior who don't drive?
No car means no kah, how to move about conveniently.
Get a personal driver. Get a grab.
This question is also for people who live in Australia , New Zealand, America, Europe
Spend more money...@@1m65
Mr Loo belong to the 20% top earner bracket, no issue retire anywhere!
It seems like the security measures in place are quite extensive. This kind of lifestyle is only available to a minority of Singaporeans, as owning a car is a basic requirement and only 13% of the population has one. Anyway i use to live at ARC Austin and theres a very good dim sum shop walking distance away
The security is indeed tight. Can share a video on how a citizen in SG able to buy these kind of property in JB. What is the requirements and which services we need to engage like the lawyer and how we can able to take up the loan as a foreigner in JB
Email me Loochengchuan@gmail.com
Mr Loo drive safe 👍😍
Coming from Malacca, I know very well the downside. Public Carpark are scarce, msia biggest problem is having adequate carpark for most.
Hi Mr Loo, good video. Very details coverage on the houses at Austin Height. I will go check it out one day. I like visiting JB regularly. I don't own a car, but I do own a Motorcycle. I travel to JB regularly for good foods. They are nice and affordable. For S$100 I can get MY350 I can eat and go Thai massage. What you said is correct. The art of traveling in Malaysia, Singapore to JB or versus JB to Singapore is to pick the right time, right hour to travel. Keep on posting your video. Your video are resourceful and informative. Thanks you
after double guarded security the units still have walls and gates?
Mr loo, you say the cost of the landed is Austin height is the cost of a 4rm in singapore. this 4 room is at hollandV or CCK? big difference
4rm HDB in CCK costs abt $450k which is equal to RM1.5m can easily buy semi D at JB in other locations, Austin Heights is nice but rather old. If you take 4rm at HV is about $900k or RM3m plus you can easily get 6 car garage bungalow in JB, so Mr Loo is right!
@@stephenang499 the locals most probably will pay 600k to stay in other districts since cars are cheap and they can own a few.
your reaction on the food is priceless
Retirement in jb has its pro and con. One have to decide based on many factors.
As jb is near to Singapore, one can consider retiring in both countries.
What are the odds that Mr Loo comes back to S'pore for his medical needs......
If Mr Loo is sick n needs medical attention then he has the rights to medical services in Sg for he is still a Sgporean, odds likely for annual checkups. Even those that retires to Penang,still comes back for more serious illness to Sg…
You are viewing security and safety through the lens where you are still in your middle age and relatively able bodied and healthy. Come back and tell me your experience when you are much more frail at 70 years old and older with physical disabilities. Much like a lion goes after the weak and old, so will robbers and muggers go after the more vulnerable but richer ppl
Our govt knew about singaporean buying properties in malaysia. They leases out many plotted land and extended elderly cpf for longer period to withdrawn out .
Renting a place is a better option. Interest rate and transaction cost is not cheap.
He is rich enough to probably pay in full, no need mortgage and interest
Sure, if you do not have the financial means, you rent but in the end you are paying for someone's property.
Malaysian property is easy to buy but much harder to sell. There may be restrictions on who you can sell to eg if can only sell to locals, that immediately reduces your price and potential buyers. Also, forex risk.
Having worked and lived in several East Asian countries, mainly Indonesia, Thailand, Philippines and China for 20 years. I have never encountered any safety issues. Many people are very afraid of the Philippines but I enjoyed my posting there the most. The only advise I can give is do not be flashy, keep your Rolexes and gold ornaments at home, do not carry too much cash and do not flash your cash in public and keep a low key. If you want to be loud and obnoxious in public or a bar, flashing your money, then you might as well carry a neon sign asking people to mug you.
Difference is JB property prices won't go up as fast as SG, locals invest in ppty to have a hedge and protect purchasing power in long run.
pls a run in their currency..
You missed the point,that’s his retirement home,not buying that for investment…
@david888a I see never follow much. But I will probably prefer to retire at sentosa cove with cheap condo at $1.5k psf than risking my life in jb. Never happen doesn't mean won't happen
Well. This is not about your retirement ….
@@david888a Fortunately
Always keep in your mind .. the history of 排华 in Indonesia ..
Hi Mr Loo, can share the address of the suckling pig restaurant ?
can share the address of the roast pig ?
If you need to go overseas, how far is your JB house away from Airport?
Eh, don’t know. Senai airport?
Hi Mr Loo, thanks for your videos. This is a very helpful perspective of how life can be if we consider a move to Malaysia.
I'm in my early 30s and because i am only drawing an average income (around $120k/year) and not intending to get married, it will be a struggle for me to afford a decent private property in Singapore. Hence, I am contemplating getting my own landed property in Malaysia instead. However, I am particularly concerned about the political stability in malaysia. What is your view on this?
I'm asking because policy change can happen overnight in Malaysia. Given the local disdain for singaporeans due to us driving up the cost of living, would you be concerned that the malaysian gov would one day take a negative view on the increasing singaporean presence and impose draconian policies targetted at singaporean à la the CLOB saga?
You'd be mad to invest money in Malaysia where currency controls have been imposed at an instant. Quite apart from that, property there is a liability due to poor construction standards.
The constant policy flip flops can burn you badly. Eg Forest City was 70% sold to PRC Chinese. When Mahathir returned as PM in 2018, he banned the sale of Forest City property to foreigners and declared that buying such property did not give automatic residency rights. Imagine if you had bought a unit there. The MM2H programme has also undergone major changes with increasingly tough requirements in recent years. If you have the deep pockets and stomach to tolerate all these risks and uncertainty, go ahead and buy Malaysian property.
Congrats ! that a high quality life that singaporeans can only dream of
What is address of the roast 🐖 restaurant ?
Hi Mr loo, jenn😢here from UAE. We r influenced by your life in JB
Loo 我建议你在哪开一间房地产公司……
hi mr loo .liked
Are these leasehold or freehold?
Mr Loo, a day trip or even a month as a tourist and uprooting yourself to wherever you wish are entirely different things. Wait till you have to consume public services like queueing hours at whichever government agencies. Moreover, calling whatever security level from a day trip is too far fetched.
There are such a thing call Runners. People who do public services for you for a fee
Mr Loo you lived in a very super convenient location
Is there any petrol station nearby Austin Height?
Lots
how come you still on triangle plate
Hi Mr Loo, any chance u can breakdown the total cost for your Austin Heights property purchase?
Purchase price 2M. The rest of the fees you can google. Standard transaction fees
@@1m65 oh okok thank you
If you want to save costs, you may want to buy direct from developer, developer will usually absorb all buying costs, my experience is about 10% of the purchase price if you buy resale, I chose to buy new and saved on legal fees, stamp duty, agent fees, MOT, SPA fees, state government application fees, take note foreigner buyer's tax of 2% will not be absorbed by the developer.
a friend of mine has a landed home in jb gated. rob 3 times in 15 years.
This weekend- Easter 500K Singaporeans are coming down to JB. They enjoy it! Don't be so like that, follow the majority lah. Dont' be left behind.
Holidaying somewhere and living there long term involve very different considerations.
can you buy malaysia vehicle?
looks good
Just stay in house, you are alway safe. Not to worry.
Never understand the attractiveness of jb other than distant. As Gemas-JB EDTP and RTS coming online soon, why bother the mess and just pick KL which wins in every aspect.
No place is totally safe. Eveymn Singapore has crimes. One just need to be more careful.
My dad lived in Surabaya, Indonesia for close to 30 years.
He was robbed once when he came out from Bank. No other burglary or other incidents that he encountered.
So is Surabaya safe or dangerous?
But i do agreed it is definitely safer to have gated security than having none.
Unfortunately, more and more Singaporeans are finding tough to retire in Singapore. Personally, i am unable to see myself retiring in Singapore, as cost of living are far too high. And even based on FRS, the monthly amount we received may not be sufficient to retire...in Singapore.
Don't tell Sinkies too much, keep it to yourself and let them live like frogs in the well.
Can i do so but without a car?
Sure. You can get a second car for few thousands SGD and drive it in Malaysia.
People who commented the security tight means unsafe are so naive and ignorant. The security is a feature to give it a more exclusivity and the double layer security is because each estate within the main whole estate is required by management. My relative's house in Damansara is also like this but more exclusive.
Yes , Damansara even more attas!
yes mr loo, i agree with some of the commenters. stop sharing this type of news. quiet quiet enjoy your life can already, you share out loud, ppl talk rubbish and the haters have a field day. some things too good so dont share la
Alot of trees. Nice
The high level of security bears evidence that JB ain't safe. Any S'pore registered car that leaves the compound is fair game for crooks. Just pray that u r not the unlucky one.
If the M'sian authorities there can improve the level of security, imagine the flood of S$ that will rush into JB....so why don't they?
Then condos in SG also have security, evidence that Singapore also not safe?
@@stephenang499JB..is well-lown for Robberies...l have friends with nice big cars. They don't want to drive to JB
From my own experiences with life in Johore Baru in the Jalan Abdul Samad area (just behind the ex-Hyatt Hotel) going in/out to Singapore etc., overall security perception is NOT too different from living in Singapore..despite whatever the negative propaganda in the MSM ?!
Fairly consistent peaceful quiet living environment & surroundings over the past 25+ years since the late 90's when i started to venture into Malaysia especially JB on a more frequent basis. More you understand the locals there, the more they understand you in return..so both parties can get by 'comfortably' & you no longer feel like a visitor or foreignor there ! As long as you know how to behave, i find the 'treatment' or 'reception' is the same so i no longer have any 'awkward' or 'uncomfortable' feelings over there !
Gentle reminder...pls do not wear Rolex watch when you are in Malaysia.
🤣
I don’t have Rolex watch. Too poor
Why?
Can wear fake Role watch or nof?
I wear my Rolex al the time never had issues. But then again I am 186cm and at 98kgs 🤣
Mr loo.johor is safe lah....my classmates kn the 90s..they all still surviving in Jb....
Very soon JB will become little Singapore
Very soon Singapore will become little foreigner (mlysian, indian, pinoy, prc etc) & AI land
so much private securtiy ....i wonder why needed...typical Singaporean mentality, if POLICE in JB can be bribed, how good you think the security provided are? Crime rate high , means crime rate is high. Dont need to argue so much. Its a risk for sure, whether you accept it or not is your opinion or choice, but showing everyone how safe JB is , isnt doing your viewers any favours.
True true, stay in SG and suffer small pigeon hole and insane high costs. Don't come and don't ever go on holidays too.
sorry im having a good life in SG and plenty of holidays, i been around the world too, just because i pointed out a fact doesnt mean you need to be salty@@stephenang499
@@leejpeter3456 yea and a car just got robbed from a Petrol Kiosk. Not the belongings....the ENTIRE car. Go go go =D
@@gavinyuen040680 Be humble and grateful when SDG is doing very well. Don't think a rich nation can always be rich. Look at CANADA. Take advantage of Malaysia, now when it it cheap.
@@gavinyuen040680 Don't come or avoid Malaysia then.
Everything is good till complacent
Any banks ?
Why, planning a robbery?
Not all things are cheap in Malaysia
life is good in JB
Enjoy first . Worry later.
Mr Loo, would you consider getting a malaysian car as well?
Maybe a myvi for internal travel
Yes eventually
Everywhere in JB and KL got so many luxury cars, many even costing more than 1 m, so many rich Malaysians live in city areas, so don't be so worried that you might be robbed, everywhere in the world, you have to be careful and attentive to avoid that. Live the life you want. Enjoy😊
You're ignoring the fact that KL and JB are more dangerous than many cities around the world.
“As safe as California”? That’s a wrong comparison. 😂 he has not been living in Cali recently has he? Terrible places where previously it was great.
Mr Loo, u don't have to worry about getting robbed cos yr movements in JB are erratic & u don't travel to / from yr Msia home everyday....so, it's difficult for robbers to strike cos they can't monitor yr routine....yr Msia home also considered "humble" lah when compared to yr neighbours lol
A quitter? It's spenders that pushes up prices in JB.
U need car to travel into austin height. Not for old feeble parent.. But yes i like The Toast :) Maybe get to see u sometimes.
Wait till the car kena at a shopping mall with CCTV ;P
there are so many malaysians staying there....why need to assess the risk....you mean singapore dunt have crimes
Nice...👍
Hygiene, safety, convenient is main retiree consideration than cheap living cost in jb..why u ill treat yourself when u said u have full ERS (about 400k) for u j your wife which can retired happily in SG . if you cannot drive due to health reason ns later or errrr your car got stolen or destroyed than can u travel so ease and conveniently like u do in SG. Esp. You may need to caught in jam travelling back to SG for the regular health checkup as retiree
Retiring as an active retiree vs need assistance in mobility/ living are very different scenarios.
If you are a barely sgd millionaire (
Seems like quite a few small minded haters here. Everyone can make their own risk reward assessments, don't need to get sour. If you're happy staying in SG, good for you. No need to be a wet blanket. As a Singaporean, seeing the comments describing JB like it's some backwater failed state is quite embarrassing. Don't know if these people have actually stepped out of the country before.
I would say, JB n Malaysia is much safer than the US with its open borders , which country in the world will allow millions of unvetted illegals into their country?
Those that said JB is not safe better don’t send their kids to Harvard or Princeton or MIT.
Mr Loo putting his views on YT means he can expect comments, and that not everyone will agree with him. Those who disagree with him shouldn’t be called “haters”. That is cancel culture and puts an end to any discussion. Everyone is entitled to their personal views whatever they might be. If anyone cannot tolerate dissent, they should either not post on YT or close the comment section.
@anchored555 i agree. But likewise, the commentors themselves can be called out if their negativity is baseless and ignorant. But again, they are free to disagree.
Mr Loo I am sure you will agree that JB is much safer than Paris😂
Hi Loo...i can't stop giggling at the size of your eyes when you eat that roast pig!
enjoy 😋..i need to get my act together to look at JB property..