SINGAPOREANS BUYING HOUSE IN MALAYSIA AS THEIR SECOND HOME

Dear A.S.S. Editor

Not sure if anybody knows this, but Malaysia apparently have a program called “Make Malaysia My Second Home” (MM2H). Malaysia’s Tourism and Culture Minister just recently announced that there had been 1,258 successful applicants from Singapore to participate in this program.

The Minister also said that the program had enabled Malaysia to be placed sixth in the world and first in Asia as a retirement destination. So, 1,258 Singaporeans, although not a significantly high number, have decided to uproot and settle in the neihgbouring country. Their cost of living is definitely much cheaper than that of Singapore’s, plus the strong Singapore currency ensures that the spending power is with Singaporeans.

So, no surprises for the people who uprooted. In fact, is is more surprising that not a lot more numbers have made the move from Singapore to Malaysia. Maybe it is just a matter of time.

Ben Heng

A.S.S. Contributor

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