With cost of living increasing and our savings unable to match up the rising cost for retirement and healthcare, only way is to reduce the cost by going to lower cost countries. I dont think it is anything new in developed countries.
I wonder if it will create social issues, where kids will just leave their parents in Malaysia and not visit them as often. And if this is going to be the future, one grow up in Singapore, build a career here and eventually leave the country to Malaysia to retire and spend the rest of their later part of their lives.
Economically it makes sense for both individual and Singapore (as a country), but not too sure of the social impact on Singapore..
Actually, I think it makes a lot of sense. In fact, I think there are more luxury elder care facilities opening up nearer to KL. Maybe JB should follow soon. Even Straits Times wrote an article on it
Overseas retirement village can be so nice! Look at the ones in USA, They even have the highest STD rate during covid! How happening is that. The Last Hurray in their final period of their lives.
With cost of living increasing and our savings unable to match up the rising cost for retirement and healthcare, only way is to reduce the cost by going to lower cost countries. I dont think it is anything new in developed countries.
I've been looking at retirement villages around JB, but it dont look as nice as those nearer KL. I wonder if that is because of the cost?
I wonder if it will create social issues, where kids will just leave their parents in Malaysia and not visit them as often. And if this is going to be the future, one grow up in Singapore, build a career here and eventually leave the country to Malaysia to retire and spend the rest of their later part of their lives.
Economically it makes sense for both individual and Singapore (as a country), but not too sure of the social impact on Singapore..
Actually, I think it makes a lot of sense. In fact, I think there are more luxury elder care facilities opening up nearer to KL. Maybe JB should follow soon. Even Straits Times wrote an article on it
https://www.straitstimes.com/asia/se-asia/ageing-in-style-luxury-retirement-homes-on-the-rise-in-malaysia