Is the cost of living high in Malaysia?

# Malaysian Immigrants # Introduction Malaysia has become the first choice destination for foreigners because of its warm climate, friendly atmosphere and excellent medical care. It attracts people of all ages, but retired foreigners in Malaysia like adventure. 10 visa is easy to get, English is spread all over the country, and it is the hometown of more and more immigrants from all over the world. However, these are not the conditions that make Malaysia a better place to live. One of its attractions is the low cost of living. Want to move to Malaysia? Looking for a unique destination, what benefits can you get from it? The following contents are compiled and published by!

1. Is the cost of living high in Malaysia?

As in all countries, the cost of living depends on where you decide to live. The most expensive city is Kuala Lumpur. Although there are cheaper accommodations, most immigrants choose to live in Kuala Lumpur or Penang. Despite the price increase in the past few years, Kuala Lumpur is currently ranked as 188, making it the most expensive city. This makes it more affordable than most people. Overall, the cost of living is 42.72% lower than that of the United States.

Housing expenses of foreigners in Malaysia

Although Kuala Lumpur is the most expensive city in the country, compared with North America, the house price is very cheap. Compared with renting or buying a house in the United States, the cost of renting a house in Kuala Lumpur is about 72% lower.

In expensive communities, the monthly rent for a furnished 900-square-foot apartment is about $764. In cheaper areas, you only have to pay $443 a month.

Need more space? The monthly rent of a three-bedroom apartment in the city center is about $65,438+0,030. Two people a month, utilities (such as natural gas, heating, electricity) is about 50 dollars. As mentioned above, these prices are less than one-third of the price of an ordinary apartment you bought in the United States.

Foreigners who don't like city life usually choose to live in Penang. On the island of Penang, the monthly rent for a three-bedroom apartment is about $560.

Health care expenses of foreigners in Malaysia

Malaysia has a public medical system, but most foreigners choose to buy private insurance and see doctors in private clinics. For more information, please check out this detailed health care guide in Malaysia.

The cost of a short visit to a doctor in Kuala Lumpur or Penang is about 15 USD. Depending on the place of purchase, the price of a box of antibiotics is usually between $5.50 and $7.00. The price of a week's cold medicine (such as Tylenol) is about $ 4. 13 in Kuala Lumpur and only $ 3. 19 in Penang.

Transport costs in Malaysia

Although the rental cost in Kuala Lumpur is higher than that in Penang, the transportation cost on the island is often higher. It costs about $8 to take a five-mile taxi in Penang, and about $5 to take the same taxi in Kuala Lumpur.

Monthly tickets for public transportation range from $27 to $30, while the price of a liter of gasoline is only $0.55.

For foreigners who want to buy a new car, you may pay more money than in America. For example, in Malaysia, the price of Volkswagen Golf 1.4TSI is about $36,000. In America, the price of the same car is around $22,000.

The cost of vehicles is high, and the traffic flow may be large. These factors make public transportation the first choice for most foreigners.

Food and entertainment expenses in Malaysia

Comparing the catering and entertainment consumption in Malaysia as a whole, you will find that the price has not changed much. From Kuala Lumpur to Penang, the prices of food and entertainment are roughly the same. Generally speaking, the housing price in Penang is often about 10% lower than that in the urban area.

Go to the business district for a basic lunch? You will pay about $4.42. Want to enjoy a set meal in a fast food restaurant? The price of most packages is around 3.4 1 USD.

If you want to relax and have a beer after a long day's work, you can buy a bottle of domestic beer for $2.90 in the supermarket. For those who like to drink in a nearby bar, the price of a pint of beer is about $5. A cocktail in the city at night always costs about $8.

It's time for dinner. Two people can eat in a foreign residential area. The price is about $36. Two dinners in a nearby bar only cost about 18 dollars. This country is also full of street food stalls, where you can easily enjoy local food for less than $4.

As for entertainment, two movie tickets will only refund you about $9 (this is the price you pay for buying a ticket in America). Moreover, if you want to see the theater, the ticket price for a pair of two large seats is only $465438 +0.

For foreigners who want to stay healthy and fit in the gym, you can expect to pay $35 a month to become a member of the adult fitness club.

Summary of living expenses in Malaysia

Even if you choose to live in the most expensive city, the cost of living in Malaysia is very low. This makes it an ideal choice for many foreigners, especially those retirees who want to minimize their expenses.

The cost of housing is quite low (about 72% lower than that of the United States), while the overall cost of living is about 43% cheaper. Malaysia is a worthwhile place for retirees who want to increase their savings.

From city life to island life, you can enjoy yourself in Malaysia. People are friendly, the weather is warm and the beach is beautiful. Perhaps most importantly, the cost of living there will be much lower than that in the United States, Europe or other Asian countries.

2. What are the advantages and benefits of Malaysian immigrants?

1. Buying a house Any foreigner can buy any number of residential properties in Malaysia, but he must abide by the regulations formulated by different states for foreigners. Most states range from 20 14 to 1 RM500,000 per unit. Land is a matter for each state. Before making any laws, it is very important to check the laws of each state, because the minimum purchase price between States is not standardized.

2. Buy or import cars

Participants approved according to the mm2h plan, who hold the mm2h visa approved by 20 1 7 65438+1October1,are eligible for:

1) Newly purchased locally assembled vehicles (fully disassembled -ckd) are exempt from consumption tax; or

2) Imported Malaysian second-hand private cars (fully assembled -cbu) are exempt from import duties and consumption taxes.

MM2H participants can only sell/transfer the ownership of exempted vehicles after five (5) years from the date of vehicle registration agreed by Royal Malaysian Customs. According to the assessment currently determined by Royal Malaysian Customs, these duties need to be paid before the ownership transfer. Besides. Cars imported or purchased must be for personal use only, not for commercial use, and only one car of MM2H participants is eligible for tax exemption.

Step 3 apply for a helper

According to the current guidelines of the Malaysian Immigration Bureau, every applicant can apply for a maid.

4. Withdrawal requirements

MM2H participants can withdraw part of the prescribed time deposits (RM 50,000 for 50 years old and above)/(RM 50,000 for 50 years old and below1RM 50,000) from the second year, which will be used for the examination and approval expenses related to house purchase and car purchase, as well as the education and medical use of Malaysian children. However, a balanced time deposit of RM 100000 (50(50 years old and above)/150000 (50 years old and below) must be maintained until they terminate the MM2H plan. Please note that the withdrawal is made on the basis of reimbursement, and the funds will be paid according to the amount paid. You can withdraw money after the first year, which will take effect from the date of MM2H social access permit endorsement on your passport. If the applicant wants to withdraw the accrued interest of savings, please indicate it in the letter of intent.

It can be seen that Malaysia's second home project is still an ideal choice for immigrants to settle in Malaysia for a long time, although it requires high funds and strict application conditions.