Many buying retirement homes beyond KL

1

Shah Alam: With the increasing cost of living, many Malaysians have opted into buying properties in the outskirts of Kuala Lumpur (KL) as their retirement homes.

A check by Bernama revealed that most people favoured such locations due to its relatively cheaper price and away from the hustle and bustle of the city.

For Muhammad Rafiq Rafiqin, 29, he planned to own his first home away from the city although that would mean living away from his parents.

“I’m now living with my parents in KL. It might be difficult to buy one in a big city like KL due to its exorbitant price. For instance, a decent single-storey house can fetch between RM400,000 and RM600,000.

“So, I have planned to buy the same house in the outskirt areas such as Sabak Bernam or Kuala Selangor where I can afford, between RM200,000 and RM400,000… and it has the same built-up like any single-storey house in KL,” said the marketing executive to Bernama recently.

Muhammad Rafiq, a bachelor, said the availability of highways linking the outskirt areas and the city, as well as the close-knit community were also among the reasons he was drawn to buying his retirement home at such locations.

“For the time being, I will stay with my parents… but after getting married and retired, we need to live in a suitable neighbourhood including near to a mosque because that’s where we will likely spend most of our time (after retirement),” he said.

Echoing the same view was Raja Aisyah Maryam Amir, 43, who preferred to own her second home away from the city.

“My husband and I have a piece of land in the outskirt of Ipoh, Perak. We’re planning to build a house over there because the construction cost is cheaper and we can hire the villagers instead, according to our means,” said the government-linked agency employee.

Raja Aishah, who is now living with her family in Jalan Kebun near here, said the house would be turned into her retirement home.

“Living away from the city or in villages is more appropriate for the retirees because there are numerous activities to be occupied with such as farming or running small businesses,” she said.

 

News Source:(Bernama)

Share.

About Author

mm

WonderList is a real estate mobile application that promotes genuine listings and creates networking. Our mission is to bring property agents from around the world into an online platform that promotes trust, integrity and professionalism.

1 Comment

  1. Interesting article…

    Do you think that the older generations might aim for room rental option after retirement? I ask because the platform Roomz for easy room rental, my friends and myself manage is focusing on younger generations so I’m trying to find a way to attract the older age groups.

    Cheers!

Leave A Reply