Quote:
Originally Posted by nono1973
3. In Batam, my ideal place of my staying condominiums were almost like my staying place in Singapore, neigbourhood can fulfill almost all my daily necessities. All things (other than medical facilities) were within reach within 20 mins of walking distance (yes, i use the word "All" here, which is a strong word,hehehe..)
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Advantage of retiring in Batam is that foreigner can buy property in Batam like apartment or condominium unit for as low as S$75,000 as compared to owning a condo unit in JB at the minimum price of RM 500,000 = S$165,000
The monthly maintenance fee for JB condo unit per month range from RM 100 plus to RM 300 plus. However not familiar how much is the maintenance fee charge at Formosa Residence or Citra Plaza studio apartment ?
However, the loan interest rate for buying property is generally slightly higher in Batam than in JB. (also depends on the type of loan package and bank)
Due to the frequent devaluation of the indonesian currency, many businessman or property buyer loan large amount of rupiah as over time, the currency becomes devalue and so are the loan rupiah amount.
Thus in this way,the loan interest will be off set by the devaluation of the rupiah..
That is why many indonesian businessman loan rupiah from bank for doing business but quickly convert their surplus business profit from rupiah into US dollar or Sing dollar to grow their profit..
吃不穷，用不穷，不会打算一世穷