Introduction
Singaporeans are increasingly drawn to Johor Bahru (JB) for various reasons. Some see it as an alluring destination, while others view it as an escape from the hustle and bustle of Singapore. This article explores the non-financial and financial factors that make JB so appealing to Singaporeans, as well as the question of whether JB should be the only retirement destination considered.
Non-Financial Reasons
Proximity to Singapore
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Close to Loved Ones: Many Singaporeans, especially those in their 50s and 60s, want to be near their grown-up children and friends across the causeway. They can easily reach them within an hour or two for family meals or special occasions.
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Familiarity: JB offers a familiar environment with easy access to Singapore. Singaporeans can use their mobile phones, national identity cards, driving licenses, and EZ Link cards to get around both countries.
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Higher Standard of Living: JB provides a higher standard of living with cafes, restaurants, concerts, and shopping malls. Singaporeans can enjoy the best of both worlds by living in JB and occasionally visiting Singapore.
Escaping the Hustle and Bustle
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More Space: JB offers more space compared to Singapore, which is a major draw for those looking to escape the crowded and fast-paced city.
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Feeling of Freedom: Leaving Singapore's shores, whether for JB or other countries, gives Singaporeans a sense of freedom and relief from the stress of the rat race.
Experiencing Something Different
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New Environment: Living in JB provides a different system, environment, currency, and neighbors, which is a valuable experience for Singaporeans who have never left home.
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Appreciation for Singapore: Experiencing life in another country can help Singaporeans appreciate their own country more.
Catering to Singaporeans' Needs
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Shopping Malls: JB has malls like Mid Valley South Key that cater to Singaporeans' shopping needs. They offer a luxurious and safe shopping experience at a lower price point.
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Services: JB also provides various services for Singaporeans, such as car repairs, beauty and wellness treatments, and hair salons, at a lower cost compared to Singapore.
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New Developments: With new developments like the RTS line, JB is becoming more connected to Singapore, and more services are being catered to Singaporeans.
Financial Reasons
Strong Singapore Dollar
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Higher Purchasing Power: Despite the recent pullback, the Singapore dollar has continued to appreciate against the Malaysian ringgit, giving Singaporeans a higher purchasing power when spending in JB.
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Lower Cost of Living: Singaporeans can enjoy a lower cost of living in JB, especially when it comes to housing, transportation, and food.
Retirement Benefits
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Affordable Lifestyle: JB offers an affordable lifestyle for retirees, with cheaper accommodation, food, and transport.
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Bigger Houses and Cars: Singaporeans can own bigger houses and cars in JB, which is difficult in Singapore.
Should Singaporeans Only Consider Johor Bahru as a Retirement Destination?
While JB offers many advantages for Singaporeans, it may not be the only retirement destination to consider. Fran and I advocate exploring the world and other retirement possibilities. Retirement can be an exciting new chapter, and there are many other countries and places that offer unique experiences and opportunities.
Conclusion
In conclusion, JB is a popular destination for Singaporeans due to its proximity to Singapore, escape from the hustle and bustle, different experiences, catering to Singaporeans' needs, and financial advantages. However, it is important to consider other retirement destinations and explore the world to find the best fit for your retirement lifestyle. I hope this article has provided you with some insights and inspiration. Do hit the Like button and Subscribe to our YouTube channel for more content. Bye-bye!