5 Popular Retirement Cities in Malaysia
According to Nasdaq, a US-based financial services company, Malaysia ranked first on the list of the top 10 safest places to retire in Asia. It is conceivable that Malaysia attracts many expatriates to live a retirement life in Malaysia. It’s a blessing to be Malaysian because we are in this land!
As a Malaysian, have you ever daydreamed about where you’d like to retire someday? Or perhaps, what type of life you would like to have after you retire? Well, let’s explore the top 5 cities in Malaysia and hope that you get a clear vision of what you want your retirement life to be like.
1. Penang
Penang, nestled in Malaysia, is often hailed as a dream spot for retirees worldwide. Its charm lies in a few standout reasons.
For starters, living costs in Penang are super reasonable, making it a smart choice for stretching your retirement savings. Plus, it’s got breathtaking beaches and beautiful waterside homes, offering a serene and scenic retreat for retirees.
And let’s not forget the incredible local street food scene! The folks here are warm and welcoming. Once you experience Penang, you’ll be enchanted and eager to return. It’s a top-notch choice for your retirement plans!
Average house sale in Penang: RM220,000 – RM580,000
Average landed cost in Penang: RM310,000 – RM760,000
Average non-landed cost in Penang: RM165,000 – RM475,000
Average apartment rental price in Penang: RM800-RM6,000 per month
Check out our latest properties in Penang here
Penang Local Food Suggestions
i. Siam Road Charcoal Char Kuey Teow
ii. Hot Bowl White Curry Mee
iii. Penang Air Itam Asam Laksa
iv. Apong Guan’s
v. 888 Hokkien Mee
vi. Toh Soon Cafe
2. Ipoh
Ipoh, loved by many Malaysians for its fresh air and laid-back lifestyle, is now catching the eye of international retirees too. With a population that’s sizable but still cozy, it gives you top-notch healthcare and modern facilities minus the hustle of a bustling city with towering buildings.
Whether you crave for some chicken rice or hot dim sum (Chinese dumplings), you can find affordable places to eat. Ipoh is not just easy on your wallet; it’s a comfortable and enjoyable spot for retirees.
Living in Ipoh also means being close to nature. Kinta Nature Park and Gopeng offer lots of outdoor activities. You can enjoy peaceful birdwatching or exciting white-water rafting. This city is perfect for a peaceful life with great amenities. You will enjoy a quiet life without the crowds and pollution.
Average house sale in Ipoh: RM230,000 – RM410,000
Average landed cost in Ipoh: RM235,000 – RM420,000
Average non-landed cost in Ipoh: RM201,600 – RM380,000
Average rental price in Ipoh: RM800-RM3,500 per month
Ipoh Local Food Suggestions
i. Lou Wong
ii. Onn Kee
iii. Ming Court Hong Kong Tim Sum
Ipoh Café Suggestion
i. Plan B Ipoh
3. Melaka
Malacca stands out as a prime spot for retirees, thanks to its affordable living costs and rich history. Retirees here get to experience the lively community and enjoy activities like golf, tennis, and outdoor fun. The place is a treasure of cultural sights, from the ancient city center to museums like the Baba Nyonya Heritage Museum. Nature lovers can also indulge in the beaches, parks, and wildlife reserves around. Plus, there’s no shortage of fun after dusk, with a bustling nightlife full of bars, eateries, and clubs, making life in Malacca vibrant and enjoyable for retirees.
Melaka is generally more affordable compared to larger cities in Malaysia. The lower cost of living can be a significant factor for retirees looking to make the most of their retirement savings.
On the other hand, Melaka is known for its friendly and welcoming community. The warmth of the locals can contribute to a sense of belonging for retirees who are making this city their home.
Average house sale in Melaka: RM180,000 – RM365,000
Average landed cost in Melaka: RM200,000 – RM380,000
Average non-landed cost in Melaka: RM110,000 – RM283,800
Average rental price in Melaka: RM800-RM3,000 per month
Top Rated Café in Melaka
i. Trois by navy
ii. Bikini Toppings
iii. Calanthe Art Cafe
4. Kuala Lumpur
Kuala Lumpur is a modern and sophisticated city equipped with all the amenities necessary for a content retirement. However, it is worth noting that the city is expansive and dealing with traffic congestion can be a challenge. Also, Kuala Lumpur is being both a financial and cultural hub. It’s even a designated federal territory. This place suits everyone.
If you like the city life, you can pick the Greater Kuala Lumpur area which includes Selangor. There are excellent business centers all around. You’ll find a wide variety of housing here, with towering flats or quiet detached homes.
Kuala Lumpur is one of the least expensive big cities globally and CNN says it’s one of the best cities for shopping.
So if you are looking for modern living, shopping experience and medical coverage, then Kuala Lumpur would be your first choice for retirement places.
Average house sale in Kuala Lumpur: RM350,000 – RM935,000
Average landed cost in Kuala Lumpur: RM600,000 – RM1,600,000
Average non-landed cost in Kuala Lumpur: RM308,000 – RM740,000
Average rental price in Kuala Lumpur: RM1,000 – RM8,000 per month
Looking for your dream property in Kuala Lumpur? Check out our latest KL listings here
5. Kuching
If you’re looking for both exciting wildlife and peaceful city life, Kuching is where you want to be. The city offers comfort and a low cost of living. This place attracts many expats who retire here because of the high standard of living.
While you are here, you can explore nature by traveling to Bako National Park and Mount Gardin National Park. These forest reserves offer exciting activities for outdoor enthusiasts, including hiking, boat trips and wildlife viewing. You can see unique animals such as the endangered proboscis monkey and the elusive hornbill.
Additionally, the city boasts many amenities and a well-equipped hospital. You can discover a variety of delicious foods easily. The best food is often found in the local cafes or coffee shops, which offer local specialities such as goreng (grilled egg noodles), crispy tomato noodles and the must-try Sarawak lasagna. Kuching is also one of the cleanest cities in Malaysia.
Average house sale in Kuching: RM250,000 – RM605,000
Average landed cost in Kuching: RM280,000 – RM658,000
Average non-landed cost in Kuching: RM135,000 – RM500,000
Average rental price in Kuching: RM300-RM3,500 per month
Top Rated Café in Kuching
i. Indah House Kuching – Cafe,.Art & Event Space. Homestay
ii. Black Bean
In Malaysia, there are lots of great cities to consider for retirement, each with its own special things like food, sights, and culture. These five cities we talked about are just some options. So, after reading about them, do you have a city in mind that you’d really want to check out when you retire?
Looking for an affordable place in Kuching? Check out our latest listings here
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