Retirement Homes dot My was created upon the discovery that Malaysia is expected to experience the “Ageing Population” scenario by 2020, when the percentage of the population aged 65 years + above, reaches 7.2%.
Retirement Homes dot My also aims to heed the call of the Malaysian Government in promoting the Malaysia My Second Home (MM2H) Programme. This programme is promoted by the Government of Malaysia to allow foreigners who fulfill certain criteria, to stay in Malaysia for as long as possible on a multiple-entry social visit pass. The Social Visit Pass is initially for a period of ten (10) years, and is renewable. It is open to citizens of all countries recognised by Malaysia regardless of race, religion, gender or age. Applicants are allowed to bring their spouses and unmarried children below the age of 21 as dependants.
The MM2H programme was initiated, organised and launched by the Malaysian Government and therefore it is a project that the Government will continuously seek to improve, to ensure its success. For more details, please visit the MM2H official portal: http://www.mm2h.gov.my/index.php/en/
Retirement Homes dot My also seeks to introduce the concept of “Retirement Homes” in today’s community which is still a relatively new concept in Malaysia. The other concept that comes along with this is “Retirement Homes Investment”.
AGE STRUCTURE in MALAYSIA
The age structure of the population can be categorized into three main groups, the younger age group (0 – 14 years), the working age group (15 – 64 years) and old age (65 years and above).
|0 – 14 years||15 – 64 years||65 + years|
|2010||27.4 %||67.6 %||5.0 %
|2040||18.6 %||66.9 %||14.5 %
Percentage of old age increases significantly.
The impact of changes in the age structure:
The median age is increasing
- The median age in 2010 was 26.3 years and will rise to 38.3 years in 2040, an increase of 12 years over the period of 30 years.
The dependency ratio is increasing
- The increase in the total dependency ratio from 47.8 (2010) to 49.5 (2040) is due to an increase from 7.4 (2010) to 21.7 (2040).
- Malaysia is expected to experience the population ageing in 2020, when the percentage of the population aged 65 and above reached 7.2%.
Year 2020: old age population (65 + years) is 7.2%
The Office of Chief Statistician Malaysia
Department of Statistics, Malaysia
4 November 2016