It is the ultra high net worth individuals' world! - written by Ken Soong

Well, the ultra high net worth individuals (UHNWIs) can go live anywhere they want and it makes no difference for them. But if you are not from this category, make sure you think twice or thrice especially if you are considering Australia. Long story short, if you are not rich enough, like how I am and I was when I migrated more than ten years ago, it really isn't going to make your life any better just because you have moved to Australia.

Many people read articles like this (cut and pasted below) and made the wrong conclusion that goes something like, "Wow! So many people are migrating to Australia, life must be good there!" and then they go see the migration agent to do a free assessment to find out if they are eligible to migrate and sure enough the agents just tell you what is good in Australia (which is not untrue) but conveniently brush aside the negatives which are even more true and relevant! Most agents in Malaysia are not dishonest. Some will specifically tell us the complete truth and yet we are all too brainwashed to believe them! One agent friend told me if Australia is so full of opportunities he would not have returned to Malaysia and become a migration agent. But people will only listen to things that are consistent with the beliefs.

If you think you need another opinion from a more neutral source, you can visit www.australiagoodmeh.com to find out more about the pros and cons of migrating to Australia from a Malaysian/Singaporean perspective. This is because I think you deserve to know more!

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http://www.thesundaily.my/news/1728938

Rise in number of wealthy Malaysians looking to migrate

Posted on 15 March 2016 - 07:39pm
Last updated on 15 March 2016 - 08:47pm

Eva Yeong
sunbiz@thesundaily.com

KUALA LUMPUR: More Malaysian ultra high net worth individuals (UHNWI) are looking to move abroad compared with the global average, said global property consultancy firm Knight Frank.

According to The Wealth Report 2016 published by the firm, 26% of Malaysian UHNWIs (individuals with net assets worth US$30 million or more) want to migrate compared with the global average of 18%.

The figure is second only to China, where 32% of its UHNWIs are looking to migrate.

Knight Frank Malaysia Sdn Bhd managing director Sarkunan Subramaniam said Malaysians are becoming more international and the trend will continue due to various opportunities available overseas including business and education opportunities.

In terms of push factors, he said Malaysian UHNWIs are looking to relocate abroad due to the lack of opportunities that may prevail here.

"Of course, the government is trying to improve the push factors here ... but if we are not as liberalised (as other countries), we may see more Malaysians moving to more liberal countries," he told reporters at a briefing on the report today.

According to the report, the top two reasons cited by its survey respondents in Asia on why their clients would consider moving abroad are quality of life and health as well as their children's education.

The report said that half of the Asian UHNWIs had in the past 10 years, expressed that they were more likely to send their children overseas for education.

"Over the next 10 years, this trend will continue with half of the respondents expecting their Asian clients' likelihood to send their children abroad for education to increase significantly; the Malaysian UHNWIs saw the highest at 77%," it said.