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Cambodia, Vietnam ranked best Asian countries to retire for US citizens

The Property Addict / Luxury Lifestyle

Cambodia

Feb 11 2017

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Al Gerard de la Cruz, Property Report

Cambodia and Vietnam are the world’s best retirement places with the lowest cost of living, according to the 2017 Annual Global Retirement Index by retiree services publication International Living.

The Southeast Asian nation famed for Angkor Wat (and Angelina Jolie) bested Nicaragua and Peru, in that order, to crown the index’s cost of living category. Vietnam was rated fifth-best on the sub-index, behind Colombia.

International Living based its rankings on such criteria as the cost of residential property rentals, return plane tickets to the US, groceries, clothing, telecommunications, movie theater tickets, restaurants, gym memberships, and domestic travel.

Cambodia has “great-value property rentals,” according to International Living correspondent Steven King. “Western style apartments are available to rent from USD300 a month in the capital of Phnom Penh, and go for as little as USD200 a month in the beach town of Sihanoukville, for example.

“Cambodia has the lowest expat cost of living in the world, but while the prices are low, the quality and luxury of the lifestyle is definitely not.”

Meanwhile, Vietnam “remains an extraordinarily inexpensive place to live,” according to International Living correspondent Wendy Justice. In major urban centres, retirees can rent furnished, two-bedroom apartments for USD500 per month, and comparable properties for USD350 to USD400 a month in beach towns.

“Vietnam has become a popular destination in Southeast Asia for both expats and tourists,” Justice wrote. “In 1990, it was one of the poorest countries in the world; today, it is decidedly middle-class and on an upward trajectory.”

On the overall index, Malaysia and Thailand placed at sixth and 12th places, buoyed by high grades in healthcare and entertainment, respectively. Cambodia was rated 17th best retirement haven in the world, ahead of 19th- and 24th- placers Philippines and Vietnam. Mexico placed at number one, with 90.9 points, edging out Panama with 90.8 points.

 

SOURCE: Property Report

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