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4wheels
30-07-13, 06:42
As subject. Wondering why the July BTO not announce yet? Is it kbw finalising new rules and condition for 2rm for single as well as 30% price cut for ulu town?

mcmlxxvi
30-07-13, 08:25
coz dunno how many units to allocate to those kpkb singles earning 4999pm

RCT
30-07-13, 08:32
Yes... 2 room flat... who want buy... useless house.. If you earn 4999pm, better get from resale market... why get a small 2 room flat...

phantom_opera
30-07-13, 09:49
Quote from Khaw: "soft landing" "long flight path"

azeoprop
30-07-13, 10:04
Actually the sengkang one not bad, next to Layar lrt , beside the river and opposite H2O residences.

550k for 1 bedroom H2O residences vs 110k for a 2 room hdb flat opposite? :rolleyes:

Kelonguni
30-07-13, 10:09
Actually the sengkang one not bad, next to Layar lrt , beside the river and opposite H2O residences.

550k for 1 bedroom H2O residences vs 110k for a 2 room hdb flat opposite? :rolleyes:

Sounds good! Only thing cannot rent out for next 5 years. Cannot cash out also. But good deal, great compromise. Good time to be a single!

phantom_opera
30-07-13, 10:19
Sounds good! Only thing cannot rent out for next 5 years. Cannot cash out also. But good deal, great compromise. Good time to be a single!

it all depends on what is the risk .. what if u want to marry SPR Vietname mei mei later and u already consume your first timer privilege on the 2r flat

azeoprop
30-07-13, 10:23
The moment you have been waiting for.....

http://www.hdb.gov.sg/

:D

radha08
30-07-13, 10:28
The moment you have been waiting for.....

http://www.hdb.gov.sg/

:D

more $$$$$$$$$ for the govt:D

azeoprop
30-07-13, 10:40
Actually the sengkang one not bad, next to Layar lrt , beside the river and opposite H2O residences.

550k for 1 bedroom H2O residences vs 110k for a 2 room hdb flat opposite? :rolleyes:

Site plan is out.

http://esales.hdb.gov.sg/hdbvsf/eampu07p.nsf/0/13JULBTOSK_images_8820/$file/siteplan_100.jpg

mcmlxxvi
30-07-13, 11:52
Single sinkies wanna move in fast get this, top q4 2014

http://www101.hdb.gov.sg/hdbvsf/eampu07p.nsf/0/13JULBTOYSM_page_8820/$file/pricea.htm#add

mcmlxxvi
30-07-13, 12:27
Rivervale Arc even faster. Its been completed.
57 units nia though...

http://www101.hdb.gov.sg/hdbvsf/eampu07p.nsf/0/13JULBTOSK_page_8820/$file/pricingadd.htm

mcmlxxvi
30-07-13, 12:41
Note also that

"Second-timer applicants and First-timer singles who do not book a flat when invited to do so will have to wait out one year before they can participate in any HDB sales exercises."

So think carefully before you apply.

phantom_opera
30-07-13, 14:10
is that bay windows??

http://esales.hdb.gov.sg/hdbvsf/eampu07p.nsf/0/13JULBTOSK_images_8820/$file/pricefur1.gif

Telok Belangah 4r is half a million 9xx units .... same as Ang Mo Kio .. this one will sell like hot cakes with many chiongsters willing to enslave themselves for half a million HDB ... after 5y can sell 800k :rolleyes:

The site is only within walking distance to 2 circle line stations ... no direct access to Vivo

cotter
30-07-13, 14:33
from this picture, certainly looks like bay window..

http://www.hdb.gov.sg/fi10/fi10297p.nsf/ImageView/CORPORATE_PR_30072013_Living_Dining%20II/$file/Living_Dining+%28II%29.jpg

can't picture how big is 35sqm, but the layout seems efficient for me.

4wheels
30-07-13, 15:53
there are actually many singles who are staying with parents that cannot afford resales or private. this 2rm hdb for singles i think is a good buy. also, many singles would like to stay single.

mcmlxxvi
30-07-13, 16:51
From TODAY

"First-timer singles will enjoy up to 30 per cent of the two-room flat supply in these non-mature estates."

In case anyone is wondering and looking to assess their chances.

phantom_opera
30-07-13, 17:43
From TODAY

"First-timer singles will enjoy up to 30 per cent of the two-room flat supply in these non-mature estates."

In case anyone is wondering and looking to assess their chances.

so final probability is like 1/10 assuming oversubscribe by 3x??

mcmlxxvi
30-07-13, 17:47
so final probability is like 1/10 assuming oversubscribe by 3x??

Bro ghost, sentiment on the cyber ground (fb comments) indicates this is long awaited... maybe 10x oversub is more likely...

phantom_opera
30-07-13, 17:51
Bro ghost, sentiment on the cyber ground (fb comments) indicates this is long awaited... maybe 10x oversub is more likely...

LPPL then ... but at least the chance higher than 4D :D

leesg123
30-07-13, 17:53
So they can rent it out after 5 years MOP?

mcmlxxvi
30-07-13, 18:02
So they can rent it out after 5 years MOP?

It does seem like it will be treated just as any other schemes. So yes u r correct.

Buy 16k, in 5 yrs sell 266k maybe? Good 250k profit for small fish. Opportunity cost for abv average single professional is too much to make it worthwhile.

Block /NearbyAmenities*Street Name*Storey*Floor Area (sqm) /Flat Model*LeaseCommence**Date*Resale**Price*ResaleApproval**Date*

302B*Anchorvale Link 01 to 05 44.00 Model A 2007 $269,000.00 Jul 2013
302B*Anchorvale Link 11 to 15 44.00 Model A 2007 $264,000.00 Jun 2013
302B*Anchorvale Link 06 to 10 45.00 Model A 2007 $280,000.00 May 2013

mcmlxxvi
30-07-13, 19:34
https://www.youtube.com/watch?v=BwL_SRr3gNU

mcmlxxvi
31-07-13, 09:04
2rm bto 7.6x oversub as of last nite....according to hearsay.

The many faces of 2rm hdb bto:
http://shoeboxmickeymousehouse.blogspot.sg/2013/07/the-many-faces-of-hdb-2rm-bto-for.html

rymccondo77
31-07-13, 10:37
2rm bto 7.6x oversub as of last nite....according to hearsay.

The many faces of 2rm hdb bto:
http://shoeboxmickeymousehouse.blogspot.sg/2013/07/the-many-faces-of-hdb-2rm-bto-for.html


Yes - this has been reported in the papers today.

leesg123
31-07-13, 12:03
If a dating couple book two such 2rm HDB each, do they need to sell it if get married? Otherwise super good deal, buy neighbouring units and hack the wall...viola! a super cheap 3rm flat jumbo!

mcmlxxvi
31-07-13, 17:25
http://www.straitstimes.com/sites/straitstimes.com/files/20130730/hdb-singles-4.jpg

richwang
31-07-13, 20:47
http://esales.hdb.gov.sg/hdbvsf/eampu07p.nsf/0/13JULBTO_page_8820/$file/about0.htm#


Vine Grove @ Yishun

2-room*

From $76,000

From $16,000 (After S$50,000 Grant)


For S$16,000, one can have his/her own roof!
Amazing!

richwang
31-07-13, 21:00
Is it 99-year lease or 30-year lease?

mcmlxxvi
31-07-13, 21:16
Is it 99-year lease or 30-year lease?

99y lease. And u need to be earning 1125pm nia or lesser to enjoy that kinda price.

I income $0, can i buy?

No, i need to have 1 yr stable income at 1125pm to qualify for max grant.

Maybe i apply for coffeeshop cleaner 850pm and work for next 12mths to qualify. Or i be asst to chestnut for 1k pm. I can pay full 16k in cash, no problem at all.

Arcachon
31-07-13, 21:37
Studio HDB can stop building now. Lots of return unit soon.

Will you buy a studio HDB for 30 yrs lease or 2 Bedroom HDB?

richwang
31-07-13, 21:38
Thanks. But you also need to sell your MMs and wait for 30 months before you can join the casino.

http://services2.hdb.gov.sg/webapp/BP13BTOENQWeb/AR_Jul2013_BTO?strSystem=BTO

SengKang 27.2 times subscribed.

Yishun 12.0 times subscribed.

Still 5 days before closing (Aug 5, 2013).

azeoprop
31-07-13, 21:50
27 times oversubscribed!!! :scared-1: :scared-5:

mcmlxxvi
31-07-13, 21:59
Studio HDB can stop building now. Lots of return unit soon.

Will you buy a studio HDB for 30 yrs lease or 2 Bedroom HDB?

Similar price somemore hor...!

mcmlxxvi
31-07-13, 22:03
Thanks. But you also need to sell your MMs and wait for 30 months before you can join the casino.

http://services2.hdb.gov.sg/webapp/BP13BTOENQWeb/AR_Jul2013_BTO?strSystem=BTO

SengKang 27.2 times subscribed.

Yishun 12.0 times subscribed.

Still 5 days before closing (Aug 5, 2013).

There is a form that can use for waiver appeal, just need good n solid story.
Welcome back bro. I missed u...

richwang
31-07-13, 22:31
http://www.hdb.gov.sg/pv_obj_cache/pv_obj_id_C4C0F7F92B6E4599B99AC00FACD12832699C0000/filename/PPO%20Questionnaire%20for%20New%20Flat.pdf

Not easy to tell story, lots of hard numbers in the form.

Fire sell private MMs to buy HDB MM?

Thanks,
Richard
PS. I still visit this forum almost daily, but the only commitment for publishing is the quarterly Buying Attitude Index.

mcmlxxvi
01-08-13, 08:14
http://www.hdb.gov.sg/pv_obj_cache/pv_obj_id_C4C0F7F92B6E4599B99AC00FACD12832699C0000/filename/PPO%20Questionnaire%20for%20New%20Flat.pdf

Not easy to tell story, lots of hard numbers in the form.

Fire sell private MMs to buy HDB MM?

Thanks,
Richard
PS. I still visit this forum almost daily, but the only commitment for publishing is the quarterly Buying Attitude Index.

Lost job due to retrenchment,
parents in need of money coz gambled all away in cashino
so need to sell off all mm to feed all
then need place to stay, cant find high pay job, cant afford to rent 30mths
need to eat no choice get 1125pm job....

Good story right?

richwang
01-08-13, 20:19
http://services2.hdb.gov.sg/webapp/BP13BTOENQWeb/AR_Jul2013_BTO?strSystem=BTO

SengKang 42.4 times subscribed.
Yishun 19.7 times subscribed.

There are still 4 more days before closing (Aug 5, 2013)

Will we see x100 times subscribed?

azeoprop
01-08-13, 20:22
Should be very popular, cost of a 2 room flat less than that of a new car. :cheers4:

Arcachon
01-08-13, 21:18
Start from SGD 16k, one third of COE.

SINGAPORE: Up to one third of the 519 new 2-room flats on sale under the latest Housing and Development Board (HDB) sales exercise have been set aside for singles.

This is the first time singles are able to buy a new flat directly from the government.

And with all housing grants added in, the selling price could start from S$16,000.

http://www.channelnewsasia.com/news/singapore/new-2-room-bto-flats-for/761164.html

With maximum grants, which can add up to S$60,000, the selling price for the 2-room flats will start from S$16,000.


Old man Old woman also single from now on.

Arcachon
01-08-13, 21:29
http://l.yimg.com/bt/api/res/1.2/3s5s2fPXpOxeWFl1A1tpeQ--/YXBwaWQ9eW5ld3M7Y2g9MjEzO2NyPTE7Y3c9NDkyO2R4PTA7ZHk9MDtmaT11bGNyb3A7aD0yMTM7cT04NTt3PTQ5Mg--/http://l.yimg.com/os/publish-images/news/2013-07-03/38191953-e50b-47d9-accc-6d9922f66e18_lta_coejuly.jpg

http://sg.news.yahoo.com/latest-coe-results-show-slight-increase-in-almost-all-categories-091610840.html

azeoprop
01-08-13, 21:40
I want also cannot buy, sianz. :(

wirehtc
01-08-13, 22:04
I want also cannot buy, sianz. :(

In fact, all these are heavily subsidized by the government, sorry, u the tax payer.

phantom_opera
01-08-13, 22:06
did u guys notice that biz vehicels / bus COE has been like going up steadily??

65k now

phantom_opera
01-08-13, 22:10
from Uncle Leong, I never verify:
===========================

HDB criteria for grants

Must earn below $751?

Hold your breath – in order to get the “up to $30,000 housing grants” that all the media reports and HDB press release were singing – the single applicant’s income must be not more than $750 a month.

So, will we get to hear in Parliament soon that $750 income can own HDB flat! (beating the $1,000 can own HDB flat classic!)

To get more than $15,000 grants – income less than $1,126?

Next, let’s see how easy or hard it is to get a grant of more than $15,000.

The answer is you must be a Singaporean first-timer single whose monthly income cannot exceed $1,125 to get total grants of $17,500 (more if your income is lower than $1,125).

wirehtc
01-08-13, 22:21
I support this move. But usually buyers in this salary range may not have job security.

Arcachon
01-08-13, 22:33
You must be poor enough to buy 16K 2 Room HDB for 99 yrs or your must be rich enough to pay a piece of paper for 73K for 10 yrs. Only in Singapore.:cheers4:

phantom_opera
01-08-13, 22:36
You must be poor enough to buy 16K 2 Room HDB for 99 yrs or your must be rich enough to pay a piece of paper for 73K for 10 yrs. Only in Singapore.:cheers4:

but poor still must ballot with slim chance of 1/50 or 1/100 ... the rich just need to bid high in car COE :p

mcmlxxvi
02-08-13, 10:13
still better probability than strike toto or 4d

mermaid
02-08-13, 10:21
but poor still must ballot with slim chance of 1/50 or 1/100 ...

precisely. so wats the point of proclaiming HDB hv a $16K affordable bto when not all eligibles are entitled?

mcmlxxvi
02-08-13, 15:04
50x oversub!

phantom_opera
02-08-13, 16:13
not only u must be poor (i.e. < 1000 per month) to hit the 16k jackpot, u must be lucky to hit 1/50 chances

Arcachon
02-08-13, 16:37
Now rich or poor can play the game.

After all the money printing, finally the poor can also play the game.

Still don't understand how can SGD 535,000 become SGD 1,550,000 in just 4 yrs.

richwang
04-08-13, 21:10
http://services2.hdb.gov.sg/webapp/BP13BTOENQWeb/AR_Jul2013_BTO?strSystem=BTO

SengKang 66.6 times subscribed.

Yishun 31.6 times subscribed.

Still 1 more days before closing (Aug 5, 2013).

The problem is not that bad, total number of applicants for 2-room is 4844 + 2912 = 7756.
So just build a few thousand more 2-room will solve the problem.

mcmlxxvi
04-08-13, 21:49
666 ..............

Arcachon
04-08-13, 21:57
http://services2.hdb.gov.sg/webapp/BP13BTOENQWeb/AR_Jul2013_BTO?strSystem=BTO

SengKang 66.6 times subscribed.

Yishun 31.6 times subscribed.

Still 1 more days before closing (Aug 5, 2013).

The problem is not that bad, total number of applicants for 2-room is 4844 + 2912 = 7756.
So just build a few thousand more 2-room will solve the problem.

Uncle and aunts applying soon.

leesg123
04-08-13, 22:06
singles dating couple who each book a 2bdrm flat and intend to keep both after getting married are in for a surprise. already informed my buddies at mnd this potential loophole.

phantom_opera
05-08-13, 08:54
this is the biggest joke ever come out from Kenobi-wan

he raised the income ceiling for 2r HDB to 5k for married couples that I agree, combined family income of 5k is way below family median income of 7.5kpm

but how can he allow singles at 5kpm (which is much higher than individual median income of 3kpm) to buy the same "heavily subsidized flat" by topping up another 15k?

and isn't ppl living in 1-2r flats get more "redistribution" from the garmen??

what kind of signal does this send? don't get married, don't have kid, buy a 100k 2r flat and happily enjoy life ever after by waiting for "transfer"??

===============

THE median monthly income of Singaporeans rose to $3,070 last June, up from $2,887 the year before.

mcmlxxvi
05-08-13, 09:24
why bro ghost feel so strongly abt this?

u r married with kids family man...

govt been taking care of families so long, maybe they reckon its time to take care of the bachelors and spinsters too?

u have wife and kids to catch you if u fall... singles left on the shelves dont. give them a break la...

mcmlxxvi
05-08-13, 09:31
I agree the 5k gauge may not be calibrated properly at first glance...

However... do note that family and couple policies are geared towards those young starters. ie they can enjoy the benefits and subsidies from age 21 onwards. Young families are typically in their early jobs so a combined income guideline of 5k is accurate.

For these bachelors and spinsters left on the shelves, their individual income level should have averaged around 5k by the time they are beyond 35yo.

phantom_opera
05-08-13, 09:53
why bro ghost feel so strongly abt this?

u r married with kids family man...

govt been taking care of families so long, maybe they reckon its time to take care of the bachelors and spinsters too?

u have wife and kids to catch you if u fall... singles left on the shelves dont. give them a break la...

there is no free lunch in this resource scarce country ... more "socialist measures" are on the card liao ... this is definitely a big deviation from the Old Guard thinking. Let's wait for PM's national speech to find out:

===================================
SINGAPORE — The Government will be announcing measures “soon” to help the pioneer generation of Singaporeans who were unable to reap the full benefits of Singapore’s economic rise during their working life.

Specifically, the authorities will be looking to alleviate the healthcare costs in “all aspects” — including hospitalisation, outpatient and nursing home bills — for this “very special group”, said Deputy Prime Minister Tharman Shanmugaratnam yesterday in his speech at the National Day celebrations at Taman Jurong.

mermaid
05-08-13, 11:30
I agree the 5k gauge may not be calibrated properly at first glance...

However... do note that family and couple policies are geared towards those young starters. ie they can enjoy the benefits and subsidies from age 21 onwards. Young families are typically in their early jobs so a combined income guideline of 5k is accurate.

For these bachelors and spinsters left on the shelves, their individual income level should have averaged around 5k by the time they are beyond 35yo.

I believe singles earning $3.5k - $5k may not be interested in the 2 rm bto in the 1st place. They r considered quite successful in life, will feel 2 rm flat too low class for them.

In mar when KBW announced the BTO for singles is only 2 rooms, resale by singles shoot up higher den those transacted last yr.

mcmlxxvi
05-08-13, 14:01
there is no free lunch in this resource scarce country ... more "socialist measures" are on the card liao ... this is definitely a big deviation from the Old Guard thinking. Let's wait for PM's national speech to find out:

===================================
SINGAPORE — The Government will be announcing measures “soon” to help the pioneer generation of Singaporeans who were unable to reap the full benefits of Singapore’s economic rise during their working life.

Specifically, the authorities will be looking to alleviate the healthcare costs in “all aspects” — including hospitalisation, outpatient and nursing home bills — for this “very special group”, said Deputy Prime Minister Tharman Shanmugaratnam yesterday in his speech at the National Day celebrations at Taman Jurong.

so no need to work hard anymore....

vote for us and we will take care of u till u die.

thats the message right?

mcmlxxvi
05-08-13, 14:06
I believe singles earning $3.5k - $5k may not be interested in the 2 rm bto in the 1st place. They r considered quite successful in life, will feel 2 rm flat too low class for them.

In mar when KBW announced the BTO for singles is only 2 rooms, resale by singles shoot up higher den those transacted last yr.

it caters for a diff segment la. i guess majority of those who actually are eventually allocated the units are those aged singles or those 'left behind by society' types.

phantom_opera
05-08-13, 14:07
so no need to work hard anymore....

vote for us and we will take care of u till u die.

thats the message right?

we already have 2 special groups now ... singles and pioneers

very soon, many will kpkb and we have more and more special groups :rolleyes:

mcmlxxvi
05-08-13, 14:13
we already have 2 special groups now ... singles and pioneers

very soon, many will kpkb and we have more and more special groups :rolleyes:

all must practise shouting louder and louder lol

mermaid
05-08-13, 14:46
it caters for a diff segment la. i guess majority of those who actually are eventually allocated the units are those aged singles or those 'left behind by society' types.

I feel govt shd la, they hv a duty to look after tis category of ppl. though Im a single, but I oso feel tat my nids is not as urgent as them. hence I sacrifice myself by dropping out of the hdb market, hahaha :D Im very noble, hor? :ashamed1:

richwang
05-08-13, 22:36
http://services2.hdb.gov.sg/webapp/BP13BTOENQWeb/AR_Jul2013_BTO?strSystem=BTO


77 times for Sengkang
36 times for Yishun

5611 + 3391 = 9002 units required for 2-room

easy task.

wirehtc
05-08-13, 23:16
I feel govt shd la, they hv a duty to look after tis category of ppl. though Im a single, but I oso feel tat my nids is not as urgent as them. hence I sacrifice myself by dropping out of the hdb market, hahaha :D Im very noble, hor? :ashamed1:

U will be offered a chance to meet up w a single of opposite sex plus a top choice HDB unit to buy if both of u get married.

mcmlxxvi
06-08-13, 06:57
We broke new ground with the July BTO when we enabled eligible singles to buy new 2-room HDB flats in non-mature estates.
The policy change was initially met with scepticism. Many were reported to predict a lukewarm response. We thought otherwise.
When the July BTO closes tonight, we expect to have received more than 8,500 applicants from singles. More than 55 singles will compete for each 2-room unit on offer for singles. This is not lukewarm at all.
I took a quick look at some of the BTO statistics. The median age of the singles who applied was about 43 years. Their median monthly median income was about $1,800.

Our decision to focus on the singles aged 35 years and above and up to $5,000 income level, was therefore appropriate. I am happy that we implemented this new housing policy: it will enable more single Singaporeans to own their own home.

It has also not affected the first-timer families applying for 2-room flats, as their BTO application rate is below 1 time for now.

Over the next few weeks, we will analyse the BTO data in
greater detail to see how we can refine our next BTOs.
In closing, let me take this opportunity to wish all a Happy National Day and all our Muslim friends, Selamat Hari Raya Aidilfitri.

Please visit the MND Facebook to leave a comment.

phantom_opera
06-08-13, 08:33
median age 43 so most are btn 35 to 51

1800 median is even lower than 3k national median including SPRs

looks like SC singles all underpaid

Sandiwara
06-08-13, 08:39
http://services2.hdb.gov.sg/webapp/BP13BTOENQWeb/AR_Jul2013_BTO?strSystem=BTO


77 times for Sengkang
36 times for Yishun

5611 + 3391 = 9002 units required for 2-room

easy task.


There are 9002 single that is stay with parent, stay with sibling or renting

mcmlxxvi
06-08-13, 08:48
median age 43 so most are btn 35 to 51

1800 median is even lower than 3k national median including SPRs

looks like SC singles all underpaid

Singles over 30 get cast a suspicious look by the interviewer every time when their marital status or family commitments is being brought up.

hyenergix
06-08-13, 08:53
median age 43 so most are btn 35 to 51

1800 median is even lower than 3k national median including SPRs

looks like SC singles all underpaid

The richer you are, the more time and money you have for socialising, and the greater is your social circle and chance of getting hitched.

mermaid
06-08-13, 09:12
U will be offered a chance to meet up w a single of opposite sex plus a top choice HDB unit to buy if both of u get married.

got tis reqmt/offer meh? :scared-1: :confused:


median age 43 so most are btn 35 to 51

1800 median is even lower than 3k national median including SPRs

looks like SC singles all underpaid

1 reason of still single is oso becos of the fact tat there r underpaid.

phantom_opera
06-08-13, 09:44
stagnant pay is a big problem over the last 10y except for top 20% of high flyers

SingStat always reports SC+SPR ... never dare to break down only SC pay

SC+SPR together median monthly income only 3kpm, assuming SPRs have higher pay, that means SC median monthly income is around 2.xkpm... this 1.8k kind of "hard truth" ... thank you Kenobi-wan for highlighting this candidly :scared-1:

this problem is even worse in civil sector as I understand, lots of ppl work for 10+y salary still below 4kpm

the Gini is out :D

star
06-08-13, 10:19
If earn $1800 per month at 35yrs old above are likely those without degree or diploma. Like some of my office people are from ite and they don't plan to study for a diploma be it part time. And for those diploma some don't plan to go for degree. They are still young and happy go lucky type. They find it stressful to study part time. By the way they not married yet.
I always say try to upgrade yourself if u don't help yourself how the salary going to increase?

phantom_opera
06-08-13, 10:21
If earn $1800 per month at 35yrs old above are likely those without degree or diploma. Like some of my office people are from ite and they don't plan to study for a diploma be it part time. And for those diploma some don't plan to go for degree. They are still young and happy go lucky type. They find it stressful to study part time. By the way they not married yet.
I always say try to upgrade yourself if u don't help yourself how the salary going to increase?

Many PMETS, even with Master degrees after 15y working, salary forever stuck at 5-6k range, worse still, first to go when time is bad

That's why u have to make first pot of gold in your 30+, secure your investment property b4 40 during a downturn, at the same time build up CPF min sum around 40y old

This also means taking a lot of risk :beats-me-man:

star
06-08-13, 10:27
Many PMETS, even with Master degrees after 15y working, salary forever stuck at 5-6k range, worse still, first to go when time is bad

That's why u have to make first pot of gold in your 30+, secure your investment property b4 40 during a downturn, at the same time build up CPF min sum around 40y old

This also means taking a lot of risk :beats-me-man:
This is quite true. When u are already a graduate and after working for many years pay will reach a point u got stuck. Alot got to depend on own investment. That is why always buy property when u are young. Cheers.

mcmlxxvi
06-08-13, 10:31
Many PMETS, even with Master degrees after 15y working, salary forever stuck at 5-6k range, worse still, first to go when time is bad

That's why u have to make first pot of gold in your 30+, secure your investment property b4 40 during a downturn, at the same time build up CPF min sum around 40y old

This also means taking a lot of risk :beats-me-man:
Fret not. Govt saying new goodies akan datang to take care of de pioneer batch...

mcmlxxvi
06-08-13, 10:33
This is quite true. When u are already a graduate and after working for many years pay will reach a point u got stuck. Alot got to depend on own investment. That is why always buy property when u are young. Cheers.
For a lot of things in life, it always pay to start early... Even for vices. For the latter, so that one has been there done that when settled down and wont stray.
Of course provided the vices didnt kill you first.

phantom_opera
06-08-13, 10:36
Fret not. Govt saying new goodies akan datang to take care of de pioneer batch...

are u and me the pioneer "special group"?? :tongue3:

mcmlxxvi
06-08-13, 10:47
are u and me the pioneer "special group"?? :tongue3:
Next round ba... Lol

phantom_opera
06-08-13, 10:50
Next round ba... Lol

they have all our data and already classified as "flippers", "speculators", "traders", "opportunists"

is that what u mean by "special group" lol

anyway this is from salary.sg, taken from 2008 MOM report for PMETs:

25-29 age group: Managers $3,860, Professionals $3,416
30-34 age group: Managers $5,225, Professionals $4,269
35-39 age group: Managers $6,500, Professionals $5,048
40-44 age group: Managers $7,150, Professionals $5,536
45-49 age group: Managers $7,480, Professionals $5,800

Is your pay above the median?

And here are the top 22 managerial and professional jobs ranked by their median gross wages in the late-thirties age group:

Specialised surgeon – $26,250
Advocate and solicitor – $12,243
Managing director – $12,000
Fund manager – $11,854
General manager – $11,459
Company director – $10,515
Business management consultant – $9,619
Legal officer – $8,725
Treasury manager – $8,500
Risk management manager – $8,209
General physician – $8,176
Legal service manager – $8,015
Chemical engineer (Petroleum) – $7,854
Operations manager (Finance) – $7,800
Computer operations and network manager – $7,107
Budgeting and financial accounting manager – $7,021
Research and development manager – $7,000
Computer and information systems manager – $6,779
Creative director (Advertising) – $6,625
Business development manager – $6,500
Information technology security specialist – $6,498
Marketing manager – $6,495

mermaid
06-08-13, 10:53
anyway this is from salary.sg, taken from 2008 MOM report for PMETs:

25-29 age group: Managers $3,860, Professionals $3,416
30-34 age group: Managers $5,225, Professionals $4,269
35-39 age group: Managers $6,500, Professionals $5,048
40-44 age group: Managers $7,150, Professionals $5,536
45-49 age group: Managers $7,480, Professionals $5,800

Is your pay above the median?



damn! Im underpaid :mad:

mcmlxxvi
06-08-13, 11:03
damn! Im underpaid :mad:
My last drawn near 6k at age 35. And i am an average B list performer.

mermaid
06-08-13, 11:04
My last drawn near 6k at age 35. And i am an average B list performer.

avg performer meaning u r not of managerial post? liddat u r overpaid liao :mad:

mcmlxxvi
06-08-13, 11:06
avg performer meaning u r not of managerial post? liddat u r overpaid liao :mad:
Average meaning not local U grad breed. And Manager in title but nobody to manage except own self.

mermaid
06-08-13, 11:10
Average meaning not local U grad breed. And Manager in title but nobody to manage except own self.

usually "nobody to manage except own self" r sole proprietor wor!

but underpaid nvm, I intend to retire early n make my assets work for me instead! :D

mcmlxxvi
06-08-13, 11:41
usually "nobody to manage except own self" r sole proprietor wor!

but underpaid nvm, I intend to retire early n make my assets work for me instead! :D
THATS the right concept. Make money work HARD while you work SMART.