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 Working in Singapore v9, How to save 100k in 3 years to buy HDB?

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TSdeodorant
post Nov 16 2011, 01:43 PM, updated 14y ago

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Next Gathering is Coming Soon!
Where? TBA
When? TBA
For more info visit the gaythering thread here.

FAQs

Employments:
Job opportunities are still good. Those with higher education level/experience stand a better chance and command a higher starting pay. Good command of English in resume writing or interview is a huge benefit. The following are the list of available online job sites:
1. Jobstreet
2. Contact Singapore
3. Jobs Central
4. JobsDB
5. eFinancialCareers.sg

The most effective but expensive method is to do it the old fashion way. Come over to Singapore, and then extend your visa to long term. During your stay in SG, flip through the recruitment newspaper and apply for your job through the company itself. This way, you're almost guaranteed to be in front of the queue from those who applied through Jobstreet. You can also attend their interviews without any delays while you're here in SG.

Various employment passes are available to enable you to work in Singapore depending on your skills and pay. Employers will help you in the application of passes. Your job is however pending on the approval of the pass. Information of types of passes are available through MOM's website. Do not worry of what passes you get. Eventually all will allow you to work in SG. Some do fuss about it due to "status" and extra benefits (i.e: credit card and contract phone applications). Just be hardworking and move up the passes or apply directly for PR few years down the road.

All you need to know about PR application and requirements are available here: http://www.ica.gov.sg/page.aspx?pageid=151&secid=150

Please take note that ex Singaporean PRs who renounced their status without serving the National Service will have their job and employment pass applications greatly degraded.

For an idea of current payscales (finance), here's Morgan McKinley's Singapore Salary Guide 2011.
Robert Walters Salary Survey 2011

CPF and Taxes:
Malaysians working under employment/work passes are exempted from paying CPF. Singapore PRs have to contribute to CPF according to the rates found here: http://mycpf.cpf.gov.sg/Members/Gen-Info/C...es/ContriRa.htm

As for the complicated tax returns, i'll just provide the website so everyone can search under their own categories. http://www.iras.gov.sg/irasHome/page01.aspx?id=88

Accomodations:
HDBs everywhere! Prime and new areas should cost around SGD600 and above per room (with or without utilities). You can still find small & cramped sub-SGD400 per room in remote or rundown areas. If you can afford the luxury, apartments and condos are the way to go. SGD1000 onwards per room is the current market price. Normally comes with swimming pool and gym facilities.

Below are some useful sites:
http://www.flatsdb.com/
http://www.hdbflat.blogspot.com/
http://singapore.roomsdb.net/
http://easyroommate.com.sg/ (looks more like a dating site )
http://www.sg-house.com/
http://www.propertyguru.com.sg/

Transportation:
No need to describe any further. Been compared and discussed too many times between SG and MY. In SG, you can be anywhere in the island just by using public transport. The all too convenient EZ link card can be used in both MRT and bus (even McD yeah!). For places out of reach, taxi is the answer. Don't worry, you won't get touted with expensive fares. They are a bunch of professionals with accurate meters. First entry onto cab is SGD2.80 or SGD3.00. The rest runs on meter plus any surcharges from tolls, airport surcharge or stopping period. If you are travelling in group of 4, taxi is the cheaper option on certain routes compared to others.

Coach: http://www.journeymalaysia.com/ptasingapore.htm
SBS bus maps: http://www.sbstransit.com.sg/iris3/nextbus.aspx
MRT maps: http://www.smrt.com.sg/trains/images/tn_networkmap_big.jpg
Directions: http://gothere.sg/maps or http://maps.google.com.sg/

Malaysians can drive in cars/bikes to work in SG. For SG PRs, you have to drive singapore registered vehicles. More info here: http://www.lta.gov.sg/motoring_matters/ind...oring_guide.htm

Expenses:
This is very subjective depending on the spending power of different individuals. But here are the basic breakdowns on rough estimates:
1. Accoms SGD600 (varies)
2. Food SGD500 (varies)
3. Transport SGD60
4. Entertainment SGD300 (strip it off if wanna save)
5. Shopping $$$

TO CHECK FOR YOUR PR APPLICATION STATUS, KINDLY VISIT THIS LINK
https://ienquiry.ica.gov.sg/index.do

This post has been edited by deodorant: Dec 17 2011, 12:16 PM
TSdeodorant
post Nov 16 2011, 01:44 PM

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2012 Income Tax Calculator
Courtesy of Alaskanbunny, he confirm no virus, click click click.

^
Not I type one, just copy pasta from previous thread.

This is not a chat thread.

DO NOT POST IF YOU DO NOT HAVE ANY CONSTRUCTIVE COMMENTS


This post has been edited by deodorant: Dec 16 2011, 12:02 AM
Lester1987
post Nov 16 2011, 02:03 PM

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hi minyak wangi, i think you need to update the accommodation price a little bit. nowadays, $600 u hardly find a decent room.


This post has been edited by Lester1987: Nov 16 2011, 02:04 PM
mercury8400
post Nov 16 2011, 02:20 PM

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QUOTE(Lester1987 @ Nov 16 2011, 02:03 PM)
hi minyak wangi, i think you need to update the accommodation price a little bit. nowadays, $600 u hardly find a decent room.
*
Can. share room lar. 2 person share 1 room.
TSdeodorant
post Nov 16 2011, 02:57 PM

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QUOTE(Lester1987 @ Nov 16 2011, 02:03 PM)
hi minyak wangi, i think you need to update the accommodation price a little bit. nowadays, $600 u hardly find a decent room.

QUOTE(mercury8400 @ Nov 16 2011, 02:20 PM)
Can. share room lar. 2 person share 1 room.

Well I updated the prices for like 1 person 1 room. The hairdressing salon I went to the other day, the hair-washer lady (Malaysian) was 3 ppl sharing one master room. Didn't ask how much she was paying though.

Anyway, one of my friends here (early 30's, M'sian, SPR) got accepted a couple months ago to SIA's Cadet Pilot program, & he's in ground school right now. So even SIA hires foreigners!
crapp0
post Nov 16 2011, 03:00 PM

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QUOTE(deodorant @ Nov 16 2011, 02:57 PM)
Well I updated the prices for like 1 person 1 room. The hairdressing salon I went to the other day, the hair-washer lady (Malaysian) was 3 ppl sharing one master room. Didn't ask how much she was paying though.

Anyway, one of my friends here (early 30's, M'sian, SPR) got accepted a couple months ago to SIA's Cadet Pilot program, & he's in ground school right now. So even SIA hires foreigners!
*
My younger brother works for SIA and not only malaysians are hired, indons, koreans, japanese and indian nationals are hired as well but in limited quantities but thats gonna change since the younger generation of singaporeans are picky and generally dont like being in the service line.
Lester1987
post Nov 16 2011, 03:12 PM

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QUOTE(deodorant @ Nov 16 2011, 02:57 PM)
Well I updated the prices for like 1 person 1 room. The hairdressing salon I went to the other day, the hair-washer lady (Malaysian) was 3 ppl sharing one master room. Didn't ask how much she was paying though.

Anyway, one of my friends here (early 30's, M'sian, SPR) got accepted a couple months ago to SIA's Cadet Pilot program, & he's in ground school right now. So even SIA hires foreigners!
*
my brother was offered this program back in 2004, but that stupid fella chose to study computer in UM rather than the SIA offer.
now he see me working in Singapore, he say he wants to work here as well. really vomit blood.
L7Awesome
post Nov 16 2011, 03:25 PM

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QUOTE(crapp0 @ Nov 16 2011, 03:00 PM)
My younger brother works for SIA and not only malaysians are hired, indons, koreans, japanese and indian nationals are hired as well but in limited quantities but thats gonna change since the younger generation of singaporeans are picky and generally dont like being in the service line.
*
Then in this case, just curious, what line do they want to be in as Service line is one of Singapore's bread and butter.

crapp0
post Nov 16 2011, 04:04 PM

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QUOTE(L7Awesome @ Nov 16 2011, 03:25 PM)
Then in this case, just curious, what line do they want to be in as Service line is one of Singapore's bread and butter.
*
They want to be the "Fat Cat" who sits behind the desk in the comfort of an air conditioned environment, ordering their subordinates while telling themselves, "Yes, i've made it".
52kitkat
post Nov 16 2011, 04:18 PM

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QUOTE(Lester1987 @ Nov 16 2011, 03:12 PM)
my brother was offered this program back in 2004, but that stupid fella chose to study computer in UM rather than the SIA offer.
now he see me working in Singapore, he say he wants to work here as well. really vomit blood.
*
Bad decision? maybe.
Stupid? I doubt it.
ivanswk
post Nov 16 2011, 05:45 PM

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QUOTE(crapp0 @ Nov 16 2011, 04:04 PM)
They want to be the "Fat Cat" who sits behind the desk in the comfort of an air conditioned environment, ordering their subordinates while telling themselves, "Yes, i've made it".
*
sux, u just describe me, but they call me "fat pig" sweat.gif sweat.gif


Added on November 16, 2011, 5:46 pm
QUOTE(52kitkat @ Nov 16 2011, 04:18 PM)
Bad decision? maybe.
Stupid? I doubt it.
*
care to elaborate further rolleyes.gif ?

This post has been edited by ivanswk: Nov 16 2011, 05:46 PM
r1v3r
post Nov 16 2011, 06:22 PM

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the Morgan McKinley's guide in first post is more for finance people, here is a more detail link :

http://www.robertwalters.com.sg/career-adv...ary-survey.html


yeahs4.1
post Nov 16 2011, 08:05 PM

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QUOTE(deodorant @ Nov 16 2011, 02:57 PM)
Anyway, one of my friends here (early 30's, M'sian, SPR) got accepted a couple months ago to SIA's Cadet Pilot program, & he's in ground school right now. So even SIA hires foreigners!
*
the problem with that program, is that they have too many trainees that successfully completed the program, but there is no enough position in the cockpit area for them. My colleague has a friend that got stuck in this kinda situation. He finished the program but now he's still waiting for his number to join the crews.. The wait has been almost 1 year..
SUSMaterazzi
post Nov 16 2011, 09:20 PM

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thailand pays lot than sg.

http://www.robertwalters.com.sg/files/sala...survey-2011.pdf
seantang
post Nov 16 2011, 10:21 PM

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QUOTE(Materazzi @ Nov 16 2011, 09:20 PM)
Not if you use the current exchange rate. Unless I'm reading it wrong - according to the survey, a CFO only earns THB3 million per annum. That's less than what most of my accounting managers in Singapore get. Actually that's less than what the accounting manager in our Bangkok office gets.
TSdeodorant
post Nov 16 2011, 10:38 PM

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QUOTE(Materazzi @ Nov 16 2011, 09:20 PM)
thailand pays lot than sg.

eh, FX rate lah. 1THB = 0.04SGD something like that.
Danielle Lav
post Nov 16 2011, 11:43 PM

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i was introduced by mackiddo... to join this tered. so, got welcome drinks?
Walaoeh!
post Nov 17 2011, 12:30 AM

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who wants to buy firstcoach ticket back to malaysia during CNY, u can buy now at their website... still have alots of seats...
tailtwist
post Nov 17 2011, 12:37 AM

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QUOTE(Walaoeh! @ Nov 17 2011, 12:30 AM)
who wants to buy firstcoach ticket back to malaysia during CNY, u can buy now at their website... still have alots of seats...
*
overloaded..wont load!!
Walaoeh!
post Nov 17 2011, 12:39 AM

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QUOTE(tailtwist @ Nov 17 2011, 12:37 AM)
overloaded..wont load!!
*
i have no problem to login now...

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