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

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heavenhell
post Dec 27 2011, 04:12 PM

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QUOTE(Mackiddo @ Dec 27 2011, 04:08 PM)
that's co-broke deal but you still only need to pay your share of 1/2 month and owner pay 1/2 month. the 2 agents have to share it themselves.  probably the owner cheat you into coming out his/her half as well?
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Ya duno my agent told me wat co broke deal. But she said i have to bear alone the 1 month agent fees wor zzz
rexona
post Dec 27 2011, 04:16 PM

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QUOTE(heavenhell @ Dec 27 2011, 04:12 PM)
Ya duno my agent told me wat co broke deal. But she said i have to bear alone the 1 month agent fees wor zzz

ask your agent go fly kite.

http://www.citi-relocation.com/generalterms.html

QUOTE
Co-broke
When brokers are working on a 'co-broke' basis, they are sharing exclusive listings with each other. In a co-broke transaction, one broker will represent the buyer or renter, while the other will represent the owner of the property. The commission is usually split 50/50.

1 year lease = 1 month agent fee, of which the tenant's agent (i.e. your agent) takes half, and the landlord's agent takes the other half. If your agent ask you to pay 1 month that means somehow they pakat to make you pay all the commission. your agent is supposed to represent your interests.

I signed a 2-year lease on my rental and I only paid 1 month agent fee to my agent (landlord paid 1 month to her agent).

This post has been edited by rexona: Dec 27 2011, 04:17 PM
crazy25kid
post Dec 27 2011, 04:16 PM

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like rexona suggest,
ask ur agent go fly kite.
what is this...13 month "rent" ke?

This post has been edited by crazy25kid: Dec 27 2011, 04:17 PM
heavenhell
post Dec 27 2011, 04:21 PM

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Walao okok now i go ask the agent. Hope is misunderstanding only lor


Added on December 27, 2011, 5:57 pmerm my agent just replied me saying that there is a new regulation started in Nov 2010 , every individual now pay to their own agent . She will also show me their company professional fee charge tomorrow .
=.=


Added on December 27, 2011, 6:56 pmuser posted image

This is the commission guideline sent from my agent .



This post has been edited by heavenhell: Dec 27 2011, 06:56 PM
jasonkwk
post Dec 27 2011, 07:27 PM

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QUOTE(totti 10 @ Dec 27 2011, 09:59 AM)
WTF happened to this thread.

anyway
@rexona
The min salary for EP Q1 was increased to $3000

@Gengarbear
to quit RM5k job for $3.5 job, personally i think you are losing out. Perhaps you also have to compare how is the career growth between these 2 options that you have?
Talking about LinkedIn,
anybody wanna do some career connections?
but professionally la, not to laugh2 wan
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what rexona posted is technically correct based on the time she/he/it posted, Q1 EP which increased to SGD3000 only come into effect on 1/1/2012.

btw u got PM.
yeahs4.1
post Dec 27 2011, 08:40 PM

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QUOTE(rexona @ Dec 27 2011, 12:12 PM)
anyways, LTA statistics for cars registered between jan-nov 2011!

BMW 4,495
Porsche 567
Maserati 85
Ferrari 82
Proton 73
Bentley 55
Lamborghini 42
Rolls Royce 36
Perodua 14

I can't understand why Proton / Perodua are still able to sell cars here. The Proton Saga 1.3 is $89k, which is about the same price as the Suzuki Swift, and more expensive than the Kia Cerato 1.6. Or you could add about $10k and get a Toyota Vios, which is a vastly superior car.
1Malaysia spirit. There is no other reason.

QUOTE(kockroach @ Dec 27 2011, 12:25 PM)
Actually my 2 cent, I came here with the same pay I got back in Malaysia, dollar to dollar. But what I am looking is not the offer on hand, but the room to growth in the future.
*
I'm also getting the same dollar to dollar salary, twice to be exact.

Anyhow, IMO it's getting harder and harder to get dollar to dollar salary especially in experienced hires. Some companies practice the Chinaman employment policy and push the candidates to the corner, forcing them to take up the offer that worth less that what they should be..
SUSMaterazzi
post Dec 27 2011, 10:55 PM

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QUOTE(yeahs4.1 @ Dec 27 2011, 08:40 PM)
1Malaysia spirit. There is no other reason.
I'm also getting the same dollar to dollar salary, twice to be exact.

Anyhow, IMO it's getting harder and harder to get dollar to dollar salary especially in experienced hires. Some companies practice the Chinaman employment policy and push the candidates to the corner, forcing them to take up the offer that worth less that what they should be..
*
I cannot understand why BMW in the top list since they consume more petrol. And there is no my fav car Nissan GTR


Added on December 27, 2011, 11:00 pm
QUOTE(calvint78 @ Dec 27 2011, 12:26 PM)
why not? they can bring to jb for cheaper servicing and they are link too. what i know is morstly m'sian who bout P1/P2. my neighbour drive a matte black kelisa everyday in out s'pore.


Added on December 27, 2011, 12:34 pm

previously in kl, was earning around rm2500 - rm3000. now in sg, got sgd2800 - sgd3500. work in s'pore is base on your performance, u hardworking u earn more. in m'sia u hardworking u get same pay.
in m'sia rm3000, after minus minus minus habuk pun tarak. cry.gif
in sg sgd2800 u still saving some quarter portion. rclxms.gif

cheers! rclxm9.gif
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quarter portion, it means only about S$700? In here at least I can save 75%.

This post has been edited by Materazzi: Dec 27 2011, 11:00 PM
rexona
post Dec 27 2011, 11:43 PM

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QUOTE(Materazzi @ Dec 27 2011, 10:55 PM)
quarter portion, it means only about S$700? In here at least I can save 75%.

not everybody can live day in day out on a shoestring college student budget. as salary rises, so would most people's standard of living / expenditure. like me, sure i can survive by renting a utility room for $300; but it's much more comfortable to come home to my own (rented) unit where i can laze on the couch, watch whatever TV i want, come and go as i please, be as dirty or loud or noisy as i please without having any housemate conflicts.
SUSMaterazzi
post Dec 28 2011, 01:13 AM

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QUOTE(rexona @ Dec 27 2011, 11:43 PM)
not everybody can live day in day out on a shoestring college student budget. as salary rises, so would most people's standard of living / expenditure. like me, sure i can survive by renting a utility room for $300; but it's much more comfortable to come home to my own (rented) unit where i can laze on the couch, watch whatever TV i want, come and go as i please, be as dirty or loud or noisy as i please without having any housemate conflicts.
*
but you are lonely? it's good to communicate with someone especially girls as housemate rclxm9.gif
SUSalaskanbunny
post Dec 28 2011, 01:55 AM

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QUOTE(Materazzi @ Dec 27 2011, 10:55 PM)
I cannot understand why BMW in the top list since they consume more petrol. And there is no my fav car Nissan GTR
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bmw is in the luxury segment.. not many ppl that buys car in that segment care about petrol consumption..

gtr bersama nissan... doh.gif
QUOTE(Materazzi @ Dec 28 2011, 01:13 AM)
but you are lonely? it's good to communicate with someone especially girls as housemate  rclxm9.gif
*
he enjoys his gf brows.gif
SUSMaterazzi
post Dec 28 2011, 07:00 AM

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QUOTE(alaskanbunny @ Dec 28 2011, 01:55 AM)
bmw is in the luxury segment.. not many ppl that buys car in that segment care about petrol consumption..

gtr bersama nissan...  doh.gif

he enjoys his gf  brows.gif
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But don't you think the resale price of BMW is very low? Many young mllionaires in SIngapore ah..
SUSalaskanbunny
post Dec 28 2011, 08:11 AM

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QUOTE(Materazzi @ Dec 28 2011, 07:00 AM)
But don't you think the resale price of BMW is very low? Many young mllionaires in SIngapore ah..
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30% of citizens are millionaires not including their residential properties... = 0.3 x 3.5 mill = 1.17 mill rich enuf to buy

then u have the FT, which 15% are p1... = 0.15 x 1.7 mill = 0.255 which will spend even more probably due to expat package

around 25% of the population are millionaires... 1.425 mill, a lot of buyers lor

when US pump $$$, usually the financial centres receives the most liquidity and this region is doing quite well thus making lots of $$$ for big fat bonuses..

bmw i dunno what's the depreciation... but some ppl dont mind lor
totti 10
post Dec 28 2011, 08:52 AM

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QUOTE(jasonkwk @ Dec 27 2011, 07:27 PM)


btw u got PM.
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me or rexona?
cos i dont get any biggrin.gif


BTW
to think that ferrari and masser can sell more cars compared to proton n perodua...........
biggrin.gif biggrin.gif biggrin.gif
bellion
post Dec 28 2011, 08:56 AM

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QUOTE(Materazzi @ Dec 28 2011, 07:00 AM)
But don't you think the resale price of BMW is very low? Many young mllionaires in SIngapore ah..
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Which luxury car has high resale values in Singapore? Also, do folks who purchase BMWs, Mercs or Audis care about resale values? Only the poorer ones or penny-pinchers like yourself would bother about such matters.
crazy25kid
post Dec 28 2011, 09:07 AM

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QUOTE(heavenhell @ Dec 27 2011, 04:21 PM)
user posted image

This is the commission guideline sent from my agent .
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if i read it correctly, not more than 24 months is 1 month rental.
every subsequent yearly renewal is half a month.
why not sign 2 years straight?
i mean if i understand correctly
1 year lease = 1month, 2nd year renewal = 1/2 month...total 1.5 months
2 years lease = 1 month
Unless u are planning to move around and stuffs, won't a 2 year lease be better?
heavenhell
post Dec 28 2011, 09:23 AM

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QUOTE(crazy25kid @ Dec 28 2011, 09:07 AM)
if i read it correctly, not more than 24 months is 1 month rental.
every subsequent yearly renewal is half a month.
why not sign 2 years straight?
i mean if i understand correctly
1 year lease = 1month, 2nd year renewal = 1/2 month...total 1.5 months
2 years lease = 1 month
Unless u are planning to move around and stuffs, won't a 2 year lease be better?
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The landlord only want 1 year lease so only can take 1 year lo. Frm that guideline means 1 year lease 1 month agent fees but my agent say each individual pay to their agent, meaning landlord pay 1 month to his agent and i pay 1 month to my agent ar? Rich d lo agent like this lol
crazy25kid
post Dec 28 2011, 09:37 AM

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QUOTE(heavenhell @ Dec 28 2011, 09:23 AM)
The landlord only want 1 year lease so only can take 1 year lo. Frm that guideline means 1 year lease 1 month agent fees but my agent say each individual pay to their agent, meaning landlord pay 1 month to his agent and i pay 1 month to my agent ar? Rich d lo agent like this lol
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then u can nego with the landlord. laugh.gif laugh.gif
if my point is valid, the landlord might reconsider.
who wants to pay extra half a month rent right?
unless he intends to increase rent the following year to the extend that it can cover the agent fee. sweat.gif sweat.gif
heavenhell
post Dec 28 2011, 09:54 AM

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QUOTE(crazy25kid @ Dec 28 2011, 09:37 AM)
then u can nego with the landlord.  laugh.gif  laugh.gif
if my point is valid, the landlord might reconsider.
who wants to pay extra half a month rent right?
unless he intends to increase rent the following year to the extend that it can cover the agent fee.  sweat.gif  sweat.gif
*
Ya thats probably the case that they might wanna increase the rent zzz. Will talk again to the agent n landlord when i arrive at sg later today. Thanks for the advise btw!
Tigerr
post Dec 28 2011, 10:02 AM

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QUOTE(Mackiddo @ Dec 27 2011, 11:54 AM)
but you travel overseas almost everyday to and fro for work  biggrin.gif
Going to Batam, Tanjung Pinang and Tanjung Balai also consider overseas. Many "tourists" going there on the weekends. tongue.gif
TSdeodorant
post Dec 28 2011, 10:05 AM

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QUOTE(heavenhell @ Dec 28 2011, 09:54 AM)
Ya thats probably the case that they might wanna increase the rent zzz. Will talk again to the agent n landlord when i arrive at sg later today. Thanks for the advise btw!

Eh what agency is your agent from? Regardless one year or two year lease also pay 1month agent fee from both tenant and landlord side is like cheating, must let us know so that we can avoid agents from those agencies next time biggrin.gif

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