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 Working in Singapore V10, Serious Talk only. no chatting

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Aloong
post Mar 3 2012, 09:47 AM

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Guys, a fren of mine wanted to let go his whole unit (i think one bedroom, can't remember) rented house in Chinatown. Monthly rental is $1450 only.
For those working in town, its very near.
The downside is its near construction and the area is indeed CHINATOWN.
So let me know if you interested to take over.
Aloong
post Mar 5 2012, 04:45 PM

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QUOTE(mercury8400 @ Mar 5 2012, 11:43 AM)
SG gov should have incentive for people to file their tax early...like maybe 5% discount on total tax to be paid???
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the incentive shd be to the company. cos if HR does their job slow, the employees would have to complete their filing late, and the employees are the one kena fine. until now my HR still havent complete the tax submission.

Aloong
post Mar 15 2012, 04:16 PM

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QUOTE(keelim @ Mar 15 2012, 03:19 PM)
In Sg, transferring property 'HDB' has to be at the market price - assessed by a valuer/bank. Hence, the process will entail capital gain tax in a typical boom market. I think Msia has the same clause as well. Transferring the property to your siblings is actually quite "costly" and not advisable from a tax point of view. It's better to play by the rules set by HDB. Compliance is better than evasion.
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Can't really remember wats the original questions, but i beliv sombody wanted to buy HDB property, but got a Malaysia property.

Hence, i beliv was refering to transfer the property in Malaysia. An in Malaysia, if its more than 5 yrs i beliv no RPGT or very minimal if any. 5% on profit. Further, market value of pretty vague. U appoint the valuer and u tell the valuer dun value so high lor. Using bank's valuer (on the pretext of refinancing ur property) is also another way. Banker dam kiasu / conservative in valuation. So if ur property profit RM100,000 at most u pay 5% = RM5,000 only. WIth that profit ur property should be about RM1m, RM5,000 cannot pay meh.

About transfer to siblings, not sure attract RPGT or not, but provided less than 5 years. But i beliv trasnfer to parent no nid.

On HDB compliance side I dun see any risk. U transfer ur Malaysia property to somebody, so tat u can buy HDB. HDB have a hard time proving whether u are genuinely selling to ur sibling/parent or 'transferring'. Anyway, so what if i was transferring as a gift to them? Most important make sure no property loan. How is Singapore to prove whether u are selling or transfering ur property in Malaysia? Are they going to talk to Malaysia government for a G2G initiative just to catch such things, and its so hard to prove that the transferee is holding the prop as transferor as a nominee?


Added on March 15, 2012, 4:22 pm
QUOTE(ky_khor @ Mar 15 2012, 03:53 PM)
Eh you missed the whole point of the salary report. It's the report following the company, not the other way round.

Edit: I notice a lot of ppl take pay cut in term of number when moving to Singapore. That's not healthy. You should at least aim for 1:1 unless you're overpaid in M'sia. I got 5% increase in number (before conversion) when moving to Singapore last Sept. Then I got pro-rated 13th month salary on Dec, CNY ang pao on Jan, pro-rated 3.7 months bonus on Feb, and 5% salary pay rise this year back dated to Jan 2012. Not bad for a guy who spend 1/4 year in Singapore goyang kaki in 1st month, receiving training the 2nd, celebrating Christmas and New Year the 3rd lol.

Don't spoil the market, people.
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Unfortunately we dunno wat sort of samples robert walters is using. If they only sample from MNCs, then is will skew towards higher end.
anyway, gotto take it with a pinch of salt.

On taking paycut or not it depends on a lot of factors. Type of industry, type of work, type of company, type of expereince u have, type of qualification u have, reasons why u wan to move here, growth rate in the furture, opportunity cost. Cant really assume its the same lor.

This post has been edited by Aloong: Mar 15 2012, 04:22 PM
Aloong
post Mar 16 2012, 03:17 PM

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QUOTE(hokin @ Mar 15 2012, 06:38 PM)
I'm up in central north east. Meeting fellow M'sians is always good. I am into just the simple food like mamak or kopitiam. Just a simpleton.  smile.gif

Anyone here part of MISS club? Saw an article in Star Property today : www.starproperty.my/PropertyGuide/Finance/19558/0/0

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I'm staying at NE area too. Can meet up one of these days.


Added on March 16, 2012, 3:17 pm
QUOTE(hokin @ Mar 15 2012, 06:38 PM)
I'm up in central north east. Meeting fellow M'sians is always good. I am into just the simple food like mamak or kopitiam. Just a simpleton.  smile.gif

Anyone here part of MISS club? Saw an article in Star Property today : www.starproperty.my/PropertyGuide/Finance/19558/0/0

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I'm staying at NE area too. Can meet up one of these days.


Added on March 16, 2012, 3:17 pm
QUOTE(hokin @ Mar 15 2012, 06:38 PM)
I'm up in central north east. Meeting fellow M'sians is always good. I am into just the simple food like mamak or kopitiam. Just a simpleton.  smile.gif

Anyone here part of MISS club? Saw an article in Star Property today : www.starproperty.my/PropertyGuide/Finance/19558/0/0

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I'm staying at NE area too. Can meet up one of these days.


This post has been edited by Aloong: Mar 16 2012, 03:17 PM
Aloong
post Mar 16 2012, 03:37 PM

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QUOTE(Lester1987 @ Mar 16 2012, 03:22 PM)
Guess what, the melissa mentioned in that article is our LYN member.. 1 of the pioneer that is active in v1 and v2 of this thread.
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I gues LYN is one of her way to get money resources.
Aloong
post Mar 26 2012, 12:38 PM

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QUOTE(Joshua_0718 @ Mar 25 2012, 11:50 PM)
Common room. In fact, the 3rd person is our ex-housemate (my ex-gf), so we don't mind she moving in. smile.gif
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wow, this sounds complicating. "we" as in u and ur current gf, doesnt mind ur ex-gf staying in ur room??
this sounds like ....party time!!.... thumbup.gif thumbup.gif
Aloong
post Apr 3 2012, 02:40 PM

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QUOTE(screwmescrewu @ Mar 31 2012, 12:14 PM)
No..I'm from west msia. they offered me 3.2k. In the appeal form it's stated that their appeal for S Pass has been rejected so I'm not sure if they first applied for EP, would it make a difference? Supposed to be easier to get S Pass right?

On salary and qualification grounds..it's.. I guess they never expected it to be rejected. They told me they don't really get it as well. They also didn't inform me when it was first rejected. If they told me I would have waited and there is a possibility of retraction of my resignation. It's my first time going abroad and none of my cliques have encountered this before as well so it wasnt in my mind to resign after i get the EP, besides I need to do preparation before I leave. Next time, definitely will wait for it but this is a very costly lesson..very. Now my concern is whether there is a cooldown period for this application and move on. Indescribable feeling.
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Looks like they may have apply wrong pass for u.
SPass may not mean its easier, altho generally, SPass is lower salary than Epass.
It all depends on ur quota.
So applying EP for u, might have higher chance than Spass.
u got clarify with the HR?
Altho this is SG, the HR may not be smarter or more efficient.

Aloong
post Apr 23 2012, 04:51 PM

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I wana do a swimming group. any ladies interested?? brows.gif brows.gif
Aloong
post Apr 23 2012, 04:56 PM

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Anyway, I have a friend looking for somebody to take over his Starhub internet contract. The contract will end by May 2013.
But he is moving out and renting a room now, with internet provided. If he terminate his contract he will have to pay $200 cancellation fee.
Anyone keen to takeover?
This would be beneficial for those who only want to siugn up for 1 yr, instead of lock down for 2 years.
His package is (if im not mistaken) $39 per month.
PM me if you interested. Don't reply via thread as I may not be reading all.
Aloong
post Apr 24 2012, 03:32 PM

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QUOTE(masshimo @ Apr 24 2012, 12:18 PM)
When the Employment Pass application is filed online, it takes anywhere between 1 day to 10 days to receive the outcome notification from authorities.

When the Employment Pass application is filed manually, it takes anywhere between 3 weeks to 5 weeks to receive the outcome notification from authorities.

Simply google it and u can find the answer. I applying my EP manually and still waiting for the result before I tender my R letter. =D
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If the HR nowadays still use manual sweat.gif sweat.gif sweat.gif .

ANyway, a HR personnel (quite a savvy HR personal I would say) once told me, if it takes more than 3 days, meaning something is wrong and MOM is investigating something about u. And better prepare for the worst. Of course, this is online filing scenario.


Added on April 24, 2012, 3:50 pm
QUOTE(extremepower @ Apr 24 2012, 11:49 AM)
man... I don't do charity la bro.. you do lah. you think it is easy?

Bro, if every tom, d*** and harry or ah lian thinks like you or the borrower, then how? All die lah? Stupid?

Complain is no. 1 job in some people. wink.gif

Why not ask the person to buy a cheap racket like 10-20 to play and then throw away? You want to borrow your football boots or girlfriend to other people? lol. wink.gif
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Any chicks wana join my swimming club?? I can lend my swimming trucks drool.gif drool.gif


This post has been edited by Aloong: Apr 24 2012, 03:50 PM
Aloong
post Apr 27 2012, 11:29 AM

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Anyone in Singapore working in the area of credit analyst / fixed income / credit risk / fixed income? Wanted to seek some opinion on type of qualifications. Can pm me, in case i dun follow up on the thread?
Aloong
post Apr 28 2012, 11:02 PM

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QUOTE(wlcling @ Apr 28 2012, 10:45 PM)
dbs/posb the.best bank for.me but.the atm queue always v long... maybe u can consider uob then get the debit card can also multi function to use to tap mrt and bus just like ez link.

also uob acc.can.withdraw from.ocbc atm 3x a month.free of.charge
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The ranking would be like this:
ATMS; DBS/POSB > UOB > OCBC
Queue; DBS/POSB > UOB > OCBC

So UOB would give you the best balance.

I was recently told that to open a UOB savings:
Nid to deposit $1k
Maintain $500 per month, otherwise there will be charges
SHow ur Epass, passport, Msian NRIC
Proof of address in SIngapore (I'm not sure can use office addres or not. But I think they should insist home address since wat if u staying w a relative and using prepaid phone, then no proof u stay there.

But I rmbr when i open mine, no nid deposit a single cent!! Just show them my HR letter proving that I'm employed..


Added on April 28, 2012, 11:03 pm
QUOTE(extremepower @ Apr 28 2012, 10:48 PM)
U r still a small fish. Nothing to worry about. Ah long is their main target. So many people doing moonlighting to survive nowdays. wink.gif
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Why target me? ohmy.gif

This post has been edited by Aloong: Apr 28 2012, 11:03 PM
Aloong
post May 2 2012, 02:26 PM

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QUOTE(sylar111 @ May 2 2012, 01:50 PM)
I wished I knew why it was being rejected b4. Could be several reasons. Maybe because i was a former PR? I think i was working here b4 but it was a very long time back. I was working here temporarily i think.
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This is very weird....was it so long that you couldn't remember or you not sure cos that time was Malaya time (i.e. no SIngapore)?
Aloong
post May 19 2012, 12:03 AM

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QUOTE(Joshua_0718 @ May 18 2012, 11:43 AM)
Anyone working in Fuji Xerox, Tanjong Pagar? How's the working environment over there?
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Fuji Xerox near to PSA. A lot of nice food there.
Bak kut teh, Prawn Noodle and i like the malay rice the most.
got a lot of other stuff oso, but less chick to see, cos a lot of labourer eat there as well.



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