Yes, seems like impossible now for those who just started in Sg, but if you start saving now then put some cash into some investment like msia prop (that generate rental income of course), when appreciate, refinance to cash out.

Thats one way to get cash.

Congrats! Where did you bOught!? Katong? New or resale?

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Added on July 13, 2012, 12:43 amYes for private, hdb I am not sure.

WOnt lari one. You just gotta trust if you want to jointly invest. I also enter a few jv for commercial property in kl, they trust me, I trust them. Of course I do my due diligence before jv w them. Surround yourself w successful ppl so that least yOull make mistake.

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Added on July 13, 2012, 12:44 amCafe iguana, beside brewerk. Nice Mexican food.

This post has been edited by chess_gal: Jul 13 2012, 12:44 AM

Congrats! Yay!

I think too late to enter the bubble tea scene, too saturated. 4 years ago, I also started my bubble tea shop at KL, Wisma Cosway, but close after 6 months cause dispute with my insane partner. An *******. Then I have wanted to open one in Sg but then didnt get the approved license to operate in a friend's palce. Fire hazard issue.



However, looking at the competition now, we have Gong Cha, Cup Walker, Koi Cafe, Sweet Talk and many more other small players.. My colleague told me, the trend is in again, back in her school days, there were a lot more brands of bubble tea around. Then slowly one by one close down. Reason? Rental is the number one killer and also the operating overhead cost. You need volume, substantial volumne

So, invest in property la, every retail business needs space. So be the landlord. Infact I am looking for ppl to JV with in my next commercial purchase in Sg. Not now, but perhaps next year after I accummulate my bullet.

Every business also can make money, of course I know retail business is way to go, thats why I tried but didnt succeed cause not willing to forgo my corporate ladder.

Good luck in your business venture!

Yes, those within affordable level are Pasir Ris/Flora Drive.


Flora Drive
Carissa Park
Estella
The Gale (TOP soon)
Ferraria
Dahlia
Avila
Azalea

City Fringe/Boon Keng
Airstream
iSuites @ Tani
Vetro
Callista
Beacon Heights
City Regency

I have seen most of the above for the past 6 months. The above are all resale units (existing condo) and are within 900-1100psf depending on your size and freehold/999 leasehold. I bought one of the development in the list.

My criteria of selection, the current rental must be able to cover the installment and the lowest psf within that area. You must be fast though, ppl buy property here like beli sayur, a few that I missed out cause my bf PR was still pending. The day he got his PR letter, I straight call the agent and pay him the 1%.

HDB procedure

1) View property, pay SGD1K (Maximum deposit) can negotiate but max is SGD 1K.
2) Then the rest can ask HDB agent. Not familiar

Condo procedure
1)1% downpayment sign acceptance letter (Seller's name)
2) 4% downpayment (to seller's lawyer), execution of OTP (within 14 days) (Option to Purchase) (TOP - Temporary Occupancy Permit - means can move in and stay, something like CF in Msia)
3) Another 3% (minus SGD5.4K) for stamp duty - pay to lawyer
4) Balance of 15% before signing of SPA (2 - 3 month from signing of OTP) - You can apply for CPF if your CPF is enough.

Singapore Power & Seraya Power (this own by YTL power).

SO nice!

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Added on July 13, 2012, 3:33 pmjungles are not allowed.

This post has been edited by chess_gal: Jul 13 2012, 03:33 PM

Last week??? wait la dude. My first application took me 2 weeks. My friends took 6 months, until I submitted hers to my Partner to cut queue.

Sorry ya, only experienced (4 years) applicant can jump queue. Junior level need to follow the normal route. But I think the new recruits should be in already. For KPMG Sg, I think the recruitment starts in March - June, orientation in July.

Nope. I am not meticulous enough and I cant drink. Too many smart people in the den and time too precious to keep climbing the corporate ladder where I can never see the top.

In IKEA, it is slightly different. Only 2 more ladders to become a CFO, but problem is WHEN would that vacancy be available as people never leave! At the meanwhile I am enjoying the free time by building a little business at the sideline.

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Added on July 22, 2012, 10:41 amI agree with you seantang, the first year in Sg, I hardly save a dime, but slowly as you progress and jump a couple of ships, money will start to roll in IF your boss thinks you are worthy enough. It would only work if your boss could appreciate what you do. Some ppl hated singapore simply cause their work sucks, they couldnt click with their local colleagues, home sick and away from their love ones.






This post has been edited by chess_gal: Jul 22 2012, 10:41 AM

Actually it depends, if you know your progress in a company is pretty stagnant, better save up instead.. In a way, am speaking from experience, I didn't mingle well w my colleagues back in audit, I didnt suck up to managers or partners and was constantly in loggerhead with them, and since I don't drink, I always excuse myself from after work party cause it's too taxing. It proves to be a CLM, but that's because I lost the desire to dabble in dirty back lashing politic games and I don't see myself of being an audit partner. I save up and invest in business and property instead.

If you hv no desire to run your own business then put a good front but not to the point of overspending to fit in. Else save up as much as possible. Am thankful my current job isn't as taxing as in audit. Pay is reasonable and boss is very nice and humane. Everyone in office including my staff know I am extremely frugal, in fact I always advise my staff and boss to invest and suggest them how to leverage. Everyone is so busy making the company rich but no one knows how to make themselves rich. That's just my thought cause I'm really hoping to run my business full time before hitting 35 and by 40 I can let go of everything and see my kids grow up.

Haha yeah. Couldn't agree more.

Yes, Conclusion is, work hard to get to seantang position, good job very great pay. Or save up and invest. Afterall, all if us are here for one simple reason, money.

For HDB i think both have to pay (if both engage separate agent). But for private property usually agent gets from seller's agent.

PUB - public utilities bills - water/electricity etc.

try roomsdb.net

True. thats why I hv my business as back up.

Wow, some newbie here has been checking me out, just 5 post and trying to flame me?

Anyways, thank you for the compliment.

Probably he read my blog.

i dont think things in singapore are too expensive. Aside from car and housing, rest is very decent and affordable. I can still get 2.50 chicken rice and 1.50 nasi lemak at neighbourhood mall.

Welcome to Singapore. I hv been here for 6 years, still excited to be here, though occassionally I am home sick.