Didn't know you can use 100% of CPF for the downpayment. Don't they have something similar to akaun 1 and 2 like in Malaysia (ie you can only take from akaun 2, cannot touch akaun 1) ? - medisafe, medisheild ... very confusing

there is...he mentioned 100% of Ordinary Account (OA)
there is a Special Account (SA)...then there is medishield/medisave or something

Medisave is your own CPF saving for medical expenses which are not covered by your insurance. It has a max cap at 40+k and a long list of withdrawal restriction.

Medisheild is your compulsary medical insurance paid by your CPF money. You buy a standard coverage from Sg gov by default but you can change to medisheild plan provided by a few insurance companies. Just upgrade yours to a private type with RIDER plan, no regret.

This post has been edited by r1v3r: Apr 18 2013, 10:20 PM

Agreed...i bought a 3 room resale at bukit batok...the monthly repayment/installment will be able to pay 100% using my and my wife's CPF Ordinary Account...versus now I'm paying SGD1000 monthly rental for a master bedroom. Further the monthly repayment amounts to around SGD900 monthly only.

Just wondering cause i am going back for holiday tomorrow. What are the things you guys normally buy in Msia before coming back to Singapore? I know milk powder is 70% more here, any other things?

BTW, i am from ipoh too

Nvm... it becomes something to aim for, then. Don't waste the power of earning 2.5X cash...

I brought in local coffee bean sometime. Ipoh white coffee famous right?

I usually buy Ipoh food that I can't find in SG... like heong paeng, sak keh mah, swiss rolls from JJ's opposite MGS etc. Once I even brought back 100 sar kot from Tai Sue Keok in Pinji. Also cannot find my fav sweet Kopiko in SG. Other than that, bring back light stuff with a big price difference... like vitamins, supplements, panadol etc. Heavy stuff like groceries etc... I don't bother. I value travelling light way too much for that.

In any case, unless you have a huge family to feed,.. you're not going to save much occasionally buying groceries from Malaysia. To truly save, you need to buy all your major groceries in Malaysia. Otherwise,.. it's like saving $30-40 a week by spending hours travelling. Take up a part time job or work from home using that time... you'd earn way more than that.

This post has been edited by seantang: Apr 18 2013, 11:35 PM

Cigarettes if you smoke, open pack, 11SGD vs 10RM now? I stop around 10SGD, never keep track anymore. Never like to wait for luggage, light stuff inside my hand carry like coffee, cookies, supplements that can't be found here.

Tenom coffee?

12.50 SGD for dunhill red, rather eat magee mee then to lose my best friend

I always try my luck with chewing gum. Kena caught couple of times, just ask me throw away.

eh Fiona, pass some to me ya ?

Guys is it ok for fresh grad to look for job in Singapore? Or should get some experience in Malaysia first b4 going over, bcs will ur Singaporean colleague be willing to train & help out Malaysians???

Guys,

If you have 4-5 years experience in IT, how much do you think reasonable to demand for a job in SG?

How much is do you think I need if I decide to work in SG, stay in JB? Is it good pay if can get 3.5k-4k SGD? If convert to Malaysian Ringgit, it is about RM8k-RM10k.

Thank you!

i think bread is cheaper in msia too, basically buy things which the main ingredients are subsidized by the gov..

38% of Singapore's population will be senior citizens by 2050

But here is the good news.

By 2050, 38% of the population will be aged over 60. With a weightage of 6.1, just 0.5 away from Hong Kong SAR, Singapore is a potential market to explore for ageing business opportunities and turning social challenges to opportunities.

These are just some of the findings from the Ageing Asia Silver Economy Index where Singapore grabbed 3rd spot among 15 economies surveyed. The report showed a ranking of countries in Asia Pacific by market potential of ageing baby boomers.

Hong Kong SAR emerged in the top, followed by Australia in the second position. The survey used ’Per Capita Household Savings for aged over 60’, ’Growth rate of Household Savings’, ’Percentage of ageing population’ and ’Life Expectancy at birth’ as contributing factors.

Singapore has the highest GDP per capita PPP in Asia Pacific – US$60,900, and the third highest in the world.

The Singapore Government has also announced recently that a budget of US$400 million will be used to build 10 new nursing homes, 39 new Senior Care Centres and 56 new Senior Activity Centres by 2016 to support the needs of the local population1
.
Ms Janice Chia, Managing Director, Ageing Asia Pte Ltd, Singapore shared, “ageing in Asia Pacific will impact every sector of our economy. We need to start changing our mindsets and be more innovative about products and services that will attract spending power of ageing baby boomers, to enable them to age independently, healthily and with dignity.

Older adults in Asia-Pacific represent a US$3 Trillion market opportunity for healthcare, eldercare, financial products, education, wellness, real
estate, recreation, and more. For a start, we should stop using the term ‘silver tsunami’ and consider using ‘silver economic opportunity’”

http://sbr.com.sg/economy/news/38-singapor...r-citizens-2050

Why not.if you intend to gain experience in malaysia first, then you better make sure you will remain in the same industry when you come over to singapore because if you shifting to a similiar job title but diff job scope, eventually they will treat you as freshie also. Singaporean colleague is totally depend one, if you lucky enough, you will met nice and patient one who willing to help you. if you are bad luck, then no choice d.

Yeah, gotta set that as a goal and work towards it. i think 5 years down the road, the HDB will cost 1 Million.....damn

Hi All the tailo, I am planning to work in Singapore and I am from KL. Can any one please advice me, if i would like to transfer my staff to Singapore by transportation (Own / transport Company) Can you all please advice me what is hte best way. Also please advice what should i bring down rather then buying from there. Thank you.

No real reason to purposely hold off moving to SG, IMO. As a fresh grad you might have to compete on price with the locals (i.e. accept lower salary).


Robert Walters Salary Survey http://www.robertwalters.com.sg/wwwmediali...survey-2012.pdf
MOM Report http://www.mom.gov.sg/Documents/statistics...rsd_2011ROW.pdf

As long as the low interest rate environment persists and the tap on immigration is not fully shut, you will continue to enjoy paying for your own mortgage compared to renting. But the comfort of having your own place should be above monetary consideration.