Thought you are acca member and some world medalist? Should be no problem for professional and world top. Know one case approved after 1 month working here.

Just annual financial statements and audit for the ROS annual return. Besides that an annual tax return. Maybe because I was from the industry... will take me about 2-3 hours to do everything except the audit (which I can get any number of friends to sign off).

With you as the personal guarantor, yes.

Happens everywhere lah... in cities where the density is high and demand > supply.

Just look at Din Tai Fung... from their native Taiwan to SG and HK... always a big long queue during makan time.

My observation... this type of queuing happens in a public transport dependent city. Let's say you organise all your pakcik makcik, take an hour's walking, bus & MRT to get to the restaurant... and it happens to be crowded. What do you do? Walk away and come back another day? And eat at some other makan place that nobody wanted to go to in the first place? If you look for another desirable place to eat... it probably involves another hour of walking, bus & MRT? And no guarantees that there's no queue...

So once you're there... you feel committed already from all the time & public transport discomfort it took you to reach there.

Whereas in KL, if this shop got a lot of people, just get back into your car and drive to another nice shop to eat. And your car is just parked (illegally) in the street nearby. Singapore must park in HDB car park, or shopping center basement - and it probably took you a long time to find parking... so you really don't want to give it up after you park. Committed again.

Of course. That's the whole premise behind the neighbourhood mom&pop store, 7-11, milkbar, Ramli Burger, coffeeshop, kedai runcit etc.

What they offer are convenience and proximity.

Tax rates for non-resident individuals


Employment income
Your employment income is taxed at 15% or resident rate, whichever gives rise to a higher tax amount.

http://www.iras.gov.sg/irashome/page04.aspx?id=1190

That's why our mum ask us study good good lo. Y no listen lol but listen to those people saying GPA is not important bla bla bla. If the us, uk ivy league foreign graduate come here, normal local uni grad also need to step one side...
Deodorant, 7-8 years ago that time the salary is like that kind of range one. Local graduate around 2k, 8k is the high end investment banking guys liao. 3 bedroom condo in Bukit Timah only 600+ k  .

I am very happy to receive the HDB approval letter for my purchase of a resale unit. Finally I can have my own place! the expected handover date is in mid September

And tomorrow I will be registering P1 for my son under Phase 2C.

Will be more than happy to share the process (both HDB resale and P1 registration) when they are complete

Some figures for young couples want to start out with a home and car.

4 fully furnished bedroom condo next to upcoming MRT - got it below market rate, ex-owner got some financial problem, he need a lump sum cash immediately. Paid 30% cash deposit on booking for the deal. 1020/sq ft, total about 1.6 mil.

Downpayment 25%
ABSD 10% - due to one of the owner having other properties in SG, wholly own and co-own also count as 1. 5% for people with no property.
BSD - about 3%
Legal fee - 5k, partly on the house by a family friend. Heard the rate is 0.5% normally.
Agent fee - 3k. Not compulsory, only applicable to seller, but the agent spent a lot of effort helping us for the deal.
Bank loan fee - Few hundred, not a big amount.

Downpayment (partly), ABSD, BSD, legal fee can use CPF.

Dead broke after the 30% deposit. CPF also sucked dry.

Loan 800K from bank, repayment period 25 years, monthly payment about 4k (can use CPF, so basically only need a small amount of cash). Good thing when buy condo is can rent out immediately, not like HDB 5 years period. Current tenant rental 5.2k, so heehee! Good way to convert the monthly CPF contribution into cash. Maintanance fee about 500 though, paid by owner.

Car

A X6 cost about 400k with COE (about 85k), without COE the price is about the same as Malaysia I heard. Bad thing for SG is the 50% cash down payment. Monthly instalment about 2k for 10 years.