Depends if your role is short-term only (e.g. they only hiring you for a year to fill in for a lady on maternity), or if it is memang long term just that they want flexibility of hiring contract vs hiring perm.

Banking line: Contract is the first to go whenever there is any cost cutting exercise, or if your role getting outsourced to KL or China or India.

Having said that I guess local SG banks are slightly more stable in this aspect.

Job may be easy if you are in SG but permit application may not be.

As in you may get the job , you may not get a permit.

Honestly is a good entry to SG , work for a while first then think about moving on, as not many got offered such an opportunity , some even tried sending hundreds of resume still no news .

need more info. what industry u in, what position? only then can judge if $2,500 is reasonable.
easy to find, up to u. if u are capable, companies sure will want to hire u. but do note that they would prefer PR/SG'reans, as some companies dont like to deal with paperwork/admin and the hassle of obtaining an EP for u.

wait.. so you are earning 2500sgd*3 = RM7500*2 = RM15,000?? wow.. solid job for IT coordinator in msia bro..