Im going to work at Novena on April, Anyone work there too?
Any recommendation of place should I stay?

ermm..no ark..very easy....mom was a SPR be4...when she passed away, very fast they send me the money. No hassle. Even epf also very easy...but slower than SG CPF.

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Added on February 28, 2008, 5:22 pmMeaning your salary include CPF oredi.

Example:
SG salary SGD1500 include employer's CPF inside the SGD1500
MY salary Rm1500 + another 11% employer's epf = RM1665

And yes, if u become PR, they will deduct your salary for employee's CPF as well as Employer's CPF into your CPF because your salary included both employee's and employer's part. This is one of the little things that they didnt tell you.

This post has been edited by mIssfROGY: Feb 28 2008, 05:25 PM

zzoom18
I suggest you check with the company HR on how much take home pay you will be getting.

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Added on February 28, 2008, 6:32 pmTerence,

If you are planning to stay in SG for long term, CPF is good. Unlike in Malaysia, you can use SG CPF to pay for your SG house mortgage monthly.

If you are looking at getting back a lumpsum at 55, that's with a pinch of Salt. They've just increased the withdrawal age to 62 and will hit 65 in near future.

I forsee more CPF rules aka withdrawal limitations comming along the way... with SG Govt investments gone sourly South.

This post has been edited by Dyong: Feb 28 2008, 06:38 PM

mIssfROGY, thanks for information.
The Agent told me I will get all the GROSS pay, but not sure what will happen after I got the PR.
Let say Salary have $5K, then at least deduct $1k from there??
The job offered is Contract one year.
OMG.... salary become $4K after convert to permanent.

Oh Novena? where? Novena Square? Goldhill Plaza? Velocity? That area is an expensive place to live, many well to do people live there, so as many are private housing too. Find some where near MRT if possible. There is a Novena MRT there.

As with the CPF thing, you can use it to invest in unit trust, gold an stock once you have reach a certain level. The withdrawal age will eventually be rasied to 65 and then you have this annuiy life, which "will ensure you have some money to spend when you grow old". SG Gov protction is that its citizens is going to live past to 85. when you are here, you will know. Anyway, not sure it applies to Malaysians.

i never been to singapore before.but i think there working prospects there is like indians coming to malaysia to work...for them our pay here is high...
but i really wonder if it really makes a lot of difference in terms of salary when working there...

Dyong,

Yes if i get a job im staying long term where to settle down awhile at s'pore..

saw HDM unit at Chao Chu Kang selling at S$250 onwards...hmm.....
Since CPF can deduct ea month for mortgage should be alright i think~

Dear all...
Im confuse to work in Singapore or Malaysia.
I got 2 offer - Let say
Singapore offer me SGD 4K in .NET (contract)
Malaysia offer me RM 3k in SAP (permanent+2 month bonus min)

I have total of 2 years exp in .NET and 0 experience in SAP
Should i work in Malaysia to gain experience in SAP or Try .NEt job in SG?

I believe with SAP experience can easily get up to 4-5K SGD.
What should i do now?

working at sg also.
anybody working at tanjung pagar?

wow better watch it dude....if you put your money in the bankrupt CPF you might not be able to get it out if you quit working here...if i am not wrong..there was some discontent in the past because many malaysian who worked here during the boom time of 70s and 80s quit the scene and wanted to withdraw out their cpf but couldn't...only east malaysian were allowed to do so...this was a sticky point which i believe mahatir couldn't even solve with the sinkingpore gov....it is so obvious why they were reluctant to allow west malaysian to withdraw these funds...cos back then you guys came in hundred of thousand to work here..and if everyone was allowed to withdraw once they quit, imagine what would happen to the CPF...overnight become bankrupt...

This post has been edited by Frankiestine: Feb 29 2008, 10:10 AM

got already...
stayin at company service apt for a month before movin to my aunt place...

zzoom18
It all depends on what is your career aspirations, nobody would have a better answer than your heart.

guys have a question here,

Let say working after 6 months u entitle to get CPF is tat so....
but in long term u quit the job n go other places and work let say..UK/US/AUs..etc.. and when u reach age of 65 do u entitle go get back the remaining CPF funds from S'pore gov? or is totally burn?

Second thing Getting a PR is it a good idea? I can think off getting a PR good for better jobs (job hopping/MNC/Higher Wages) but if u settle down at S'pore do your children need to serve NS? hmm

Based on current guidelines, a PR can get back CPF money at 55 upon surrendering their PR status.

2nd generation PRs (Guys only) need to serve NS, if they choose to stay in Singapore.

As a matter of fact, these NS guys are busily hunting the JI fugitive now.

Hey.. I'll be working in Novena too.. have u found a place to stay so far? Im staying in Khatib & its location is walking distance away frm mrt station with many facilities around like food court, supermarkets, clinics, sports centre, counters for buying toto etc.. just 17min to Novena. Anyway, just sharing with u.. There r many other nice locations in Sg too.. dun really need to worry abt the transportation prob or getting food.

Hope u get a nice living environment soon~

The CPF deduction is no doubt very high but it all boils down to your intention to stay long or short.

Despite the fact you can use th CPF to buy house, but being a PR you can only buy from the open market. Means, you cant ballot for a new HDB flat, but to buy from an existing owner.

Flats here are very expensive, minimum SGD300k for a decent 3 rooms flat. 3 rooms mean 2 bedroom and one living room (Yes, a living room is consider a room ).

For myself, I am still considering whether or not to get a PR. Perhaps will consider that after a year.

CPF or EPF, for me, those money best invest in unit trust, at least the return is higher.

am wondering... can one person have 2 PR in 2 different country?
eg, can a malaysian have a PR in singapore and a PR in australia?

3 Room flat does not need till SGD300k unless those center of city and has a very strategic location.
I will say it will cost like around average SGD200k-250k for more accurate.Some a bit far like Yishun, woodland may cost less than 200k. Anyway, its still very expensive

Clausman
Dual PR/ Citizenship is not permitted in Singapore.
There's a "limelight" Malaysian pilot caught having PR in Aussie and SIN, his PR for Singapore was terminated.

Chessgal
Paying 300K for a HDB 3 room flat with 99 leasehold is a rip off.
I concur with Jimmy that for around 200-250k would get you a decent 3 room around neighbourhood centres.

My take on the housing issue is in SG

1) Mortgage rate is menial (2.6%-3.5%) in Singapore, as compared to (6%-7%) in Malaysia.

2) You can finance it through CPF, saving Hard Cash-on-Hand (your rental).

3) Having a home brings more manageable opportunity to increase your net-worth, either by capital appreciation or rental yields.


In a time of irrational exuberance like now, suggest all take a closer look at their financial well-being before committing a big ticket purchase.

The property market in SIngapore is booming now. Not a wise choice to buy house.

Yishun and Woodlands areas are quite old and far-off from the city.

Of course, in Singapore, no where is too far but not having a car is quite a distance to travel.

My friend is staying in Yishun, very near MRT, but he bought the place for SGD200k, 10 years back. Are you sure it still priced around 200-300k, now?

3+1 rooms flat.