deswai.. the best scenario is to be hitched by a sgrean and you'd get all the benefits.

Sorry, I didn't understand your English. What did you mean by "how low the marginal propensity to save over there"? Did you mean that a lot of them have very little savings/hard to save? Or, did you mean that although they save, the amount saved is very little?

Please forgive my substandard command of English.

Terima kasih atas penjelasan tuan.

Sekian.

There will be a new set of worries, like whether you will ever be able to return to Msia.
Apologies for the term. MPS relates to one's spending when his income increases. Say, his increment is $100 but his monthly savings only increases by $10 (additional $90 increase in spending) . Hence his MPS is 0.1.
We're all guilty of it to some degree. We wonder, heck, when my pay was xxxx, I could save xyz per month. Now my pay has increased but I still save xyz per month.

There will be a new set of worries, like whether you will ever be able to return to Msia.
Apologies for the term. MPS relates to one's spending when his income increases. Say, his increment is $100 but his monthly savings only increases by $10 (additional $90 increase in spending) . Hence his MPS is 0.1.
We're all guilty of it to some degree. We wonder, heck, when my pay was xxxx, I could save xyz per month. Now my pay has increased but I still save xyz per month.

Thank you so much for the explanation - it is very much appreciated.

Cheers!

If a person reached that stage, chances of returning to Msia is probably 0. Kinda applies to most white collar Malaysians here... so i guess getting hitched by a Sgrean is the best case scenario for those who want to settle down. hnghhhhh.

welp, as the saying goes, the more you earn the more you spend

My pleasure, bro.
The worst has yet to come. You stay as PR, have Singaporean family members there. When you're ready to convert, you are rejected.

Haha, do you really read my comments?
When you earn 10k why you don’t buy your own hdb?
You don’t even know the cpf contribution cap at 6k and you can use 70% of your cpf contribution for house repayment.
For 10k, you will bring back about 8.5k after the cpf and income tax
I stay in hdb, price about 600k when I buy. When amount is huge 1~2% will make few hundred difference
I only pay extra 1k, and others 1k+ paid by using cpf

For kid
As I said during preschool SG is expensive, monthly paid for full day care from Sgd700~1.2k, if you already go for full day why you need nanny? Nanny price is 800~1k+, usually SG ppl will go for half day and another half take care by maid.
Maid price here is cheap, 400~700, levy is 60 for working mother, 260 for non working mother, agent fees 1k+

When go to primary school, you save sgd700

I think MY childcare is 1k+ and same for nanny

For car, how much you spend in MY will be about the same in SG, just that car is opt in SG, some will take grab which will be cheaper option compare to own a car, hdb parking is 110sgd, working place parking is depending, from 100 to few hundreds

My lifestyle would be, Friday I will hang out with my frnd at bar, Saturday and Sunday will bring my family to park/mall/movie/activity by gov or sometime visit jb/kl or Batam

Before I come SG, I used to stay in kl for 10 years, kl got less things to do.

Don’t just listen to 1 side of story, earning sgd3k vs sgd10k lifestyle is completely different, don’t even say about those who earn less than sgd3k, which travel between jb/SG

actually, if one of the spouse is sgrean already the other will just remain PR... best of both worlds yo!.. and actually once PR, the chance of rejection is super super low (cuz they can keep your CPF and you can no longer make a full withdrawal) that's the game they play.

so if one spouse keeps the PR status, he can revoke his PR and bring the SGrean wife along to retire in Msia and proceed to make a full withdrawal on the CPF, altho wife no choice but have to collect the pro-rated CPF pay outs... so having this in mind, is not wise to convert to citizen if already have a sgrean spouse.

Retiring like this... after selling off the HDB and converting the CPF to MYR, simply simply also can get RM3m liao... more than enough to enjoy the retirement.

Correct me if I am wrong. Your cpf is held back too if you're a PR and residing in Singapore.

Please do not assume you can convert to pink ic as you wish. I know of someone in his 70s who has been rejected. No more economic contribution and you want to leach off the state (medical subsidies, etc)? Next please.

Edit: about revoking pr and getting back cpf monies, you might want to clarify with them. Lots of T&C yo.

err malaysian housing is private housing

you were comparing the mechanisms of the two

Well you have your explanation. I don't you have lots of saving after you spend the way you had mentioned. seems like your car and parking is free.haha

Do what as in work as what

Or

Do what with his money?

LOL

Malaysia also have public housing...
I didn’t bring up the comparison, look back my previous post, I said, SG have hdb...
You really just reply base on you like, don’t even read the post first before comments
I already told the parking cost, car repayment similar to Malaysia, and it is optional

You don’t know how much I earn/save/spend, not sure what your comments trying to point out...
Many members already point out, SG saving more compared to malaysia
What you need to spend in SG will be the same in MY

i believe everybody like to work in SG due to its currency is 3X higher
don't you think you got your lifestyle downgrade by staying in HDB?
Well, I think you like to spend more on car, driving Audi but staying in HDB is like staying in low cost flat
although compare SDG10k to MYR20k, for your lifestyle is SG is a downgrade to MY and doesn't seem like you will save more for MYR20k for the same lifestyle

There’s so much wrong info and mistaken assumptions going on that it isn’t funny and can be quite misleading to the TS.

I’ve been a PR in Singapore for close to 25-30 years.

I came down for a S$1,700 salary. As a Q pass holder (equivalent to an EP now). No need to pay CPF. I worked regular 12 to 18 hour shifts, sometimes 24 hours. I took MRT and buses. I used a pager for 8 years. I lived in a rented room at Clementi. And ate either at the work canteen, or at hawker centres.

I still had money left over to save regularly.

Nearly 30 years on, I now work 6 hours a day, 5 days a week and 3 hours for the other day. I don’t work on Sundays and public holidays anymore. I have at least 60 days of leave a year, not counting the weekends. I’m now a PR, which means I pay CPF. You can read HERE if you want to know why I stayed on in Singapore for so long.

3kk! is correct in saying that you cannot buy private property as a PR if you already have a resale HDB flat. That privilege is reserved for Singaporeans only. You CAN buy commercial properties though. I know this for a fact because my wife had to become Singaporean so we could continue to live in our HDB while we made purchases of residential and commercial properties in Singapore. We eventually sold off our HDB but I’ve remained a PR while she is now Singaporean.

If TS is young (like I once was), you should come down to give it a try. Never try, never know. If you like it, you stay and help share your version of the facts as you perceive them to be (like what I’m doing here).

If you don’t like it, you go - and you can share the reasons why you left.

Just remember this: Singapore has no mercy for the weak, the mediocre, or those with a tongkat mentality. If you can’t perform, they’ll replace you with someone that can, regardless whether you’re Singaporean or not, what more if you’re just a foreign worker. This is now meritocracy works. Like I said before, it’s a blessing for those who can work hard and have genuine talent. It is a curse for those who are lazy and have a tongkat mentality. The former group will thrive and prosper. The latter group will end up disillusioned and be a bunch sour grapes and spread half-truths and outright fabrications about Singapore.

Different strokes for different folks, different grass for different cows, your mileage may vary.

Haha, I never said I earn only sgd 10k

For me, I prefer hdb over condo, due to the condo in Singapore is overpriced.
And I also taking advantage of the subsidy given by SG gov. After 5 years, I’m actually looking at landed.
I actually not eligible to buy hdb, just that, my appeal got approved.

I’m not sure what do you mean by downgrade compare to MY? I drink Starbucks, eat fine dining, travel euro/japan, one or twice per year, so do you do that in MY when you earn myr20k?

I wonder in KL you do the same like me, how much you can save with your 20k salary?

What’s wrong to drive Audi and staying in hdb? I don’t feel any downgraded.
My car only 160k, monthly only pay sgd1.2k
i saw people driving s class, 7 series stay in hdb and tons of people driving merc, bmw, Jaguar, Lexus, even porches stay in hdb

There’s so much wrong info and mistaken assumptions going on that it isn’t funny and can be quite misleading to the TS.

I’ve been a PR in Singapore for close to 25-30 years.

I came down for a S$1,700 salary. As a Q pass holder (equivalent to an EP now). No need to pay CPF. I worked regular 12 to 18 hour shifts, sometimes 24 hours. I took MRT and buses. I used a pager for 8 years. I lived in a rented room at Clementi. And ate either at the work canteen, or at hawker centres.

I still had money left over to save regularly.

Nearly 30 years on, I now work 6 hours a day, 5 days a week and 3 hours for the other day. I don’t work on Sundays and public holidays anymore. I have at least 60 days of leave a year, not counting the weekends. I’m now a PR, which means I pay CPF. You can read HERE if you want to know why I stayed on in Singapore for so long.

3kk! is correct in saying that you cannot buy private property as a PR if you already have a resale HDB flat. That privilege is reserved for Singaporeans only. You CAN buy commercial properties though. I know this for a fact because my wife had to become Singaporean so we could continue to live in our HDB while we made purchases of residential and commercial properties in Singapore. We eventually sold off our HDB but I’ve remained a PR while she is now Singaporean.

If TS is young (like I once was), you should come down to give it a try. Never try, never know. If you like it, you stay and help share your version of the facts as you perceive them to be (like what I’m doing here).

If you don’t like it, you go - and you can share the reasons why you left.

Just remember this: Singapore has no mercy for the weak, the mediocre, or those with a tongkat mentality. If you can’t perform, they’ll replace you with someone that can, regardless whether you’re Singaporean or not, what more if you’re just a foreign worker. This is now meritocracy works. Like I said before, it’s a blessing for those who can work hard and have genuine talent. It is a curse for those who are lazy and have a tongkat mentality. The former group will thrive and prosper. The latter group will end up disillusioned and be a bunch sour grapes and spread half-truths and outright fabrications about Singapore.

Different strokes for different folks, different grass for different cows, your mileage may vary.

This u must ask brother ask_yip the last response he said ditch malaysian citizenship to be singaporean. Must get hom to comment and give his view

Haha, I never said I earn only sgd 10k

For me, I prefer hdb over condo, due to the condo in Singapore is overpriced.
And I also taking advantage of the subsidy given by SG gov. After 5 years, I’m actually looking at landed.
I actually not eligible to buy hdb, just that, my appeal got approved.

I’m not sure what do you mean by downgrade compare to MY? I drink Starbucks, eat fine dining, travel euro/japan, one or twice per year, so do you do that in MY when you earn myr20k?

I wonder in KL you do the same like me, how much you can save with your 20k salary?

What’s wrong to drive Audi and staying in hdb? I don’t feel any downgraded.
My car only 160k, monthly only pay sgd1.2k
i saw people driving s class, 7 series stay in hdb and tons of people driving merc, bmw, Jaguar, Lexus, even porches stay in hdb

Aiya, it's okay cloudwan0 - haters will hate, butthurters will hurt. I suppose they have to say it's hell in Singapore because it somehow makes them feel better about themselves. Don't lose any sleep over it.

sounds like what you do can be achieved with MYR10k when staying in Malaysia. LOL