

Singapore PR Application on May 2023, Already 12 months
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Jun 29 2024, 06:06 PM
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1,825 posts Joined: May 2010 |
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Jun 29 2024, 06:52 PM
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1,136 posts Joined: Jan 2010 |
QUOTE(hksgmy @ Jun 29 2024, 04:46 PM) It wasn't 3.5 back then .. it was about 1.5 only .. most would have preferred KL over Sg considering the living cost .. where things were much cheaper .. Another factor would be the high influx of PRC and CECA .. |
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Jun 29 2024, 07:48 PM
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#643
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QUOTE(malz89 @ Jun 29 2024, 06:52 PM) It wasn't 3.5 back then .. it was about 1.5 only .. most would have preferred KL over Sg considering the living cost .. where things were much cheaper .. No la not so low 1.5Another factor would be the high influx of PRC and CECA .. Days before prc ceca early 2000 and my pr year 2003 was around 2.27 range. That time many pinoy, pinay & thais but not many prc/ ceca This post has been edited by jojolicia: Jun 29 2024, 08:20 PM |
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Jun 29 2024, 07:51 PM
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7,847 posts Joined: Sep 2019 |
Yeah, when I came over nearly what, 25-30y ago, it was already 2.2 or thereabouts. I don’t recall it ever being 1.5… probably my parents’ time ba.
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Jun 29 2024, 07:54 PM
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1,782 posts Joined: Jul 2022 |
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Jun 29 2024, 07:54 PM
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7,847 posts Joined: Sep 2019 |
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Jun 29 2024, 08:49 PM
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1,136 posts Joined: Jan 2010 |
QUOTE(jojolicia @ Jun 29 2024, 07:48 PM) No la not so low 1.5 Oh my bad .. because what I could rmb is back then when I headed down to sg for vacation as a kid it wad 2+ .. was expecting about 1.5 during later 90s to early 00s .. guess myr was quite stable back then compared to now ..Days before prc ceca early 2000 and my pr year 2003 was around 2.27 range. That time many pinoy, pinay & thais but not many prc/ ceca And, used to hear "ma lao" very often but hardly nowadays .. but "JHK" is still common .. haha This post has been edited by malz89: Jun 29 2024, 08:51 PM |
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Jun 29 2024, 10:11 PM
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#648
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1,911 posts Joined: Feb 2016 |
QUOTE(malz89 @ Jun 29 2024, 08:49 PM) Oh my bad .. because what I could rmb is back then when I headed down to sg for vacation as a kid it wad 2+ .. was expecting about 1.5 during later 90s to early 00s .. guess myr was quite stable back then compared to now .. You heard of "lian-pang" kia? The hokkien folks callingAnd, used to hear "ma lao" very often but hardly nowadays .. but "JHK" is still common .. haha Yeah, it was straight line 2.2+ for a long time. 04-07 was not a good period for SG. Then 08 onwards, ex rate SG/RM started to move opposite direction against one another. DBS was 18+ thereabout in 08 fresh after the dao heng saga, before piyush came on board in late 09. Turbo-ed since. Can't remember when ho ching took office in temasek This post has been edited by jojolicia: Jun 29 2024, 10:42 PM |
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Jun 30 2024, 01:49 AM
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1,136 posts Joined: Jan 2010 |
QUOTE(jojolicia @ Jun 29 2024, 10:11 PM) You heard of "lian-pang" kia? The hokkien folks calling Hardly mingle around with uncles/aunties, the young ones nowadays could barely speak Chinese, notwithstanding hokkien. So, haven't really heard of that. Yeah, it was straight line 2.2+ for a long time. 04-07 was not a good period for SG. Then 08 onwards, ex rate SG/RM started to move opposite direction against one another. DBS was 18+ thereabout in 08 fresh after the dao heng saga, before piyush came on board in late 09. Turbo-ed since. Can't remember when ho ching took office in temasek If I'm not mistaken it was around 2.5 in 2012? Around 3 before 2020 and 3.5 now .. basically on average 10 cents per year, which is pretty absurd compared to the past .. soon to be 4 if the trend continues. Good for us working in Sg but kinna sad for those working and living in My. |
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Jun 30 2024, 05:21 AM
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7,847 posts Joined: Sep 2019 |
QUOTE(malz89 @ Jun 30 2024, 01:49 AM) Hardly mingle around with uncles/aunties, the young ones nowadays could barely speak Chinese, notwithstanding hokkien. So, haven't really heard of that. Must have faith. PMX will save Malaysia and the MYR will shoot for the moon.If I'm not mistaken it was around 2.5 in 2012? Around 3 before 2020 and 3.5 now .. basically on average 10 cents per year, which is pretty absurd compared to the past .. soon to be 4 if the trend continues. Good for us working in Sg but kinna sad for those working and living in My. |
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Jun 30 2024, 08:32 AM
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1,825 posts Joined: May 2010 |
QUOTE(hksgmy @ Jun 30 2024, 05:21 AM) Actually, the SGD to MYR exchange rate shouldn't be too low. Some developers in Johor Bahru purposely mark up the price to the RM 500k threshold (for example: Danga bay......) to fulfill the foreigner buying eligibility condition.Foreigners are allowed to buy property with a minimum price of RM2 million for landed properties in designated international zones and RM1 million for high-rise/strata title properties within non-international zones, except for Medini and Danga Bay.(RM 500 K) So, this issue is not fair and not good for some Malaysians working in Singapore who earn a salary of around SGD 1700-2000, and Malaysians working in Malaysia who earn a salary of around RM 2500. This post has been edited by plouffle0789: Jun 30 2024, 08:32 AM |
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Jun 30 2024, 08:55 AM
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7,847 posts Joined: Sep 2019 |
QUOTE(plouffle0789 @ Jun 30 2024, 08:32 AM) Actually, the SGD to MYR exchange rate shouldn't be too low. Some developers in Johor Bahru purposely mark up the price to the RM 500k threshold (for example: Danga bay......) to fulfill the foreigner buying eligibility condition. Unfortunately, not for us minions to say... economic and political fundamentals will determine the fate of the MYR vs the SGD.Foreigners are allowed to buy property with a minimum price of RM2 million for landed properties in designated international zones and RM1 million for high-rise/strata title properties within non-international zones, except for Medini and Danga Bay.(RM 500 K) So, this issue is not fair and not good for some Malaysians working in Singapore who earn a salary of around SGD 1700-2000, and Malaysians working in Malaysia who earn a salary of around RM 2500. |
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Jun 30 2024, 09:05 AM
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QUOTE(hksgmy @ Jun 30 2024, 08:55 AM) Unfortunately, not for us minions to say... economic and political fundamentals will determine the fate of the MYR vs the SGD. I really hope that all the big foreign investments in semiconductors and the construction of many data centers in Johor, Selangor, or Penang, as well as AI investments, will help our currency stay at 1 SGD to 3.5 MYR and not drop further. It is enough for our country.Your salary in Singapore may increase due to the weak ringgit in Malaysia, but when you spend your ringgit in Malaysia on food, cinema, electricity, water, hotels, theme parks, cars, and groceries, you will find that your spending power has also decreased. Unless you have a salary of at least 7000 SGD - 9000 SGD and only one child or no children and a spouse, it will be challenging. Now, school fees, tuition fees, bus fees, and stationery costs are all increasing. The strength or weakness of the exchange rate between 1 SGD to MYR affects the prices of coffee shop food, houses, automobiles, motorcycles, canned food, vegetables, fruits, meat, milk, and other grocery items in Malaysia. This exchange rate relationship between SGD and MYR influences the cost of living and inflation in Malaysia. This post has been edited by plouffle0789: Jun 30 2024, 09:06 AM |
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Jun 30 2024, 09:09 AM
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7,847 posts Joined: Sep 2019 |
QUOTE(plouffle0789 @ Jun 30 2024, 09:05 AM) I really hope that all the big foreign investments in semiconductors and the construction of many data centers in Johor, Selangor, or Penang, as well as AI investments, will help our currency stay at 1 SGD to 3.5 MYR and not drop further. It is enough for our country. But you're now a Singaporean PR... and you work in Singapore. Wouldn't you want the exchange rate to be stronger in SGD's favour?Your salary in Singapore may increase due to the weak ringgit in Malaysia, but when you spend your ringgit in Malaysia on food, cinema, electricity, water, hotels, theme parks, cars, and groceries, you will find that your spending power has also decreased. Unless you have a salary of at least 7000 SGD - 9000 SGD and only one child or no children and a spouse, it will be challenging. Now, school fees, tuition fees, bus fees, and stationery costs are all increasing. The strength or weakness of the exchange rate between 1 SGD to MYR affects the prices of coffee shop food, houses, automobiles, motorcycles, canned food, vegetables, fruits, meat, milk, and other grocery items in Malaysia. This exchange rate relationship between SGD and MYR influences the cost of living and inflation in Malaysia. |
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Jun 30 2024, 09:15 AM
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1,825 posts Joined: May 2010 |
QUOTE(hksgmy @ Jun 30 2024, 09:09 AM) But you're now a Singaporean PR... and you work in Singapore. Wouldn't you want the exchange rate to be stronger in SGD's favour? I haven't bought any property in Malaysia yet.If the currency rate becomes 1 SGD to 4 MYR, what do you think all the 'sucked blood' developers would think and do to the housing market? Later food prices in Johor Bahru also increase. Do you know many people say that the cost of living in Johor Bahru is higher than in the KL town area? Our JB hawker or coffee shop food prices are crazy expensive and not tasty. This post has been edited by plouffle0789: Jun 30 2024, 09:15 AM |
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Jun 30 2024, 09:20 AM
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7,847 posts Joined: Sep 2019 |
QUOTE(plouffle0789 @ Jun 30 2024, 09:15 AM) I haven't bought any property in Malaysia yet. You're still Malaysian. Just buy something cheap and wait for it to appreciate If the currency rate becomes 1 SGD to 4 MYR, what do you think all the 'sucked blood' developers would think and do to the housing market? Later food prices in Johor Bahru also increase. Do you know many people say that the cost of living in Johor Bahru is higher than in the KL town area? Our JB hawker or coffee shop food prices are crazy expensive and not tasty. |
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Jun 30 2024, 09:34 AM
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1,825 posts Joined: May 2010 |
QUOTE(hksgmy @ Jun 30 2024, 09:20 AM) I just hope our currency exchange rate stays at 1 SGD to 3.5 MYR and does not drop further.That's sufficient. Singapore excels in every aspect of economics.Super wealthy families migrate to SG.Every year, there's an increase. The casino in Singapore opened just a few years ago and became the world's second-largest gambling hub, right behind Macau. It's so small but has surpassed Las Vegas, a huge casino city, with over 100 casinos. For Malaysia to catch up in their own way is difficult. As long as nothing bad happens, our currency should stay at SGD 1 to MYR 3.50. |
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Jun 30 2024, 10:49 AM
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1,136 posts Joined: Jan 2010 |
QUOTE(plouffle0789 @ Jun 30 2024, 09:34 AM) I just hope our currency exchange rate stays at 1 SGD to 3.5 MYR and does not drop further. Developer is never on our side. They are always on the money side. That's sufficient. Singapore excels in every aspect of economics.Super wealthy families migrate to SG.Every year, there's an increase. The casino in Singapore opened just a few years ago and became the world's second-largest gambling hub, right behind Macau. It's so small but has surpassed Las Vegas, a huge casino city, with over 100 casinos. For Malaysia to catch up in their own way is difficult. As long as nothing bad happens, our currency should stay at SGD 1 to MYR 3.50. Frankly speaking, no one cares about those living in johor and travel back and forth. In fact, you guys are the winners. Actually this was brought upon by your act. Demand and supply. You earn more because of the exchange rate but in return those living in JB will charge you more. That's why to me JB is really a bad place compared to KL. The cost does not commensurate to earning. I feel bad for those living and working in JB because of those working in sg but spend in JB. They are the real victim of the exchange rate. Its the same thing that happened to senzhen .. used to be a poor city but flourished like crazy now .. |
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Jun 30 2024, 10:55 AM
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7,847 posts Joined: Sep 2019 |
QUOTE(malz89 @ Jun 30 2024, 10:49 AM) Developer is never on our side. They are always on the money side. TS wants to do the commute thing… it’s his choice.Frankly speaking, no one cares about those living in johor and travel back and forth. In fact, you guys are the winners. Actually this was brought upon by your act. Demand and supply. You earn more because of the exchange rate but in return those living in JB will charge you more. That's why to me JB is really a bad place compared to KL. The cost does not commensurate to earning. I feel bad for those living and working in JB because of those working in sg but spend in JB. They are the real victim of the exchange rate. Its the same thing that happened to senzhen .. used to be a poor city but flourished like crazy now .. |
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Jun 30 2024, 12:20 PM
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1,136 posts Joined: Jan 2010 |
QUOTE(hksgmy @ Jun 30 2024, 10:55 AM) I'm not condemning their action of commuting between two counties daily. Not everyone is fortunate enough to be able to work and live in singapore comfortably. In fact, I doubt I could retire in Sg in the future too.I was trying to highlight the consequence of the exchange rate, which benefited a small population living in JB, spurred the greed of some locals (especially eateries, developers, etc) >> collateral damage to majority of those living in JB. |
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