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 Singapore offer, Need opinion

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TSHelpmeplis
post Sep 2 2023, 11:49 PM, updated 2y ago

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Hi experts,

I am currently in need of your fellow opinion regarding my new job offer. I am currently in sales role in a MNC on FMCG sector & drawing about ( RM8k basic + RM7k commision monthly). My company is currently looking to promote me into a regional role & to be based in Singapore. The offer letter is not being issued, so I have no clarity in terms of compensation package. For now, I know that the company is giving a housing allowance in my new role. However, I would like to know on how much should I ask for my new role ?

For some context, I will be relocating there with my wife & 2 year old kid. My wife is currently not working & she will.be under dependent visa if we were to move to Singapore. I am also thinking of asking my company to include education allowance for my kid.

Kindly advice if you have any experience on this. Thanks
TSHelpmeplis
post Sep 3 2023, 01:03 AM

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QUOTE(ceo684 @ Sep 3 2023, 12:04 AM)
The closer you are to a 1-to-1 ratio between MYR to SGD the better. Do factor in the job rank as well. SM should be looking at $10-11k.
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I will not be ranked as SM ( maybe more towards a Manager). Also I will be an individual contributor. With this info, can I still aim for 11k SGD Pre-tax ? Also I was tols that the employer CPF is around 17% for PR & Citizen. Since, I am none of that, can I request the sum to be included in my compensation package ?
TSHelpmeplis
post Sep 3 2023, 01:04 AM

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QUOTE(matrix88 @ Sep 3 2023, 12:51 AM)
Company should cover for your Kids education
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I was told the same by colleagues. However, I am uncertain if nursery counts as apart of education.
TSHelpmeplis
post Sep 3 2023, 01:22 AM

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QUOTE(lawrencesha @ Sep 3 2023, 01:07 AM)
Dude. Do your maths. There are so many hidden cost if you want to move there with the fam.
1. How much is the housing allowance? HDB are now fetching S$3k+ in rental.
2. As a foreigner, your kids will probably end up in private school. S$1K per kid per month. If you and fam get a PR in 1.5 years, that is still 440 – $520 per kid, per month.
3. Kids too young for MRT? Then you need to buy a car.

The above are just the tip of the iceberg. If I were you, go SG first, but go alone. When you have the maths sorted out, then bring the fam.

I've been working there for 7yrs, still can't afford to bring the fam over.
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Hi there. Below are the details that I know for now :

1. My company allocates 3k SGD for housing allowance for singles. However, the package is different for families ( I am not sure by how much). I am personally aiming for 3.5 to 4k SGD for housing allowance.

2. Kids education are usually taken by my company. However, since my kid is only 2 years old, I am unsure whether nursery counts as "education". Need some info for this

3. Company car is provided for me.

Is there anything else that I should consider ? Appreciate some insights here
TSHelpmeplis
post Sep 3 2023, 01:24 AM

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QUOTE(lawrencesha @ Sep 3 2023, 01:11 AM)
CPF is capped at S$1200 max per month. Bonuses are at 20% (no cap).

E.g. 1
Salary - S$10,000, CPF = S$1,200

E.g. 2
Salary - S$10,000, CPF = S$1,200
Bonus - S$20,000, CPF = $4,000
Total CPF = S$5,200.
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Thank you for sharing this. In that, I would negotiate for an additional 1.2k SGD as apart of CPF contribution ( hopefully they are willing to consider).
TSHelpmeplis
post Sep 3 2023, 01:25 PM

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QUOTE(hksgmy @ Sep 3 2023, 12:31 PM)
SGD 3,500 to SGD 4,000 can comfortably get you an HDB rental, or a small condominium in the fringes. It would be hard for you to get anything near the city for this - but, if you work away from the city, this may work well in your favour.

For reference, one of my condominiums near the prime districts of 9, 10 & 11 (1 room, loft style) is tenanted out to an expat for a Pharma company for SGD 3,500 per month - and that's definitely not suitable for a family of 3.
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Thank you for sharing this info. Also may I know, if the 1.2k SGD CPF is included in the package stated in mycareerfuture website ?
TSHelpmeplis
post Sep 7 2023, 10:19 PM

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QUOTE(hksgmy @ Sep 7 2023, 04:56 PM)
Hi TS, have you come to a decision yet?
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Yes, I will be taking the offer & relocate to SG
TSHelpmeplis
post Jan 2 2024, 08:55 PM

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QUOTE(hksgmy @ Sep 7 2023, 10:26 PM)
Congratulations! I hope your company agreed to all your conditions!
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They did & the offer is above my expectations..... will definitely apply for PR next year
TSHelpmeplis
post Jun 21 2024, 07:12 AM

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QUOTE(hksgmy @ Jun 20 2024, 10:24 PM)
It’s been a while, just wondering how TS is adapting to life in Singapore?
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Hi there !

Love singapore for everything it has to offer. Currently, staying in Bukit Timah area & I love the surrounding. The old people here (Aunties & Uncles ) are also a caring neighbour.

However, I do miss the Malaysian food. Missing nasi kandar now haha
TSHelpmeplis
post Jun 25 2024, 08:57 PM

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QUOTE(hksgmy @ Jun 21 2024, 07:57 AM)
Thank you for the update! See, not everything about Singapore is bad.

Are you staying in a rented HDB, rented apartment/condo or renting just a room?

Sorry for the intrusiveness, but I want to demonstrate to the disbelievers here that Malaysians CAN carve a niche out for themselves living in Singapore, and not all is doom and gloom as what the popular narrative would have potential job seekers believe (ie. pigeon hole, squashed by MRT, boring, etc etc).

Happy for you!
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I moved here with my family & currently renting a 5 room HDB in Bukit Timah. I feel like HDB offers the best space for my family. The condos here are too small (<800 sqft)

Overall, I do enjoy living in singapore & I kinda like the fast paced environment. Everything is efficient

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