GovTech

Originally Posted by Unregistered

Not good. Unless you like hospital environment.

How come govtech bonus like ihis.

Why so many tech people cross over to govtech thought the pay offer is really good.

I guess it really depends on which company you worked for before. Let's say your monthly salary is 8k without aws and bonus working in startup. Per-annum is 96k. Assuming you are offered the same 8k salary from govtech and it's perm position, using the packages shared above, then you get 8k x 15.2(12x + 1 aws + 0.75 corp + 1.5 perf bonus) = 121k.

So probably i can say govtech might not be the best, but at least it's better compared to some companies that didn't give aws or bonus.

Originally Posted by Unregistered

I guess it really depends on which company you worked for before. Let's say your monthly salary is 8k without aws and bonus working in startup. Per-annum is 96k. Assuming you are offered the same 8k salary from govtech and it's perm position, using the packages shared above, then you get 8k x 15.2(12x + 1 aws + 0.75 corp + 1.5 perf bonus) = 121k.

So probably i can say govtech might not be the best, but at least it's better compared to some companies that didn't give aws or bonus.

Sure or not govtech 8k then why my colleagues still can buy HDB flat.
Their income ceiling already exceed 7k

Originally Posted by Unregistered

Sure or not govtech 8k then why my colleagues still can buy HDB flat.
Their income ceiling already exceed 7k

Income ceiling is at point of buying it leh, obviously 8k is like working for a number of years

Originally Posted by Unregistered

Income ceiling is at point of buying it leh, obviously 8k is like working for a number of years

then the policy must change so that if ur salary have increased to hte point it has exceed the income ceiling... then u have to sell the HDB and move to condo.

so that other lower income can buy ur HDB

Originally Posted by Unregistered

then the policy must change so that if ur salary have increased to hte point it has exceed the income ceiling... then u have to sell the HDB and move to condo.

so that other lower income can buy ur HDB

Haha 🤣 what a cute reply. Ok moving on..

Originally Posted by Unregistered

then the policy must change so that if ur salary have increased to hte point it has exceed the income ceiling... then u have to sell the HDB and move to condo.

so that other lower income can buy ur HDB

Imagine you wait for 4 years for BTO and ended up being denied to collect the key because of getting increment.

Originally Posted by Unregistered

Imagine you wait for 4 years for BTO and ended up being denied to collect the key because of getting increment.

Haha like that many people will fit into this category haha

Originally Posted by Unregistered

Haha like that many people will fit into this category haha

Annual average increment is 3 to 5%

So 4 years that's 20%.

So roughly you'll be earning at 6600k at the point of application.

So BTO ceiling should be lowered to 6500k per month.
So simple

Earn 6.5k Pps leave in condo. Ppl in HDB should be those earning less than 6.5k

Originally Posted by Unregistered

Annual average increment is 3 to 5%

So 4 years that's 20%.

So roughly you'll be earning at 6600k at the point of application.

So BTO ceiling should be lowered to 6500k per month.
So simple

Earn 6.5k Pps leave in condo. Ppl in HDB should be those earning less than 6.5k

eh you do know hdb is using combined salary right or you dont know? so actually what u mean is everyone should just earn 3000 😆😆😆😆

and is it 6500k or 6.5k? 😆😆

If we start reducing the income ceiling for BTO, it will only push the price of Resale flat.

Given that the Govt is trying to push more people in resale, it doesn't make sense for them to make resales less attractive to buyers.

Looking at how some industries are doing really well, the income ceiling for housing might be increased instead.

Some of the Computer science graduate already start with 5k+ to 7+.

Give them 4 years and they can cross the 5 digit figure per month.