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03-12-2015, 10:53 AM
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Verified Member
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Join Date: Dec 2015
Posts: 15
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Yes, 108K is base salary plus bonuses
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03-12-2015, 10:57 AM
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2500 rent - this is quite high an estimate, as single, I suggest you aim lower.
Go for a single room bedder 1st, when you get here, shop around for aprtments. I suggest google SPIO to rent apartments from SLA, you may be able to get apartments in a good part of town for less than 2k.
Also, you mention 108k is your gross and equivilant to USA? I tot usa pay is much higher.. may I ask what are you doing?
Position?
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03-12-2015, 11:18 AM
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Verified Member
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Join Date: Dec 2015
Posts: 15
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Thanks for your suggestion. I am a scientist. In US, your salary can vary a lot depending on where you live. I live in a small town and it only costs around 200K SDG to buy a 3-4 bedroom house and it costs 900-1100 SDG to rent a 1000ft two bedroom condo. But if I live in San Francisco or Washington DC, my salary would be considered as median or low median.
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03-12-2015, 11:20 AM
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Quote:
Originally Posted by kelvinfrog
Thanks, I am sure I will enjoy Singapore. I am in my late 30... I do plan to find a place near by my office and have a bus line go directly there. My office is not so near MRT; otherwise, I can live further and just travel by MRT. I might get a HUB instead since a two bedroom condo will cost about 3k and I am not sure I would want to pay that much. I know it is a pretty good salary and I think my saving will be similar to what I have been saving in the U.S since housing is much cheaper here despite the income tax is higher.
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I think you mean a " HDB" flat. It's a buyer's market now so you may unearth a good deal for a condo rental. A number of white expats I know started off renting a HDB flat but most end up moving to condos in the end. It doesn't cost that much more and you are better off with 24/7 security, facilities, shuttle bus to the nearest MRT station etc... if you aren't comfortable then suggest you start with a short term HDB rental and take your time to look around.
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03-12-2015, 11:37 AM
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Verified Member
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Join Date: Dec 2015
Posts: 15
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Thanks for your correction. When I arrive, I will check both condo and HDB. Yes, I think real estate in Singapore is in correction, so good time to rent!
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03-12-2015, 12:14 PM
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How much I can save depends on my salary & expenditure. What has it got to do with your salary?
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03-12-2015, 05:29 PM
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Quote:
Originally Posted by kelvinfrog
yes, I understand that wisdom but how are you going to save if you do not have any salary or income?
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this poster is referring to the title of your thread, "How much can you save if I make 108K per year"
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07-12-2015, 02:40 PM
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To Young Scientist
Quote:
Originally Posted by kelvinfrog
yes, I understand that wisdom but how are you going to save if you do not have any salary or income?
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Income wise is high but the expenses are not quite proportional. Uncle suggests you to cut down on overseas expenditure while renting 2 rooms from Dual-key condos. This should lower your spending and achieve higher savings.
Young Scientist, your remuneration package may increase over the years so don't worry too much on the living conditions.
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07-12-2015, 06:55 PM
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$2500 for rental is rather much on the high end, considering that you can rent an entire 3 bedroom HDB in the district 10 areas for about $2700. If you don't have visitors often, you should consider renting a room somewhere in the bukit gombak/Chua chu kang area. It's near to jurong, but far enough away from the jurong "CBD" area such that rental prices for a room won't be beyond $800. Even $800 might be a high estimate for that.
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