Compare Your Household Income 2009

Hmm... could you define professionals?

IT Engineers considered?
Project Managers?
System Engineers?
Network Administrators?

I can't say for other careers but these that I mentioned does range from below 2k to more than 10k. So does being a Grad Professional allow you to earn 60k? It really depends.

Why not just compared expat with a Pay Range instead of the Group of People or the Type of jobs. That would be easier.

Note that I'm just trying to clarify with you that not all jobs, all grads, all professionals get the same range of pay. I think we may all be surprise if the real figures come out.

60k PER YEAR my dear.

public media, for example TV program, misleading the public into believe many low income, data says fact. never believe any saying without number as support!!!

[Husky]

I punched in 8,000 and got 64.7%. If the tool is accurate, it's really time to review the 8k ceiling for 4 and 5 room flats.

Originally Posted by Husky

I punched in 8,000 and got 64.7%. If the tool is accurate, it's really time to review the 8k ceiling for 4 and 5 room flats.

Do you mean the 8k HDB income ceiling should be adjusted downwards or upwards?

The 8k is for combined income, so maybe you should try 4k?

[Husky]

Originally Posted by John

Do you mean the 8k HDB income ceiling should be adjusted downwards or upwards?

The 8k is for combined income, so maybe you should try 4k?

Hi John,

I am talking about combined income for households applying for flat. The current ceiling if 8K combined household income which I feel is a bit on the low side given that more than 30% of households are earning more than 8k.

My fiancee and I fall into the 8-10k income range. Under current regulations we are not able to apply for new flats. However if you do the maths, going private is a bit of a stretch. Hence my fustration.

Originally Posted by Husky

Hi John,

I am talking about combined income for households applying for flat. The current ceiling if 8K combined household income which I feel is a bit on the low side given that more than 30% of households are earning more than 8k.

My fiancee and I fall into the 8-10k income range. Under current regulations we are not able to apply for new flats. However if you do the maths, going private is a bit of a stretch. Hence my fustration.

Yes, I get your point now. I also tried using this other comparison tool at Compare your annual salary (2008) | Salary.sg - Your Salary in Singapore which I gather is using Iras official data.

Assuming no bonus, a 4k monthly (hence 48k annual) will put the person at "higher than 45.8% of all resident taxpayers."

So if both husband and wife make 4k, there are more than 50% households earning more than 8k. And I think the Iras data (and the above mentioned comparison tool) does not even include the people earning below 20k/year.

[Husky]

Originally Posted by John

Yes, I get your point now. I also tried using this other comparison tool at Compare your annual salary (2008) | Salary.sg - Your Salary in Singapore which I gather is using Iras official data.

Assuming no bonus, a 4k monthly (hence 48k annual) will put the person at "higher than 45.8% of all resident taxpayers."

So if both husband and wife make 4k, there are more than 50% households earning more than 8k. And I think the Iras data (and the above mentioned comparison tool) does not even include the people earning below 20k/year.

Yeah. And HDB is always saying, "majority" of Singapore households qualify for HDB flats and loans. I really wonder where they get THEIR data from. Many of my peers are in the same situation as I am.

[quek]

Husky, though you can't apply for a new HDB, I think you can still buy one from the open market, except that you won't get to enjoy the housing subsidy (they call it "a bite on the cherry" or something).

Still cheaper than condos.

[Husky]

Originally Posted by adbie

Husky, though you can't apply for a new HDB, I think you can still buy one from the open market, except that you won't get to enjoy the housing subsidy (they call it "a bite on the cherry" or something).

Still cheaper than condos.

Yup. Am currently waiting for the prices to drop a little. Resale flats are still very expensive. Just feel that the HDB ceiling really need to be revised. If I am not wrong the last time they revised it was in 1999.