How is life as a doctor in Singapore?

Originally Posted by Unregistered

That's great! You will be very pleasantly surprised with how high the remuneration package is for foreign doctors! All the best!

You will soon realize that it's hard to own a private property in Singapore nowadays

Originally Posted by Unregistered

You will soon realize that it's hard to own a private property in Singapore nowadays

Doctors earn millions a year. Just wait for the remuneration package.
Your eyes will pop out.

Originally Posted by Unregistered

You will soon realize that it's hard to own a private property in Singapore nowadays

gcb is difficult

But two doctors owning ocr interterrace is not uncommon
For new launch ocr condo, 3 bedder compact abt 2mil

Plenty of doctors use single own name to buy and save spouse name for second investment property

Originally Posted by Unregistered

Doctors earn millions a year. Just wait for the remuneration package.
Your eyes will pop out.

U dont need million dollar income to buy pte

Hdb bto is 500k
Good hdb resale is 1mil
New launch condo is 2mil for 3 bedroom compact
3 mil can get u very decent ccr condo
4 mil gets u original condition ocr interterrace
6 mil gets u decent ocr semi d/ rcr interterrace
8 mil ocr detached / or rcr semi d/ ccr interterrace
10mil ccr semi d
12 mil ccr detached with smaller land size
18 mil gcb already


As long as each side earn 600k, ie total 1.2mil
Leverage 10x is 12mil , can buy ccr detached with land size of 4000 sqft easily.

Originally Posted by Unregistered

U dont need million dollar income to buy pte

Hdb bto is 500k
Good hdb resale is 1mil
New launch condo is 2mil for 3 bedroom compact
3 mil can get u very decent ccr condo
4 mil gets u original condition ocr interterrace
6 mil gets u decent ocr semi d/ rcr interterrace
8 mil ocr detached / or rcr semi d/ ccr interterrace
10mil ccr semi d
12 mil ccr detached with smaller land size
18 mil gcb already


As long as each side earn 600k, ie total 1.2mil
Leverage 10x is 12mil , can buy ccr detached with land size of 4000 sqft easily.

I hope no one is leveraging 10x to buy a luxury property...

Originally Posted by Unregistered

I hope no one is leveraging 10x to buy a luxury property...

Why not?
Leveraging 10x is normal.

Hongkong median home price to median income is 18.8
I think 10x is very safe
10-12x safe
12-14x some risk mortgage stress
14-16x high risk of mortgage stress
>16x respect for being brave

No joke - doctors are holding a lot, a lot of cash

Met a GP once in mid 40s - was going to buy his third private property in kid’s name

Doctor and spouse were already holding one in each of their names

Originally Posted by Unregistered

Own 2 condos that is fully paid for in OCR region.

yup that's my definition of 'made it' too
so....is it even sustainable as a locum?

Originally Posted by Unregistered

No joke - doctors are holding a lot, a lot of cash

Met a GP once in mid 40s - was going to buy his third private property in kid’s name

Doctor and spouse were already holding one in each of their names

sounds like lie lol GPS dont earn that muc

Originally Posted by Unregistered

yup that's my definition of 'made it' too
so....is it even sustainable as a locum?

why not?
say you buy 1 new launch (3br compact 2mil), your wife buy 1 ex-ec (3br 1.5mil)
assuming bank interest rate stress test at 4.8% for 30 years loan, and bank wont loan more than TDSR 55%

Your wife needs to earn: $10,731.79per mth
you need to earn: $14,309.06 per mth

i see no reason why locum cant earn $14,309.06?