How much are you earning per annum? - Page 1001 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




How much are you earning per annum?

Reply
 
Thread Tools
  #10001 (permalink)  
Old 23-05-2016, 09:41 AM
Super Member
 
Join Date: Aug 2010
Posts: 315
lazyplane is on a distinguished road
Default

Darn it. missed being the 10,000 post on this thread.

To those new to this thread,

this thread is really for the amusement of all . Dont take whatever is posted here seriously. Have a laugh, read the occasional barbed comments , understand that internet thread like this is really good for lazy people like me to have a good 5 min break on nonsense.

There are occasional good read threads. try searching for whizzard .
V informative. Also if u really searching for financial freedom, try googling for the best financial freedom threads in sg and blogs. Having said that, investing, building income and all is a boring journey. It is meant to be .
If it was not , it will be gambling.



Quote:
Originally Posted by Unregistered View Post
Good plan. If you want to get more passive income, you can sell your current condo and buy a similar sized condo in a cheaper location.

Reply With Quote
  #10002 (permalink)  
Old 23-05-2016, 11:54 AM
Unregistered
Guest
 
Posts: n/a
Default

I think for the few of us who are above 50, who have invested in properties would have gained from their investment in one way or another. Either through sheer price appreciation or in my case enbloc sales. Those who were from the Farrer Court HUDC know what I am talking about.

Through sheer luck, both my investment properties went enbloc so much so that my friends are calling me serial enbloc-er. I am currently holding on to two more investment properties. In my view, one of which has a high chance of going enbloc. In the meantime I am just collecting rental income.

True, two of my friends retired after collecting enbloc windfalls, but the rest of us are still happily working. I mean, our work income is not insubstantial so why give up a golden goose?
Combined with the passive incomes, we are easily looking at net savings of above $350k yearly. It is like we could buy a $1m condo every 3 years.


Quote:
Originally Posted by Unregistered View Post
Good plan. If you want to get more passive income, you can sell your current condo and buy a similar sized condo in a cheaper location.

We are of the same age group. I'm already retired because I made millions from my property investments. I got in at the right time and exited at the right time. Now you cannot make money from property investments. Weak market and oversupply.

My best investment is a landed property. I bought the landed property at its low in 2006 and sold after a few years when prices were going up. I made a lot of money. Now I stay in a condo (fully paid up) for retirement. The rest of my cash is invested and I'm earning good dividends. I now manage my investments actively to keep my mind active and to identify trends early before the market does.

In investments, timing is everything. Invest your time in learning how to invest. It's worth it.

Successful investing can speed up your retirement by 15 years! Earning money just from work means your retirement will be at 65 or later.


Reply With Quote
  #10003 (permalink)  
Old 23-05-2016, 11:54 AM
Unregistered
Guest
 
Posts: n/a
Default

If you are lucky and/or smart, you would have bought a landed property 10 years ago and sell now.

There are forumers here who also made millions from property investing. They can retire now.

----------------------------------------------------------------------------------------------

$4.7m profit for semi-detached house in District 11

By Esther Hoon / The Edge Property | May 21, 2016

The top gain based on URA caveats released on May 6 and 10 accrued to a freehold semi-detached house on Jalan Tempua in District 11. The house, which sits on a 4,338 sq ft land area, fetched $7.6 million ($1,752 psf on land) last month, yielding a profit of $4.7 million. The seller purchased the land in October 2003 for $2.9 million ($673 psf). The profit works out to an annualised gain of 8%.

Despite the hefty gains, the transacted price is more than 15% below that of 2013. In the vicinity of the subject property, a 4,392 sq ft semi-detached house was sold for $2,050 psf in August 2014. Separately, a 4,359 sq ft detached house was sold for $2,160 psf in February 2013, at the marketís peak.

In District 19, a seller netted a profit of $2.8 million, or 315%, from the sale of a terrace house on Brockhampton Drive. This translates into an annualised gain of 12%. The property sits on a 999-year leasehold plot of 2,799 sq ft. The seller had purchased the property in July 2003 at $880,000 ($315 psf on land) and resold it last month for $3.7 million ($1,306 psf).

In the non-landed housing segment, three freehold condominium units reaped more than $1 million in profit for their sellers last month. All three units had been held for more than 10 years.

A 2,196 sq ft three-bedroom unit at Diary Farm Estate was sold for $2 million ($911 psf) in April 2016, yielding $1 million in profit, or an annualised gain of 4%. The home was previously purchased for less than half the price, or at $439 psf, in July 1998. At Tanglin Park, one seller made a profit of $1.2 million from the sale of his 1,335 sq ft condo unit. He bought the three-bedroom home for $1.3 million ($981 psf) in August 1999 and resold it for $2.5 million ($1,888 psf) last month. All 11 homes sold at the project since 2014 have been profitable.

Tanglin Park is a 274-unit freehold condo in District 10 that was completed in 1989. Meanwhile, a 1,399 sq ft, three-bedroom home at The Shelford in District 11 was transacted at a $1.1 million profit. The house was bought in a sub-sale for $1.2 million ($858 psf) in May 2003 and resold for $2.3 million ($1,658 psf) in April this year.

The Shelford is a popular housing project near Nanyang Primary School and Hwa Chong Institution. It comprises 215 units and was completed in 2005. Of the more than 100 resale transactions there, only five were traced to a loss.

Amid the negativity surrounding Sentosa Cove homes, a 1,636 sq ft, three-bedroom unit at The Berth by the Cove was sold at a $743,000 profit, making it the most lucrative non-landed home sold in Sentosa so far this year. The waterfront property was purchased directly from the developer for $1.4 million ($829 psf) in December 2004 and resold for $2.1 million ($1,284 psf) last month.

Meanwhile, the most unprofitable deal was traced to a 3,014 sq ft, four-bedroom garden maisonette at Duchess Residences. The loss amounted to $952,240, or 19%. The seller bought the house for $5 million ($1,688 psf) directly from the developer in July 2007 and offloaded it last month at $4.1 million ($1,360 psf). This marks the sixth consecutive money-losing transaction at the development since last June.

Reply With Quote
  #10004 (permalink)  
Old 24-05-2016, 10:58 AM
Unregistered
Guest
 
Posts: n/a
Default

You are the most successful among all of us in this forum, sir. Respect. Enjoy your retirement.


Quote:
Originally Posted by Unregistered View Post
Good plan. If you want to get more passive income, you can sell your current condo and buy a similar sized condo in a cheaper location.

We are of the same age group. I'm already retired because I made millions from my property investments. I got in at the right time and exited at the right time. Now you cannot make money from property investments. Weak market and oversupply.

My best investment is a landed property. I bought the landed property at its low in 2006 and sold after a few years when prices were going up. I made a lot of money. Now I stay in a condo (fully paid up) for retirement. The rest of my cash is invested and I'm earning good dividends. I now manage my investments actively to keep my mind active and to identify trends early before the market does.

In investments, timing is everything. Invest your time in learning how to invest. It's worth it.

Successful investing can speed up your retirement by 15 years! Earning money just from work means your retirement will be at 65 or later.
Reply With Quote
  #10005 (permalink)  
Old 24-05-2016, 08:30 PM
Unregistered
Guest
 
Posts: n/a
Default

Middle class couple
My earnings $76k pa (47 yo)
Wife's earnings $60k pa (45 yo)
Annual savings $30k pa
Home, mortgage outstanding $210k
Car, loan outstanding $40k
Cash & CPF, total $650k
Net worth, total $1m
How are we doing?
When can we retire?
Reply With Quote
  #10006 (permalink)  
Old 25-05-2016, 11:44 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Middle class couple
My earnings $76k pa (47 yo)
Wife's earnings $60k pa (45 yo)
Annual savings $30k pa
Home, mortgage outstanding $210k
Car, loan outstanding $40k
Cash & CPF, total $650k
Net worth, total $1m
How are we doing?
When can we retire?
Your profile is quite typical of your age group (includes both degree and non degree holders). You live a comfortable life as you can afford a home and a car. Your mortgage is not high relative to your income. So, you must be happy and contented.

For retirement, you can retire at 60. You will save $390k from now until 60. If you need $5k pm or $60k pa, you will spend $300k from 60 to 65. At 65, you will get CPF Life of $3.6k pm. You can also rent out two of your empty rooms at $1k pm for each room. So, your passive income $5.6k pm. If your children gives you $400 pm, you will get $6k pm or $72k pa for your retirement.
Reply With Quote

  #10007 (permalink)  
Old 25-05-2016, 04:12 PM
Super Member
 
Join Date: Aug 2010
Posts: 315
lazyplane is on a distinguished road
Default

I agree a lot of Singaporeans whom bought property in the past made BIG money. However, i am not so sure if this will continue in the future.
Even if it still profitable, i am quite sure it will not be as BIG as the past.

Also, while the profit is good, it is also important to remember the loan cost and interest. In the wake of possible rising interest rate environment like now, property is really going to be hard call to make.

Quote:
Originally Posted by Unregistered View Post
If you are lucky and/or smart, you would have bought a landed property 10 years ago and sell now.

There are forumers here who also made millions from property investing. They can retire now.

-.
Reply With Quote
  #10008 (permalink)  
Old 25-05-2016, 04:52 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Your profile is quite typical of your age group (includes both degree and non degree holders). You live a comfortable life as you can afford a home and a car. Your mortgage is not high relative to your income. So, you must be happy and contented.

For retirement, you can retire at 60. You will save $390k from now until 60. If you need $5k pm or $60k pa, you will spend $300k from 60 to 65. At 65, you will get CPF Life of $3.6k pm. You can also rent out two of your empty rooms at $1k pm for each room. So, your passive income $5.6k pm. If your children gives you $400 pm, you will get $6k pm or $72k pa for your retirement.
Bro, u ask every single person to rent out rooms in their flats. Abit impractical don't u think. I don't think people at an advanced age will appreciate living with total strangers, after living a relatively comfortable and private life for a good part of 40+ years.
Reply With Quote
  #10009 (permalink)  
Old 25-05-2016, 06:17 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Bro, u ask every single person to rent out rooms in their flats. Abit impractical don't u think. I don't think people at an advanced age will appreciate living with total strangers, after living a relatively comfortable and private life for a good part of 40+ years.
Well, if they don't want to rent out their rooms, they can always sell their flat for $500k and buy a studio hdb flat at $100k. Use the $400k cash to buy annuities.
Reply With Quote
  #10010 (permalink)  
Old 26-05-2016, 09:26 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Middle class couple
My earnings $76k pa (47 yo)
Wife's earnings $60k pa (45 yo)
Annual savings $30k pa
Home, mortgage outstanding $210k
Car, loan outstanding $40k
Cash & CPF, total $650k
Net worth, total $1m
How are we doing?
When can we retire?

Does this HH income classified as lower middle class in Singapore?


SG BusLeh mobile app
SG BusLeh - the best bus app - available on iPhone and Android


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
Reply

Bookmarks

Tags
bond, bond breaking, income pa, lawyer, saf

« Previous Thread | Next Thread »

Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Industries with Highest Proportion Earning 5-Figure Monthly Income Salary.sg Income and Jobs 23 06-08-2017 05:46 PM
Lawyer earning $25k/mth forged $65k payslip to get job Salary.sg Income and Jobs 2 30-12-2011 01:42 PM

» 30 Recent Threads
15% pay cut from private sector to... ( 1 2 3... Last Page)
1,433 Replies, 713,007 Views
Lawyer Salary ( 1 2 3... Last Page)
3,344 Replies, 1,025,975 Views
Need cash for tough times?
0 Replies, 60 Views
SAS BIA Program
0 Replies, 59 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,219 Replies, 349,791 Views
Queries about Cpib application ( 1 2 3... Last Page)
855 Replies, 311,053 Views
Exxon Mobil Equipment tech or... ( 1 2 3... Last Page)
1,317 Replies, 273,642 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
2,204 Replies, 981,646 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
998 Replies, 441,113 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
1,929 Replies, 1,168,395 Views
DBS Graduate Associate Program ( 1 2 3... Last Page)
463 Replies, 195,248 Views
Constituency Manager (People... ( 1 2 3... Last Page)
571 Replies, 276,854 Views
Changi Airport Group ( 1 2 3... Last Page)
337 Replies, 217,842 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
1,753 Replies, 597,233 Views
How is life as a doctor in... ( 1 2 3... Last Page)
301 Replies, 512,349 Views
Enquiries about NEA scientific...
0 Replies, 178 Views
Performance Improvement Plan - New... ( 1 2)
19 Replies, 7,195 Views
Engineer Pay ( 1 2 3)
27 Replies, 3,316 Views
Career as Teacher ( 1 2 3... Last Page)
1,103 Replies, 795,490 Views
Top paying companies in SG for... ( 1 2 3... Last Page)
54 Replies, 34,189 Views
Senior police officer in SPF...... ( 1 2)
18 Replies, 51,984 Views
Compare civil service salary ( 1 2 3... Last Page)
7,102 Replies, 3,839,927 Views
Exxon salary question
2 Replies, 778 Views
Fresh Grad looking to enter...
1 Replies, 1,259 Views
Startup or Bank?
3 Replies, 421 Views
Salary in India vs Singapore. ( 1 2 3)
23 Replies, 1,130 Views
Shipping industry (low basic +...
5 Replies, 860 Views
Siemens engineering graduate...
0 Replies, 282 Views
Commercial Affairs Officer ( 1 2 3... Last Page)
50 Replies, 29,443 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 03:36 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2