How much are you earning per annum? - Page 1062 - 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
  #10611 (permalink)  
Old 30-10-2016, 08:36 PM
Unregistered
Guest
 
Posts: n/a
Default

That shows you're not exposed at all, my dad is top management in engineering (but salaried) running asia pac for his company.

Our place last offer was 8M, bank valued 10M - 11M, property guru price 12M - 13M

In our area (D10) a small terrace 2 story (which is a joke) goes for 3.5M.

I don't mean to say it but you sound really ignorant person with your post. Not assuming but I will not be surprised if there are properties along our stretch which probably have garden larger than your entire house.

Quote:
Originally Posted by Unregistered View Post
That's true. I have never heard of engineers (the salaried worker type) buying GCBs. Only those engineers who are brave enough to start their own company and eventually do well can afford GCBs.

Those salaried type engineers cannot afford GCBs. The most they can afford are cheap condos (below $2m) and cheap landed properties (below $3m). GCBs are definitely beyond their reach (above $10m).

Reply With Quote
  #10612 (permalink)  
Old 30-10-2016, 09:31 PM
Unregistered
Guest
 
Posts: n/a
Default

Would you lump all your money into a GCB or buy several condos to earn you passive incomes? Engineers will spread their "eggs" into several investment baskets and earn passive income at the same time.

Engineers are also pragmatic people, seldom giving in to ostentatious showing. Most drive the humble Camry or Honda Accords, because to them, reliability beats a showy car that cannot finish a journey. And that's not because they cannot afford the lifestyle. It's just that they have better things to spend their money on.

Now you know why you never heard of engineers buying GCBs.

Quote:
Originally Posted by Unregistered View Post
That's true. I have never heard of engineers (the salaried worker type) buying GCBs. Only those engineers who are brave enough to start their own company and eventually do well can afford GCBs.

Those salaried type engineers cannot afford GCBs. The most they can afford are cheap condos (below $2m) and cheap landed properties (below $3m). GCBs are definitely beyond their reach (above $10m).


Reply With Quote
  #10613 (permalink)  
Old 30-10-2016, 09:39 PM
Unregistered_101
Guest
 
Posts: n/a
Default

Never understood this middle class obsession with GCBs, they make poor investment tools but great for vanity (which usually people like bankers are concerned about)

The only people who bought GCB's did so last time because they were really cheap, at today's bloated prices the smart super wealthy are trying to offload them to ignorant rich people. (see Wing Tai Chairman). Ever wonder why Peter Lim bought a condo block?

Good landed property investment should be open land zoned for high rise development (see 9 Cuscaden road), they are valued over any normal landed property and are highly sought after by multiple buyers due to development potential which again holds its value (not just a group of vanity buyers). You get your bungalow and you get your value.

Believe me if you went to a wealthy family and challenge them because they don't have a gcb they immediately know the how shortsighted/immature/shallow the person asking the question is.


Quote:
Originally Posted by Unregistered View Post
Bankers usually buy GCBs.

Reply With Quote
  #10614 (permalink)  
Old 30-10-2016, 10:56 PM
Unregistered
Guest
 
Posts: n/a
Default

Honestly, I think your dad's house is way over valued. When the economy goes down, the house value will surely collapse.

Not surprising why many owners are trying their luck to sell at current high prices. But the smart money is not buying these overvalued landed properties.


Quote:
Originally Posted by Unregistered View Post
That shows you're not exposed at all, my dad is top management in engineering (but salaried) running asia pac for his company.

Our place last offer was 8M, bank valued 10M - 11M, property guru price 12M - 13M

In our area (D10) a small terrace 2 story (which is a joke) goes for 3.5M.

I don't mean to say it but you sound really ignorant person with your post. Not assuming but I will not be surprised if there are properties along our stretch which probably have garden larger than your entire house.
Reply With Quote
  #10615 (permalink)  
Old 30-10-2016, 11:39 PM
Unregistered
Guest
 
Posts: n/a
Default

So you say but houses in the district are still transacting at these prices, maybe its to do with Hwa Chong, RGS, NJC, Nanyang etc being in the neighborhood? Hwa Chong is like 10 mins walk from my place.

Anyway either way doesn't effect us if price go up or down. The house is fully paid for everyone is happy and we have no intention to sell.


Quote:
Originally Posted by Unregistered View Post
Honestly, I think your dad's house is way over valued. When the economy goes down, the house value will surely collapse.

Not surprising why many owners are trying their luck to sell at current high prices. But the smart money is not buying these overvalued landed properties.
Reply With Quote
  #10616 (permalink)  
Old 31-10-2016, 12:00 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
So you say but houses in the district are still transacting at these prices, maybe its to do with Hwa Chong, RGS, NJC, Nanyang etc being in the neighborhood? Hwa Chong is like 10 mins walk from my place.

Anyway either way doesn't effect us if price go up or down. The house is fully paid for everyone is happy and we have no intention to sell.
If you don't have any intention to sell, why was there a "last offer of 8M"? People don't usually offer if it's not on the market for sale. Care to explain?


Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS 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

  #10617 (permalink)  
Old 31-10-2016, 12:15 AM
Unregistered
Guest
 
Posts: n/a
Default

Lol I find it funny you're trying so hard to find holes in my simple post.

Okay we have a small terrace around the area which we've been trying hard to rent out, because of this we've switched many agents and the agents come to our house for discussions.

One of the agents we appointed to rent out the place (thru recommendation) was somewhat naive messaged my dad and asked if we were interested in selling our place instead and she has a ready buyer at 8M. Honestly 8M for our place is a super duper good deal. Of course we turned it down politely (when I knew of it I was like wtf is she inexperienced or what?)

anymore questions?

Quote:
Originally Posted by Unregistered View Post
If you don't have any intention to sell, why was there a "last offer of 8M"? People don't usually offer if it's not on the market for sale. Care to explain?


Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS 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
  #10618 (permalink)  
Old 31-10-2016, 12:26 AM
Unregistered
Guest
 
Posts: n/a
Default

I find your story funny. LOL.


Quote:
Originally Posted by Unregistered View Post
Lol I find it funny you're trying so hard to find holes in my simple post.

Okay we have a small terrace around the area which we've been trying hard to rent out, because of this we've switched many agents and the agents come to our house for discussions.

One of the agents we appointed to rent out the place (thru recommendation) was somewhat naive messaged my dad and asked if we were interested in selling our place instead and she has a ready buyer at 8M. Honestly 8M for our place is a super duper good deal. Of course we turned it down politely (when I knew of it I was like wtf is she inexperienced or what?)

anymore questions?
Reply With Quote
  #10619 (permalink)  
Old 31-10-2016, 10:33 AM
Unregistered
Guest
 
Posts: n/a
Default

A bunch of kids arguing over cheapo stuff like GCB
Reply With Quote
  #10620 (permalink)  
Old 31-10-2016, 10:52 AM
Super Member
 
Join Date: Aug 2010
Posts: 335
lazyplane is on a distinguished road
Default

And here we go again....

Quote:
Originally Posted by Unregistered View Post
Your HDB is not just a home but an asset. When you retire, you can rent out your 5 room HDB flat for $2500 pm. You can use this rent to convert to RM7500 pm (S$1 = RM3). RM7500 pm is a lot of money in Malaysia for 2 persons.

You can rent a new 2 bedroom condo in Penang for RM1,000 pm. There is a HUGE OVERSUPPLY of properties in Malaysia, that is why rent there is so cheap.

You can use the rest of your money to rent a car and enjoy eating at restaurants.
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 25 23-04-2021 10:40 PM
Lawyer earning $25k/mth forged $65k payslip to get job Salary.sg Income and Jobs 2 30-12-2011 02:42 PM

» 30 Recent Threads
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
3,326 Replies, 1,385,270 Views
Lawyer Salary ( 1 2 3... Last Page)
14,327 Replies, 4,817,454 Views
High Finance Thread ( 1 2 3... Last Page)
328 Replies, 110,204 Views
Top paying companies in SG for... ( 1 2 3... Last Page)
90 Replies, 137,731 Views
Mnc jobs - a must in life ?? ( 1 2 3... Last Page)
160 Replies, 67,772 Views
DBS tech seed programme ( 1 2 3... Last Page)
1,070 Replies, 267,580 Views
Relocation to the US or stay in SG? ( 1 2)
17 Replies, 631 Views
Officer Role in Bank of Tokyo -... ( 1 2 3... Last Page)
204 Replies, 171,826 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
3,948 Replies, 1,807,267 Views
Getting MBA worth? ( 1 2 3... Last Page)
127 Replies, 100,687 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
818 Replies, 220,476 Views
IMDA (under MCI) ( 1 2 3... Last Page)
166 Replies, 68,043 Views
GovTech Tech Associate Program... ( 1 2 3... Last Page)
109 Replies, 44,045 Views
Citibank Singapore ( 1 2 3... Last Page)
150 Replies, 106,160 Views
JTC (Jurong Town Corporation) ( 1 2 3... Last Page)
37 Replies, 40,203 Views
Need advice - local bank or bulge... ( 1 2 3)
20 Replies, 1,452 Views
Whats your net worth ( 1 2 3... Last Page)
2,848 Replies, 967,933 Views
How is life as a doctor in... ( 1 2 3... Last Page)
2,905 Replies, 1,458,157 Views
ST Electronics ( 1 2 3... Last Page)
2,389 Replies, 605,822 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,033 Replies, 755,145 Views
architecture graduate - go hdb or...
5 Replies, 1,519 Views
Visa Graduate Development Program ( 1 2 3... Last Page)
49 Replies, 18,652 Views
Roles in accenture singapore ( 1 2 3... Last Page)
2,104 Replies, 549,953 Views
Exxon Mobil Equipment tech or... ( 1 2 3... Last Page)
1,876 Replies, 627,798 Views
Compare civil service salary ( 1 2 3... Last Page)
12,720 Replies, 7,478,418 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
4,200 Replies, 2,591,262 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,148 Replies, 1,717,847 Views
FDM - Technical Graduate Program
2 Replies, 1,058 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
573 Replies, 457,430 Views
infosys, cognizant
5 Replies, 1,799 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 01:49 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2