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How much are you earning per annum?

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  #2371 (permalink)  
Old 17-05-2013, 07:15 PM
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$3K monthly income may be the median but according to the latest report, the per capita income in Singapore is $65K pa. Quote from the report :-

"Singapore has one of the highest concentrations of millionaires relative to its population, but the city-state's per capita income of more than S$65,000 in 2012 masks a sharp income gap between the richest and poorest"

Per capita income mean income per person. So for a family of 4, that implies a household income of $260K pa.
Per capita income is GDP divided by population. This is in no way representative of salary and personal income. Please don't mislead.

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  #2372 (permalink)  
Old 17-05-2013, 07:55 PM
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$260k sounds pretty high, I suspect the actual household income is closer to 200k.
I think a typical Singaporean family's annual income is more like $300k? And most own two or three condos? It this true? Can someone verify this?

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  #2373 (permalink)  
Old 17-05-2013, 09:19 PM
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I think a typical Singaporean family's annual income is more like $300k? And most own two or three condos? It this true? Can someone verify this?
Directly from Salary.sg - Your Salary in Singapore :

"
The average monthly income of households living in condos is $19,026. For those families living in landed properties, the figure is $25,419. This is according to the Key Household Income Trends 2012 report published by the Singapore Department of Statistics.

The median monthly household income is now $7,570, up from $7,040 last year. If you and your spouse make a combined income of more than $7,570, your family is better off than half the households here.
"

Link:
Benchmark Your Household Income 2013 | Salary.sg - Your Salary in Singapore

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  #2374 (permalink)  
Old 18-05-2013, 06:57 PM
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I think a typical Singaporean family's annual income is more like $300k? And most own two or three condos? It this true? Can someone verify this?
you are WRONG. I am in charge of stats and data shows typical family income is around 400k. It used to be condos, but now many own several houses.

Verified by me, stats expert.
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  #2375 (permalink)  
Old 18-05-2013, 07:16 PM
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you are WRONG. I am in charge of stats and data shows typical family income is around 400k. It used to be condos, but now many own several houses.

Verified by me, stats expert.
You are both right and wrong. You are right for the area under your "charge" - the landed property areas and maybe district 10 & 11. The other areas, the HDB areas do not have this kind of household incomes. They are typically below $250k pa.
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  #2376 (permalink)  
Old 18-05-2013, 09:48 PM
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wake up your idea UNDERSTAND !

Quote:
Originally Posted by Unregistered View Post
you are WRONG. I am in charge of stats and data shows typical family income is around 400k. It used to be condos, but now many own several houses.

Verified by me, stats expert.
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  #2377 (permalink)  
Old 19-05-2013, 09:14 AM
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We are a couple in our early 40s. Earning a combined annual salary of $150,000.
We live in a HDB Executive flat in Queenstown (I believe it is worth $1.2m at least) and now plans to upgrade to a condo in Bukit Timah. We have managed to save $500,000 and will need to save another $500,000 before making the upgrade.
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  #2378 (permalink)  
Old 19-05-2013, 10:10 AM
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We are a couple in our early 40s. Earning a combined annual salary of $150,000.
We live in a HDB Executive flat in Queenstown (I believe it is worth $1.2m at least) and now plans to upgrade to a condo in Bukit Timah. We have managed to save $500,000 and will need to save another $500,000 before making the upgrade.
Lucky for you. Owning a choice location HDB is like striking the lottery. The owners of Duxton place are already expecting above $1M for their 5 room apartments. It will be easy for them to upgrade to a condo.

Having lived in both HDBs and Condo, I can say that my quality of life has improved by leaps when I moved to the condo. My current condo comes with full facilities (usual gym, squash, tennis, basket ball court, 2 pools, BBQ pits and a sundry shop). Car park lots are also plentiful. Since we moved into the condo, my whole family are exercising more because of the convenience. I have also sold off my country club membership - as there is nothing I need that I cannot get from the condo.

I still cringed as I recalled the troubles we have to go through when getting the children ready for swimming in the public pool when we were living in HDB. After all the packing, and then driving to the pool, only to find the pool packed with people. The worse case was when we reached the pool, it started to rain spoiling the mood. It happened often enough that my children lost interest in swimming. Now we just have to look out our window, and its "let's go for a swim - the pool is clear".

We also enjoy the evening stroll in and around the condo premises. The nicely landscaped ground, the fountains and lighting really make you feel you are in a resort. Very relaxing... In fact when we first moved in, we didnt go for our regular year end holiday preferring to relax and enjoy the condo.
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  #2379 (permalink)  
Old 19-05-2013, 01:58 PM
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Lucky for you. Owning a choice location HDB is like striking the lottery. The owners of Duxton place are already expecting above $1M for their 5 room apartments. It will be easy for them to upgrade to a condo.

Having lived in both HDBs and Condo, I can say that my quality of life has improved by leaps when I moved to the condo. My current condo comes with full facilities (usual gym, squash, tennis, basket ball court, 2 pools, BBQ pits and a sundry shop). Car park lots are also plentiful. Since we moved into the condo, my whole family are exercising more because of the convenience. I have also sold off my country club membership - as there is nothing I need that I cannot get from the condo.

I still cringed as I recalled the troubles we have to go through when getting the children ready for swimming in the public pool when we were living in HDB. After all the packing, and then driving to the pool, only to find the pool packed with people. The worse case was when we reached the pool, it started to rain spoiling the mood. It happened often enough that my children lost interest in swimming. Now we just have to look out our window, and its "let's go for a swim - the pool is clear".

We also enjoy the evening stroll in and around the condo premises. The nicely landscaped ground, the fountains and lighting really make you feel you are in a resort. Very relaxing... In fact when we first moved in, we didnt go for our regular year end holiday preferring to relax and enjoy the condo.
You are behind times. The trend in SG now is semi-d & bungalows
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  #2380 (permalink)  
Old 19-05-2013, 10:40 PM
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Single bread winner, family of four. Annual salary only $50k. 46 years old.
Live in a 4 room HDB flat, fully paid. No car. Life is quite a struggle. Not easy to raise a family. Is my family considered among the poor here? Are there anywhere I can get financial assitance. Advice is much appreciated. Thanks.
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