How much are you earning per annum?

Originally Posted by Unregistered

The latest batch of HDB BTO launch indicates that a 4 room flat costs only $200k plus. This is very cheap. Some forumers who claim to earn $470k pa or $700k pa can simply buy these in cash from their one year salary. I don't understand why people complaint property is expensive. $200k plus for a 4 room flat is very cheap what.

Even for the low income group, if a couple earns $2000 pm each, their monthly income is $4000. I'm sure they can afford easily the monthly mortgage payments for a $200k plus BTO flat.

In short, what people who view this thread need to know is that, compared to all the folks out there who are stuggling to even meet ends needs, there is this group of rich to do folks (real or imaginary), that are looking to afford mult-million properties, or so they claim.

The part on Maslow Hierarchy of Needs is probably correct. Upon fulfilling their basic needs, they have higher needs, like feeling accomplished in life. Perhaps if all these people are as successful as they claimed they are, they would have accomplished that need already. Or that they would have better way to meet that need.

I could have just as easily say that I make $300k per annum while I actually make only about half of that amount. All I could say is believe in what you see in real life and judge for yourself. Maybe these people are geninue folks that are here to fulfil their higher needs, but does it really reflect on the society at large?

If all the folks whom posted their amazing ability to earn high income can PROVE that they are genuine, all I can say is good for them. I would definitely appreciate them sharing how they got to be as successful as they have become, what are the hard lessons they learned; more so than how successful they claimed they are now.

Conversely, it sadden me to see this thread as a mockery of all the hard work of folks out there whom probably contribute their 100% to get to where they are, only to see people whom claimed to have done so easily in their late 20s or early 30s. This thread could also be construe as incorrect information to the naive readers out who get the feel that they are grossly underpaid or that everyone is earn big bucks.

In this world, there are basic needs and there are wants. The large majority of people is able to fulfil their needs. Then they desire wants. They are not happy with cheap BTO flat, they want to live in a condo. While there is nothing wrong to desire a condo, it must be within your ability. You must be able to afford it without sacrificing on your morality, integrity and responsibilities towards your parents and children. If you strive to earn more by cheating, back stabbing, lying, ignoring your children, not giving allowance to your parents, etc, then it is bad and sinful.

We all work hard to gain more possessions of this world, but don't forget that when you die all the wealth will not go to the grave with you. What is most important is whether you are a true believer or whether you associate Him with others. Do you worship Him only or do you worship His Creations and others? Remember - He has no parents. He has no son and no children. He is The One and Only Creator. He is The Greatest.

age: 30
qualifications: NUS Law
annual income: $120k

i am underpaid

Very philosophical.

Everyone has their beliefs and calling. You cannot deny that mankind will always seek ways to lead better lives if not for themselves then for the next/future generation.

It is precisely because of this innate desire to better our lives that we strive, work hard and come up with new inventions and better ways to do things.

At the individual level, the individual is also doing the same thing. He grows up wanting to do better than his parents and to provide a better future for his own children. He knows he cannot bring all his worldly possessions with him, but he will go with the knowledge that these possessions will be passed on to his children or charitable organisations of his choosing.

We should therefore not worry about the rich, but rather about ourselves and our children. Dont let talk of "not able to bring your wealth with you into the grave" stop you from seeking a better life and working hard. Those are excuses used by lazy people.

Originally Posted by Unregistered

In this world, there are basic needs and there are wants. The large majority of people is able to fulfil their needs. Then they desire wants. They are not happy with cheap BTO flat, they want to live in a condo. While there is nothing wrong to desire a condo, it must be within your ability. You must be able to afford it without sacrificing on your morality, integrity and responsibilities towards your parents and children. If you strive to earn more by cheating, back stabbing, lying, ignoring your children, not giving allowance to your parents, etc, then it is bad and sinful.

We all work hard to gain more possessions of this world, but don't forget that when you die all the wealth will not go to the grave with you. What is most important is whether you are a true believer or whether you associate Him with others. Do you worship Him only or do you worship His Creations and others? Remember - He has no parents. He has no son and no children. He is The One and Only Creator. He is The Greatest.

Testing.......

Me: 147k pa

Wife: 110k pa

1 daughter + 1 son (special needs). Yearly expenditure >100k

Originally Posted by Unregistered

Hi, are you working in a SME or MNC? Local or foreign?

MNC. what do you mean by local or foreign?
local or foreign coy /degree/nationality?

Originally Posted by Unregistered

MNC. what do you mean by local or foreign?
local or foreign coy /degree/nationality?

Foreign MNC then.
Do you stay in hdb or condo?

Two-room flat for $10,000

Thursday, Mar 27, 2014
Tessa Wong
MyPaper

SINGAPORE - Up for grabs: A two-room flat in Sembawang that costs just $10,000, with housing grants.

With the Housing Board's latest Build-To-Order flat launch, experts say this has set the lowest price for a flat in recent memory.

The HDB yesterday launched 3,497 new flats in the non-mature towns of Sembawang, Sengkang and Yishun.

The price of two-room flats at the EastLace@Canberra and EastCrown@Canberra projects starts from $10,000 with housing grants, and $70,000 without grants.

Only one flat boasts of this price, but others can be had for a few hundred dollars more.

The HDB said yesterday that that one flat is the lowest priced two-roomer offered since 2011, when the Special CPF Housing Grant (SHG) of $20,000 was introduced.

Experts told MyPaper that this is one of the lowest prices set for a BTO flat in many years.

"It is really unprecedented," said PropNex chief executive Mohamed Ismail Gafoor.

The HDB appears to have been offering smaller flats at lower prices in recent years. In the previous BTO launch in January, a two-room flat in Woodlands Glen was going for $13,000 with grants and $73,000 without grants.

The two-room EastLace and EastCrown flats are not the cheapest in terms of overall price - in June 2010, a two-room flat at Rivervale Arc went for $68,000. But overall housing grants were also lower at that time, as the SHG did not exist then.

First-timer households can now enjoy up to $60,000 in housing grants, comprising of the SHG and the Additional CPF Housing Grant of $40,000.

ERA's key executive officer, Mr Eugene Lim, pointed out that one reason for the low price of these flats is their smaller size.

In terms of internal floor area, the flats come in two sizes - 36 sq m and 45 sq m. Two-room flats are usually bigger than 40 sq m, said Mr Lim.

Nevertheless, the overall price is lower and this shows the Government is "trying to keep the quantum affordable, especially for low-income families," he said.

Several noted that the downward trend for small-flat prices comes as construction and labour costs have gone up in recent years.

"The smaller the flat is, the greater the subsidy the Government seems to give in the pricing," said Mr Ismail, who added that the delinking of new flat pricing from resale flat prices in 2011 has also played a part.

All this is part of the recent push by the Government to provide more for the poor.

"It's all part of the increased social welfare that the Government is giving to Singaporeans, even though welfare remains a dirty word," said SLP International research head Nicholas Mak.