How much are you earning per annum? - Page 693 - 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
  #6921 (permalink)  
Old 28-02-2015, 08:35 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Heres my prediction

Cat A: drop to $52k
Cat B: drop to $57k

Huat huat ah!
Everyone - Keep your predictions coming or else you will get bored.
Life of a typical...

Reply With Quote
  #6922 (permalink)  
Old 28-02-2015, 09:14 PM
Unregistered
Guest
 
Posts: n/a
Default

Cat A will go to $65k
Cat B will go to $78k

Reply With Quote
  #6923 (permalink)  
Old 28-02-2015, 09:33 PM
Unregistered
Guest
 
Posts: n/a
Default

I think demand for cars very high...got pple even thinking of taking equity term loan against their property to buy car as cheaper than car loan and can stretch loan tenure...

Reply With Quote
  #6924 (permalink)  
Old 28-02-2015, 10:21 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Cat A will go to $65k
Cat B will go to $78k
I think Cat A continue to slide to $55K
cat B slide to $60k

Hope the car dealers will further drop their car price after next week.
Reply With Quote
  #6925 (permalink)  
Old 28-02-2015, 10:26 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I think demand for cars very high...got pple even thinking of taking equity term loan against their property to buy car as cheaper than car loan and can stretch loan tenure...
10 years ago, a condo would have cost $500k, today it would be $1m or more. And most would have paid up their home loan. So, taking a home equity loan of $100k against a fully paid up property worth $1m is no problem at all. So, I also agree COE prices will go up for sure.

COE will never go down to as low as $30k. Only if property prices overall crash by 50% will COE also crash to $30k. Also don't forget household income would have doubled from $100k pa in 2005 to $200k pa today. So not possible for COE prices to crash.
Reply With Quote
  #6926 (permalink)  
Old 28-02-2015, 10:28 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I think demand for cars very high...got pple even thinking of taking equity term loan against their property to buy car as cheaper than car loan and can stretch loan tenure...
This is BS. Nobody is messing with their existing mortgage loan due to TDSR.
Honestly, car is not for you if you need to take equity loan against your property. Try bicycle, mrt or walking (bmw)
Or, just wait for coe price to drop to 30k by end of this year
Reply With Quote

  #6927 (permalink)  
Old 28-02-2015, 10:31 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
10 years ago, a condo would have cost $500k, today it would be $1m or more. And most would have paid up their home loan. So, taking a home equity loan of $100k against a fully paid up property worth $1m is no problem at all. So, I also agree COE prices will go up for sure.

COE will never go down to as low as $30k. Only if property prices overall crash by 50% will COE also crash to $30k. Also don't forget household income would have doubled from $100k pa in 2005 to $200k pa today. So not possible for COE prices to crash.
Not forgetting our friendly garment has imported 1,000,000 FT over the past 10 years here... So how to keep demand down??

Those who are waiting and praying COE to drop better be realistic.
Reply With Quote
  #6928 (permalink)  
Old 28-02-2015, 10:39 PM
Unregistered
Guest
 
Posts: n/a
Default

many young couples have no money to pay 50% payment, or their hands are tied by TDSR with heavy mortgage committments
For the middle class, be warned that sibor will shoot up to 1.5%. If you are taking equity loan, your interest payment will go by 20%
There are tsunami of coes coming to crash the market, at least 60k supplies coming. Also, many people are cash strapped with interest payments shooting up.. Wait for the perfect storm to buy cheap COEs at end of this year


Quote:
Originally Posted by Unregistered View Post
10 years ago, a condo would have cost $500k, today it would be $1m or more. And most would have paid up their home loan. So, taking a home equity loan of $100k against a fully paid up property worth $1m is no problem at all. So, I also agree COE prices will go up for sure.

COE will never go down to as low as $30k. Only if property prices overall crash by 50% will COE also crash to $30k. Also don't forget household income would have doubled from $100k pa in 2005 to $200k pa today. So not possible for COE prices to crash.
Reply With Quote
  #6929 (permalink)  
Old 28-02-2015, 10:51 PM
Unregistered
Guest
 
Posts: n/a
Default

Last time, 0% downpayment, can drive home new car
Last time, you earn 1.5k, can drive home new car

Now, you need 50k cash to put downpayment to buy to buy 100k car
Now, your monthly debt payments cannot exceed 60% of your income

With tighter loan constraint, a lot of middle class families will not buy new car once their old cars reach 10yr mark.
Unless coe price drops to 30k, then they will come in and get the Altis at 70k. The market will reach the equlilbrium at this point at 30k coe price
Reply With Quote
  #6930 (permalink)  
Old 28-02-2015, 11:38 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
This is BS. Nobody is messing with their existing mortgage loan due to TDSR.
Honestly, car is not for you if you need to take equity loan against your property. Try bicycle, mrt or walking (bmw)
Or, just wait for coe price to drop to 30k by end of this year
I am talking about one forumer I came across thinking of getting equity loan for car....not me....

I already bought an Estima at 190k in 2012 when coe cat e was 89k....my income about 12k a mth and have rental income of $2200, car expenses $2500 a mth, less than 20% my income so still ok for me....
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
How is life as a doctor in... ( 1 2 3... Last Page)
10,112 Replies, 4,207,966 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,668 Replies, 1,422,948 Views
Roles in accenture singapore ( 1 2 3... Last Page)
8,723 Replies, 2,965,957 Views
ST Electronics ( 1 2 3... Last Page)
4,151 Replies, 1,946,912 Views
Lawyer Salary ( 1 2 3... Last Page)
22,222 Replies, 12,028,016 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
21,543 Replies, 6,590,558 Views
DSO (under Mindef) ( 1 2 3... Last Page)
71 Replies, 88,035 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
1,122 Replies, 656,548 Views
GovTech ( 1 2 3... Last Page)
7,178 Replies, 3,127,521 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,958 Replies, 3,178,971 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
3,567 Replies, 2,085,341 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
2,055 Replies, 1,840,320 Views
Whats your net worth ( 1 2 3... Last Page)
2,969 Replies, 1,509,096 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,669 Replies, 964,462 Views
Compare civil service salary ( 1 2 3... Last Page)
16,836 Replies, 14,166,850 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,572 Replies, 5,365,119 Views
SLA (Singapore Land Authority) ( 1 2 3... Last Page)
43 Replies, 39,398 Views
Workplace in Vital
2 Replies, 134 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
1,348 Replies, 699,942 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,836 Replies, 1,718,844 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
7,195 Replies, 4,476,688 Views
Constituency Manager (People... ( 1 2 3... Last Page)
1,008 Replies, 907,716 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
1,147 Replies, 656,544 Views
Mining Industry ( 1 2 3... Last Page)
81 Replies, 84,784 Views
HDB (under MND) ( 1 2 3... Last Page)
557 Replies, 692,750 Views
Career as Teacher ( 1 2 3... Last Page)
12,407 Replies, 8,120,452 Views
merit increment in civil service ( 1 2 3... Last Page)
291 Replies, 358,636 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
6,518 Replies, 5,422,670 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
2,588 Replies, 1,376,566 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 07:04 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2