How much are you earning per annum? - Page 890 - 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
  #8891 (permalink)  
Old 15-11-2015, 08:07 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
COE at $60k is considered cheap. Why? It means you are only paying $6k per year for the COE. Assuming that a middle income household earns $120k pa, this means only 5% of income will be spent on a COE. Spending $6k per year for COE is no big deal. Many families spend more than $6k per year on holidays. Also don't forget that because many households will buy super cheap HDB BTO flat, they use their CPF to pay the mortgage. This means they have a lot of income to buy a nice new car. There are good new cars selling less than $100k. Can easily afford to buy.
Your arguments make sense. In today's environment where many households earn a lot more, changing new cars has become a norm, just like changing clothes.

Reply With Quote
  #8892 (permalink)  
Old 15-11-2015, 08:22 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I'm hoping COE will crash to below $20k, then I can scrap my one year old car to upgrade to a new bigger car. I got my COE at $60k+. Possible?
Don't be a fool. COE has already reached its lows and will resume higher. It will not go below $50k for sure. There is a lot of replacement demand. Supply higher will be matched by higher demand from replacement demand as well as demand from new buyers. More youngsters are earning more and they can afford to buy new cars. Just look at the number of young drivers on the road. Retirees are also getting richer so you see so many retirees buying new cars, some buy more expensive cars than they ever bought before to celebrate their retirement.

Reply With Quote
  #8893 (permalink)  
Old 15-11-2015, 08:44 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Don't be a fool. COE has already reached its lows and will resume higher. It will not go below $50k for sure. There is a lot of replacement demand. Supply higher will be matched by higher demand from replacement demand as well as demand from new buyers. More youngsters are earning more and they can afford to buy new cars. Just look at the number of young drivers on the road. Retirees are also getting richer so you see so many retirees buying new cars, some buy more expensive cars than they ever bought before to celebrate their retirement.

Minister Lui already say LTA wont claw back the tsunami supply for next 2 years. but unfortunately there is a tsunami demand also to match it.

i wonder how the COE will be after the tsunami supply dry up from 2019? Does LTA have any more tricks?

Reply With Quote
  #8894 (permalink)  
Old 16-11-2015, 06:41 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Minister Lui already say LTA wont claw back the tsunami supply for next 2 years. but unfortunately there is a tsunami demand also to match it.

i wonder how the COE will be after the tsunami supply dry up from 2019? Does LTA have any more tricks?

I think the situation will be worst by 2019 when COE supply dries up.

Reason is because those owners who own cars from 2010-2013 will foresee a low peak, and they will scrap their car between 5-10 year old in order to avoid the low peak. This will cause a spiral effect as the supply between 2020-2023 will get even worse.

In short, prepare for COE >$200,000 by then. Good luck.
Reply With Quote
  #8895 (permalink)  
Old 16-11-2015, 11:20 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I think the situation will be worst by 2019 when COE supply dries up.

Reason is because those owners who own cars from 2010-2013 will foresee a low peak, and they will scrap their car between 5-10 year old in order to avoid the low peak. This will cause a spiral effect as the supply between 2020-2023 will get even worse.

In short, prepare for COE >$200,000 by then. Good luck.
If you want to experience owning a car for at least 10 years, then now is the best time to buy a new car while COE is now at its cyclical lows of $50k+. I think by 2023 onwards, COE could rise to more than $100k or even $200k for Cat B. You should just buy a new car with COE today, buy those car models costing less than $100k. To spend $10k pa to own a car is worth the money spent. If you take a taxi, it will also cost you money so might as well buy a new car. Your own car is more convenient than taking the taxi.
Reply With Quote
  #8896 (permalink)  
Old 16-11-2015, 11:39 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
If you want to experience owning a car for at least 10 years, then now is the best time to buy a new car while COE is now at its cyclical lows of $50k+. I think by 2023 onwards, COE could rise to more than $100k or even $200k for Cat B. You should just buy a new car with COE today, buy those car models costing less than $100k. To spend $10k pa to own a car is worth the money spent. If you take a taxi, it will also cost you money so might as well buy a new car. Your own car is more convenient than taking the taxi.
Many of my bosses & colleagues who bought high COE back in 2013 are coming back into the market as their cars reached 3 years. To them, it's worth it as they scrap their $90k COE and get cheap COE at $50k+.

I agree with you that this is a timebomb for COE to reach unbelievable heights by as early as 2020. Good luck to all bros and sis who are still waiting.
Reply With Quote

  #8897 (permalink)  
Old 16-11-2015, 11:45 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Many of my bosses & colleagues who bought high COE back in 2013 are coming back into the market as their cars reached 3 years. To them, it's worth it as they scrap their $90k COE and get cheap COE at $50k+.

I agree with you that this is a timebomb for COE to reach unbelievable heights by as early as 2020. Good luck to all bros and sis who are still waiting.
Your bosses and colleagues are smart. COE prices will only get higher from its current lows.
Reply With Quote
  #8898 (permalink)  
Old 16-11-2015, 12:01 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Your bosses and colleagues are smart. COE prices will only get higher from its current lows.
Minister Lwee is doing more damage by allowing the tsunami of COE quota to be released unchecked for next 2 years
Reply With Quote
  #8899 (permalink)  
Old 16-11-2015, 12:13 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Minister Lwee is doing more damage by allowing the tsunami of COE quota to be released unchecked for next 2 years
COE supply should be clawed back now to keep for future years when supply of COEs is less.
Reply With Quote
  #8900 (permalink)  
Old 16-11-2015, 12:30 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
COE supply should be clawed back now to keep for future years when supply of COEs is less.
They are just kicking the can down the road.

People will rush to scrap their cars by 2017 at the high COE quota as promised by ministar Lwee.

Anyway election is over and 69.9% given the mandate
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)
7,164 Replies, 3,308,402 Views
GovTech ( 1 2 3... Last Page)
4,960 Replies, 2,082,909 Views
DBS tech seed programme ( 1 2 3... Last Page)
3,744 Replies, 1,466,104 Views
Career as Teacher ( 1 2 3... Last Page)
10,208 Replies, 6,356,190 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,740 Replies, 1,005,539 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
14,618 Replies, 4,829,513 Views
Work culture in IHiS ( 1 2 3... Last Page)
700 Replies, 519,285 Views
Roles in accenture singapore ( 1 2 3... Last Page)
7,053 Replies, 2,231,544 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
1,262 Replies, 696,945 Views
Jobs with travel opportunities
6 Replies, 3,536 Views
UOB Management Associate Program ( 1 2 3... Last Page)
1,264 Replies, 734,712 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
1,720 Replies, 1,337,578 Views
Singapore Airlines ( 1 2)
16 Replies, 8,951 Views
Compare civil service salary ( 1 2 3... Last Page)
16,235 Replies, 12,260,305 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
618 Replies, 314,837 Views
Enterprise Singapore hiriing... ( 1 2 3... Last Page)
180 Replies, 221,624 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,066 Replies, 3,663,933 Views
ITE (lecturer) ( 1 2 3... Last Page)
275 Replies, 377,285 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
4,983 Replies, 4,496,057 Views
Anyone work in JPM/GS/Morgan... ( 1 2 3... Last Page)
413 Replies, 154,958 Views
ST Electronics ( 1 2 3... Last Page)
3,638 Replies, 1,486,824 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,770 Replies, 4,561,821 Views
Lawyer Salary ( 1 2 3... Last Page)
20,862 Replies, 10,153,016 Views
Salary ranges in Big Tech in...
0 Replies, 275 Views
Micron starting pay ( 1 2 3... Last Page)
701 Replies, 384,017 Views
Visa Graduate Development Program ( 1 2 3... Last Page)
203 Replies, 125,913 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
746 Replies, 382,873 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
1,020 Replies, 421,657 Views
DBS ACE Programme ( 1 2 3... Last Page)
105 Replies, 72,043 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,238 Replies, 585,027 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 12:26 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2