How much are you earning per annum?

[hnnbllctr]

Originally Posted by Unregistered

Interesting how some (Stress on this) people see their "Social Standing" increase once they move to a Condo, I used to know a classmate in primary school like that. The classmate would insist on searching us when we left his condo in case we took something from his house, majority of my pals stayed in HDB so maybe he felt the need to do so seeing everyone else is of a lower social standing and would likely steal his previous ate facts?

I can see why people would feel elevated if compared a HDB to a Condo back in the 90's, the long corridor with one room bordering the corridor makes it really uncomfortable to sleep.

However the New HDBs these days are styled quite similar to Condo's (except facilities), and its not true that by staying a condo you automatically reside with a better class of people, you always have the boorish types or the show off who drive big cars and smug looks to put up with. Of course we are assuming you live in a normal HDB without your neighbor owing debts or someone peeing in the lift.

From experience the people who like to play this social standing card are typically middle / upper middle class peeps who have barely made it but feel the need to express to the world that that have "made it" and the smiles we have politely grin while we hear the stories of their accomplishments but yet how humble they really are.

LOL! Dude, you hit the nail right on the head!

Originally Posted by hnnbllctr

LOL! Dude, you hit the nail right on the head!

I wonder if it hurt ?

I totally agree the Jurong Lake District is the best place to build the HSR station. Here are some important reasons why:

1. The JLD is already a happening place with many new offices, malls, etc. So when Malaysians reach Singapore, they don't have to go to Orchard, which is already so crowded. They can do all their shopping, eating, holidaying, etc in the JLD - you have JEM, Westgate, IMM, JCube, and many more. This will reduce the crowd in Orchard.

2. Many businessmen travel from Singapore to KL on a daily basis for business, so if they have offices in the JLD, they can easily take the HSR from their JLD office to KL and saves a lot of time. If the station is in Tuas West, it will a waste of time to travel from their JLD office to Tuas West.

3. The JLD can have a new mega theme park like Universal Studios, Disneyland. This will make it a big attraction for Malaysians. They can simply alight at the JLD HSR station and enjoy the theme park. They can also stay at the new hotel in the JLD. Maybe more hotels need to be built in the JLD.

4. The JLD is the new CBD and Orchard combined, so it must be developed to attract the world to JLD. The development of the JLD can hopefully contribute another 1 - 2% of Singapore's GDP when fully developed. The JLD is a gem in the making.

Originally Posted by Unregistered

The best location would be the Jurong Lake District. The area around the Jurong Lake would be ideal as there are many underutilised, empty land - ex Tang dynasty land, Jurong Golf Course, etc. The HSR station can be connected via an underground travellator (with underground mall) to the Lakeside MRT station to provide seamless travel.

A new mega theme park can also be build at the Jurong Lake area as the lake provide a good scenery. Perhaps we should have a DISNEYLAND there, this could be the largest Disneyland theme park in the world. With the HSR, there will be daily tourists from Malaysia and boost Singapore's tourism further to greater heights.

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KUALA LUMPUR — The station for the Republic’s new high speed rail link to Kuala Lumpur (KL) will likely be located either in the west or in the city centre, it was revealed today (April 7) at a press conference at the fifth Malaysia-Singapore Leaders’ Retreat in Kuala Lumpur.

Officials said the three likely locations for the station in Singapore are Tuas West, Jurong East or in the city centre.

The KL station will be located in Sungai Besi.

The leaders of Singapore and Malaysia today also lauded the two countries’ steady progress on joint iconic projects in Singapore and the Iskandar region, as well as in other areas of cooperation.

In a joint statement issued at the fifth Malaysia-Singapore Leaders’ Retreat in Kuala Lumpur, Singapore Prime Minister Lee Hsien Loong and his Malaysia counterpark Najib Razak also praised the work of committees that had been tasked with improving connectivity between Malaysia and Singapore, which include a rapid transit system link, a possible third road link, as well as the high-speed rail linking Singapore with Kuala Lumpur.

PM Lee also expressed his deepest sympathies over the loss of Malaysia Airlines flight MH370, while PM Najib said Malaysia appreciated the Republic’s prompt assistance in search and rescue operations.

The next retreat will be held in Singapore in 2015.

[aplover]

guys stick to the topic of annual salaries...

42, $5k pm. Wife, 45, $6k pm. Currently living in a HDB exec unit, paid up. Looking to upgrade to a condo as prices have gone down. Aiming to sell our flat at $900k and buying the condo at $1.1m. We should have no problem servicing a $200k mortgage over 10 years. We take public transport so we save at least $2k pm from not owning a car.

39, 37
Combined employment income plus bonus for 2013 = $740k pa
Combined savings = $1.7m (and adding around $300K per year not counting the returns from investments)
CPF OA / MA / SA = $383,000
Live in a 5-room HDB (paid up, worth around $800K)
half-share in 2 condos (partner with relative) = equity stake around $700K
1 Japanese second-hand car (paid up)
Combined networth at end 2013 = $4.3m

Feels contented but still have young kids to support so can't stop working till at least 55 in my opinion.

You cannot retire so early. You need to work up to 65. You must accumulate until $20m then you can retire. With the $20m, you spend $1m over 25 years and then leave behind $19m for your kids so that they don't have to work and can laze around. They will love you.

Originally Posted by Unregistered

39, 37
Combined employment income plus bonus for 2013 = $740k pa
Combined savings = $1.7m (and adding around $300K per year not counting the returns from investments)
CPF OA / MA / SA = $383,000
Live in a 5-room HDB (paid up, worth around $800K)
half-share in 2 condos (partner with relative) = equity stake around $700K
1 Japanese second-hand car (paid up)
Combined networth at end 2013 = $4.3m

Feels contented but still have young kids to support so can't stop working till at least 55 in my opinion.

Originally Posted by Unregistered

39, 37
Combined employment income plus bonus for 2013 = $740k pa
Combined savings = $1.7m (and adding around $300K per year not counting the returns from investments)
CPF OA / MA / SA = $383,000
Live in a 5-room HDB (paid up, worth around $800K)
half-share in 2 condos (partner with relative) = equity stake around $700K
1 Japanese second-hand car (paid up)
Combined networth at end 2013 = $4.3m

Feels contented but still have young kids to support so can't stop working till at least 55 in my opinion.

I think this figure is rather low for working couple of your age band. Need to work extra hard. You should have twice the amount by right.

This is just average. There are doctors and lawyers who make millions per year.
Work harder.

Originally Posted by Unregistered

39, 37
Combined employment income plus bonus for 2013 = $740k pa
Combined savings = $1.7m (and adding around $300K per year not counting the returns from investments)
CPF OA / MA / SA = $383,000
Live in a 5-room HDB (paid up, worth around $800K)
half-share in 2 condos (partner with relative) = equity stake around $700K
1 Japanese second-hand car (paid up)
Combined networth at end 2013 = $4.3m

Feels contented but still have young kids to support so can't stop working till at least 55 in my opinion.

This is a good idea. Many Singaporeans upgraded to a condo after selling their BTO flat which they bought cheap. The HDB actually helped them to upgrade since they were able to profit a lot after selling their flat in the resale market.

Originally Posted by Unregistered

42, $5k pm. Wife, 45, $6k pm. Currently living in a HDB exec unit, paid up. Looking to upgrade to a condo as prices have gone down. Aiming to sell our flat at $900k and buying the condo at $1.1m. We should have no problem servicing a $200k mortgage over 10 years. We take public transport so we save at least $2k pm from not owning a car.