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Yesterday 02:16 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
I am the guy with the 6K basic pay. If need to wait until 8 - 10 years might as well buy HDB resale since already (or near) 35 years old. I mentioned condo because not eligible for single HDB in my 20s.
OP here, also, resale hdb is cheaper only based on estates and to renovate a whole unit will likely cost you a bomb. You can googled on qanvast to take a look. I would suggest you research on which area you potentially wants to move, look at both resale condo and new launch prices and decide on your budget (e.g. 900k) and how big you want your condo to be. With your budget, calculate how much is the 25% (5% must be cash) + BSD + lawyer fee you need to fork out. Draw out a monthly saving plan (must really set your mind to save). You will then be able to do some math to decide based on your saving plans + cumulative CPF contributions, roughly at which year you can save that 25% + BSD. Definitely, if u want to get it faster, you have to save more.

Nearer to that x year, starting looking out at the market to see if there is any new launch that is worth buying. New launch will be cheaper and sure save alot of your reno fee just that u have to wait till it's completion. Who knows maybe you lucky able to spot something you like and is less than your budget hence your savings on hand for sure is enough.

Another is to look at resale condo that TOP 1- 2 years back, the condition likely is still good and also can save your reno fee.
Yesterday 01:49 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
I am the guy with the 6K basic pay. If need to wait until 8 - 10 years might as well buy HDB resale since already (or near) 35 years old. I mentioned condo because not eligible for single HDB in my 20s.
Initially that's what i thought, but then, you will find a resale is never worth it at the end. A resale condo still better. I took this long because i paid for all my school fees for myself. And i didnt get a 6k at my 2 YOE mark. Imo, i feel you dont need 8 years. My friend got it at around 6th year after she graduated and working. You need to have a saving plan. It will surely work out with 6k basic pay.
Yesterday 12:15 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
yes, initially i am able to get my unit at roughly the 8th-year mark, however, because I went to spend some $$ to get a post-grad, so i got my unit at the 10th-year mark. starting pay wasn't high so i took a few years to save and also build my cpf funds.
I am the guy with the 6K basic pay. If need to wait until 8 - 10 years might as well buy HDB resale since already (or near) 35 years old. I mentioned condo because not eligible for single HDB in my 20s.
01-12-2021 01:15 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Just jumped ship a few months ago to JnJ senior QA engineer. Getting 100k pa
Wa big cannon. How many YOE?
01-12-2021 12:10 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
whao. actualy your saving is impt
yes, initially i am able to get my unit at roughly the 8th-year mark, however, because I went to spend some $$ to get a post-grad, so i got my unit at the 10th-year mark. starting pay wasn't high so i took a few years to save and also build my cpf funds.
01-12-2021 11:29 AM
Unregistered Just jumped ship a few months ago to JnJ senior QA engineer. Getting 100k pa
01-12-2021 11:25 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
2 YOE @ 6k definitely cannot let your buy car or condo la! the issue is not about 6k pay, is your cash savings and CPF not enough because you only have 2 YOE. today with 2 YOE give your 10k also may not let you buy a condo. 6k is enough to let you own a condo unit provided you have worked and saved enough to pay the 25%. because I owned my 1st 2 bedder with a 6k monthly salary
whao. actualy your saving is impt
01-12-2021 09:44 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Hitting slightly higher than the average income after 12 years is nothing to shout about lmao

I'm already at 6K after 2 YOE and it's pathetic, cannot even buy lowest end car or condo without overstretching.
2 YOE @ 6k definitely cannot let your buy car or condo la! the issue is not about 6k pay, is your cash savings and CPF not enough because you only have 2 YOE. today with 2 YOE give your 10k also may not let you buy a condo. 6k is enough to let you own a condo unit provided you have worked and saved enough to pay the 25%. because I owned my 1st 2 bedder with a 6k monthly salary
30-11-2021 10:04 PM
Unregistered Hey guys,

Does any know those big C&S consultant firms, which one offers higher salary and better career progression? Such as Surbana Jurong, Aecom, T. Y. Lin, KTP, CPG, Merinhardt, WSP, KCL, Mott Mcdonald and etc.

I'm a design engineer from SME looking to join a bigger consulting firm. 2 years experience in main con + 3 years experience in consulting firm. How much should I expect for those big firm?

Thanks.
03-11-2021 08:40 AM
Unregistered Ya digital tech and design automation with same c+s low pay who want to do. Might as well jump to tech industry earn 2-3x!

Quote:
Originally Posted by Unregistered View Post
Y1-Y4: Researcher Student= 2-4k overseas
Y5: $5k
Y6: $6k [snr engineer]
Y7: $6.5k
Y8: $7.5k
Y9: $9.5k +share option [promotion] - Associate Director
Y10: $10k+share option
Y11: $10.5k+share option
Y12: $12k+share option [promotion]
Y13: $13.5k+share option
Y14: $16.5k+share option [promotion]

A C+S engineering can be a rewarding career financially but I really have a lot of career luck and angels. Share option / company ownership is a key part of the remuneration for me. It is true about long hours, challenging tasks, high risk, stressful (when things don't work).

Unfortunately, engineering in SG is getting really bad rep with some SME paying poorly and exploiting foreign engineering talents. It is pretty depressing to read some of you are struggling with $3-5k for years with bad bosses and experience. Thought i will share my journey to add a positive data point.

The industry is changing though. There is a significant move towards digital technology and design automation - especially in the MNC and SG orgs. I have a lot of joy and pride being able to point to various buildings and tell my children that I am the designer.
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