Two documents were updated for 2011 benchmark. One from Morgan Mckinley, and the other from Kelly. Apparently, my current company’s compensation is fair.
Singapore Salary Guide 2011
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Tag Archives: singapore
ZT: Patriotic to own a Beemer
Original post is from SG Blue Chip
One of my classmates bought a BMW recently. I know she earns about $10,000 a month and technically speaking, she is buying a car that cost roughly twice her annual salary. There is nothing wrong to enjoy the finer things in life though it means she is also patriotic as well.
Why patriotic?
ZT: Property Bubble?
Originally from Singapore Blue Chips. I like this kind of fact-based analysis.
It’s quite worrying when almost everyone I know starts buying property for investments. Table 1 shows the pipeline of project due, extracted from URA.
We are expecting 2,000 odd units to be completed by end of 2010. Supply will still be low in the region of 6,000 completed units in 2011. However, in 2012 there will almost be a 50% increase to 9,000 odd units, followed by a YOY 100% increase of completed units in 2013.
STI ETF returns equivalent or better than most unit trusts
The most recommended Singapore unit trust is Aberdeen Singapore Equity, which returns 10.1% combo-rate over 10 years. This sounds good as compared to STI’s 7%. However, the catch is unit trust does not consider the dividends distributed by STI ETF, so if added 3%-4% dividends payout, STI-ETF also returns 10%.
In this case, it would be much simpler to just invest into STI ETF and enjoy 10% increment over 10 year to 20 years time frame. The important note for STI ETF investment is the starting point, you must begin from a uptrend of low start such as market crash to enjoy to high payout. In current market, a good start is when STI drops to 2500 or lower.
Singapore HDB Index since 1994
The chart was created by HDB showing the price index since 1994. I bought at the right time. Thanks to LP.
My comments on Singapore Property Market Now
Below is what I shared with some friends in a property investment program. It is purely personal opinion and recorded here as my reference in next 12 months.
If you look at current global economy. After the Euro crisis (just beginning), the Europe government start to take more conservative money policy to reduce its government debt, and German has been emphasizing it the second time. From my point of view, we are moving to an period where money will not be easier available, and the interests rate will hike after Australia etc. India increased its interest rates as well. Continue reading
Subletting whole HDB flat
Once the owner has stayed in the HDB flat for minimum period, it is allowed to sublett whole HDB flat and live in the private property. In my case, where the HDB was purchased from open market without CPF grant, the minimum occupation period is 3 years and we have met the requirement.
The information is official from HDB website FAQ (under Living HDB Plats –> Purchasing Private Property).
ZT: Under-employment among older PMETs is seeing an uptrend in Singapore
From: Create Wealth Through Stocks Trading.
Singapore’s labour movement said tackling the issue of under-employed workers will be a big challenge in the coming year.
puzzlebird: I have exactly the same observation in my company, and will foresee this in my future maybe 8-10 years later. That’s the fact in life, and the only way to work with it is to prepare ourselves with a stable extra cash in-flow.
ZT: A visit to Dakota Residences
Original post from: Singapore Blue Chips. Why is it not a good time to buy property now? Take a look
I visited Dakota Residences over the weekend. There was no crowd, just a couple of families looking at the showflat and the architectural model. Currently Dakota has fully sold its 2 bedroom apartments and are left with few units of 3 bedroom apartments. 4 bedroom apartments are still plentiful as there are little takers.
ZT: View from a prudent home buyer
Original post is from Tan Kin Lian’s Blog.
Dear Mr Tan,
Thank you for giving advise to the public and in a selfless manner. I fully agreed with you.
In fact, I had been visiting show flats since Lehman Brother collapse and also talking to banks to survey the ground. My conclusion is, it’s scary and if you are not careful, you will get into trouble when things go wrong. Let me explain further, my wife and me are in our 40s, consider to be middle income, all the banks encouraged us to take a loan of around $2M and up to 70 years old.