Hahaha...and it is working class. Not business class.
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Economic News
- Thread starter FHBH12
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Hahaha...and it is working class. Not business class.
Yah the owners of those houses I went to see, definitely different class of people.
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Yes not everyone wants to stay in a big big house. My Singapore property is near to City centre and its a pigeon hole. For the same price I can get a BANGLO in East Ledang with pool to relax.
Singapores are mostly lucky to be staying in HDBs which are heavily subsidied. And the small size makes it so easy to do cleaning. I have to employ 5 chaps to do spring cleaning for my blango in Malaysia but for my HDB flats, I myself spend 5 hours to do it.
Singapores are mostly lucky to be staying in HDBs which are heavily subsidied. And the small size makes it so easy to do cleaning. I have to employ 5 chaps to do spring cleaning for my blango in Malaysia but for my HDB flats, I myself spend 5 hours to do it.
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Inspectors in Malaysia are one of the richest over there.
Basic Salary: RM 3000 a month
Commission: RM 30,000 a month
Basic Salary: RM 3000 a month
Commission: RM 30,000 a month
Actually inspector is not ordinary mata kia liao, so many chasing a good decent jobs actually is reasonable. How much mata inspector make in sg? Inspector is how many fish bone on shoulder?
Not everyone want to stay in big big house. Ask u la, u can only choose one after u fully retire, big banglo in east ledang vs pigeon hole near city centre, which one would u choose?
Actually all these are Malays, patrotic and looking for secure job. But Malaysian Chinese mostly go for business. Even they start as wage earner, it is in their blood to start business later in life. Earning RM30k per month is not that difficult. It all depend on you want easy or hard life.
I stay big house now. But I can see when I get old at 65, mid size condo will do. That why I just bought a 1389 sq ft unit. When too old, very hard to buy then. So start planning when you are still able.
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So you were surprised.
And that was the median household income, many are also getting much lesser.
You'll be more surprised to know that the min. wage was just RAISED to RM1,000 this year.
You probably imagine with this pay, you can't even afford to pay for just transportation and food in SG!
But in MY, they can raised a family with it.
So now you finally realized that most of the new condos and higher end properties were targeted at.
With the various restrictions imposed on foreigners on resale and given the low demand from locals such properties, demands from resale should not be a surprise anymore.
The new condos are targeted at foreigners, Singaporeans and Johoreans who earn SGD.
How do you know when you are old the kids and grandchildren won't move back?
No plans for them to move back. That's why I am going to let go of my landed when I hit 65. Too big to clean up.
They are already co owners of their own units.
Singaporeans are lucky only up to a certain period of time. Usually those who bought their flats before 2005 are "lucky". I think after that, Lee Hsien Loong became greedy and went berserk. Can tell his PAP party looked upon HDB flats as a profit generating housing instead of affordable housing for the masses. They also admitted too many new immigrants without ensuring the infrastructure can cope. That's why many of the flat prices today all shot up beyond the means of the commoners.
I prefer a smaller but still cozy home. I find I can still relax well regardless of the size. For big houses, the cleaning and maintenance kills. I find life is too short to be bothered with such stuffs. Moreover, big homes usually mean we buy more paintings to put up on the wall, antiques, vases, bigger TV, longer sofa... otherwise nothing special. There is a tendency to also hoard lots of rubbish or things we don't need at home!
I prefer a smaller but still cozy home. I find I can still relax well regardless of the size. For big houses, the cleaning and maintenance kills. I find life is too short to be bothered with such stuffs. Moreover, big homes usually mean we buy more paintings to put up on the wall, antiques, vases, bigger TV, longer sofa... otherwise nothing special. There is a tendency to also hoard lots of rubbish or things we don't need at home!
Yes, only now I realize..... a bit surprised actually. Never knew the housing that Johor commoners buy are so much cheaper than the new condos and "higher end" properties released in the past few years.
Yes, low cost housing (size of a 3rm flat in SG) are only about RM40,000 and for average middle income families, above RM250K are considered expensive already.
Actually, in MY, any developer who develop a large private housing estate are requited to allocate portion of the land for low cost housing to assist those low income home buyer.
But we don't see any of the Chinese developers and many in the Iskandar zone doing this, maybe they enjoy "special privileged".
I stay big house now. But I can see when I get old at 65, mid size condo will do. That why I just bought a 1389 sq ft unit. When too old, very hard to buy then. So start planning when you are still able.[/QUOTE]
1389sqft is MID Size??? 
1389sqft is MID Size??? 1389sqft is MID Size??? [/QUOTE]Cannot afford big one la...have mercy. Malaysians r a poor lot.
So when you get in, you used too much singapore advance experience? Coz i always feel weird that singaporean investors buy at such high price and want to rent to local. bcoz they feel it is 'cheap', so it extend the feelings to other poor local and think they able to afford too. From the moment they bought it, it is not meant for renting. I believe the last bull run was highly aid by improved traffic promises like hsr or rts will deliver very soon. Coz this will deliver another big group of real users that willing to commute daily.
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I must be pathetic and also unlucky then. I bought my HDB before 2005, but if I sell now based on the average selling price data from past transactions, what I have to return back to CPF is more than then sales proceeds which means I get nothing from selling the HDB. My CPF will look nice...but that is of no use at all.
We have to agree that both SG and JB provided certain ample opportunities for people from both sides.
Middle income Singaporean families can afford to buy big landed properties in JB whereby landed in SG is out of reach.
Middle income Johoreans family who work in SG can afford to buy big landed properties in JB whereby if they stay on to work in JB, they may have to make do with low cost housing.
Middle income Singaporean families can afford to buy big landed properties in JB whereby landed in SG is out of reach.
Middle income Johoreans family who work in SG can afford to buy big landed properties in JB whereby if they stay on to work in JB, they may have to make do with low cost housing.
Actually Frodo, it(CPF) might not be of any immediate use/help to u/family at all right now. But it's a fact longevity is increasing.
And cost of living will only go up. So come 65 those monthly payouts will come in handy thou it's easily decades later to bear fruit.
In meantime, those locked up funds will generate decent up to 5% interest pa. Compounded, it can be a decent Retirement Nest egg.
See it as another source of forced savings to give u additional passive income come old age to enjoy your Twilight years.
In meantime eat well & stay active. No health nothing else matters.
You bought before 2005. So you're lucky! (By my definition). I dare say those who bought their HDB flats then, no matter how jialat, even if you sell now, it is impossible or extremely unlikely you will lose money. You're looking at a 6-figure sum profit.
You've been collecting rental for some time now. That is already money in your pocket. And work out the sums properly. I doubt you will have zero left even if you have to put it back into your CPF.
And remember, although you return money back to your CPF, it is still your money. No choice as the SG government wants everyone to be self-sufficient.
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