rich vs. poor - high ses vs. low ses housing

[ginfreely]

You talking to a m&d Cow Bitch? Lol

So said the Loser m&d dog that ran off with tail in between its legs after being exposed a liar with no secretary to fire. LOL

 

[garlic]

That’s precisely the point the rental is still the same or even lower when Last time condo price is less than a million but now condo price easily double last time but rental still the same because there are many moron hdb sinkie landlords that are willing to rent out their million dollar condo at cheap price! And why they can afford to do that is because they have windfall from their BTO!

Cb, no wonder my D9 condo hanged there for 8 months no one renting, in the end gotta rent lower than my last tenant.

 

[ginfreely]

Cb, no wonder my D9 condo hanged there for 8 months no one renting, in the end gotta rent lower than my last tenant.

Such moron hdb sinkie landlords that priced their condo rental cheaply only benefit the tenants who are often given a bigger budget by their company to spend and now can save the difference.

 

[eatshitndie]

Cb, no wonder my D9 condo hanged there for 8 months no one renting, in the end gotta rent lower than my last tenant.

sg gov liberalized entry rules for foreign workers to flood sg, thus the boom in rental, and sinkies kpkb. sg gov tightens rules for employment pass hiring, thus the bust in rental, and sinkies also kpkb. heads sinkies kpkb, tails sinkies also kpkb. how to please sinkies? bunch of ungrateful complainers.

the lower rent is due to oversupply of available housing, as there are less foreign trash, oops talents, in sg in 2018 than previous years.
https://www.straitstimes.com/singapore/economic-lift-boosted-job-opportunities-for-locals-mom

Stricter rules for Employment Pass approval

The Manpower Ministry is adopting a stick-and-carrot approach in dealing with the issue of hiring foreign professionals.

Employers who persist in hiring them for no good reason and fail to have concrete plans to nurture their Singaporean staff will find it harder to operate and expand in Singapore.

The ministry is going to be more demanding before giving the nod for an Employment Pass (EP).

The criteria for approval will be changed to include such factors as the proportion of foreigners in a company and whether it tried to recruit Singaporeans for the job.

Also, it will examine the extent of the company's contribution to the economy and society.

Those deemed weak in all three areas will face difficulties in renewing the EPs of existing foreigners and getting new ones for fresh hires.

$1.8 billion Total bill; up 30 per cent.
1% Singapore workforce growth by 2020.
9,000 Increase in the number of Employment Pass holders last year, down from an increase of 32,000 in 2011.
100 Number of companies put on a watch list for having a weak Singaporean core and displaying a weak commitment to recruiting local PMETs.

"The curtailment of work pass privilege will have serious consequences on (the companies') continued operation and growth in Singapore," Manpower Minister Lim Swee Say said in his strongest words yet on recurring complaints that foreigners are snatching professional jobs from Singaporeans.

He said: "(It is) not because we are anti-foreigner, but because (such companies') behaviour has added to the deepening of 'local-foreign' divide in our Singapore workforce."

On the other hand, companies that develop their Singaporean workforce will find it easier to bring in foreign experts who will transfer their expertise to local professionals, managers and executives, said Mr Lim. He was speaking during the debate on his ministry's budget in Parliament yesterday.

His ministry considers only the foreigners' background, such as qualifications, experience and salaries, when assessing EP applications.

The importance of preserving a Singaporean core in the workforce was highlighted during the debate by MPs like Mr Patrick Tay (West Coast GRC), Mr Lim Biow Chuan (Mountbatten) and Mr Chong Kee Hiong (Bishan-Toa Payoh GRC).

The minister assured them building a strong Singaporean core is one of his ministry's three key priorities.

He also said employment watchdog Tripartite Alliance for Fair and Progressive Employment Practices (Tafep) will be given a bigger role to investigate and recommend to the ministry employers who should be put on a black-sheep watch list.

About 100 firms are now on it. Over half of their jobs that pay above $3,300 a month are filled by foreigners, the minister disclosed, without naming the firms or their sectors.

Mr Lim also produced numbers to correct the perception that foreigners outnumber Singaporeans in professional, managerial, executive and technical jobs. About 79 per cent of jobs with a monthly pay of more than $3,300 are held by Singaporeans, he said, revealing the proportion for the first time.

Even in the infocomm and food and beverage sectors, where the proportion of foreigners is higher, it is 37 per cent to 38 per cent, he added.

moreover, rules for employment pass approvals have becum stricter.
https://www.straitstimes.com/singapore/stricter-rules-for-employment-pass-approval

Biggest drop in foreigners working in Singapore in 15 years: Manpower Ministry

SINGAPORE - The number of foreigners working here fell by 32,000 last year, the biggest drop in 15 years, even as more locals were employed.

The fall was more than 10 times the drop of 2,500 in 2016.

This is the steepest decline in the pool of foreigners employed in Singapore since 2002, when it contracted by 43,000. That year, Singapore was facing an economic slowdown, following the United States' recession in the wake of the Sept 11 terrorist attacks in 2001.

While last year’s fall was mostly among work permit holders in the construction and marine shipyard industries, the number of Employment Pass holders also fell by 4,500 – the first decline in at least six years – according to the latest data released by the Ministry of Manpower(MOM) on Thursday (March 15).

The professional services and infocomm technology sectors were the main ones which employed fewer high-skilled foreigners. In tandem, these sectors saw a growth in local employment, noted the ministry.

Overall, 21,300 more locals were in jobs last year than in the year before. As a result, Singaporeans and permanent residents made up a slightly bigger proportion of the workforce as of December last year, at 67.2 per cent, up from 66.4 per cent a year earlier.

This brought the total number of people employed here, excluding maids, to 3,422,700 as of December.

The shift followed a tightening of foreigner hiring rules in Singapore in recent years.

The ministry said it expects local employment to continue to grow this year, as the economy is expected to expand between 1.5 per cent and 3.5 per cent. But the opportunities will likely be uneven across sectors, with more hiring in sectors such as manufacturing, infocomms and media, logistics and wholesale trade.

Locals also fared better last year in terms of lower unemployment rates and layoffs, while incomes for Singaporeans also rose, both at the median and 20th percentile levels.

Trends shown in the official full-year data released on Thursday largely confirmed the preliminary data released in January.

Overall, the seasonally adjusted unemployment rate last December improved from the previous year, to 2.1 per cent, down from 2.2 per cent.

For Singaporeans, it improved to 3 per cent, down from 3.4 per cent, while for Singaporeans and permanent residents combined, it also fell to 3 per cent from 3.2 per cent.

 

[eatshitndie]

That’s precisely the point the rental is still the same or even lower when Last time condo price is less than a million but now condo price easily double last time but rental still the same because there are many moron hdb sinkie landlords that are willing to rent out their million dollar condo at cheap price! And why they can afford to do that is because they have windfall from their BTO!

it's an oversupply situation as employment pass approvals are harder to cum by and gov tightens rules on hiring of foreign workers. otherwise, rental market is highly dependent on numbers of foreign trash, oops talent, flooding into sg. luckily my family sold their relatively new condo at bedok reservoir at a profit (thanks to my advice) after renting it out for the past 6.9 years to angmo foreigners at high ses price. the highly qualified current angmo tenant couldn't renew his ep for another year, i smell something fishy, and i told them to quickly sell if the price was right (and 6.9 months before gov enacted tighter rules and higher absd rates for foreign buyers and locals buying 2nd properties). it's a 99-year lease condo. chance favors the prepared mind. always be on the lookout for policy changes and market trends and conditions due to policy changes. never forget that.

 

[Bad New Brown]

You are caught with solid evidence and yet blatantly denying the truth when those sale and rental transactions with all the details are staring at you. That’s how shameless you ccb Malaysian Son of Pahang whore is.

My friends had tenancy agreement to proved they rented out for $2,200 a month for 2 bedrooms condo at Lake District.

Can you show any tenancy agreements?

To the person using the nick of ginfreely.

FUCK YOUR MOTHER LAO CB

 

[winnipegjets]

it's an oversupply situation as employment pass approvals are harder to cum by and gov tightens rules on hiring of foreign workers. otherwise, rental market is highly dependent on numbers of foreign trash, oops talent, flooding into sg. luckily my family sold their relatively new condo at bedok reservoir at a profit (thanks to my advice) after renting it out for the past 6.9 years to angmo foreigners at high ses price. the highly qualified current angmo tenant couldn't renew his ep for another year, i smell something fishy, and i told them to quickly sell if the price was right (and 6.9 months before gov enacted tighter rules and higher absd rates for foreign buyers and locals buying 2nd properties). it's a 99-year lease condo. chance favors the prepared mind. always be on the lookout for policy changes and market trends and conditions due to policy changes. never forget that.

69 and variants of that number seems to bring you good fortune all the time. Do you have 6.9 children too?

 

[winnipegjets]

sg gov liberalized entry rules for foreign workers to flood sg, thus the boom in rental, and sinkies kpkb. sg gov tightens rules for employment pass hiring, thus the bust in rental, and sinkies also kpkb. heads sinkies kpkb, tails sinkies also kpkb. how to please sinkies? bunch of ungrateful complainers.

the lower rent is due to oversupply of available housing, as there are less foreign trash, oops talents, in sg in 2018 than previous years.
https://www.straitstimes.com/singapore/economic-lift-boosted-job-opportunities-for-locals-mom

Stricter rules for Employment Pass approval

The Manpower Ministry is adopting a stick-and-carrot approach in dealing with the issue of hiring foreign professionals.

Employers who persist in hiring them for no good reason and fail to have concrete plans to nurture their Singaporean staff will find it harder to operate and expand in Singapore.

The ministry is going to be more demanding before giving the nod for an Employment Pass (EP).

The criteria for approval will be changed to include such factors as the proportion of foreigners in a company and whether it tried to recruit Singaporeans for the job.

Also, it will examine the extent of the company's contribution to the economy and society.

Those deemed weak in all three areas will face difficulties in renewing the EPs of existing foreigners and getting new ones for fresh hires.

$1.8 billion Total bill; up 30 per cent.
1% Singapore workforce growth by 2020.
9,000 Increase in the number of Employment Pass holders last year, down from an increase of 32,000 in 2011.
100 Number of companies put on a watch list for having a weak Singaporean core and displaying a weak commitment to recruiting local PMETs.

"The curtailment of work pass privilege will have serious consequences on (the companies') continued operation and growth in Singapore," Manpower Minister Lim Swee Say said in his strongest words yet on recurring complaints that foreigners are snatching professional jobs from Singaporeans.

He said: "(It is) not because we are anti-foreigner, but because (such companies') behaviour has added to the deepening of 'local-foreign' divide in our Singapore workforce."

On the other hand, companies that develop their Singaporean workforce will find it easier to bring in foreign experts who will transfer their expertise to local professionals, managers and executives, said Mr Lim. He was speaking during the debate on his ministry's budget in Parliament yesterday.

His ministry considers only the foreigners' background, such as qualifications, experience and salaries, when assessing EP applications.

The importance of preserving a Singaporean core in the workforce was highlighted during the debate by MPs like Mr Patrick Tay (West Coast GRC), Mr Lim Biow Chuan (Mountbatten) and Mr Chong Kee Hiong (Bishan-Toa Payoh GRC).

The minister assured them building a strong Singaporean core is one of his ministry's three key priorities.

He also said employment watchdog Tripartite Alliance for Fair and Progressive Employment Practices (Tafep) will be given a bigger role to investigate and recommend to the ministry employers who should be put on a black-sheep watch list.

About 100 firms are now on it. Over half of their jobs that pay above $3,300 a month are filled by foreigners, the minister disclosed, without naming the firms or their sectors.

Mr Lim also produced numbers to correct the perception that foreigners outnumber Singaporeans in professional, managerial, executive and technical jobs. About 79 per cent of jobs with a monthly pay of more than $3,300 are held by Singaporeans, he said, revealing the proportion for the first time.

Even in the infocomm and food and beverage sectors, where the proportion of foreigners is higher, it is 37 per cent to 38 per cent, he added.

moreover, rules for employment pass approvals have becum stricter.
https://www.straitstimes.com/singapore/stricter-rules-for-employment-pass-approval

Biggest drop in foreigners working in Singapore in 15 years: Manpower Ministry

SINGAPORE - The number of foreigners working here fell by 32,000 last year, the biggest drop in 15 years, even as more locals were employed.

The fall was more than 10 times the drop of 2,500 in 2016.

This is the steepest decline in the pool of foreigners employed in Singapore since 2002, when it contracted by 43,000. That year, Singapore was facing an economic slowdown, following the United States' recession in the wake of the Sept 11 terrorist attacks in 2001.

While last year’s fall was mostly among work permit holders in the construction and marine shipyard industries, the number of Employment Pass holders also fell by 4,500 – the first decline in at least six years – according to the latest data released by the Ministry of Manpower(MOM) on Thursday (March 15).

The professional services and infocomm technology sectors were the main ones which employed fewer high-skilled foreigners. In tandem, these sectors saw a growth in local employment, noted the ministry.

Overall, 21,300 more locals were in jobs last year than in the year before. As a result, Singaporeans and permanent residents made up a slightly bigger proportion of the workforce as of December last year, at 67.2 per cent, up from 66.4 per cent a year earlier.

This brought the total number of people employed here, excluding maids, to 3,422,700 as of December.

The shift followed a tightening of foreigner hiring rules in Singapore in recent years.

The ministry said it expects local employment to continue to grow this year, as the economy is expected to expand between 1.5 per cent and 3.5 per cent. But the opportunities will likely be uneven across sectors, with more hiring in sectors such as manufacturing, infocomms and media, logistics and wholesale trade.

Locals also fared better last year in terms of lower unemployment rates and layoffs, while incomes for Singaporeans also rose, both at the median and 20th percentile levels.

Trends shown in the official full-year data released on Thursday largely confirmed the preliminary data released in January.

Overall, the seasonally adjusted unemployment rate last December improved from the previous year, to 2.1 per cent, down from 2.2 per cent.

For Singaporeans, it improved to 3 per cent, down from 3.4 per cent, while for Singaporeans and permanent residents combined, it also fell to 3 per cent from 3.2 per cent.

Out of 3.4 million employed here (excluding maids), 32 percent are foreigners - that is more than 1 million of them!

That hiring of sinkees improved after the tightening shows that the PAP policy of importing foreign PMET was wrong in the first place.

The drop in foreign PMET is insignificant, just 4,500! Tossing all the foreigners in DBS out would easily exceed that number.

Sinkees need to do more to get rid of the foreign PMET so that good paying jobs go back to sinkees.

 

[garlic]

sg gov liberalized entry rules for foreign workers to flood sg, thus the boom in rental, and sinkies kpkb. sg gov tightens rules for employment pass hiring, thus the bust in rental, and sinkies also kpkb. heads sinkies kpkb, tails sinkies also kpkb. how to please sinkies? bunch of ungrateful complainers.

the lower rent is due to oversupply of available housing, as there are less foreign trash, oops talents, in sg in 2018 than previous years.
https://www.straitstimes.com/singapore/economic-lift-boosted-job-opportunities-for-locals-mom

Stricter rules for Employment Pass approval

The Manpower Ministry is adopting a stick-and-carrot approach in dealing with the issue of hiring foreign professionals.

Employers who persist in hiring them for no good reason and fail to have concrete plans to nurture their Singaporean staff will find it harder to operate and expand in Singapore.

The ministry is going to be more demanding before giving the nod for an Employment Pass (EP).

The criteria for approval will be changed to include such factors as the proportion of foreigners in a company and whether it tried to recruit Singaporeans for the job.

Also, it will examine the extent of the company's contribution to the economy and society.

Those deemed weak in all three areas will face difficulties in renewing the EPs of existing foreigners and getting new ones for fresh hires.

$1.8 billion Total bill; up 30 per cent.
1% Singapore workforce growth by 2020.
9,000 Increase in the number of Employment Pass holders last year, down from an increase of 32,000 in 2011.
100 Number of companies put on a watch list for having a weak Singaporean core and displaying a weak commitment to recruiting local PMETs.

"The curtailment of work pass privilege will have serious consequences on (the companies') continued operation and growth in Singapore," Manpower Minister Lim Swee Say said in his strongest words yet on recurring complaints that foreigners are snatching professional jobs from Singaporeans.

He said: "(It is) not because we are anti-foreigner, but because (such companies') behaviour has added to the deepening of 'local-foreign' divide in our Singapore workforce."

On the other hand, companies that develop their Singaporean workforce will find it easier to bring in foreign experts who will transfer their expertise to local professionals, managers and executives, said Mr Lim. He was speaking during the debate on his ministry's budget in Parliament yesterday.

His ministry considers only the foreigners' background, such as qualifications, experience and salaries, when assessing EP applications.

The importance of preserving a Singaporean core in the workforce was highlighted during the debate by MPs like Mr Patrick Tay (West Coast GRC), Mr Lim Biow Chuan (Mountbatten) and Mr Chong Kee Hiong (Bishan-Toa Payoh GRC).

The minister assured them building a strong Singaporean core is one of his ministry's three key priorities.

He also said employment watchdog Tripartite Alliance for Fair and Progressive Employment Practices (Tafep) will be given a bigger role to investigate and recommend to the ministry employers who should be put on a black-sheep watch list.

About 100 firms are now on it. Over half of their jobs that pay above $3,300 a month are filled by foreigners, the minister disclosed, without naming the firms or their sectors.

Mr Lim also produced numbers to correct the perception that foreigners outnumber Singaporeans in professional, managerial, executive and technical jobs. About 79 per cent of jobs with a monthly pay of more than $3,300 are held by Singaporeans, he said, revealing the proportion for the first time.

Even in the infocomm and food and beverage sectors, where the proportion of foreigners is higher, it is 37 per cent to 38 per cent, he added.

moreover, rules for employment pass approvals have becum stricter.
https://www.straitstimes.com/singapore/stricter-rules-for-employment-pass-approval

Biggest drop in foreigners working in Singapore in 15 years: Manpower Ministry

SINGAPORE - The number of foreigners working here fell by 32,000 last year, the biggest drop in 15 years, even as more locals were employed.

The fall was more than 10 times the drop of 2,500 in 2016.

This is the steepest decline in the pool of foreigners employed in Singapore since 2002, when it contracted by 43,000. That year, Singapore was facing an economic slowdown, following the United States' recession in the wake of the Sept 11 terrorist attacks in 2001.

While last year’s fall was mostly among work permit holders in the construction and marine shipyard industries, the number of Employment Pass holders also fell by 4,500 – the first decline in at least six years – according to the latest data released by the Ministry of Manpower(MOM) on Thursday (March 15).

The professional services and infocomm technology sectors were the main ones which employed fewer high-skilled foreigners. In tandem, these sectors saw a growth in local employment, noted the ministry.

Overall, 21,300 more locals were in jobs last year than in the year before. As a result, Singaporeans and permanent residents made up a slightly bigger proportion of the workforce as of December last year, at 67.2 per cent, up from 66.4 per cent a year earlier.

This brought the total number of people employed here, excluding maids, to 3,422,700 as of December.

The shift followed a tightening of foreigner hiring rules in Singapore in recent years.

The ministry said it expects local employment to continue to grow this year, as the economy is expected to expand between 1.5 per cent and 3.5 per cent. But the opportunities will likely be uneven across sectors, with more hiring in sectors such as manufacturing, infocomms and media, logistics and wholesale trade.

Locals also fared better last year in terms of lower unemployment rates and layoffs, while incomes for Singaporeans also rose, both at the median and 20th percentile levels.

Trends shown in the official full-year data released on Thursday largely confirmed the preliminary data released in January.

Overall, the seasonally adjusted unemployment rate last December improved from the previous year, to 2.1 per cent, down from 2.2 per cent.

For Singaporeans, it improved to 3 per cent, down from 3.4 per cent, while for Singaporeans and permanent residents combined, it also fell to 3 per cent from 3.2 per cent.

sian... but bo pian..

 

[Hypocrite-The]

Out of 3.4 million employed here (excluding maids), 32 percent are foreigners - that is more than 1 million of them!

That hiring of sinkees improved after the tightening shows that the PAP policy of importing foreign PMET was wrong in the first place.

The drop in foreign PMET is insignificant, just 4,500! Tossing all the foreigners in DBS out would easily exceed that number.

Sinkees need to do more to get rid of the foreign PMET so that good paying jobs go back to sinkees.

Have to admit,,the resident left wing bleeding heart liberal fuck wit has a point...how hard is it to get EP or for foreigners to enter and compete directly with singkies? is it new ones harder to get application? or has exisiting ones been turned back? How many foreigners (including PR) have returned to their countries? How many foreigners are given singkie citizenship? how many new PRS and EPs have been granted?

 

[Robert Half]

@AhMeng so busy mobilising your 100 clones from @Bad New Brown to this one to spread fake news but too bad there are sale and rent transactions to debunk your fake news.

老 gin, you are a liar & you are the one spreading fake news in this forum.

I believe in what Bad New Brown said is accurate & he showed the truth of how the rental markets is in current market situation.

 

[Robert Half]

Such moron hdb sinkie landlords that priced their condo rental cheaply only benefit the tenants who are often given a bigger budget by their company to spend and now can save the difference.

Landlords can decide how much rental is acceptable to them. For example, the internet rental price maybe published at $2,800 a month for a 2-room bedroom apartment. But the landlords can accept $2,200 a month after a long wait for potential tenants.

$2,200 a month to the landlords is also a good cash inflow, better nothing.

In current economic situation, no tenants is so silly to pay $2,800 rental a month for a 2-bedrooms condo apartment.

My company foreign expats housing allowance is only a mere $2,000 a month & if they rent say $2,800 a month. They have to pay another $800 out of their own pockets.

老 gin, you are very dishonest.

你最好 ... 好好做人。

 

[zeebjii]

sg gov liberalized entry rules for foreign workers to flood sg, thus the boom in rental, and sinkies kpkb. sg gov tightens rules for employment pass hiring, thus the bust in rental, and sinkies also kpkb. heads sinkies kpkb, tails sinkies also kpkb. how to please sinkies? bunch of ungrateful complainers.

the lower rent is due to oversupply of available housing, as there are less foreign trash, oops talents, in sg in 2018 than previous years.
https://www.straitstimes.com/singapore/economic-lift-boosted-job-opportunities-for-locals-mom

Stricter rules for Employment Pass approval

The Manpower Ministry is adopting a stick-and-carrot approach in dealing with the issue of hiring foreign professionals.

Employers who persist in hiring them for no good reason and fail to have concrete plans to nurture their Singaporean staff will find it harder to operate and expand in Singapore.

The ministry is going to be more demanding before giving the nod for an Employment Pass (EP).

The criteria for approval will be changed to include such factors as the proportion of foreigners in a company and whether it tried to recruit Singaporeans for the job.

Also, it will examine the extent of the company's contribution to the economy and society.

Those deemed weak in all three areas will face difficulties in renewing the EPs of existing foreigners and getting new ones for fresh hires.

$1.8 billion Total bill; up 30 per cent.
1% Singapore workforce growth by 2020.
9,000 Increase in the number of Employment Pass holders last year, down from an increase of 32,000 in 2011.
100 Number of companies put on a watch list for having a weak Singaporean core and displaying a weak commitment to recruiting local PMETs.

"The curtailment of work pass privilege will have serious consequences on (the companies') continued operation and growth in Singapore," Manpower Minister Lim Swee Say said in his strongest words yet on recurring complaints that foreigners are snatching professional jobs from Singaporeans.

He said: "(It is) not because we are anti-foreigner, but because (such companies') behaviour has added to the deepening of 'local-foreign' divide in our Singapore workforce."

On the other hand, companies that develop their Singaporean workforce will find it easier to bring in foreign experts who will transfer their expertise to local professionals, managers and executives, said Mr Lim. He was speaking during the debate on his ministry's budget in Parliament yesterday.

His ministry considers only the foreigners' background, such as qualifications, experience and salaries, when assessing EP applications.

The importance of preserving a Singaporean core in the workforce was highlighted during the debate by MPs like Mr Patrick Tay (West Coast GRC), Mr Lim Biow Chuan (Mountbatten) and Mr Chong Kee Hiong (Bishan-Toa Payoh GRC).

The minister assured them building a strong Singaporean core is one of his ministry's three key priorities.

He also said employment watchdog Tripartite Alliance for Fair and Progressive Employment Practices (Tafep) will be given a bigger role to investigate and recommend to the ministry employers who should be put on a black-sheep watch list.

About 100 firms are now on it. Over half of their jobs that pay above $3,300 a month are filled by foreigners, the minister disclosed, without naming the firms or their sectors.

Mr Lim also produced numbers to correct the perception that foreigners outnumber Singaporeans in professional, managerial, executive and technical jobs. About 79 per cent of jobs with a monthly pay of more than $3,300 are held by Singaporeans, he said, revealing the proportion for the first time.

Even in the infocomm and food and beverage sectors, where the proportion of foreigners is higher, it is 37 per cent to 38 per cent, he added.

moreover, rules for employment pass approvals have becum stricter.
https://www.straitstimes.com/singapore/stricter-rules-for-employment-pass-approval

Biggest drop in foreigners working in Singapore in 15 years: Manpower Ministry

SINGAPORE - The number of foreigners working here fell by 32,000 last year, the biggest drop in 15 years, even as more locals were employed.

The fall was more than 10 times the drop of 2,500 in 2016.

This is the steepest decline in the pool of foreigners employed in Singapore since 2002, when it contracted by 43,000. That year, Singapore was facing an economic slowdown, following the United States' recession in the wake of the Sept 11 terrorist attacks in 2001.

While last year’s fall was mostly among work permit holders in the construction and marine shipyard industries, the number of Employment Pass holders also fell by 4,500 – the first decline in at least six years – according to the latest data released by the Ministry of Manpower(MOM) on Thursday (March 15).

The professional services and infocomm technology sectors were the main ones which employed fewer high-skilled foreigners. In tandem, these sectors saw a growth in local employment, noted the ministry.

Overall, 21,300 more locals were in jobs last year than in the year before. As a result, Singaporeans and permanent residents made up a slightly bigger proportion of the workforce as of December last year, at 67.2 per cent, up from 66.4 per cent a year earlier.

This brought the total number of people employed here, excluding maids, to 3,422,700 as of December.

The shift followed a tightening of foreigner hiring rules in Singapore in recent years.

The ministry said it expects local employment to continue to grow this year, as the economy is expected to expand between 1.5 per cent and 3.5 per cent. But the opportunities will likely be uneven across sectors, with more hiring in sectors such as manufacturing, infocomms and media, logistics and wholesale trade.

Locals also fared better last year in terms of lower unemployment rates and layoffs, while incomes for Singaporeans also rose, both at the median and 20th percentile levels.

Trends shown in the official full-year data released on Thursday largely confirmed the preliminary data released in January.

Overall, the seasonally adjusted unemployment rate last December improved from the previous year, to 2.1 per cent, down from 2.2 per cent.

For Singaporeans, it improved to 3 per cent, down from 3.4 per cent, while for Singaporeans and permanent residents combined, it also fell to 3 per cent from 3.2 per cent.

I distrust govt stats. My own eyes tell me there are more and more indian FTs in my workplace area at one-north. CECA is a cancer that will kill us slowly but surely.

 

[eatshitndie]

I distrust govt stats. My own eyes tell me there are more and more indian FTs in my workplace area at one-north. CECA is a cancer that will kill us slowly but surely.

any dealing with shitdia is suicidal. anyone treasuring health and longevity will never do that.

 

[Bad New Brown]

老 gin, you are a liar & you are the one spreading fake news in this forum.

I believe in what Bad New Brown said is accurate & he showed the truth of how the rental markets is in current market situation.

Thanks my friend, I think that this person using the nick of ginfreely is an inexperienced ugly old man.

He is a troublemaker in his previous workplace that why he lost his job. He knew nothing about property and you can see he is not a grounded person.

I doubt he worked financial controlling job previously but more like a nightclub worker

 

[Robert Half]

Thanks my friend, I think that this person using the nick of ginfreely is an inexperienced ugly old man.

He is a troublemaker in his previous workplace that why he lost his job. He knew nothing about property and you can see he is not a grounded person.

I doubt he worked financial controlling job previously but more like a nightclub worker

Bro Brown, I also realized that 老gin always replied her postings after midnight. He very seldom reply here during the day times. That he sleep on the day and active on the night.

I have every reason to believe that 老gin is an ugly old man & a nightclub worker

 

[eatshitndie]

Bro Brown, I also realized that 老gin always replied her postings after midnight. He very seldom reply here during the day times. That he sleep on the day and active on the night.

I have every reason to believe that 老gin is an ugly old man & a nightclub worker

i have retired as jaga doing the midnight shift. the job has been handed over to auntie ginni the ravishing virgin beauty.

 

[Robert Half]

i have retired as jaga doing the midnight shift. the job has been handed over to auntie ginni the ravishing virgin beauty.

Oh no wonder this 老 CB is sleeping now

 

[ginfreely]

My friends had tenancy agreement to proved they rented out for $2,200 a month for 2 bedrooms condo at Lake District.

Can you show any tenancy agreements?

To the person using the nick of ginfreely.

FUCK YOUR MOTHER LAO CB

Come on Singapore is not Malaysia with fake news. All those are URA records based on tenancy agreements, you are slandering URA and don’t be a coward Son of Pahang whore hiding behind a computer to do that. Go give your name to URA and tell them their records are not true - based on your hot air ccb Malaysian mouth - and demand URA to show you the tenancy agreements for proof.

 

[ginfreely]

it's an oversupply situation as employment pass approvals are harder to cum by and gov tightens rules on hiring of foreign workers. otherwise, rental market is highly dependent on numbers of foreign trash, oops talent, flooding into sg. luckily my family sold their relatively new condo at bedok reservoir at a profit (thanks to my advice) after renting it out for the past 6.9 years to angmo foreigners at high ses price. the highly qualified current angmo tenant couldn't renew his ep for another year, i smell something fishy, and i told them to quickly sell if the price was right (and 6.9 months before gov enacted tighter rules and higher absd rates for foreign buyers and locals buying 2nd properties). it's a 99-year lease condo. chance favors the prepared mind. always be on the lookout for policy changes and market trends and conditions due to policy changes. never forget that.

Your no angmoh expat situation applies to Low ses Bedok reservoir with little industries nearby. Not to the West with plenty of industries like Google set up new office there. The problem is too many new condos with moron hdb sinkie landlord kiasu mindset.