Which Direction Will Property Prices Go ?

[Perishable]

Singapore is 80/20 where the top 20% lives in private and 80% in hdb. As more private are being built, this 20% will slowly move towards 25% but you get where I’m coming from, not everyone can afford private property.

lower or middle income will continue to struggle as cost raise, inflation is a global problem not a Singapore one

 

[page||]

The price increases from 1970 till today are a result of a booming economy. I do remember back in 1970/1980s, earning $1k per month was rather elite and even EDB scholars back then were only paid around $800 to 900 per month.

Compared to today, the salary expectations are completely different and for the prices of property to undergo such drastic changes again would require a massive boom in economy (similar to what we're seeing in silicon valley's starting salaries of 120k to 150k per annum for fresh grads).

Median monthly income is 3800 now?… or increased to 5K now?..

 

[Cryophoenix]

Median monthly income is 3800 now?… or increased to 5K now?..

Depends on sector, anywhere from 4 to 6k seems to be the norm.

https://www.salary.sg/2022/graduate-employment-survey-2021-published-2022/

 

[diminishin]

Look at the salary from ppl who works for MSD, Jnj, Amazon, Bytedance, AStar this kind. That is why the wealth between rich and poor has widen so much and China is shouting at common prosperity. If you see those ppl buying good class bungalow today, those ppl are in their 30s and working for “future industries”. Don’t need to worry too much if you are in future industries.

By the way China tech companies in Singapore they mainly hire fresh grad from China who were studying in Singapore. There are very little Singaporeans in these China big tech. In my team of over 100 only myself and another fresh grad who is truly Singaporean.

Most locals are in HR and IT support in these China big tech

 

[diminishin]

Ya, He and his frens, cousins all high flyer, all worked in Morgan Stanley, Amazon, google but end up needing a loan from parents just to buy an EC

Haha dunno real or he is just bsing.. If his cousin in those companies the sign on bonus can pay for down-payment already, don't need loan from anybody

 

[NiShiZhu]

Haha dunno real or he is just bsing.. If his cousin in those companies the sign on bonus can pay for down-payment already, don't need loan from anybody

Don’t like that say hor. All people surrounding him r high flyers and only buy GCB.

 

[wlcling]

Oke applying tech job then can buy gcb soon
Cos when hdb $2m is the standard, gcb should be $150m. ($100m profit from here)

 

[diminishin]

Don’t like that say hor. All people surrounding him r high flyers and only buy GCB.

Anyway China big tech has 0 stability. They hire aggressively but they fire also aggressively. I'm going to look for another company soon. I'm not dumb enough to take on max loan then get fired next year lol

 

[mikeeeey]

All these talk about income not increasing..

But when foodstalls increase price all kpkb

 

[Cryophoenix]

Anyway China big tech has 0 stability. They hire aggressively but they fire also aggressively. I'm going to look for another company soon. I'm not dumb enough to take on max loan then get fired next year lol

Join GovTech, CSA, IMDA. High pay and sure won't get fired.

 

[NiShiZhu]

Join GovTech, CSA, IMDA. High pay and sure won't get fired.

Bro, looks like u 混得不错

 

[Cryophoenix]

Bro, looks like u 混得不错

Average only. Nowhere as satki as some of the other "lim pehs" here.

 

[diminishin]

Join GovTech, CSA, IMDA. High pay and sure won't get fired.

I interview with Govtech 2 years back... Their offer wasn't really great and it was a contract position, not full time

 

[diminishin]

By the way, I tiagong from property agent that banks might be dropping their fixed interest rate packages due to uncertainty. "tiagong" only, not sure if it's going to happen

 

[mikeeeey]

By the way, I tiagong from property agent that banks might be dropping their fixed interest rate packages due to uncertainty. "tiagong" only, not sure if it's going to happen

got such things one meh?

 

[bujingyun82]

I interview with Govtech 2 years back... Their offer wasn't really great and it was a contract position, not full time

think can try again now if keen..

 

[Entity]

I interview with Govtech 2 years back... Their offer wasn't really great and it was a contract position, not full time

think can try again now if keen..

yup.. i recently interviewed as well, actually offer is quite decent i would say. beats normal corporate role payscales but definitely not big tech level. and also seems very far from some forumers pay scale sadly

 

[CaptainSGP]

Anyway China big tech has 0 stability. They hire aggressively but they fire also aggressively. I'm going to look for another company soon. I'm not dumb enough to take on max loan then get fired next year lol

No smart, competent person will want to work 996. They have many job opportunities available.

 

[CaptainSGP]

By the way China tech companies in Singapore they mainly hire fresh grad from China who were studying in Singapore. There are very little Singaporeans in these China big tech. In my team of over 100 only myself and another fresh grad who is truly Singaporean.

Most locals are in HR and IT support in these China big tech

Plus very hard to progress in such a team. All the good opportunities go to their own clique. In fact, will have Shanghai clique, Beijing clique etc within them

 

[diminishin]

Plus very hard to progress in such a team. All the good opportunities go to their own clique. In fact, will have Shanghai clique, Beijing clique etc within them

Yes exactly, real management is all back in China. Singapore office very hard to get into management one