Singapore Expats Forum

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by skipper
Wed, 12 Jul 2017 6:43 pm
Forum: Cars & Motorcycles
Topic: Renew COE or buy new car
Replies: 37
Views: 7782

Re: Renew COE or buy new car

I'm the OP and a bit "ashamed" to say that even after doing the sums, we did otherwise and bought a new car (new model). But I guess the system will stay like this -- the govt can't afford to do away with this revenue stream. http://www.asiaone.com/singapore/s92b-come-car-taxes-and-coe-pre...
by skipper
Wed, 11 Jan 2017 2:26 pm
Forum: Cars & Motorcycles
Topic: Renew COE or buy new car
Replies: 37
Views: 7782

Re: Renew COE or buy new car

I think so. I am not sure if PARF rebate is a declining value or fixed at 60% of original Parf. Yes, declining from 75% for < 5 years then 5% every year until 50% for < 10 years. Then drops to zero at 10 years. I now need to consult with my CFO (my wife -- she's actually a finance professional)..
by skipper
Wed, 11 Jan 2017 1:21 pm
Forum: Cars & Motorcycles
Topic: Renew COE or buy new car
Replies: 37
Views: 7782

Re: Renew COE or buy new car

Top case looks correct. Bottom case should include the residual value after 8 years (paper value) as a credit. i.e. (total paid [trade plus loan payments] less paper value) divided by the number of months used. ((73k + (1413 x 8 x 12)) - Paper Value in 2025) / 8 x 12 Residual value should be the 60...
by skipper
Wed, 11 Jan 2017 1:00 pm
Forum: Cars & Motorcycles
Topic: Renew COE or buy new car
Replies: 37
Views: 7782

Re: Renew COE or buy new car

Lost PARF ($18.5K) + 5 year COE ($25K) = $43.5K Est. maintenance (8x yearly servicing, new wheels, 2x new batteries, etc) = $10K Total $53.5K / (5 years x 12 mos.) = $892/month Replacement C180 now at $185K. Loan amount is $111K (60%), balance of $73K from sale/trade-in of current C180 (best case), ...
by skipper
Tue, 10 Jan 2017 2:48 pm
Forum: Cars & Motorcycles
Topic: Renew COE or buy new car
Replies: 37
Views: 7782

Renew COE or buy new car

My C180 will be 7 years old soon and mileage is just 49K km. Car loan is fully paid. This will be the longest that we've kept a car. My practical side is saying just keep the car for 3 more years and renew the COE for another 5 years. Downside, of course, will be the condition and maintenance cost o...
by skipper
Thu, 09 Jun 2016 5:54 pm
Forum: Strictly Speaking
Topic: Teenage Son Considering PR
Replies: 41
Views: 10134

Re: Teenage Son Considering PR

By the way, we are submitting his PR application tomorrow. Fingers crossed..
by skipper
Thu, 09 Jun 2016 5:53 pm
Forum: Strictly Speaking
Topic: Teenage Son Considering PR
Replies: 41
Views: 10134

Re: Teenage Son Considering PR

...in a "top" local secondary school under the Integrated Program -- means they skip the O levels and automatically get a place in a junior college where they will take A levels for university placement. This is where the uncertainty lies as university places in Singapore are limited, esp...
by skipper
Mon, 23 May 2016 8:49 pm
Forum: Strictly Speaking
Topic: Teenage Son Considering PR
Replies: 41
Views: 10134

Re: Teenage Son Considering PR

Thank you both. We'll just have to live then with the choices we made, prepare accordingly and see how it goes. Singapore should not be the end all and be all for him (or for anyone in a similar situation) anyway. Caste it in a positive light.... he is in an excellent position to secure a great pos...
by skipper
Mon, 23 May 2016 5:08 pm
Forum: Strictly Speaking
Topic: Teenage Son Considering PR
Replies: 41
Views: 10134

Re: Teenage Son Considering PR

Thank you both. We'll just have to live then with the choices we made, prepare accordingly and see how it goes. Singapore should not be the end all and be all for him (or for anyone in a similar situation) anyway.
by skipper
Mon, 23 May 2016 3:47 pm
Forum: Parenting, Family & Schools
Topic: East Coast School for Boy Turning 6 in November
Replies: 2
Views: 1209

Re: East Coast School for Boy Turning 6 in November

Yes, Canadian International School (CIS) in Tanjong Katong on IB curriculum. But they're phasing out higher grade levels and moving them to the new campus in Lakeside (Jurong area, far west side of Singapore). Eventually, the east campus will only be up to Grade 6.
by skipper
Mon, 23 May 2016 3:34 pm
Forum: Strictly Speaking
Topic: Teenage Son Considering PR
Replies: 41
Views: 10134

Re: Teenage Son Considering PR

1. You can't defer NS for university studies except in exceptional cases or on a scholarship for medicine. 2. I agree PR and NS is a good idea if he wants to engage with Singapore. 3. The default is that they finish their education (when the path ends... wherever) and then no longer get student pas...
by skipper
Mon, 23 May 2016 3:31 pm
Forum: Strictly Speaking
Topic: Teenage Son Considering PR
Replies: 41
Views: 10134

Re: Teenage Son Considering PR

By not including my sons in the PR application, I gamed the system? I specifically indicated in my application that they will decide on their own -- which is what they (or at least my eldest son) is doing now. So no meritocracy then if he aced his A levels -- he won't get any university place? Whet...
by skipper
Mon, 23 May 2016 12:48 pm
Forum: Strictly Speaking
Topic: Teenage Son Considering PR
Replies: 41
Views: 10134

Re: Teenage Son Considering PR

By not including my sons in the PR application, I gamed the system? I specifically indicated in my application that they will decide on their own -- which is what they (or at least my eldest son) is doing now. So no meritocracy then if he aced his A levels -- he won't get any university place?
by skipper
Mon, 23 May 2016 12:26 pm
Forum: Strictly Speaking
Topic: Teenage Son Considering PR
Replies: 41
Views: 10134

Teenage Son Considering PR

My family has been in Singapore for more than 9 years -- my wife and myself are PR's while my sons are foreigners on student passes. Yes, we applied just for ourselves and indicated in our application that our sons will decide for themselves (although we all know that PR approvals were easier back i...
by skipper
Wed, 16 Oct 2013 4:33 pm
Forum: Staying, Living in Singapore
Topic: Do you use your balcony?
Replies: 32
Views: 9633

Most locals don't use their balconys. Except for laundry poles and storage. Locals mostly don't use gas fired BBQ pits, either. I don't think a balcony is a good place for a child to play... find something ground floor. I have a gas fired BBQ in my balcony along a small table with 2 outdoor chairs ...

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