I have been offered a position to relocate to Singapore from Hong Kong. I have a good idea of the different living style in Singapore from HK, but I would like to get some idea on the finances of the offer to see whether I am getting a good deal by Singapore standards, and whether my family can be comfortable on the budget provided. I am married and have two young pre-school aged children, so we will we require a four bedroom apartment, maisonette or house. My budget is as follows:
* Salary: S$220,000 / annum
* Housing: S$7,000 / month (paid by company)
* Auto: S$3,500 / month (includes all running costs)
We will also get a club membership, home leave allowance and tax equalization, etc. but I am most concerned about the housing and auto allowances. Can anyone give me an idea of the purchasing power of these amounts? Will this be adequate for a family of four?
Thanks for your help!