Is it even worth living in SG anymore as a foreigner?

[Wd40]

After a fortuitous 2021 for tech jobs, are tech layoffs the topic for 2023?

Lower rents dream may come true for you, @wd40.

Rents have started falling in the US. I think in Singapore we will be lucky if rents just stop going up and stabilize here. I would call that a win already.

[jwoods1864]

https://www.srx.com.sg/price-index#

And rent rises for yet another month!


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[the observer]

After a fortuitous 2021 for tech jobs, are tech layoffs the topic for 2023?

Lower rents dream may come true for you, @wd40.

Rents have started falling in the US. I think in Singapore we will be lucky if rents just stop going up and stabilize here. I would call that a win already.

https://www.businesstimes.com.sg/techno ... 11000-jobs

[Wd40]

After a fortuitous 2021 for tech jobs, are tech layoffs the topic for 2023?

Lower rents dream may come true for you, @wd40.

Rents have started falling in the US. I think in Singapore we will be lucky if rents just stop going up and stabilize here. I would call that a win already.

https://www.businesstimes.com.sg/techno ... 11000-jobs

Singapore is more of a financial hub than a tech hub. The EU bank I work for posted good results. Except for 1 or 2 banks like Credit Suisse, rest of the industry is actually booming thanks to rising rates. So I don't see much impact to SG economy unless we have a full blown global recession. As of now SG is benefiting from massive capital inflows from China, HK, Taiwan etc

[NYY1]

https://www.channelnewsasia.com/singapo ... ts-3060231

[truthhurts1]

Rents have started falling in the US. I think in Singapore we will be lucky if rents just stop going up and stabilize here. I would call that a win already.

https://www.businesstimes.com.sg/techno ... 11000-jobs

Singapore is more of a financial hub than a tech hub. The EU bank I work for posted good results. Except for 1 or 2 banks like Credit Suisse, rest of the industry is actually booming thanks to rising rates. So I don't see much impact to SG economy unless we have a full blown global recession. As of now SG is benefiting from massive capital inflows from China, HK, Taiwan etc

Any good places or bars to network with bankers or people in decision making?

[Wd40]

https://www.channelnewsasia.com/singapo ... ts-3060231

Good this is coming out in the mainstream news, although I doubt if anything is going to change. I guess we just have to be glad that our landlords are not asking us to leave our place in between the contract just to secure a higher rent. I have heard a few stories where landlords are selling their houses in between the contract or just giving that as an excuse to evacuate tenants locked in their leases.

But this is a developed countries problem, not just Singapore. I have seen in some forums that this is happening in the US as well.

[Wd40]

https://www.businesstimes.com.sg/techno ... 11000-jobs

Singapore is more of a financial hub than a tech hub. The EU bank I work for posted good results. Except for 1 or 2 banks like Credit Suisse, rest of the industry is actually booming thanks to rising rates. So I don't see much impact to SG economy unless we have a full blown global recession. As of now SG is benefiting from massive capital inflows from China, HK, Taiwan etc

Any good places or bars to network with bankers or people in decision making?

No idea, I never tried this route. I have mostly used Linked In extensively for job search and networking. Connect with recruiters via linked In and they usually have a good pulse of the job market.

[NYY1]

HDB rentals:

https://www.channelnewsasia.com/singapo ... ng-3083736

[Lisafuller]

Not really. Interest rates are up and rents have been fairly depressed since the GFC. They are approaching more realistic levels for a global city.

Yup, I think it's a rise that's been a long time coming.

I consider Singapore to be cheap for a global city. Look at rents in NYC, London, Sydney as a comparison? You cannot rent in central NYC for the prices we pay in Singapore.

You have a point, look at SF and HK. Absolutely bonkers. Still, SG is far from cheap.

[Lisafuller]

https://www.businesstimes.com.sg/techno ... 11000-jobs

Singapore is more of a financial hub than a tech hub. The EU bank I work for posted good results. Except for 1 or 2 banks like Credit Suisse, rest of the industry is actually booming thanks to rising rates. So I don't see much impact to SG economy unless we have a full blown global recession. As of now SG is benefiting from massive capital inflows from China, HK, Taiwan etc

Any good places or bars to network with bankers or people in decision making?

If you're looking at informal networking, you can try country clubs like the British club or the American club, or even wine clubs like Pall Mall. All of the above require memberships with pretty hefty joining fees though.

[Lisafuller]

Rents have started falling in the US. I think in Singapore we will be lucky if rents just stop going up and stabilize here. I would call that a win already.

https://www.businesstimes.com.sg/techno ... 11000-jobs

Singapore is more of a financial hub than a tech hub. The EU bank I work for posted good results. Except for 1 or 2 banks like Credit Suisse, rest of the industry is actually booming thanks to rising rates. So I don't see much impact to SG economy unless we have a full blown global recession. As of now SG is benefiting from massive capital inflows from China, HK, Taiwan etc

Completely agree. Tech hub would be Silicon Valley.

[SGBoyxxx]

I heard now rental increase , so better do some homework yourself and the local property agents are aggressive and greedy too. As A local here i honestly said.

[malcontent]

The average psf price in SF is now over US$1,200 (S$1,650) according to this source —

https://www.statista.com/statistics/123 ... uare-foot/

All are freehold properties with no stamp duties, but the property taxes there are significantly higher — roughly, around 1% of the property value each year in California/Hawaii, and around 2% in most other parts of the US.

[Lisafuller]

I heard now rental increase , so better do some homework yourself and the local property agents are aggressive and greedy too. As A local here i honestly said.

Rent has been on the up and up for some time now, nothing new, but still quite crazy.