Singapore Expats

Would you pay $4,000 per month for Punggol HDB rental?

Discuss about where to live, renting a property, tenancy issues, property trend and property investment in Singapore.
Post Reply
NYY1
Reporter
Reporter
Posts: 795
Joined: Mon, 21 Mar 2022 10:41 pm
Answers: 3

Re: Would you pay $4,000 per month for Punggol HDB rental?

Post by NYY1 » Mon, 27 Mar 2023 6:30 am

Lisafuller wrote:
Sun, 26 Mar 2023 11:04 pm
NYY1 wrote:
Sun, 26 Mar 2023 6:10 am
Lisafuller wrote:
Sun, 26 Mar 2023 12:08 am


In comparison with the US, I'd say that fresh grads there are more realistic with their expectations. Though it seems as though regardless of which country we're discussing, the youngsters share a sense of dread for the future, as they quickly recognize how unaffordable living is becoming.
https://www.usatoday.com/story/money/pe ... 656696002/
Fair enough, but this is certainly not the perception I have based on my interaction with family members studying in the US and their friends. These are all kids who go to really great schools and would, if anything, be on the upper end of income.
Both of the articles are as useful or useless as one wants to believe (hard to say how robust and accurate the sampling was). US$100,000+ should be in reach for some degrees with placement to the coastal cities (i.e. likely graduated from the more selective universities for that degree). Of course, placements to certain industries are skewing these numbers, and many degrees in these cities will land a lot less, but the number itself in isolation is not crazy. But on average it isn't close...

Search By



jalanjalan
Chatter
Chatter
Posts: 424
Joined: Sat, 02 Jul 2022 12:46 pm
Answers: 2

Re: Would you pay $4,000 per month for Punggol HDB rental?

Post by jalanjalan » Mon, 27 Mar 2023 10:43 am

edmw has the 100k salary discussion quite frequently. They seem to peg it as achievable by mid 30s. Might be skewed - any fresh grads earning that much probably have no time to hang around discussion forums.

jalanjalan
Chatter
Chatter
Posts: 424
Joined: Sat, 02 Jul 2022 12:46 pm
Answers: 2

Re: Would you pay $4,000 per month for Punggol HDB rental?

Post by jalanjalan » Mon, 27 Mar 2023 10:49 am

Lisafuller wrote:
Mon, 27 Mar 2023 12:09 am
smoulder wrote:
Sun, 26 Mar 2023 11:12 pm
Lisafuller wrote:
Sun, 26 Mar 2023 11:05 pm


I remember reading something about the project being stopped. Isn't that the case?
Still on. In full swing. I read recently that the Singapore end is 45 percent completed and they are on schedule (current schedule is to open in 2026).
Nice! I doubt I'll be in SG by then. I do remember distinctly that there was a railway project that was canceled, caused quite a big hoohah.
HSR got cancelled. The one from Woodlands North stn is still on. Not sure what there is to see near Chagar stn in JB but I'll have to ride it at least once to find out.

the observer
Reporter
Reporter
Posts: 603
Joined: Mon, 20 Jul 2020 11:57 am
Answers: 1

Re: Would you pay $4,000 per month for Punggol HDB rental?

Post by the observer » Mon, 27 Mar 2023 5:50 pm

Wd40 wrote:
Sun, 26 Mar 2023 11:33 pm
smoulder wrote:
Sun, 26 Mar 2023 1:10 pm
Wd40 wrote:
Sun, 26 Mar 2023 12:36 pm
My point is SG is very soon going to be a very unviable place for companies to setup up shop and bring foreign workers. The math just doesnt make sense. Even 4k seems a good deal now. People have really gone mad, they are asking for like 6.5k now for a HDB.

https://goodyfeed.com/amk-hdb-rented-6500/

So we need to think of some alternatives, near shoring to Malaysia could be an option. I dont understand why companies are not concerned about this yet.
The rents will hopefully come down again to saner levels. But your point is still valid - in my previous bank, Singapore was considered a high cost center and good for it's data center but the expectation was to have minimum IT staff. My current bank has set up a center of excellence in Malaysia. But that's in KL.
My bank uses Manila as their low cost COE in Asia, they have Poland and Romania too. This is a bit like bottom of the barrel scrapping now :(

In Singapore most teams are resisting hiring in Manila. The deal is you are allowed to liberally hire 5 guys in Manila no questions asked, but to hire in Singapore even one contractor, the approvals go to really high levels.
Cost center roles will inevitably get pushed out to lower cost regions. Has always been the case since the 90s, with the migration of disk drive manufacturing, printers etc.

Likewise with back office roles in banks, in the early 2010s.

Since then, rentals have only gone higher which goes to show that migration of higher value add roles into sg to replace these, and we’re now seeing various depts and foreign banks relocating profit center roles from HKG to SG. These are easily 200k sgd base comp and higher roles.

That’s what EDB has been actively doing, behind the scenes.

Lisafuller
Governor
Governor
Posts: 6311
Joined: Sat, 07 Nov 2020 11:45 pm
Answers: 3

Re: Would you pay $4,000 per month for Punggol HDB rental?

Post by Lisafuller » Tue, 28 Mar 2023 4:54 pm

NYY1 wrote:
Mon, 27 Mar 2023 6:30 am
Lisafuller wrote:
Sun, 26 Mar 2023 11:04 pm
Fair enough, but this is certainly not the perception I have based on my interaction with family members studying in the US and their friends. These are all kids who go to really great schools and would, if anything, be on the upper end of income.
Both of the articles are as useful or useless as one wants to believe (hard to say how robust and accurate the sampling was). US$100,000+ should be in reach for some degrees with placement to the coastal cities (i.e. likely graduated from the more selective universities for that degree). Of course, placements to certain industries are skewing these numbers, and many degrees in these cities will land a lot less, but the number itself in isolation is not crazy. But on average it isn't close...
I agree, best to take articles like these with a pinch of salt.

Lisafuller
Governor
Governor
Posts: 6311
Joined: Sat, 07 Nov 2020 11:45 pm
Answers: 3

Re: Would you pay $4,000 per month for Punggol HDB rental?

Post by Lisafuller » Tue, 28 Mar 2023 4:55 pm

jalanjalan wrote:
Mon, 27 Mar 2023 10:43 am
edmw has the 100k salary discussion quite frequently. They seem to peg it as achievable by mid 30s. Might be skewed - any fresh grads earning that much probably have no time to hang around discussion forums.
Edmw?

Lisafuller
Governor
Governor
Posts: 6311
Joined: Sat, 07 Nov 2020 11:45 pm
Answers: 3

Re: Would you pay $4,000 per month for Punggol HDB rental?

Post by Lisafuller » Tue, 28 Mar 2023 4:57 pm

jalanjalan wrote:
Mon, 27 Mar 2023 10:49 am
Lisafuller wrote:
Mon, 27 Mar 2023 12:09 am
smoulder wrote:
Sun, 26 Mar 2023 11:12 pm

Still on. In full swing. I read recently that the Singapore end is 45 percent completed and they are on schedule (current schedule is to open in 2026).
Nice! I doubt I'll be in SG by then. I do remember distinctly that there was a railway project that was canceled, caused quite a big hoohah.
HSR got cancelled. The one from Woodlands North stn is still on. Not sure what there is to see near Chagar stn in JB but I'll have to ride it at least once to find out.
I see, hope they stick to the 2026 completion date, one of the governments involved has a habit of delaying things.

smoulder
Editor
Editor
Posts: 1422
Joined: Fri, 25 Dec 2015 11:05 pm

Re: Would you pay $4,000 per month for Punggol HDB rental?

Post by smoulder » Tue, 28 Mar 2023 5:03 pm

Lisafuller wrote:
Tue, 28 Mar 2023 4:55 pm
jalanjalan wrote:
Mon, 27 Mar 2023 10:43 am
edmw has the 100k salary discussion quite frequently. They seem to peg it as achievable by mid 30s. Might be skewed - any fresh grads earning that much probably have no time to hang around discussion forums.
Edmw?
It's a local support group for male incels.

Lisafuller
Governor
Governor
Posts: 6311
Joined: Sat, 07 Nov 2020 11:45 pm
Answers: 3

Re: Would you pay $4,000 per month for Punggol HDB rental?

Post by Lisafuller » Tue, 28 Mar 2023 5:06 pm

smoulder wrote:
Tue, 28 Mar 2023 5:03 pm
Lisafuller wrote:
Tue, 28 Mar 2023 4:55 pm
jalanjalan wrote:
Mon, 27 Mar 2023 10:43 am
edmw has the 100k salary discussion quite frequently. They seem to peg it as achievable by mid 30s. Might be skewed - any fresh grads earning that much probably have no time to hang around discussion forums.
Edmw?
It's a local support group for male incels.
Oh LOL explains why I haven't heard of it.

User avatar
sundaymorningstaple
Moderator
Moderator
Posts: 40532
Joined: Thu, 11 Nov 2004 1:26 pm
Answers: 21
Location: Retired on the Little Red Dot

Re: Would you pay $4,000 per month for Punggol HDB rental?

Post by sundaymorningstaple » Tue, 28 Mar 2023 6:32 pm

incels. Frankly I think that is an understatement for that group.
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers

the observer
Reporter
Reporter
Posts: 603
Joined: Mon, 20 Jul 2020 11:57 am
Answers: 1

Re: Would you pay $4,000 per month for Punggol HDB rental?

Post by the observer » Tue, 28 Mar 2023 8:38 pm


jalanjalan
Chatter
Chatter
Posts: 424
Joined: Sat, 02 Jul 2022 12:46 pm
Answers: 2

Re: Would you pay $4,000 per month for Punggol HDB rental?

Post by jalanjalan » Tue, 28 Mar 2023 9:42 pm

Lisafuller wrote:
Tue, 28 Mar 2023 4:55 pm
jalanjalan wrote:
Mon, 27 Mar 2023 10:43 am
edmw has the 100k salary discussion quite frequently. They seem to peg it as achievable by mid 30s. Might be skewed - any fresh grads earning that much probably have no time to hang around discussion forums.
Edmw?
it's a hardwarezone subforum

User avatar
sundaymorningstaple
Moderator
Moderator
Posts: 40532
Joined: Thu, 11 Nov 2004 1:26 pm
Answers: 21
Location: Retired on the Little Red Dot

Re: Would you pay $4,000 per month for Punggol HDB rental?

Post by sundaymorningstaple » Tue, 28 Mar 2023 10:09 pm

EDMW is short for the forum's name "Eat, Drink, Man, Woman"
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers

Lisafuller
Governor
Governor
Posts: 6311
Joined: Sat, 07 Nov 2020 11:45 pm
Answers: 3

Re: Would you pay $4,000 per month for Punggol HDB rental?

Post by Lisafuller » Tue, 28 Mar 2023 10:32 pm

sundaymorningstaple wrote:
Tue, 28 Mar 2023 6:32 pm
incels. Frankly I think that is an understatement for that group.
LOL! Don't seem like very decent people :-k

Lisafuller
Governor
Governor
Posts: 6311
Joined: Sat, 07 Nov 2020 11:45 pm
Answers: 3

Re: Would you pay $4,000 per month for Punggol HDB rental?

Post by Lisafuller » Tue, 28 Mar 2023 10:34 pm

Certainly doesn't bode well for locals.

Post Reply
  • Similar Topics
    Replies
    Views
    Last post

Return to “Property Talk, Housing & Rental”

Who is online

Users browsing this forum: No registered users and 0 guests