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Is this a good deal?

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tone1981
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Is this a good deal?

Postby tone1981 » Sun, 12 Nov 2006 2:42 pm

Hi all,

Looking for some advice...

I've been offered a job with a company in the insurance industry in Singapore with the following package:

All in S$ per year

Basic 108k
Transport 12k
Housing 54k

Bonus 17.5% of basic

I'm single and in my 20's

Good deal or not?

Thanks

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jpatokal
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Postby jpatokal » Sun, 12 Nov 2006 6:47 pm

Are you going to be the CEO or the accounting clerk? :o But overall that sounds like a pretty good package you've got there, you'll be very well off by Singapore standards.
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micknlea
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Postby micknlea » Sun, 12 Nov 2006 6:50 pm

Not bad at all, but of course as poster above said, it does depend on the job you are doing! :wink:
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tone1981
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Postby tone1981 » Sun, 12 Nov 2006 7:04 pm

sort of middle management and coming off 42k in london

how is the cost of living? housing looks a lot more expensive...

hello_20
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Postby hello_20 » Sun, 12 Nov 2006 9:21 pm

It depends where you plan to stay. $54/year can go a long way even in a good location. Most of the good location, depend on the size of the apartment, cost between $2k to $4k (2 to 3 bedrooms).

Your overall package is considered very attractive. Let me know if you need more info.

Cheers.

tone1981
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Postby tone1981 » Mon, 13 Nov 2006 2:00 am

2-4k?

My potential colleagues have recommended a few places in the River Valley area?

The condos there seem to be about 5k a month!

A lot more than i'm paying in london...

Am i missing something?

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Bremen
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Postby Bremen » Mon, 13 Nov 2006 9:52 am

tone1981 wrote:2-4k?

My potential colleagues have recommended a few places in the River Valley area?

The condos there seem to be about 5k a month!

A lot more than i'm paying in london...

Am i missing something?


river valley flats vary in cost from 2-6k. The 5k ones are very very nice.

The package offered to you is extremely good. I'm here in SG on about a quarter of that.
"Build a man a fire, and he'll be warm for a day. Set a man on fire, and he'll be warm for the rest of his life."
- Terry Pratchett


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