SINGAPORE EXPATS FORUM
Singapore Expat Forum and Message Board for Expats in Singapore & Expatriates Relocating to Singapore
How do people manage on 3000 SGD?
Yep, SMS' figures are based on SingStats... so it is possible to live a middle class life for 5K a month in Singapore.
In terms of big bucks, though, HSBC's Expat Report 2010 states that 45% of expats in Singapore make more than 265K per year. By comparison, according to SingStats, less than 10% of Singapore households annually earn at least 265K. Of course, this can be comparing apples and oranges in terms of methodology, etc.
In terms of big bucks, though, HSBC's Expat Report 2010 states that 45% of expats in Singapore make more than 265K per year. By comparison, according to SingStats, less than 10% of Singapore households annually earn at least 265K. Of course, this can be comparing apples and oranges in terms of methodology, etc.
- nakatago
- Moderator
- Posts: 8358
- Joined: Tue, 01 Sep 2009 11:23 pm
- Location: Sister Margaret’s School for Wayward Children
What? And do away with the iPhone4's, signature bags, credit cards, quarterly purchase of computers and 50"-television sets, yearly replacement of furniture or annual flat renovation, holiday trips to the other side of the world or just simply keeping up with the joneses?sundaymorningstaple wrote:The median household income in Singapore is only slightly over 5K/mo. The median income here was around 2,600/mo in 2009. Looks like a lot can do it don't it.

</sarcasm>
"A quokka is what would happen if there was an anime about kangaroos."
-
- Reporter
- Posts: 621
- Joined: Thu, 28 Aug 2008 12:35 pm
I think HSBC only surveyed the Premier and Private Banking customers. Either that, or majority of my friends belong to the 55% expats who earn less than $265K per year.moto wrote:Yep, SMS' figures are based on SingStats... so it is possible to live a middle class life for 5K a month in Singapore.
In terms of big bucks, though, HSBC's Expat Report 2010 states that 45% of expats in Singapore make more than 265K per year. By comparison, according to SingStats, less than 10% of Singapore households annually earn at least 265K. Of course, this can be comparing apples and oranges in terms of methodology, etc.
-
- Chatter
- Posts: 479
- Joined: Sun, 06 Jun 2010 9:49 pm
- Location: Bangkok
+1Girl_Next_Door wrote:I think HSBC only surveyed the Premier and Private Banking customers. Either that, or majority of my friends belong to the 55% expats who earn less than $265K per year.moto wrote:Yep, SMS' figures are based on SingStats... so it is possible to live a middle class life for 5K a month in Singapore.
In terms of big bucks, though, HSBC's Expat Report 2010 states that 45% of expats in Singapore make more than 265K per year. By comparison, according to SingStats, less than 10% of Singapore households annually earn at least 265K. Of course, this can be comparing apples and oranges in terms of methodology, etc.
The Expat, magazine that seized to function beginning of this year had a survey from time to time also showing the wages level. The lowest range was like something all below 12k a month and there were 3-4 higher salary ranges above. Practically all the readers/subscribers placed themselves in the top range. I think the data from HSBC may be easily correct. Your friends belong likely to the same social group so this proves here not much and it should be enough to map the condos, recalculate the rent and see how it goes. Bet you will get most condos in the expensive areas - so who is living there and what price is paid and how much you need to earn to afford it?Girl_Next_Door wrote: I think HSBC only surveyed the Premier and Private Banking customers. Either that, or majority of my friends belong to the 55% expats who earn less than $265K per year.
-
- Reporter
- Posts: 621
- Joined: Thu, 28 Aug 2008 12:35 pm
Well, based on an income of $265k/annum and assuming that 1/3 goes into rental, it means these expats pay at least $7K for their accommodation.
As at today from ., there are 21720 properties available for rent, based on rental between $2K - $7K. For rental above $7K, there are only 7671 properties available. I think it is fair to assume that majority of the expats are renting. Based on the supply, it seems like the supplies for properties above $7K should be increased, to cater for the high-earning expats.
As at today from ., there are 21720 properties available for rent, based on rental between $2K - $7K. For rental above $7K, there are only 7671 properties available. I think it is fair to assume that majority of the expats are renting. Based on the supply, it seems like the supplies for properties above $7K should be increased, to cater for the high-earning expats.
- sundaymorningstaple
- Moderator
- Posts: 39755
- Joined: Thu, 11 Nov 2004 1:26 pm
- Location: Retired on the Little Red Dot
These 7671 are the vacant ones or about to be vacant so there is also a large, unknown number occupied at the moment.Girl_Next_Door wrote:Well, based on an income of $265k/annum and assuming that 1/3 goes into rental, it means these expats pay at least $7K for their accommodation.
As at today from ., there are 21720 properties available for rent, based on rental between $2K - $7K. For rental above $7K, there are only 7671 properties available. I think it is fair to assume that majority of the expats are renting. Based on the supply, it seems like the supplies for properties above $7K should be increased, to cater for the high-earning expats.
-
- Similar Topics
- Replies
- Views
- Last post
-
- 0 Replies
- 1675 Views
-
Last post by Pal
Fri, 02 Nov 2018 9:52 pm
-
- 1 Replies
- 1523 Views
-
Last post by abbby
Mon, 09 Sep 2019 9:25 pm
-
-
Equivalent Salary in Singapore in SGD
by KC@1980 » Wed, 13 Feb 2019 6:01 pm » in Careers & Jobs in Singapore - 4 Replies
- 2649 Views
-
Last post by PNGMK
Fri, 01 Mar 2019 7:49 pm
-
-
-
SGD 110,000 per year for a single person
by UKExpat1987 » Mon, 29 Apr 2019 7:37 pm » in Careers & Jobs in Singapore - 18 Replies
- 6916 Views
-
Last post by Strong Eagle
Thu, 02 May 2019 9:10 am
-
-
-
Job with more than 12000 SGD Salary
by Raj13 » Sun, 06 Jun 2021 11:01 am » in Careers & Jobs in Singapore - 14 Replies
- 4701 Views
-
Last post by malcontent
Tue, 08 Jun 2021 2:23 pm
-
Who is online
Users browsing this forum: No registered users and 11 guests