Do we agree Singapore government is both effective and efficient?
Do we believe Singapore will continue to attract huge investments into Singapore?
Do we believe Singapore’s economy will continue to grow by leaps and bounds?
The exchange rate’s impact on Malaysian salaries in Singapore is notable, with a decrease from S$1 to RM3.37 in 2015 to S$1 to RM3.15 today. This change means a potential loss of RM12,600 annually for a S$5,000 salary. Current rates are better than 2021, benefiting Malaysian workers.
Affordable Weekend Getaways: Singapore to KL via ETS There are lots of things to do in Singapore! Yea, I agree there are lots of things
If a country has full employment, it could mean that it’s harder to find employees, thus maybe the salary offer could be higher? Maybe the offer and the increment can be a different thing. Offering a higher salary does not mean increment has to be very high too because increment is always based on the next financial years’ expectation of the person’s contribution. This seems to be the case. Do read on:
Well, the amount really depend on the demand for the Certificate of Entitlement (COE) which is the amount to be paid before one could proceed to buy a car in Singapore. This COE is on top of car price. As an example, Proton e.MAS 7 price in Singapore is SGD175,988 (about RM577k) after including the COE. This price is actually on the high side even if one is working and earning SGD.
Singapore introduced the ABSD starting in April 2023 which is effectively an extra tax for all property buyers targeting foreigners. ABSD means: “Liable buyers are required to pay ABSD on top of the existing Buyer’s Stamp Duty (BSD). ABSD and BSD are computed on the purchase price as stated in the dutiable document or the market value of the property (whichever is the higher amount).”
People ask me what is happening to the local property market. Beyond just our property transaction numbers (which is high and rising), I tell them to look at what’s happening overseas for their reference. If all the advanced property markets are now showing that no one wants to buy a property, then that would also be happening in Malaysia in the near future. If you know of such markets, please do let me know too. I would like to read more as well.
I think this topic will be hot for a while since today is the first day the VEP finally started (yes, it was not implemented for a very long time) and as per reported, there are over 90,000 cars registered for it with even more in the coming days since people will usually only worry about the need for the VEP when they need it. Can people still drive in today if they do not have the VEP then?
Whoa… this may not be a big news to many but to Singapore’s continued growth, it is. Speaking of population growth, my two PHD friends who are Singaporean citizens have two young children. Singaporean couples does not have an average of two babies per couple. It’s lower. It’s closer to 1 birth per woman and that’s 2021 data as per google.
Christie’s International Real Estate, a global leader in luxury real estate, has officially launched in Singapore, marking a significant milestone in its Southeast Asia expansion strategy.
Do you know that when home prices become totally unaffordable, the government of the day will feel the pressure because if people could afford a property, they will be happy but if they could not find anything which they could afford, then the tension will start to simmer. Not a great news for any government of the day. This is why the Singapore government is taking steps to ensure the warm to hot public housing transactions are cooled down before it gets too hot to handle.
My wife has been reminding me many times that we need to somehow find a cruise to try which sails during the school holidays so that we can bring the children along for a cruise holiday. More often than not the cruises do not start from Malaysia or the choices are limited too. The numbers are certainly increasing slowly. There will be a new cruise from Singapore to Melaka starting in November 2024 which will bring even more vibrancy to Melaka.