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Old 15th Aug 2011, 09:13
  #43 (permalink)  
Che Xindamail
 
Join Date: Dec 2004
Location: Asia
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I saw somewhere that they plan to fly to India.

Get used to night turnarounds for 1000 hours/year which is what the CAAS allow, for about SGD15k/month after tax, IF you fly. This is based on the existing SQ mainline local package which does not provide housing or schooling.

Sounds good? Think again.

Add to this the cost of living in Singapore.

If you have a family you will pay about 5k/month for a 1500sf flat if you want something reasonably nice (yes, HDB anywhere is cheaper but no facilities).

You will pay at least 2k/month per child for an international school (that's EVERY month throughout the year not just when school is in session). As an example the Australian International middle school fee is about 22k/year. But you need to cough up a registration and infrastructure fee totaling 6k/child. I believe Tanglin Trust (British school) is roughly the same.

Now you haven't even eaten or gone anywhere yet.

If you have more than two kids, forget about entertainment or nice restaurants. Get ready for dinner at your local hawker (which is actually pretty good) or to cook at home. Nothing wrong with that, but be prepared for Singaporean supermarket prices.

Buy a car? Save for retirement? Forget it. You are already out of pocket for your 50% share of the 777 rating, school registration and two months rental deposit (plus one in advance). Getting started will cost you dearly.

Singapore is VERY expensive, and this will be a grossly substandard package for anybody who's not single. Let supply and demand sort this one out before you make a mistake you will regret.
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