Sunday, October 02, 2011

Singapore Income Tax Tips & Tricks 4

Query: My wife and I will be moving to Singapore at the end of the month and are considering living in Johor Bahru. We don't have a great housing allowance and want a nice house or condo. I would commute daily to Singapore and understand that I would have to buy a vehicle entry permit for about S$600 per month. Does anyone have any advice, experiences or suggestions?

Tip: What is not in dispute are the following: 1. JB is cheap. 2. You'll probably regret the move. Some Singaporeans have tried exactly what you are planning to do. I know a family. They sold their HDB flat and moved into a proper house and bought a car with the leftover proceeds. To get their kid to school, they ended up waking at 5 am. Because they needed to wake up early the following day, they often had to leave Singapore by 8 pm. Meaning: just about zero social life.

Within 3 months, they were back in Singapore. The aggro from fighting traffic was just not worth the money saved. Also, as someone pointed out, you can get new 3-bedroom apartments, in the suburbs, for S$1,500 a month. So much so that some expats are spoiled for choice and acting that way too. Contact any of the real estate agent advertisers. They will be able to help you. - contributed by Ang Peng Hwa

0 comments:

 

University of USA | Degree of USA