Sunday, August 24, 2008

Reader Mailbag #1 : Cost Of Living Singapore 2008

In this series I will try to address the questions asked by my readers specially on Cost of Living in Singapore. This helps me to consolidate the questions and answers by me. Also it helps readers to find the answers they are looking for quickly!

The reason of for having this series is that I would like to help readers and want to protect their identity in case they put their email in the comments. Also this is a great way to share ideas !

I am getting an Offer from company to pay me SGD $3000 and rental provided by the company. I have two kids, one goes to nursary and other is neonatal.How it would be to move to Singapore from India and earn some money..plz reply back me on at
- Vidyanath

I would personally avoid to give any recommendations or advice in this case. But at the same time I would like to share some facts so that it helps you to take the decision better.

If you are planning to move to Singapore from India. It is important for you to assess what you are saving there per month and how much is your expectation when you settle down in Singapore after 6 months of moving in. As there are expenses when you move in, so the first year's average savings reduce. I would suggest you to do some fact finding based on your current spending habits and savings per month in India. Also factor your current job and its potential to grow in India.

Nursary costs depends on where you put your kid. The range is between $300(decent one)-$750 based on my research in this area.

hi Mr.Sandeep ...good work ..I have got a offer from Singapore and they are offering me $1200 for housing and $2800 for other expenses. My husband and 2 yr old son will move with me. my husband is a marketing manager and I hope he will get a job in Singapore..I am really confused if I should take up the job ..what do you think ?

I picked up this question from my readers comment too as it similar to what I answered earlier. But this has another important aspect. It happens many times that either of the spouse finds a job and they have this tough question to decide whether to move in with that and then find job for other one later when they land in.

In this particular case again its a tough decision to take. But if you do your research right and plan properly this is something worth exploring. You would get 2 Bed room HDB apt in Singapore for $1200, although it depends on area and how furnished the flat is. Living with a family of 3 with $2800 is tough on budget, but if your spouse is confident on getting job here in Singapore in 3-4 months timeframe. The idea is worth looking at.

Singapore job market looks promising at present. So getting a job if you have right skills in demand is not difficult.

Please refer to following archives for more information on this subject:

Cost of Living in Singapore Posts

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