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SG GUY SAYS HE INVESTED IN PROPERTY OVERSEAS UNTIL HE BECAME A MILLIONAIRE

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It all started when I was in my mid-20s. I had already started my career in Singapore, and had some savings to my name. I was looking for ways to increase my wealth, and that’s when I heard of the potential for investing in overseas property.

I had heard stories of people who had gotten rich from investing in overseas property, and I wanted to try it out for myself. It seemed like an excellent way to diversify my investments, and potentially generate a substantial amount of wealth.

So I decided to take the plunge and invest in overseas property. I started small, with a single property in Australia. I chose a location that was close to the city and had good potential for growth. I was lucky enough to purchase the property at a good price, and I quickly began to see a return on my investment.

As time went on, I kept investing in more overseas properties. I would research different locations and then find a property that had good potential for growth. I always made sure to do my due diligence and verify that the properties I was investing in had good rental prospects.

I also made sure to diversify my investments, and spread out my risk. I invested in different countries, in different types of property, and in different locations. This allowed me to minimize my risk and maximize my return.

As the years went on, I kept reinvesting my profits into more overseas properties. I was able to steadily increase the size of my portfolio, and I eventually became a millionaire.

I’m so glad I took the plunge and decided to invest in overseas property. It’s been an amazing experience, and I’ve made a substantial amount of wealth.

If I could give any advice to someone looking to invest in overseas property, it would be to do your research. Do your due diligence and make sure you’re investing in a good location with good rental prospects. Also, diversify your investments and spread out your risk. This will help you minimize your risk and maximize your return.

Investing in overseas property has been a great experience for me, and I would definitely recommend it to anyone looking to increase their wealth.

SINGLE MUM LOST 10 YEARS’ OF SAVINGS TO SCAMMERS IN JUST ONE WEEK, $89K GONE

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In a world where financial independence is a cherished goal, the allure of a promising job opportunity can sometimes lead individuals into unexpected and devastating situations.

The story of Ms. Lee (names have been changed to protect her identity), a 31-year-old single mother of two, is a stark reminder of how easily people can fall prey to scammers in pursuit of a brighter financial future, according to The Straits Times.

She lost $89,796, about 10 years worth of her savings, to scammers in the short span of just one week.

The Pursuit of Financial Independence

Ms. Lee had been a housewife since the birth of her first daughter, now five years old. With a second daughter who was just four months old, life had its challenges, especially following her divorce three years ago.

During this period, she relied on the support of her parents and maintenance payments from her former husband to make ends meet.

The desire to achieve financial independence led Ms. Lee to explore job opportunities in July 2023. It was during this search that she stumbled upon a seemingly legitimate marketing job advertised on Facebook.

The job ad claimed that they were representing Singsale, a local company, and offered a job related to marketing.

The Deceptive Facade

At first glance, the job opportunity appeared legitimate. The Facebook post had garnered over a hundred comments, seemingly vouching for its authenticity.

Ms. Lee went a step further to validate the offer by researching Singsale online, where she found a genuine website associated with the company.

Encouraged by what she believed to be a golden opportunity, she responded to the advertisement via WhatsApp and engaged in a conversation with a person named Ivy.

Ivy assured her that the job was straightforward – placing online orders for various products, including clothing and household items, in order to help boost the sales.

Ivy told Lee that once she complete 60 orders, she would get her money back, along with a commission fo 20%/

However, it’s important to note that while Singsale is an e-commerce website owned by MySale Group, but the transaction that Lee made were on a different platform altogether.

The Unraveling Scheme

Ivy gave Lee access to her own account to let her get acquainted with the system and in just 2 days, Lee received $1,200 after using Ivy’s account to place orders, seemingly legitimizing the job.

Motivated by this initial success, Ms. Lee proceeded to place a second set of orders with her own account this time, using her own money.

The scam took a sinister turn when an individual claiming to be a staff member of the system provided her with instructions on the purported orders and the bank accounts to which payments should be transferred.

The orders were priced from between approximately $200 to $5,000, and Lee had put in almost $89,796 from her savings into the “job” and nearly depleted her own funds.

The Heartbreaking Revelation

Believing that she would soon reap substantial profits, Ms. Lee decided to withdraw her money, along with her promised commission, which was estimated to be around $107,700.

However, her hopes were dashed when she was informed that a withdrawal fee of approximately $6,000 was required.

Desperate and distressed, Ms. Lee explained her dire situation, that she had to feed her two children. But the scammers remained unyielding, insisting that the large withdrawal amount necessitated an “authentication fee.”

Lee then complained about the situation to Ivy, who replied that she was also allegedly a victim like her. However, Lee suspects that Ivy was also part of the scammers.

Unveiling the Scam

Frustrated and realizing she had been duped, Ms. Lee reached out to Fast Debt Recovery, a debt collection agency, in an attempt to recover her lost funds.

Investigations by the agency revealed that the bank accounts to which Ms. Lee had transferred money belonged to various people, and the phone numbers had been disconnected, which were signs of scams.

Despite her best efforts, Ms. Lee faces the grim reality that her chances of recovering her hard-earned money are slim to none.

The debt collection agency encouraged her to file a police report, a step she eventually took. As of now, police investigations into the scam are currently ongoing.

MAN SEES FELLOW UNI GRAD SLEEPING IN OFFICE FINDS IT WEIRD

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Recently entered a reputable company alongside an SIT graduate on the same day. My first impression of him was great and we didn’t have any issues. As we were both fresh grads, we are mainly tasked to read up on information that are relevant to us. We were on different floors of the company and just within the first week, one of my colleagues had already caught him openly sleeping in the office, either face down on the table or lying back on the office chair comfortably in full view of everyone. Sometimes, there were even instances of him playing games during office hours. My colleague was nice enough to inform him to avoid doing this kind of things in the future during working hours, and even told others that he was only doing that because he was feeling unwell.

His superior happened to have caught wind of this and kindly informed him to not do it again, without any scolding/reprimanding. 正所谓 知错能改 善莫大焉. Despite these repeated gestures of goodwill, his recalcitrant behaviour only worsened. Though I am not sure if this is the case, he has been given more work to do in an attempt to see if he changes for the better. Alas, nothing came of it. He finished it without much care and didn’t bother doing any proper researching on the topic, before going back to what he did best.

Honestly, as a fellow colleague, I don’t really have anything negative to say about him besides his working attitude. What really surprised me was that these actions came from a university graduate, instead of a polytechnic intern. I had tried to drop subtle hints to him during our lunch break together, but he just doesn’t seem to get the bigger picture at hand. There have even been rumours that some of the superiors of our superiors have caught him in the act personally… I really don’t know how long he can last in any company having this kind of working attitude, but all I know is that I don’t want any part of it. As far as I know, no one has tattletaled on him and they all saw him doing it themselves. We will most likely just let the superiors decide the most appropriate course of action against him.

Just wanted to rant about this and I am curious if anyone else have encountered this kind of issue as well.””

WOMAN REFUSES TO PAY $15 CLEANING FEE AFTER DRUNK FRIEND VOMITS @ BENCOOLEN EATERY

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A video emerged online showing a woman engaging in a heated argument with the workers at Al-Jilani Restaurant along Bencoolen on 7 October at about 2 am.

The crux of the argument lay in the implementation of a $15 cleaning fee, after the woman’s drunken friend had allegedly vomited inside the eatery’s premises.

“What you mean by $15?”

The woman refused to pay the cleaning fee and was seen in the video that she “would rather have a lawsuit”, as she questioned the workers “what you mean by $15?”

“I’d rather lawsuit… I’m reporting you. You can’t just charge me $15,” she exclaimed, as she further demanded to see the shop’s “terms and conditions”.

The netizen who posted the video of the incident, @valeroee, captioned her video and described what was going on: “her intoxicated friend puked at this prata place and she refused to pay the $15 fee for cleaning, asking the staff ‘what if someone has diarrhea here and cannot control, are you even a human?”

Netizens’ comments

  1. Defend Al Jilani at all cost.
  2. Do you still have to pay assuming you cleaned up the mess yourself?
  3. Based on civil etiquette they should pay a cleaning fee. But legal wise, where does the law stand on this?
  4. 15 only… omg
  5. If it was me I would be so embarrassed, would say sorry and pay extra for cleaning up.
  6. My workplace charge $100 for vomitting , $15 is too cheap
  7. $15 is a humane price! Taxi/Bars charges $50+ le
  8. who’s friend. please claim. dont embarrass us Singaporeans like this please.
  9. cmon lady u vomit u clean. someone else clean, u pay
  10. The audacity of some people… Knn you vomit at ppl shop still dare fight back
  11. Her guy friend so embarrassed. U dirtied people’s place still have the face to argue. Wa piang

You can watch the full video here.

Images source: @valeroee on TikTok

TEACHER WATCHED STUDENT GET BEAT UP BY CLASSMATES BUT IGNORED IT

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A netizen shared how he watched his students beating their classmate and he ignored it.

Here is the story

I’m a History teacher and in my class there’s this little prick that always makes a lot of noise, keeps touching and messing with other kids and employees and makes mean jokes about everyone.

He is constantly trying to make my life, and the life of his classmates hell thinking he is funny or something.

Yesterday he destroyed his group project, causing everyone in his group to fail. (Although I’m giving more time for the rest of his group to re-make all of their lost work)

I already tried calling his mom, the woman defends her precious son that “would never do such bad things, he’s such a sweetie”.

Today I was walking to the teachers room to grab my coffee and I saw the kid being dragged to a corner, I knew what was going on the moment I saw it and I just ignored what I saw and kept going my way.

The kid got roughed up and had to go home early while every soul at the class is silent shut about any “suspects” but I believe that everyone in the class knew about this for some time now.

I personally feel no remorse nor I plan to advance or help on the “investigation”. I just pretend nothing happened and gave my lecture as always.

No remorse.

MOTHER IS WILLING TO GIVE HEIRLOOM TO SON’S GF, BUT SHE HAS A PROBLEM WITH IT

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Hi. My boyfriend and I have been together for 5 years. His mum has always been really involved into our relationship since the beginning. Now that its almost the time for marriage, she asked me if im okay to get proposed to by my boyfriend with her old wedding ring. What should I say? Is it okay to get proposed to with her ring? What are your views? Please help me

Here are what netizens think:

  • Heirloom … you know what’s that right? It means his mom treat you like a jewel. Keep that ring with gratitude and ur soon to be husband to get u another set of your own. No women would want to give up her own wedding ring unless she’s very fond of her. Who knows when you have kids of your own in future, you can pass it down. Like heritage!
  • I am shocked with some of the comments here. I am almost certain being thrifty or saving money is not a consideration at all. It is the utmost honour your mother-in-law can bestow upon you. No mother-in-law will offer her own wedding ring if not for her utmost love for you and her son. It is likely priceless in her POV, heirloom or otherwise. However, it is likely an heirloom piece. My wife was so happy to receive my mum’s diamond, given to her by my paternal grandfather, a choice piece from my then late grandmother collection. Happily, she cherishes it more than the engagement ring I bought for her.
  • Of course it’s not ok. Modern singaporean lady should say no to any proposal that does not involve a Mercedes, Orchard road Condo and a contractual promise of immediate retirement. Please know your worth queen, go and get that bag and eternal happiness. Don’t give in to the sentimental rubbish.
  • I suppose u will get another new ring during wedding, right? So personally, for the proposal, I will gladly accept mom’s ring. I think the mom treasures me enough to hand something that meant much to her.

MFA CONDEMNS ATTACKS ON ISRAEL AFTER CIVILIANS KIDNAPPED & KILLED BY ARMED MILITANTS

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In a shocking and devastating turn of events, the Palestinian militant group Hamas launched a terror attack against Israel on October 7th, 2023, according to The BBC.

The Unprecedented Assault

Hamas militants employed unconventional means of infiltration, including motorbikes, paragliders, and sea-based incursions during their invasion of Southern Israel.

One of the most disturbing aspects of this assault was the indiscriminate violence against both soldiers and civilians. Lives were tragically lost, and the region plunged into chaos as a result.

After infiltrating Israeli territory, the militants took hostages and transported them back into Gaza. This act further exacerbated the crisis, placing innocent lives in grave danger.

The horrifying scenes of Israeli civilians being shot, kidnapped, and assaulted were captured on camera and shared widely on both social media and mainstream news outlets. These images have left the global community in a state of shock and disbelief.

The Gaza Missile Barrage

Simultaneously with the ground invasion, Hamas unleashed a barrage of missiles from the Gaza Strip into Israel. This attack aimed to sow panic and disrupt the lives of Israeli citizens.

In response to the rocket barrage, the Israel Defense Forces (IDF) initiated swift countermeasures to protect communities and military bases. The situation escalated rapidly as both sides engaged in a violent confrontation.

The Broader Implications

This attack has significantly escalated tensions in an already volatile region. It has strained the fragile relationship between Israel and Gaza, making prospects for peace even more elusive.

The international community has swiftly condemned the attack, calling for an immediate ceasefire and diplomatic solutions to the crisis. World leaders are deeply concerned about the escalating violence and its potential to trigger a larger conflict.

According to AP News, the death toll currently stands at 250, with another 1,500 injured.

Following the attack, Singapore’s Ministry of Foreign Affairs (MFA) issued a statement on the situation and condemned the rocket and terror attacks, calling for an end to the violence.

MFA’s press release

MFA Spokesperson’s Comments on the Situation in Israel, 7 October 2023

07 October 2023

Singapore strongly condemns the rocket and terror attacks from Gaza on Israel, which have resulted in deaths and injuries of many innocent civilians. Our thoughts are with the families of the victims. We call for an immediate end to the violence and urge all sides to do their utmost to protect the safety and security of civilians.

There are currently no reports of any Singaporeans affected. Singaporeans in Israel are strongly advised to stay near protected places and avoid unnecessary travel. They should be on high alert and monitor the news closely. They should follow instructions from the local authorities and take the necessary precautions for their personal safety. Singaporeans should avoid all travel to the south of Israel. Singaporeans travelling to Israel should e-register with MFA at https://eregister.mfa.gov.sg if they have not already done so.

Singaporeans who require consular assistance are advised to contact the Singapore Embassy in Tel Aviv or the 24-hour MFA Duty Office at:

Singapore Embassy in Tel Aviv

Address: 28 HaArba’a Street
South Tower, 19th Floor
Tel Aviv 6473926
Israel

Tel: +972 3 7289334

Emergency Tel: +972 5 0697 6188

Email: [email protected]

MFA Duty Office

Tel: +65 6379 8800 / 8855 (24-hour hotline)

Email: [email protected]

.   .   .   .   .

MINISTRY OF FOREIGN AFFAIRS

SINGAPORE

7 OCTOBER 2023

Images source: Hareem Shah on X

PAWNSHOP WORKER STOLE LUXURY WATCHES WORTH $70K, THEN LIED TO POLICE THAT HE WAS ROBBED

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In a shocking turn of events, Kang Eng Boo, a 60-year-old pawnshop runner, found himself at the center of a criminal breach of trust case involving luxury watches and jewelry worth over $70,000.

He was sentenced to 10 months and 2 weeks imprisonment on 6 October after pleading guilty to one count of criminal breach of trust and another charge of lying to the police, according to The Straits Times.

The Pawnshop Runner’s Responsibility

Kang Eng Boo had been a employee at a pawnshop located on Temple Street for over a decade. His primary role was to sell second-hand watches and jewelry that were consigned to the shop.

As part of his job, Kang was entrusted with valuable items that were to be sold to interested buyers. However, the pawnshop had strict rules: any proceeds from the sale of these consigned items were to be promptly handed over to the pawnshop. If the items remained unsold, they were to be returned to the shop.

The Luxury Loot

Between June and August 2020, Kang was handed a collection of high-end items, including four Rolex watches, an Omega watch, a Franck Muller watch, and a diamond bracelet, with a total estimated value of $70,058.

These items were placed in his care for the purpose of resale to potential buyers interested in second-hand luxury items.

The Deceptive Act

The plot thickened when Kang returned to the pawnshop on August 11, 2020, and informed the administrative assistant, known as ‘S’, that he had successfully sold three out of the seven consigned items.

However, he claimed that someone had stolen the bag containing both the proceeds from the sales and the four unsold items. When questioned further about the buyers, Kang hesitated to provide any information.

Three days later, on August 14, Kang admitted to ‘S’ that he had filed a false police report about a snatch theft that supposedly occurred on August 9.

In his fabricated account, he explained that the bag containing the items and the cash had been stolen. Kang also promised to reimburse half of the total value of the items to ‘S’s boss.

However, when he failed to fulfill this promise, a police report was filed against him.

The Unraveling Truth

As the police investigation unfolded, Kang initially continued to insist that he was a victim of snatch theft. But soon enough, his story began to unravel.

He changed his account and claimed that he had simply misplaced the bag at a unit in Lorong 14 Geylang on August 8.

However, investigative evidence contradicted his statements, revealing that he had never been in that area on that particular date.

The shocking revelation that Kang had kept the luxury watches and jewelry for himself rather than returning them to the pawnshop was a critical turning point in the case. Notably, Kang has not made any attempt to make restitution for his actions.

30 Y.O WOMAN SAYS HER PARENTS ARE CONTROL FREAKS, “LIFE NO MEANING”

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Prisoner in my own home

I am 30F, single and still staying with my parents. Every day the resentment towards my mother is building and I feel like I’m about to burst. I am miserable.

My mother has always been a control freak. She controlled every single thing I do from the moment I was born.

In primary school, she insisted on fetching me to and from school every single day. She quit her job and became a full time housewife. Primary school was still bearable as I was easily manipulated.

Secondary school came and I thought I would finally have some independence, but no, she insisted on driving me to and from school every single day even though our house was a 15 minute walk away and I was perfectly capable of making that walk. She would arrive early outside the school gates and park the car right in front so she could see me as I walked out of the school gate. All extra curricular activities had to be reported early to her, exact times that I would end class/cca so she could be outside the gate. I was not allowed to go out with my friends to study or walk around the neighbourhood mall. I had to say bye to my classmates at the gate and watch longingly as they headed off in a group. School holidays were also off limits, I could only be out with her or my family and no meeting up with friends was allowed. Friends would often laugh and say that I’m a mama’s pet, or that I didn’t know how to go home myself. I always tried to laugh it off, although it really hurt that I couldn’t be “normal”. I argued with her a lot over this period, but it was useless. I also started to drift apart from friends, especially during the long holidays.

When I entered JC I thought maybe this is finally the time for independence. I had a fresh start. Well, I was wrong again. Once again, the car was parked right outside the school gate. I had to report timings all over again. I had a phone, which she called relentlessly every time I was late coming out of the gates or I haven’t appeared at the said timing. Classes and CCAs don’t always end exactly on time. The teacher would still be talking but I wouldn’t be able to focus because my phone was buzzing endlessly because of the delay and my mind was more focused on the fact that I was going to be scolded for ending late, or worse still, she would start calling the school and even enter the school to search for me. My anxiety got even worse. As usual, I could not go out with friends after school or during the school holidays, and I could not go home by myself. I didn’t even own the house keys. Friends drifted apart again, especially after graduation and having to decline all the invitations to gatherings and birthdays. They thought I didn’t want to meet them, and I was too embarrassed to explain my house arrest situation.

Uni was supposed to be a fresh start for me. I picked a uni that had hostels and applied for a place. Finally, I would get some space of my own and no more waiting cars. After a long argument, I moved in my first semester. I thought maybe I could finally get to know some people, but mother had some rules before allowing me to stay in school hall. After class, I was to go pack dinner and go straight back to hall, shower, and then go inside my room and turn on the webcam. The webcam had to be on until I went to sleep so she could see me eat, do my work, etc until I went to bed. Only around 11pm would I be allowed to turn it off and go to bed. At the start I was so happy to be out of the house I agreed to these rules. Neighbours on my floor would ask if I wanted to eat together or study together, but I always had to come up with an excuse because I couldn’t. I couldn’t go to uni by myself either, she drove me there on Mondays and picked me up Friday evenings. I begged her to let me stay the weekend to study with my friends but she threatened to stop me from staying in school. School holidays were equally miserable, by then I barely had any friends, and would go out with my friends for a meal maybe once every holiday, and even then it became a source of anxiety trying to think of how to break the news to my mother. She needed to know the friend’s background, what time I would go and come back, where I was going, and she would then drive me there and wait around nearby. It was difficult because how the hell would you know what time a meet up ends? What if they decide to get dessert?

I’ve been working a standard job since I graduated. I have no close friends, just acquaintances. I go to work, come home, stay in my room, and repeat. I still feel like a prisoner. I can’t lock my room door because I don’t have a key, and she would keep knocking on the door until I opened up. She barges in many times a day even as I’m working. She controls the furniture in the room and things have to be tidied up her way. I can’t curse, I can’t swear. I can’t drink alcohol, I can’t smoke. I can’t come home late because she knows what time I end. If I happen to only be able to reach home at 10pm or later I can’t walk home myself because its “too dark and many foreign workers near the path” so she’ll pick me up. After 11pm she’ll come into my room and hover, asking why I’m still awake. I can’t watch tv shows or movies that are too suggestive/there’s nudity/ lgbtq+/even kissing sometimes. I watch shows like game of thrones at night on my phone under the covers like a teenager. Otherwise, my cursor is constantly hovering over the minimise button, waiting to click when I hear footsteps coming. She does not allow me to stay home by myself, saying that it’s not safe because people might see and invade our house because I’m female. I can’t go out by myself either, I have to report location, who I’m meeting and why. Sometimes I just want to go to Starbucks and read a book alone but there are so many things to lie about/explain I just give up the idea. If I want to go somewhere alone, she insists on going with me. She does not allow snacks in the house because they’ll make me fat, and I had to hide snacks in my room and eat them when she goes to bed. She constantly criticises my food choices, especially when Im eating with her outside and just makes me feel guilty all the time. She doesn’t like the fact that I’m a little pudgy and constantly points it out. Even my clothes have to be vetted by her- no cropped tops, no short skirts. Every morning I wake up with her voice complaining about something or other. She checks all my parcels (online shopping) to see whats inside and always tells me I’m wasting money/ why buy so many things. I get parcels only once a week at the most. She’s very paranoid, always thinking people are out to get her, that my colleagues are evil, my friends are jealous etc.

I know that she loves me in her way but I am wondering if this is the way my life is going to go forever. Will I only get freedom when I’m a senior citizen and she’s no longer around? I’ve asked for advice before on another platform but usually people just ask me to move out if things are so bad. I’ve broached the subject of moving out with her and she flew into a rage, saying that I’m improper and people are purposely trying to harm me by putting ideas into my head and only westerners move out. Because I’m single, she insists on not letting me move out. I’ve never been in a relationship, and probably never will because of the circumstances. Can you imagine me asking her if I can go on a date? She’ll probably follow me around.

I’m at my wits end. I know my problems are small compared with people worse off than me. I have a roof over my head and food on the table. I want to go out whenever I want without planning days beforehand and get through so much anxiety over every single thing I do. I want to watch game of thrones on the tv with speakers on. I want to lay out my furniture the way I want. I want to be normal, but I feel like a prisoner. I’m thirty, not twelve.

Sometimes I fantasise about her death, and how my life would be completely different. I feel really guilty that I think this way. I do love her, but she just makes it so difficult all the time.

I don’t know how to escape. I mentioned moving out but she threatens to sell the house/even suicide. I’m not allowed to be at home alone. I have been diagnosed with depression around 6 years ago. I feel like a prisoner.

Has anyone been in a similar situation before? Have you gotten out? Please help, because life has no meaning right now.

MAN SAYS WHY BUY A $152K COE CERT WHEN YOU CAN BUY A CONDO IN MALAYSIA

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In today’s automotive landscape, the price of a Certificate of Entitlement (COE) in Singapore has reached staggering heights. At a whopping $152,000 for a 10-year COE, which translates to $15,200 annually, it’s becoming increasingly burdensome for residents. Even for smaller cars, the cost is substantial, at $104,000 for a 10-year COE, or $10,400 per year. And these figures don’t even include additional taxes imposed on vehicles and the actual purchase price of the car. On top of all this, there are road taxes and congestion charges in the form of Electronic Road Pricing (ERP). The result? Most cars in Singapore are priced well over $200,000.

The netizen said:

The Certificate of Entitlement is now $152k for 10 yrs, which is $15.2k per yr. For the smaller cars, it’s $104k for 10 yrs, which is $10.4k taxes to govt. Haven’t add on the other 2 taxes impose on vehicle and the vehicle’s price. On top of that, we still have road taxes and congestion tax in the form of ERP.

Most of the cars are easily near to $200k and above.

It’s a tax on the whole nation, cuz even goods carrying vehicles are taxed with COE. Goods vehicle COE are closed to 90k, which works out to 9k per yr for the govt.

For those who thinks it doesn’t affects you, it does, whether you own vehicle or not.

The Burden of COE

The Rising Cost of Owning a Car

With the COE prices soaring, owning a car in Singapore has become a luxury that many can hardly afford. The hefty upfront cost of a COE, coupled with various other taxes, can put a significant dent in your savings. For those who rely on their vehicles for daily commutes, the financial strain is palpable.

An Alternative Perspective

As the COE prices continue to climb, some individuals are reevaluating their transportation choices. Instead of sinking money into a rapidly depreciating asset, they are exploring alternatives. One intriguing option is investing in real estate across the border in Malaysia.

The Appeal of Malaysian Condos

Affordable Real Estate

Malaysia boasts a thriving real estate market with a variety of properties available at a fraction of the cost of a Singaporean COE. For the price of a COE alone, you can acquire a beautiful condominium in Malaysia, complete with modern amenities and a comfortable living space.

Proximity to Singapore

One of the key advantages of investing in Malaysian real estate is its proximity to Singapore. Many Malaysians commute daily to work in Singapore, thanks to efficient transportation links. This means you can enjoy the affordability of Malaysian property while maintaining access to your job in Singapore.

Diversification of Assets

Diversifying your assets is a prudent financial strategy. By investing in a condominium in Malaysia, you not only gain a comfortable place to live or rent out but also a tangible asset that can appreciate in value over time.

Escape from COE Worries

Owning a car in Singapore often comes with ongoing concerns about the rising cost of COEs and the potential for future price hikes. By investing in a Malaysian condo, you can free yourself from these worries and enjoy a more stable and predictable financial future.