19 April, 2009

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A reader's comment on TOC It does get worse.

" I heard on CNA yesterday that the new HDB development, The Peak @ Toa Payoh is selling at $720k for a 5 room flat…To me, this is a ridiculous price to pay.

I remember that when I first graduated as an Engineer 18 years ago, my starting pay was at $2+k then (common amongst my cohorts) and now after so many years I am hiring fresh graduates also in the same $2+k range.

I struggled then to pay my executive HDB flat as a fresh grad which cost me $200k then.

I wonder how the young graduates can pay for decent living in Singapore with the same salary I had when I first graduated so many years ago.

Life in Singapore has regressed. Sad. "

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