Developers' home sales top 1,000 units in Feb

[Enhanceyour calm]

nevermind you are not that bright. not worth explaining to

Never pretended I was that bright anyways.

You, on the other side, seem to rejoice that Westerners on expat packages will be gone to be replaced by Chinese / Indians on local terms. When this happens, what do you think will happen to rents, especially in prime districts?

Talking about shootind one self in the foot...

The Indian and Chinese expats will earn the same salary packages as the western expats. They will just do a one for one replacement simply because employers would have lost faith in western expats after witnessing what a mess they created for the world and how are stumbling to put things in order. They just realised that westerners being better informed, smarter etc was all a myth camouflaged by their smooth talking skills.

If you believe what you just wrote you are a deluded nutcase.

You really think the Indians and Chinese expats get the same as westerners on average - think again Einstein.

The lower costs is what makes them attractive - I work with them in a major MNC

How stupid. Are your talking about race or nationality or position or employer now?
Does your major MNC pay your CEO based on his race or nationality? Ridiculous.

 

His/her answer was a fairly obvious reply to an absurd comment. Best not to try to make too much of it.

[What a joke]

The Indian and Chinese expats will earn the same salary packages as the western expats. They will just do a one for one replacement simply because employers would have lost faith in western expats after witnessing what a mess they created for the world and how are stumbling to put things in order. They just realised that westerners being better informed, smarter etc was all a myth camouflaged by their smooth talking skills.
[/quote]

Your level of delusion is frightening. I do not believe you have ever worked for a MNC, or have any understanding how these companies work, such is your crass ignorance.

For starters, Einstein, the IMMENSE majority of MNC's come from the West (US, Europe, Australia). So your comments about them stopping to employ Weetsrners is ludicrous, no less. In the long run, we might see the emergence of Asian MNC's (obviously, I'm not talking about Japan, which has had successful MNCs for some time) but those coming from India and China will essentially compete on price (at least in the foreseeable future), so I can't see them handing 1000's of lavish expat packages.

Second, when MNC's want to employ Chinese or Indians, they employ them...in China and India! Why on earth would you want them to ship them to Singappore where the operating costs are higher?

Third, even if they are offered an international move, the immense majority are done on local terms: they are put on the local HR scale of the country they come working in. The company generally pays all relocation costs, plus generally a one time lump-sum, and then they have to look after themselves for housing, school fees etc. This, by the way, applies to more and more Westerners going on international transfers as well.

Fourth, I am actually one of the guys reviewing and signing-off on expat packages / international transfers with a large US MNC, so this comes from 1st hand experience. And what I can tell you is happening right now is that ALL international relocations have been frozen because we, as everybody, are in a cost reduction plan. To get one approved right now is next to impossible: the position would need to be extremely critical, and would require both the HR SVP and the CFO approval.

[Delusional moron]

The Indian and Chinese expats will earn the same salary packages as the western expats. They will just do a one for one replacement simply because employers would have lost faith in western expats after witnessing what a mess they created for the world and how are stumbling to put things in order. They just realised that westerners being better informed, smarter etc was all a myth camouflaged by their smooth talking skills.

Your level of delusion is frightening. I do not believe you have ever worked for a MNC, or have any understanding how these companies work, such is your crass ignorance.

For starters, Einstein, the IMMENSE majority of MNC's come from the West (US, Europe, Australia). So your comments about them stopping to employ Weetsrners is ludicrous, no less. In the long run, we might see the emergence of Asian MNC's (obviously, I'm not talking about Japan, which has had successful MNCs for some time) but those coming from India and China will essentially compete on price (at least in the foreseeable future), so I can't see them handing 1000's of lavish expat packages.

Second, when MNC's want to employ Chinese or Indians, they employ them...in China and India! Why on earth would you want them to ship them to Singappore where the operating costs are higher?

Third, even if they are offered an international move, the immense majority are done on local terms: they are put on the local HR scale of the country they come working in. The company generally pays all relocation costs, plus generally a one time lump-sum, and then they have to look after themselves for housing, school fees etc. This, by the way, applies to more and more Westerners going on international transfers as well.

Fourth, I am actually one of the guys reviewing and signing-off on expat packages / international transfers with a large US MNC, so this comes from 1st hand experience. And what I can tell you is happening right now is that ALL international relocations have been frozen because we, as everybody, are in a cost reduction plan. To get one approved right now is next to impossible: the position would need to be extremely critical, and would require both the HR SVP and the CFO approval.
[/quote]

Tne Western MNCs are all falling apart one by one. Many of them have new majority asian shareholders. It is a matter of time the western expat will become a rare breed in Singapore. You must be blind if you can't notice the large number of very senior Indian expats in major corporations in Singapore. You could hardly see this 5-6 years ago. IN another 10 years the Western expat will be history thanks largely to their own kin messing up their countries and corporations really bad. Can't you see the big sale that is going on in the West and who are its buyers?

[Really?]

The Indian and Chinese expats will earn the same salary packages as the western expats. They will just do a one for one replacement simply because employers would have lost faith in western expats after witnessing what a mess they created for the world and how are stumbling to put things in order. They just realised that westerners being better informed, smarter etc was all a myth camouflaged by their smooth talking skills.

Your level of delusion is frightening. I do not believe you have ever worked for a MNC, or have any understanding how these companies work, such is your crass ignorance.

For starters, Einstein, the IMMENSE majority of MNC's come from the West (US, Europe, Australia). So your comments about them stopping to employ Weetsrners is ludicrous, no less. In the long run, we might see the emergence of Asian MNC's (obviously, I'm not talking about Japan, which has had successful MNCs for some time) but those coming from India and China will essentially compete on price (at least in the foreseeable future), so I can't see them handing 1000's of lavish expat packages.

Second, when MNC's want to employ Chinese or Indians, they employ them...in China and India! Why on earth would you want them to ship them to Singappore where the operating costs are higher?

Third, even if they are offered an international move, the immense majority are done on local terms: they are put on the local HR scale of the country they come working in. The company generally pays all relocation costs, plus generally a one time lump-sum, and then they have to look after themselves for housing, school fees etc. This, by the way, applies to more and more Westerners going on international transfers as well.

Fourth, I am actually one of the guys reviewing and signing-off on expat packages / international transfers with a large US MNC, so this comes from 1st hand experience. And what I can tell you is happening right now is that ALL international relocations have been frozen because we, as everybody, are in a cost reduction plan. To get one approved right now is next to impossible: the position would need to be extremely critical, and would require both the HR SVP and the CFO approval.

Tne Western MNCs are all falling apart one by one. Many of them have new majority asian shareholders. It is a matter of time the western expat will become a rare breed in Singapore. You must be blind if you can't notice the large number of very senior Indian expats in major corporations in Singapore. You could hardly see this 5-6 years ago. IN another 10 years the Western expat will be history thanks largely to their own kin messing up their countries and corporations really bad. Can't you see the big sale that is going on in the West and who are its buyers?
[/quote]

[MrHttp]

my goodness! my eyes ! my eyes! please use the quote tags appropriately it isn't that difficult - geez.

[What a joke]

Tne Western MNCs are all falling apart one by one. Many of them have new majority asian shareholders. It is a matter of time the western expat will become a rare breed in Singapore. You must be blind if you can't notice the large number of very senior Indian expats in major corporations in Singapore. You could hardly see this 5-6 years ago. IN another 10 years the Western expat will be history thanks largely to their own kin messing up their countries and corporations really bad. Can't you see the big sale that is going on in the West and who are its buyers?

 The only Western MNC's falling apart are the banks, and if you ask me, they got exactly what they deserve for the way they mis-managed their business. The problem being, of course, that there is no reason to rejoice because we'll have to rescue them with tax payer's money because of their criticality for the whole economy.

Then, there are the US car manufacturers, who should have gone belly up a long time ago given their ineptitude. Won't shed a tear - good riddance.

The rest of the Western MNC's (FMCG, Tech, Retail, Energy, Water Treatment, Services, etc.) are doing quite allright given the circumstances, and it will be some time before an Indian or Chinese company can create a brand anywhere as strong as the ones coming from the West.

There might be a number of very senior Indian expats in Singapore, but their lavish expat packages will be phased out at the same time as they are for Westerners, as a matter of cost optimization. You seriously think a MNC wil go out and say: "Allright guys, we cancel the expat perks for everyone EXCEPT if you are Indian or Chinese"

What planet do you live on, bozo?

First go work for a MNC, understand how they work and how decisions are made, and then we can have a discussion. For now, you just pull theories out of your ass which have not the slightest connection with reality.

[Dead Boring]

Jeez this is dull.  In 1997 when I first got transferred to Asia I was told that the business model I worked in wouldn't exist in 10 years and also that "expats are being phased out for less expensive Asian talent."

Really?  The business is the same as ever and there are still whiteys all over River Valley, Orchard, Bukit Timah, East Coast, Holland, Novena, etc.

But I'm sure "this time it's different"...

[What a joke]

Jeez this is dull.  In 1997 when I first got transferred to Asia I was told that the business model I worked in wouldn't exist in 10 years and also that "expats are being phased out for less expensive Asian talent."

Really?  The business is the same as ever and there are still whiteys all over River Valley, Orchard, Bukit Timah, East Coast, Holland, Novena, etc.

But I'm sure "this time it's different"...

You are right. I would even say that there are more Westerners in Singapore now than there were 10 years ago.

The difference being: when I first came to visit Singapore in 1996, probably 80+% of the Westerners I met were on full expat packages. Now, when looking around me, the proportion of full expat deals is substantially less. The deal, in a number of cases, seems to be: we send you on a 2-3 years assignment on full expat package, but if you decide to stay past this time, your contract has to be converted to a local one.

[Dead Boring]

I don't know the remuneration arrangements for the vast majority of people I know / see here.  So, that's hard to say.

The American School still seems full, and that place is really expensive so I assume all the families with kids there are on "packages".

However, "packages" themselves are silly.  I mean if I gave you a choice of salary+housing+transport+school equaling X amount or a "local" deal equaling double that, which would you take?

There are locals here who make lots and lots of money.  Local deals can be very lucrative.

[What a joke]

You are spot on.

I am on a local deal myself, but it is very, very good. I would have no incentive whatsoever to revert to an expat deal. I'd much rather get the cash, and have the flexibility on how I want to spend it.

When it comes down to the Americans, I think there is a little difference with other Western expats: because they get screwed so badly by their country's tax system (world wide income), they pretty much have to be on expat deals including a tax equalization component. Or it doesn't make sense for them to move here in the first place. And I have noticed that schooling fees tend to come as a standard feature of their packages.

Just my experience of what I've seen in my company, that is American. And it also seems to be the agreement most of my American friends are on.