Daily Briefing: Singapore's first retirement community nears completion; SBS Transit's 75% profit surge

And here's how much a good pay in Singapore is.

From PropertyGuru:

The first batch of residents in Singapore’s first retirement community, Kampung Admiralty, obtained their keys last Saturday.

Expected to be fully completed by early 2018, the 11-storey project in Woodlands comprises residential units, medical facilities, shops, as well as childcare and eldercare centres, with some facilities already operating.

“Here everything is under one roof so it’s convenient,” said 60-year-old dental therapist Rohani Ahmad, adding that older people don’t want to travel so far to get what they need.

Read more here.

From The Motley Fool:

SBS Transit Ltd announced its second-quarter earnings for 2017. The financial period was from 1 April 2017 to 30 June 2017.

Here’s a quick look at the financial figures from the latest quarter:

Revenue came in at S$287.8 million for the quarter, increasing by 7.0% or $18.8 million year-on-year.

Net profit surged 75.3% year-on-year to S$12.7 million. Net profit margin for 2Q 2017 was at 44.2%, a huge improvement as compared to 2Q 2016’s figure of 26.9%.

Consequently, earnings per share for the quarter was at 4.09 Singapore cents, up from 2.34 cents seen in 2Q 2016.

Read more here.

From Shares Investment via Yahoo!:

When you just started working, you would most likely be thinking: How much am I earning compared to the average Singaporean?

This article serves a simple guide and representation of the income distribution among Singaporeans in the world’s most expensive country with unique insights.

The Typical Singaporean Worker Median Monthly Salary is $3,500 (excluding employer CPF)

This amount increases by 3 – 5% every year across all ages

Local Fresh Graduates have a Median Gross starting salary is $3,360

Read more here.

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