
Maid asks if she was wrong to request S$10k loan in exchange for renewing contract
'I'm finishing my contract [with] my employer this coming October. My employer asked me if I still want to continue. Then I tried to tell them what I wanted,' she wrote in a post on the MDW in Singapore Facebook group.
'I told them if they can lend me S$10,000, then I can continue to work. I told them that I need to start to build my home in my country, and I need a big amount of money. Just trying lah if they can lend me.'
To her surprise, the employer agreed to the loan. However, the helper now says she feels conflicted and guilty, as her previous employers recently returned to Singapore and contacted her as well.
'They are in Singapore already. They relocated to Thailand for four years. They contacted me to ask if I want to work for them again. And I decided to take that opportunity (but haven't voiced it out yet), because with that previous employer, I can borrow money, no matter how many thousands I really need.'
'And now I tried to tell my current employer that if they can lend me 10k SGD, then I will re-contract. And they said okay.'
She then asked other members of the group: 'Am I being too harsh or taking advantage of their kindness? I feel that I pity them. But the agreement is done already.' 'She thinks her employer is picking up money from the trees.'
In the comments, many netizens criticised the helper's request, saying they would have refused the S$10,000 loan without a second thought. Some added that they wouldn't have renewed her contract either, believing she was trying to take advantage of her employer.
'She thinks her employer is picking up money from the trees. I [would] replace her ASAP,' one comment read.
'Lately, I've heard more and more stories of helpers borrowing money either from employers or even unlicensed moneylenders. It makes me wonder … do we look like banks? Or is the motive for working here, for some, simply to find an easy way to borrow money?' another chimed in.
'Borrowing money from an employer is not wrong, but renewing your contract with this condition sounds absurd,' a third wrote.
Still, not everyone saw an issue with the arrangement. Some netizens argued that there was nothing wrong with asking for a loan, as long as the helper intended to repay the full amount.
'If the employer says yes, then why not, as long as you pay it back and work for them diligently,' one said.
Another netizen, who said she was also a helper, shared her personal experience: 'My maam, she helped me build my dream house back home. The total amount of money she sent was about S$45k, and every month she deducts like S$200. I've been working with them for 12 years.'
In other news, a Singaporean man recently shared his views on why many young job seekers are struggling in today's competitive job market.
In his post on the r/SingaporeRaw subreddit, he said that a lot of locals nowadays focus too much on developing their hard skills while completely ignoring their soft skills.
This, he believes, is costing them valuable professional opportunities. 'If you are currently a developer, for example, being technically skilled and kicking ass at LeetCode is, frankly speaking, going to get you nowhere,' he said.
Read more: 'Don't skimp on soft skills': Singaporean highlights key to staying competitive in today's job market

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Straits Times
33 minutes ago
- Straits Times
Singapore's Ninja Van said to halve valuation in latest funding round
Sign up now: Get ST's newsletters delivered to your inbox Ninja Van, backed by Alibaba Group, is set to raise US$80 million in a round that will slash its valuation by about half to around US$1 billion. SINGAPORE - Logistics start-up Ninja Van is in talks to raise an internal round which will slash its valuation by about half, the latest sign of tech companies struggling to navigate the funding winter plaguing South-east Asia. Singapore-based Ninja Van, backed by Alibaba Group Holding, is set to raise US$80 million (S$102.8 million) in a round that will reduce its valuation to about US$1 billion, according to people familiar with the matter. Existing investors B Capital Group – the venture capital firm set up by Meta Platforms co-founder Eduardo Saverin and Raj Ganguly – as well as Monk's Hill Ventures will be leading the round, said the people. Investors in this round secured favourable or preferential terms for a future exit, according to the people. A spokesperson for Ninja Van declined to comment. B Capital and Monk's Hill did not respond to requests for comment. Ninja Van is raising capital during one of the hardest possible times for fledgling firms. The South-east Asia technology industry has been plagued by job cuts, CEO resignations and falling start-up valuations amid prolonged global macroeconomic uncertainties, making it difficult for companies to secure funding or debut on public markets. Shares of regional tech peers Grab Holdings and Gojek parent GoTo Group have underperformed compared to Big Tech in the US as they work to balance growth and profitability in a region that's losing its lustre. While e-commerce is gaining popularity in the region of more than 650 million people, stiff competition and deep-pocketed players like J&T Global Express and Sea's SPX Express have kept profit margins slim in the logistics industry. Founded in 2014, Ninja Van operates in six markets in South-east Asia and delivers two million parcels a day, according to its website. Top stories Swipe. Select. Stay informed. Business Keppel to sell M1's telco business to Simba for $1.43b, says deal expected to benefit consumers Business Singtel, StarHub shares fall after announcement of Keppel's M1 sale Singapore Healthy lifestyle changes could save Singapore $650 million in healthcare costs by 2050: Study Opinion Anwar's government: Full house but plenty of empty offices Singapore 79 arrested, over 3kg of heroin seized in 5-day drug blitz Singapore Man's claim amid divorce that his mother is true owner of 3 properties cuts no ice with judge Asia Tourist spots in South Korea face complaints over rude service, price gouging during peak season Business Nvidia, AMD to pay 15% of China chip sale revenues to US, official says It raised US$578 million in a Series E round in 2021 from participants including Alibaba and B Capital Group. The round lifted the company's valuation to well beyond US$1 billion, turning the start-up into a unicorn. BLOOMBERG


CNA
33 minutes ago
- CNA
Market Insights - Deglobalisation, Debt, Demographics and AI
Market Insights About the show: Join a panel of financial experts as they unpack the key investment trends defining the second half of 2025 amid rapid economic and technological shifts. Discover how AI and deglobalisation are reshaping opportunities. Learn how to navigate market volatility, build resilient portfolios and position your investments for growth. Brought to you by UOB Privilege Banking.


CNA
33 minutes ago
- CNA
Residents' support, compensation will be key to VERS success, experts say
SINGAPORE: Winning over residents will be a key challenge as the government develops the framework for the Voluntary Early Redevelopment Scheme (VERS), experts said. While the scheme is a proactive step in addressing the issue of decaying public housing leases, they noted that its success may be hindered by the varied needs and concerns of residents. The analysts were reacting to comments by National Development Minister Chee Hong Tat, who on Sunday (Aug 10) laid out a timeline for the development and implementation of VERS. In an interview with the local media, Mr Chee said the government aims to work out details of VERS – such as how to identify potential sites, ensure enough homes are ready in time and offer 'fair' packages for affected residents – within its current term. Once policy parameters are in place, VERS will be piloted at 'a few selected' sites, likely from the first half of the next decade, he said. VERS, announced in 2018 by then-Prime Minister Lee Hsien Loong, allows the government to buy back Housing and Development Board (HDB) flats nearing the end of their 99-year leases, compensate residents and redevelop the land. The scheme is offered to selected precincts when flats are about 70 years old. Unlike the Selective En bloc Redevelopment Scheme (SERS), which is compulsory, VERS requires residents to vote. And as the flats will be older, VERS may have 'less financial upside' for residents, Mr Chee said. SECURING RESIDENTS' BUY-IN A CHALLENGE Professor Sing Tien Foo, provost's chair professor of real estate at the National University of Singapore's (NUS) Business School, said: 'VERS could help alleviate lease decay issues, especially when leases are shortened and it becomes difficult to find interested buyers.' The scheme offers home owners a way out of this dilemma, he added. However, Prof Sing noted that not all residents may support the scheme, which depends on collective approval. 'The collective action to secure buy-ins will be harder to organise when more residents are involved. Striking a balance and making trade-offs will be crucial at the policy formulation stage for those evaluating policy design,' he said. Dr Lee Nai Jia, head of real intelligence at PropertyGuru Group, said past SERS exercises showed that relocation can stir strong emotions. 'Even with substantial financial incentives, not all are willing to move, and with lower incentives, securing broad agreement may be more challenging.' Older home owners may face greater difficulty relocating and need higher compensation, while newer home owners may be reluctant to leave because of emotional or financial investments in their homes. Others may embrace the opportunity for a new flat with modern amenities. Dr Lee added that a framework may be needed to mediate and balance these differing views, given the diversity of home owner profiles in mature estates. ERA's key executive officer Eugene Lim raised concerns about lower compensation compared to SERS. 'Some older owners may worry about being priced out of replacement homes and, as a result, may be reluctant to participate in VERS, potentially leading to unsuccessful exercises,' he said. 'VERS is important in addressing the impact of lease decay, but its execution is an uphill task given the need to meet the diverse needs of all owners. As such, we may not see a high success rate,' said Mr Lim. To improve uptake, Mr Lim suggested giving residents priority in selecting replacement homes within their current neighbourhoods. Mr Mohan Sandrasegeran, head of research and data analytics at Singapore Realtors Inc, said that attractive compensation packages, clear redevelopment timelines and transparent rehousing options would be key. 'Communication will be key as residents need clarity on the benefits and trade-offs to make informed decisions,' he added. BTO CHANGES MAY BE GRADUAL In his first sit-down interview with the media since taking over the national development portfolio in May, Mr Chee said the government is also reviewing the eligibility age for singles to buy Build-to-Order (BTO) flats, along with income ceilings. Changes will be introduced at an 'appropriate time', with supply readiness being a key factor. Singapore plans to launch around 55,000 BTO flats from 2025 to 2027 – 10 per cent more than the earlier target of 50,000. Over a 10 to 15-year horizon, at least 80,000 new public and private homes will be built, according to the Draft Master Plan 2025. Currently, the BTO income ceiling stands at S$14,000 (US$10,877) for families and married couples. Singles can only purchase BTO or resale flats from age 35. Experts said a review is timely, as the income ceiling was last adjusted in 2019 and both incomes and home prices have since risen. Dr Lee from PropertyGuru Group noted that first-time home owners are more likely to exceed income limits due to later marriages, and many singles now wish to live independently. The government's review reflects an effort to align housing policies with changing demographic patterns and aspirations, said analysts. 'These potential changes signal the government's willingness to adapt policies in line with social needs, while balancing affordability and equitable access,' said Mr Sandrasegeran. HOUSING SUPPLY STABILISING Experts said tweaks to eligibility rules are more feasible now, given stabilising housing demand. NUS' Prof Sing pointed to the fall in median first-time application rates for three-room and larger flats – now at 1.4 times in the July BTO exercise, down from 4 to 5 times during the pandemic. The government is also ramping up supply of BTO flats with shorter wait times. About 4,500 such units will be launched this year, up from 2,800 in 2024. From 2026, around 4,000 flats with shorter waits will be released annually – one-third more than the original target. Dr Lee said the move helps establish a steady pipeline to meet demand from both couples and singles. Still, any policy shift will likely be gradual. 'The government is aware that this will lead to higher demand for BTO flats and may calibrate the changes based on how much supply it can introduce in the short term,' said Mr Lim. On the possibility of lowering the BTO eligibility age for singles, Huttons Asia senior director of data analytics Lee Sze Teck said it may not happen soon, given recent changes already made to singles' access to public housing. Since October, singles have been allowed to buy two-room flexi flats in any location. In July, they were also included in an enhanced Family Care Scheme, which prioritises applicants seeking to live with or near parents. These changes have already led to strong demand for two-room flexi flats, said Mr Lee. 'I think a bit more time will be needed to let the application rates stabilise before they review further changes,' he said. Prof Sing added that any easing of the minimum age could be done in phases to ensure affordability. He also suggested exploring policy options that make it easier for singles who marry later to upgrade to larger flats. 'The policy should not be seen as a barrier to family formation. Some individuals would still aspire to find their partners and get married, but the decisions were delayed due to various reasons,' he said.