FT willing to lowball the market. 
$1200 is a distinct possibility.
That's RMB6,000 after conversion, new grads in China only get
RMB2,000.
After they deduct of $150 for a room shared with 3 ppl, food of
$300 for a month, $60 transport cost. They still take back to China
RMB3,450, which is almost twice the starting pay of a graduate in
China.
I would definitely do that if I am a fresh grad
from PRC trying to start out in Singapore. After I get my
employment pass I can look for another better paying job if it
comes along.