Posted on May 22, 2010 - by Wilfred Ling

Man lost almost his entire property to siblings due to poor financial planning

Photo by Vincepal

I want to tell a story of how a person lost his entire HDB flat due to poor financial planning. No, it isn’t another property agent who rented his HDB illegally. The purpose of this blog article is to highlight the importance of financial planning but it is not meant to make fun of any persons. The story goes like this:

1. Mr. Cheong (his real name) bought a HDB flat under joint-tenants with his mother in 1983. Mr. Cheong paid the downpayment, mortgages, conservancy charges, utilities bills and property tax. Read more…

Related posts:

1. Financial planning – buying a property for own occupation
2. Financial Planning (1) – How much to save?
3. Poor financial future for Singaporeans