Property
How My Parents Lost Their House
By Dr Wealth  •  August 6, 2014

My parents were born in the 50s and can be considered the Second Generation Singaporeans.

They weren’t highly educated but they worked hard. It is typical for that Generation of Singaporeans to be considered highly educated if you have passed the Cambridge ‘O’ Levels. My parents had Primary School qualifications.

They didn’t earn a lot but they had enough to get by.

Life could be better but it wasn’t that bad after all. There was nothing to complain about.

Like the rest of their peers, my parents found themselves working in the fast growing Singapore in the 80s to 90s. They contributed to the economic success of Singapore and also get a share of the wealth creation.

For example, they were the beneficiaries of the record low HDB prices we probably won’t see ever again. My parents bought their matrimonial house, a brand new 4-room flat in Tampines from HDB for $50,000.

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By Dr Wealth
Dr Wealth provides trusted financial education to individuals. We teach researched and actionable investment methods so that our graduates are successful in their investment journey and achieve market-beating returns.
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