Search Results for: hdb

Infographic – All You Need To Know About HDB Loan And Bank Loan (Guest Post)


Buying a HDB flat for the first time can be an intimidating experience. It’s probably the first big ticket purchase in your life that will take the next couple of decades to pay off, so you’d definitely want to rake in as much savings as you can. Perhaps you have not really thought about what kind of loan to take up. If you don’t already know, you have a choice between taking up a HDB or bank … [Read more...]

CPF Home Loan or Bank Loan?

Buying a HDB flat for the first time can be an intimidating experience. It is probably the first big ticket purchase in your life that will take the next couple of decades to pay off, so you would definitely want to rake in as much savings as you can. Perhaps you have not really thought about what kind of loan to take up. If you do not already know, you have a choice between taking up a HDB loan … [Read more...]

Income Review 2016


Not many streams of income left in 2016 that will bring me into 2017, having liquidate most of my positions to purchase a second home. Passive income: As can be seen... my passive income dropped from 2016 as compared to previous years. Liquidated most of my assets to get another house which i am currently staying in. So it will be like a fresh start in 2017 when i try to build up my … [Read more...]

Why I think reducing the Starting Land Lease of HDB flats from 99 to 60 years won’t help much


I bumped into a good friend not too long ago while I was on my way to a seminar. The conversation shifted again to one of the topics that we like to complain incessantly about, which is housing in Singapore is expensive. I made a resolution this year not to get into too many debates that lead nowhere but I do have a takeaway that some frightful things such as the fear of not being able to … [Read more...]

CPF Money That Keeps Growing (2017)

Not so long ago, my brother-in-law applied for the latest HDB launch of flats, and selected a 4-room apartment to ballot for. My brother-in-law had quite a few questions for me, but my memory is failing me as the process happened so long ago. Red Brick has an awesome infographic that answered a lot of his financing questions. Located right beside Woodleigh MRT, the apartment had a decent location … [Read more...]

50 Year old Lady’s Vagabond Life Living in Changi Airport for 8 Years – What I Learned


We depend a lot on our take home pay to fund our lifestyle. When you have a problem with your cash flow from your take home pay, what would you do? Many would: Try to borrow from friends and relatives. This is difficult because its not often that people are in a better financial situation then yourself and are likely unable to lend you the money Find a job that pays better, or pay at … [Read more...]

One Of The Financial Goals You Should Stop Aiming For In 2017???

After reading somewhere in the Cyber world; huh! So far; Uncle8888 hasn't met any retail investors who are still in the stock market and have admitted that they can't beat CPF OA interest rate of 2.5% CAGR. For his generation of seniors in their late 50s and 60s who have admitted; they have chopped their fingers and move on and never touch the stock market again. Real People. Real … [Read more...]

Buy 99 years leasehold or freehold property in Singapore?

For home buyers in Singapore, most would qualify for a BTO HDB flat. It gives the best value for money. Even a resale HDB flat is a good deal compared to the sky high asking prices of private condominiums. However, regular readers know that I would caution against buying very old HDB flats. "It's OK lah. I like the location and there is 60 years left to the lease." And how long are you … [Read more...]

CPF’s Home Protection Scheme (HPS).

The most significant big-ticket item for my family in 2016 was the purchase of our Executive Condominium (EC), The Terrace, at Punggol Waterway. Like many Singaporeans, being able to upgrade to an EC is our Singapore Dream. Arising from this purchase, we had taken a quite a big mortgage loan from one of the local banks and in the course of doing so, I did some research on mortgage loans. In this … [Read more...]

Mentally and financially prepared for retrenchment.

This is part of an email a reader wrote to me after reading an updated blog post. (They invested in multiple properties and are now retrenched.) Reader: "Their experience is getting more common. I am in my late 50s and I see many friends and relatives in my age group being asked to go. I am sure it will be my turn soon as the company has not been doing well.  "I have been reading your … [Read more...]

They chose financial independence over home ownership.

This is somewhat extreme but watch how this Canadian couple chose financial independence over home ownership. They are in their 30s and, well, they are retired. If we qualified for a BTO HDB 5 room flat which costs, maybe, $500,000 today, why do we need to buy a condominium which costs $1.5 million, for example? If we didn't need so much living space, would a BTO HDB 3 room flat in Choa Chu … [Read more...]

My girlfriend is more than US$100K in debt!

Human beings are rarely solitary. Although in modern societies with very high cost of living like ours, fewer people are thinking of getting married unless they want children (but, in Singapore, people who don't want to have children will still get married just to get a BTO HDB flat) and fewer who are married are staying married, many still need companionship in life. Realistically, once we … [Read more...]

Positive Experience With A Professional House Mover In Singapore


Readers of would know that Heartland Boy and Heartland Girl chose to purchase a HDB BTO flat over a HDB Resale flat. Having chosen this option, they now face an almost unbearable wait of 4 years before their HDB BTO would be ready. Having heard the wise words that a big space is not necessary for procreation, Heartland Boy decided to move into Heartland Girl’s house as an interim … [Read more...]

Choosing the right BTO flat


“Honey, let’s invest and buy the BIGGEST BTO flat in the MOST CENTRAL location so that we can sell it off for a huge profit next time!” Does this sound familiar? Indeed, this is the mindset of many Singaporean couples, who believe that buying and selling property is a sure way to make them rich. While BTOs are indeed one of the cheapest housing options around, biting off more than you can … [Read more...]

Happy 2nd birthday!


I barely scraped through this year. Even though my 2-posts-a-week was reduced to only 1 post this year, I am quite proud of myself. I managed to keep my blog running through pregnancy, birth and confinement. Of course, those posts were written beforehand so they were scheduled while I was going through all sorts of pain. However, after the mess settled, I jumped right back. I had lots to share … [Read more...]

Transactions, happenings Oct/Nov 2016


Didn't blog for 2 months, was kinda busy. Did my monthly purchase of 100 units of either G3B or ES3. Guess 100 units work nicely based on savings of $300 a month. Other significant updates: (1) Finally secured a tenant for my HDB - market is indeed softening... the house sat empty for 1 month. While logically I know there is definitely a vacancy period, I can't help but feel that every day … [Read more...]

To pay down HDB housing loan faster or not?

Not only do all of us have different financial circumstances, we also have different capacities to stomach stress.  What works for one might not work for another (i.e. what might give someone peace of mind might be quite stressful for another). So, listen to what others have to say but, ultimately, make our own decision, one that will not rob us of our precious sleep. Chat with Reader … [Read more...]

Credit Suisse Wealth Report 2016: Average wealth per adult rose 1.4 per cent to US$276,885 (S$394,000)


The annual Credit Suisse report is out for 2016. Some data that are of more interest to Singapore are as follows:2016 Average wealth of a Singaporean: US$276,885 (S$394,000) The report also broke down this value to:Financial wealth per adult: US$180,414Non-financial wealth per adult: US$151,239  Debt per adult: US$54,7682015 data for reference: Average wealth: US$273,085Financial … [Read more...]

Making a four- room HDB functional for less than $8,000


I just moved into our 4- room resale HDB flat, and we made it functional in less than $8,000! Notice, I didn't use the word renovate as we didn't hire people for renovation works. As such, let's use the term functional here. Initial Condition of the Home Before we moved in, the home came with the following: In- tact flooring tiles Adequate power points Available fibre optic point … [Read more...]