Search Results for: hdb

99-YEARS REALLY MEANS 99 YEARS? NOT FREEHOLD?!?!

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Okay, I think it's good that MND Lawrence Wong has finally clarified AGAIN for all the stupiak people out there that are not so sure what "leasehold" means. Some good quotes from the Straits Times article, but I highlighted my favourite one and it's the more important thing to note: "... for most HDB flats, their leases will eventually run out and the flats returned to HDB, which in turn … [Read more...]

How Investing In Foreign Property Destroyed My Family Wealth

When Heartland Boy applied for a role at a real estate developer after graduation, the hiring manager asked during the interview, “you graduated with a degree in Business Management, why do you want to work in the property sector?” Heartland Boy replied, “My experience with the real estate sector started when I was only very young, probably at 6 years old. I understand that many households in … [Read more...]

Personal Finance is Really Personal (CPF / Insurance/ Housing /Saving /Investing etc)

Personal finance is an interesting subject which is really“ Personal “ as there are many factors affecting a person or family’s finances – how much to keep as saving vs investing , to buy term or life insurance , to take up HDB loan or from private banks , to buy HBD or Condominium and of course the hottest topic of CPF ( to transfer our OA to SA or do a voluntary cash top up into SA account) … [Read more...]

AK the born again teacher or a mental blogger?

Reader: I chanced upon your blog half a year ago and been following your every entry since then. In my free time, i try to read up your entries to get a grasp of what we can do to improve our wealth and be financially independent. Articles such as contribution to CPF SA holds dearly to my heart as it means the earlier we transfer from OA (of course living a portion for hdb flat payment) to SA … [Read more...]

TDSR, Seller’s Stamp Duty, HDB Resale Grant Changes Aimed at Helping Singaporeans Cushion an Increasing Challenging Singapore Outlook

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There are a slew of changes on buying and selling properties announced in this 3 short months of 2017. The way we should look at these policies is that the government have a few levers that they can pull and push to stimulate on the demand side or the supply side. There are various niche market segments as well. Here are some of my thoughts. Change in CPF Housing Grant for First Time … [Read more...]

HDB Loans vs Bank Loans, which Housing Loan should you get?

What type of housing loan should I get ? If you intend to purchase a HDB flat, you have two choices regarding the financing- you can either opt for a HDB loan or go for bank home loans. There are pros and cons for each, and you should make your decision strictly based on your own financial status and needs. Let’s discuss the features of these 2 types of housing loans. HDB Loan Being a … [Read more...]

Should Singaporeans be grateful for property cooling measures?

Singapore’s Second Minister for Finance Lawrence Wong said in a Bloomberg TV interview that the government hasn’t “made any movement in the budget” to relax the property cooling measures because “demand remains very resilient” and “property volume in terms of transactions have increased and not decreased”. Sacrificing housing affordability for foreign investment Singapore private property … [Read more...]

ISOTeam HY 2017 Results

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Results overview *Operating profit derived after deducting COGS, Marketing and Distribution Expenses, General and Admin Expenses, Finance Costs Bright spots Increase revenue in A&A, C&P and other business segments by 77%, 67% and 41% that picked up the slack for the fall in R&R segment First contract for HDB Improvement programme of $17.5m– higher profit margin job with … [Read more...]

Housing Finances – How Much Will Your First BTO Cost You?

Although we’ve yet to apply for our BTO, I’ve been asked to share my plans and financial calculations, so here goes! Hopefully this will help those of you who need a guide on how to plan your finances for your housing needs. I previously wrote about waiting for the February 2017 BTO launch, but unfortunately neither Bukit Batok nor Sengkang appealed to my fiancé and I as we prefer to stay … [Read more...]

Couple Talk: EC or Resale

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I've dated my partner for close to 5 years. I always joke that I gave him my youth (that's true). 5 years is a long time. I also joked about how if we're fortunate enough, we would already have a baby (好命的话,我的baby可能1岁咯). Unfortunately, we have been sorely unsuccessful in getting a flat. I probably am more anxious than him because I feel like I've an expiry date, and my biological clock is … [Read more...]

A Suitable Valentine’s Day Gift

When it comes to a suitable Valentine’s Day gift, Heartland Girl has certain OB markers. A HDB BTO surprise application on Valentine’s Day is a uniquely Singapore phenomenon. However, she would certainly disapprove of any guy who bids for a HDB BTO without first proposing to the girl. This simply drains all the romance out of the relationship. Therefore, any guy harbouring such thoughts for the … [Read more...]

Take home loan from bank and buy unit trusts!

Hi AK, I'm new to your site, saw quite a few interesting post from you.. Wonder if I can get some advise and directions to investment... Have $50k spare cash, now searching for what to invest... I have a $500k HDB housing loan. Some financial advisors asked me to switch to bank loan. Instead of using my spare cash to clear my housing loan, look for an investment product which is stable … [Read more...]

A tale of two HDB flats by Darles Chickens.

Chinese New Year is a time of family bonding, catching up with friends and also gossiping. What? Gossiping is not a Chinese New Year tradition? Alamak.  Oh, it is something we do daily? OK lor. Since this is the Year of the Chicken (What? Not Chicken? Is Rooster? Rooster is not a Chicken meh?), I present to you "A tale of two HDB flats" by Darles Chickens. Gossip Tale … [Read more...]

1st guest post from Ted of Redbrick

I receive no rewards/ compensation of whatsoever from this blog post. My intention is simple, someone ask me for help, I help. Red brick, is talking about HdB loans options. I do not see how providing convenient to Ted in this case can anyway turn out detrimental to my readers and I believe the info might be quite useful. Again, I emphasized, I do not endorse anything and receive nothing in … [Read more...]

Chip Eng Seng – What really matters in a Stock

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as I continue to find the next company for my $2k Construction & Engineering | Founded in 1998 | Build HDB (Pinnacle -famous one)/Condo , Woodlands driving centre Comparison will be done with Low Keng Huat [LKH] (Closest market cap) 1)  IDENTIFICATION OF COMPANIES THAT ARE UNDERVALUED. Price to book ratio : 0.542 (45.8% below its fair value) – (LKH at 0.648) Price to earning … [Read more...]

Choosing A Longer HDB Loan

A comment by Andy from Tacomob in a previous post on HDB loans led to this post. I was sufficiently intrigued to try and dig out my calculations from 5 years ago. Unfortunately, they are nowhere to be found. Heck, so I made new ones! This time, I cheated by using a financial calculator app, though. Sidetrack a little for now – I saw this post yesterday on buying a first home and the … [Read more...]

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

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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

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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

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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...]