Author: Heartland Boy

Why I Reinstated My Dependants’ Protection Scheme At Age 30

Impending parenthood has forced Heartland Boy to re-evaluate his financial planning more holistically. As he reviewed his insurance coverage, he realised that the Dependants’ Protection Scheme (‘DPS’) has inexplicably slipped from his grasp. The explanation for this is that Heartland Boy automatically enrolled into the DPS at age 16 when he was a part-time waiter at a restaurant during the school holidays. That also marked the first time he made his first working CPF contribution. Subsequently, due to insufficient funds in his Central Provident Fund (‘CPF’), the DPS eventually lapsed after the 60-day grace period. With a dependent to...

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An Eye-Popping 3.88% For The Revised UOB One Savings Account

In a rising interest rate environment, it is not surprising to see some banks in Singapore beginning to reward savers with higher interest rates on their deposits. In the past month, UOB announced some changes to its popular UOB One Account. Headlining the change must surely be the eye-popping 3.88% p.a. savers can earn with the revised UOB One Savings Account as purported by the bank. This headline certainly got Heartland Boy’s attention and he spent a weekend morning to pore over the changes. Here is his review of the revised UOB One Savings Account and who are ultimately...

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Earn $250 Cash When You Apply For The Best Cashback Credit Cards On SingSaver

  In the midst of World Cup 2018 fever and the annual Great Singapore Sale, the folks at SingSaver contacted Heartland Boy about its fantastic promotion. This July, SingSaver has specifically curated a list of the best cashback credit cards in Singapore. With the exception of the American Express KrisFlyer Card, all the cards on promotion belong to the cashback category. This means that the credit card holder gets a portion of cash back for every valid spend incurred on the credit card. If you are not an air miles collector like Heartland Boy, this month’s promotion will benefit...

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What To Watch Out For In A REIT Manager Fee

Singapore Real Estate Investment Trusts (‘S-REITs’) have been a great investment asset class for the past decade. The definition of REIT is a listed vehicle that pools funds from investors to purchase real estate or real-estate related assets. While it has gained tremendous popularity amongst investors, not many realise the importance of Manager fees. In a ceteris paribus situation, a higher Manager Fee will eat into the distributable income of the unitholders. In this article, Heartland Boy will explain in great detail on: What type of fees do REIT Managers earn, What are the industry standards for Manger’s fees,...

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APAC Realty Limited: Initiation Report

Business Model of APAC Realty Limited APAC Realty Limited (‘APAC Realty’) operates a leading brokerage under the ERA brand in Singapore. It was listed on SGX on 27 September 2017 with ticker code of (CLN.SI). Its IPO public offer tranche was oversubscribed 29 times. As at 24 June 2018, it has a market capitalisation of USD$220 million. APAC Realty is helmed by Jack Chua and its key management team has an average of approximately 20 years of experience in the real estate industry. Jack Chua has been with APAC Realty for 27 years. As a provider of real estate...

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Why I Bought Maternity Insurance For My Pregnant Wife

Heartland Boy doesn’t like to take chances in life. Generally, he sees himself as having quite a risk-averse personality. This is most evident from his stop-loss strategy when it comes to investments. Not long after finding out that Heartland Girl was pregnant, he swung into the thick of things by researching about insurance for pregnant woman. Having conducted extensive research online, here is his review of the best maternity insurance policies in Singapore. More importantly, he also explains why he bought maternity insurance for his pregnant wife. What Is Maternity Insurance Maternity Insurance is a term insurance that can...

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Why I Bought The NTUC Enhanced IncomeShield Assist Rider

Earlier this year, the government announced that patients who buy new Integrated Shield Plan (“ISP”) Riders must make 5% co-payment, with an annual cap of $3,000. This is a change from the previous position whereby purchased riders could potentially waive the entire hospitalization bill. This intervention from the government left many private insurers scrambling as they have until 1 April 2019 to roll out new riders that include the co-payment and cap. Heartland Boy was caught with his pants down too as he only had an ISP with no riders. For too long, he had always felt comfortable enough...

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Bali As Our Top Babymoon Destination

Minutes after rushing out from the toilet to show Heartland Boy a positive pregnancy test kit result, Heartland Girl exclaimed, “We are going on a babymoon!!!” Sure, Heartland Boy has heard of honeymoon, but what exactly is a babymoon? Amidst the euphoria, it was not lost on Heartland Boy that perhaps this was one of his wife’s ingenuous ideas again. It didn’t take long in his marriage for him to realise that the common thread linking her ideas had always been Heartland Boy’s monies. “Errr, what is a babymoon?” asked Heartland Boy. “It is a vacation for parents-to-be before...

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Get Pointed To The Right Direction For Your Financial Goals

When Heartland Boy first understood the concept of savings, his mother helped him opened a POSB Savings Account. A few months ago, this savings received a boost when he was able to turbo charge them via the DBS Multiplier Account. These days, he can be seen happily scanning QR codes on his DBS Paylah App to get 50 cents discounts for his hawker meals. This customer stickiness is about to continue as something caught his attention when he logged on to the DBS Mobile App recently. He noticed that DBS has stealthily rolled out a very sleek feature- a...

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What Are The CPF Housing Grants For HDB BTO and Resale Flats

Heartland Boy was very impressed with Jeraldine Phneah’s savvy use of the housing grants available to reduce the cost of her HDB resale flat. He compares this with his own experience where the Heartland Couple did not enjoy any subsidy when they bought their HDB BTO in 2014. It got him thinking about how the various CPF housing grants available for HDB Resale and BTO flats. Besides factors such as the length of the leasehold, waiting time, CPF housing grants will add a further dimension to the age-old dilemma of HDB vs BTO. CPF Housing Grants are critical because...

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Can Viva Industrial Trust Replace Its Rental Income Support- Insights From Its 2017 AGM

Viva Industrial Trust (‘Viva’) conducted its FY2017 Annual General Meeting (‘AGM’) on 20 April 2018 at Viva Business Park (‘VBP’). Heartland Boy attended the event as a unitholder of Viva Industrial Trust. The mood was jovial and light-hearted as unitholders present were generally contented and satisfied with the performance of the Manager for the year. In addition, the Board claimed at the start of the AGM that it is not able to respond to queries regarding the proposed merger with ESR-REIT. Here are some of the material questions raised during the meeting, together with personal insights from Heartland Boy...

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Get Up Close With The Managers At REITs Symposium 2018

The 2018 edition of REITs Symposium is back and will be held on 19 May 2018 from 9am to 6pm at Suntec Singapore. If you are a unitholder of the 32 participating REITs and Business Trusts, this is an invaluable opportunity to interact with the Managers once again. You will be able to gain first-hand insights from them and get your queries clarified all at once. Furthermore, stakeholders from the REITs ecosystem will be participating in talks and panel discussions in an action-packed programme. REITs Symposium has reached out to Heartland Boy and extended a 30% discount to his...

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Planting A Seed Today With The Citi MaxiGain Savings Account

When Heartland Boy was researching for his Article titled “How To Get The Highest Interest Rates On Your Bank Savings Accounts”, the Citi MaxiGain Savings Account kept popping up. It seems to be a savings instrument that is highly recommended online. It was even mentioned by his peers during one of his poker sessions. In addition, current customers only to seem to have rave reviews about it. These certainly got his interest piqued. After spending time to research and understand the product better, Heartland Boy decided to open a Citi MaxiGain Savings Account recently. He thinks this is analogous...

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Should I Let HDB Wipe Out My CPF OA Before Collection Of Keys

After waiting for 4 long years, Heartland Boy will finally be able to collect the keys to his BTO. Not yet, but soon enough for him to start pondering about keys collection. Since he is likely to apply for a HDB concessionary loan, his thoughts inevitably swing over to the prospect of HDB wiping out the entire balances in his CPF Ordinary Account (‘OA’). This is the process whereby HDB will deduct whatever balances remaining in the CPF OA, thereby reducing the mortgage quantum, before granting the applicant a HDB loan. After doing some research online, Heartland Boy realises...

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Guide On Tax Reliefs For First-Time Working Parents

If you are a first-time parent, it is common to find that the new-born takes centre stage in every aspect of your life. Filing for taxes would be placed at the backburner even during the income tax reporting season. Unfortunately, as the saying goes, nothing in this world is as certain as death and taxes. Therefore, why not take advantage of your upgraded status as a working parent to lower your tax bill? As newly-minted parents, you will find that the Singapore government has conferred you a slew of tax incentives. To save you the hassle of combing through...

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