Author: Investment Income for Life

The 99 years leasehold expiry issue that was recently hotly debated due to the comments from the National Development Minister is actually not just restricted to HDB. Yes, it also affects private property owners who purchased their properties under a 99 years tenure. Simply put, all leasehold properties, whether public or private, will eventually go back to the state upon expiry. The Singapore Land Authority official stance is that its general policy will be to recover the land upon lease expiry. For HDB, do not expect all aged flats to be eligible for Selective Enbloc Redevelopment Scheme (“SERS”). This...

Superhero strength and superhero cash generating abilities best describe Fu Yu Corporation (“Fu Yu”). Fu Yu is a business listed on the Singapore Stock Exchange focusing on fabrication of precision moulds as well as sub-assembly of precision plastic parts and components. The Fu Yu Group of companies have non-existent bank borrowings on the face of their statement of financial position. Yes…..this is not a typo error…zero borrowings from the bankers. It is even sitting on a cash hoard of over S$98.4Mil as at Q1 2018 which was built up over the years. This represented an impressive translation of S$0.131...