Author: Seedly

Key Things To Know About The Ascott Residence Trust And Ascendas Hospitality Trust Merger

On 21 October 2019, through their handheld devices, shareholders from both sides gave their blessings to the marriage between Ascott Residence Trust (Ascott) and Ascendas Hospitality Trust (A-HTrust). With combined assets of S$7.6 billion, the new entity – Ascott REIT Business Trust (Ascott REIT-BT) (SGX: A68U) — will form the largest hospitality trust in Asia Pacific and the eighth largest in the world. Ascott REIT-BT will be structured as a stapled security: a real estate investment trust and a business trust joined together. The news of the merger came on 3 July 2019 shortly after CapitaLand completed the acquisition of Ascendas-Singbridge on...

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What Most 20-Somethings Don’t Get About Investing

When I was 25 and fresh out of uni with zero savings, I assumed that the best way to reach $100,000 in savings before turning 30 was learning how to be a great investor. I voraciously consumed books and sites about investing, spent weeks on end monitoring the stock market and stressing out when my investments started to lose money. Turns out, I was an idiot – this is what I wished I knew then. If your capital is small, the money you make from investments will also be small. If all you have $2,000, then investments aren’t going to do much...

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Best Baking And Cooking Classes in Singapore From $9!

Nyonya rempah, freshly-baked breads, traditional Japanese sweets – who’s salivating, now? I’m always impressed by good food; specifically, home-cooked food that’s at once umami-packed, yet hearty and moreish. But desserts truly are my Achilles heel. Anything fudgy or built from 75% dark chocolate is an immediate win in my books, because I’m so darn weak…and basic. On that, I’ve rounded up the best cooking and baking courses in Singapore – several of which are SkillsFuture claimable, though it’s best to check directly with your school of choice. TL;DR: Best Baking And Cooking Classes in Singapore Or jump straight to...

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The Latest ERP Rates And Hacks To Avoid ERP Fines

If you’re a driver or someone who takes taxis and uses ride-hailing services regularly, the biggest bane that you face is: Electronic Road Pricing (ERP) charges. With charges ranging from as low as $0.50 to as high as $3 for every entry during peak hours. Source: tenor Yep, there’s a reason why we’re the most expensive city in the world since 2014. The small reprieve we get is that ERP rates and charges are reviewed every quarter. And we usually see these adjustments during the June and December holiday period. The December holidays are just around the corner, so that...

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What Happens To My HDB After I Die? Understanding The CPF Home Protection Scheme

When we talk about insurance, the Home Protection Scheme is one that is easily overlooked. Especially for couples and young families with new BTO flats, this is a scheme you should know of, as it serves as an added safety net, in case of unexpected events such as accidents or death. Administered by the Central Provident Fund (CPF) Board, the Home Protection Scheme is compulsory for Singaporeans who pay their monthly home loan repayments via their CPF! What Is The Home Protection Scheme? Source: Giphy The Home Protection Scheme (HPS) is a mortgage-reducing term insurance that protects you and...

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Lemon Law: Understand Your Rights As A Consumer In Singapore

Imagine looking forward to the latest Adidas Yeezy 350 you purchased. Source: worldofbuzz.com Just to have something not quite similar delivered to you. Source: Worldofbuzz.com Still looks pretty hyped to me. I’ve had my fair share laughing at all the shopping FAILS memes before ending up as one of the victims. Yes, I’m a proud owner of an “oversized T-shirt” which covers all the way… to the top of my belly button. Source: Tenor While it is fortunate that my T-shirt costs me $2 from TaoBao, ever wondered what can you do as a consumer if you end up...

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November 2019 BTO Launches, Brutally Ranked

We have three BTO launches to look at this November: Ang Mo Kio, Tengah, and Tampines. And if you’re expecting me to say something like “oh, it all depends on your needs when choosing”, you are wrong. Only property agents have to say that. I’m not. So, I’m going to give you a common-sense personal opinion: The pros and cons of the different BTOs aside… TAMPINES IS THE BEST! Tampines Source: HDB I don’t care if the limit of your property expertise is just knowing which room you’re supposed to bathe in; you can still figure this out. The Tampines...

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How Much Money Is ‘Locked’ In My CPF? : A 1 Min Guide To Your CPF Retirement Sum

I’ve never been very familiar with the CPF scheme, yet time and again I’ve heard complains from Singaporeans about the Retirement Sum rising, and how hard it is to get your money out if you don’t meet the desired retirement sum. What exactly is the CPF Retirement Sum? What does reaching BRS (Basic Retirement Sum) or FRS (Full Retirement Sum) mean? For the uninitiated, here is a quick, one-minute guide on everything you need to know about your CPF Retirement Sum! TL;DR: Everything You Need To Know About Your CPF Retirement Sum Amount ‘Locked In’ Till Age 65 Monthly...

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Optional Component Scheme: Should You Opt In? [Checklist Included]

If you’re planning to buy a new HDB BTO flat, say during the November BTO Sales Launch, you’ll eventually need to decide whether you wish to opt-in for the Optional Component Scheme (OCS) or not. It’s pretty much a cost-effective way to get your home ready with the essential finishes and fittings it needs so that you can move in immediately after collecting your keys. But is the OCS worth it? Should you opt-in for the OCS? How much will the OCS cost me? Here at Seedly, we’re all about making smarter financial decisions. So as always… I gotchu...

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Carousell Vs Facebook Marketplace Vs Shopee vs Lazada, Which Is Best For Me As A Seller?

As much as we try to be mindful of our expenses, we are all human and are prone to impulsive buys. Don’t worry, your secret is safe with us! Source: giphy Back to our impulsive buys… Sometimes, you’ll eventually find a use for them, but most of the time, they’ll end up in a small corner in your room. Or you might just be looking to start a side hustle for more income, I mean, who doesn’t want more money, right? Before you can sell your stuff, you’re likely to need a platform to reach potential buyers and whatnot....

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Initial Public Offerings: Should You Invest In Them?

For the uninitiated, an initial public offering (IPO) is a process whereby a private company offers its shares to the public for the very first time. Once the company become listed, its shares are traded on the stock market.  Many investors love investing IPOs for many reasons. They might have heard about their friends making some kopi money by betting on the latest IPO, and they want in. Source: Giphy While for some others, they might apply for IPOs due to FOMO (fear of missing out). They fear that if they do not put at least some money in the...

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Employment Opportunities For PWDs In Singapore

In Singapore, the unemployment rate of Persons With Disabilities (PWDs) is at 70 percent. To put this into context, it is many times over the 2 percent unemployment rate of the general population. From the figures, there is an apparent gap in employment for PWDs in Singapore. Yet, as we encourage more companies to strive for inclusive employment, there are also training schemes and employment opportunities PWDs can make use of, to gain employability. Employment Training Schemes For PWDs Source: Giphy1. Training Programmes For PWDs  If you are not confident in landing your first job, here’s a list of...

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Turning 55 Soon? Here’s A CPF Special Account Hack You’d Want To Know!

You may not be turning 55 that soon, but it’s always good to start planning earlier so you’ll know what to do when the time comes. Did you know, flat buyers had to wipe out their CPF Ordinary Accounts before August 2018? Many flat buyers will try to work around this by investing with their funds in their OA. If you haven’t caught up yet, you now have the option to keep up to $20,000 in your Ordinary Account! We digressed… The CPF hack that I’m about to share with you isn’t a really new concept since you’re somewhat...

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The NTUC Union Membership Programme: Is it Worth $117 A Year?

I’ve something of an embarrassing confession. Up till I’d begun researching for this piece, I didn’t have a hot damn clue what the acronym NTUC* stood for – much less the fact that it’s Singapore’s sole trade union centre. Are you judging me, now? Source: tenor*FYI: It’s short for National Trades Union Congress.What I had known, however, was my mum’s staunch support for all things NTUC: the NTUC Plus! card, LinkPoints, the myriad of insurance policies under NTUC Income, the fact that members enjoy decent dividends and cash rebates. In itself, NTUC presently has over 950,000 members. That’s around...

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Homelessness In Singapore: Here Are The Major Developments Put In Place To Help Them

Homelessness in Singapore is a rather difficult concept to grasp. For most of us, the garden city entails clean, sparkling streets, where sights of beggars are few and rare. Source: The Online Citizen We don’t give pay much attention to the homeless in Singapore, much less talk about it. Yet, in reality, the homeless situation is worse than we think, especially when there are about 1,000 homeless people sleeping on the streets of Singapore. According to a nationwide study, 500 volunteer fieldworkers covered 12,000 blocks of flats and other public and commercial spaces over three months, to count the number of...

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