A HDB property only has a lease of a maximum of 99 years. Now the question of what happens after that has never been really answered. (Actually, it has been answered by the Minister of National Development) A leasehold implies that after 99 years, HDB can take back the flat at no cost. Some might interject and say Read More
HDB Property Investment
4 Reasons Why You Should Upgrade Your HDB Flat to a Private Property
1. A HDB Flat Locks Up All Your Funds Even if your HDB flat makes you a $10 million profit - there is no way that you can take out these funds unless you sell the flat. There is really no point in feeling satisfied that your HDB flat can make you any profit especially when you are unable to use the money until the moment Read More
What is the Correct Entry Price?
The correct entry price is of paramount importance. Many people are asking me what they should buy today. When I get that question, I will always share with them about the correct entry price. Some of them will ask me: but do you think people will rent that place? My response to them will always be: if you Read More
5 Reasons Why You Should Buy A Private Property Today
1. Additional Buyer Stamp Duty (ABSD) If you don't have to pay ABSD, you are already paying considerably lesser then the rest who need to pay. So logically when you spend lesser, you make more money and likewise, those who do not have to sell at a higher price in order to cover the ABSD that they would have paid. Take Read More
Why People Choose Not to Move
The Background Question Recently, I met an owner of a Housing Development Board (HDB) flat in the Ang Mo Kio estate that is worth $500k. They chose not to take any actions even though they knew that I had given them a very good investment plan. I gave them a plan that could easily have given them a six figure amount Read More
Why A Fully Paid HDB Might No Longer Work Best For You
For most of us in Singapore, the greatest debt we incur in our lifetime would be our house and we work our whole lives trying to pay for it. Is it really that difficult? I’ve had many readers ask me how I even managed to buy a second property in Singapore when they’re already struggling to pay for their first (and in their Read More