I have a budget of around $200 monthly for investment. My major goal will be getting a HDB flat at 30 years old (Got my PR two year ago. What can I do with the $200 monthly to grow the wealth?

At the very minimum, tbills

How old are you?

1. 23% of salary - CPF OA (Subject to income ceiling of $6,000)

Figures are monthly

A simple calculation to determine your budget for your home loan-

Salary x 0.23 = Loan amount so you do not have to use cash (A)

Per $100k Loan from HDB @ 2.6% (25 Years) = $454 (B)

Take A / B x $100,000 = Max Loan you can take using CPF OA as your loan payment (C)

Finally, take (C) / 0.95 = Max value of the home you can get without additional cash monthly mortgage payments.

5% Cash/CPF OA

Set aside 2% of the purchase price for agent fees and etc

50K for renovation if needed

If you are close to 30, just save the money and set it aside for liquidity needs. There is just no magical investment that will reduce your upcoming liabilities significantly without first having a huge capital outlay.​​​