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Property

A roof above your head or more?

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SG Budget Babe

HDB BTO

Family

Property

Choon Yuan Chan
Choon Yuan Chan
Level 8. Wizard
Answered 4m ago
Yes, if romance has already been settled in, getting a BTO as early as possible is ideal. This is because you and your partner's salary is not that high yet and this means you will be eligible for a higher quantum of HDB subsidy, This lowers your fianncial burden

Property

No, it is not tax deductible. This is the list of items that are tax deductible: https://www.iras.gov.sg/irashome/Individuals/Locals/Working-Out-Your-Taxes/Deductions-for-Individuals--Reliefs--Expenses--Donations-/ Here is everything about me and what I do best.

Property

Investments

Alvin Teo
Alvin Teo
Level 6. Master
Answered 1d ago
If flood is a concern, by default you should choose high ground land areas to invest in. But hedge your bets by purchasing adequate home insurance as well.

Property

Stocks Discussion

Investments

I'll take it that market means the market in general, not specifically stocks. If you are buying into something over price (and massively), why not take some profit off the table and re-invest into something that's not overprice, or not correlated to the particular asset class that you're currently invested in? You can trade around a core position, leaving a bulk of your investments intact, selling off, say, 20% to take profit, and look for somewhere else to deploy it into. You'll enjoy passive income from your slightly reduced holdings still, while freeing up cash to be deployed elsewhere, or back in the same asset class if the prices correct a little. And if you were wrong and the asset class continues to appreciate, you're still invested. Money goes where is it best treated.

General

Property

Insurance

Bank Account

SG Budget Babe

Without a will, your parents' assets will get stuck. I would say that they need to understand that if they don't decide who gets their stuff when they are no longer around, then the government will decide. Do they want to leave such an important personal matter in the hands of the government? I would think not. That should be reason enough to at least make a will.

Property

SG Budget Babe

Wallace Chai
Wallace Chai
Level 8. Wizard
Answered 3d ago
1. Budget is the most important one. 2. I will maximize all the grants that available. Choose according to the term and conditions of the grants. 3. Location not so much as travelling in SG not too hustle.

Property

CPF

Loans

It is up to your personal investing methodology and beliefs. If you believe that cash on hand can generate you more ROI than the rate CPF is giving, then you might want to consider paying using CPF.

Property

Investments

Leslie Koh
Leslie Koh
Top Contributor

Top Contributor (Nov)

Level 6. Master
Answered 3d ago
Not sure if this helps to answer but I always like to reference this article written by 99.co: Assuming the total cost of your property is $1.4 million, inclusive of all the stamp duties, conveyancing fees, renovations, and so forth. The total rental yield is 2.1 per cent Source: https://www.99.co/blog/singapore/rental-income-house-right-now/ If it's personal stay, I think it's worth looking into it but you're looking at rental yield, I think it's safer to stay in your current portfolio. I'm no property investing expert but just sharing my opinion. Hope it helps!

Property

CPF

Kang Jianbin
Kang Jianbin
Level 3. Wonderkid
Answered 3d ago
It depends on your own financial plan...

Lifestyle

Family

Loans

Property

We will need to know all the charges associated with the switch, e.g. interest rate, lock-in rate, legal fees. From there, we will recalculate the entire loan to derive at the actual effective annual rate. Thereupon, we will know if we will be able to save money from the refinance or to remain as it is now. Here is everything about me and what I do best.
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