ASSET PROGRESSION

DO YOU KNOW HOW YOUR HDB FLAT CAN TIDE YOU THROUGH FINANCIAL CRISIS?

Find out how you can leverage on your HDB and grow your wealth!

Find Out How

APP

ARE SINGAPOREANS SAVING ENOUGH FOR RETIREMENT?

Screenshot 2021-04-26 at 10.45.28 PM.png

Screenshot 2021-04-26 at 10.46.23 PM.png

Surveys show that Singaporeans intend to rely on a wide range of assets to support themselves financially upon retirement, but also plan to rely on drawing a salary. This change in perspective shows the growing need for Singaporeans to start planning financially for retirement, allowing them to live free of financial worries.

Majority of working adults in Singapore are not financially prepared for retirement, particularly amongst the sandwich generation – adults supporting both their aged parents and their own children at the same time. The question then is, how can Singaporeans best prepare for retirement, and be financially stable and worry-free?

ASSET PROGRESSION JOURNEY

COMMON MISCONCEPTIONS HOMEOWNERS HAVE

Should I buy or sell my property during this climate?

Isn't my HDB an asset? I should keep holding on to it!

Am I earning enough to afford an upgrade?

However, through a detailed Financial Calculation & Step-By-Step Asset Progression Strategies with Chee Seng, they have since UPGRADED comfortably with a clearer investment plan mapped out for the next 5 to 10 years!

CASE STUDY 1

Jimmy and wife owned a 4 room HDB BTO flat. They intended to upgrade to a bigger HDB resale flat.

Based on their financial standing, we devised a unique upgrading strategy for them.

They managed to upgrade to a 3 bedder condominium without additional cash outlay.

Furthermore, they even managed to cash out more than $240K for their family's emergency fund.

CASE STUDY 2

Joe and Claris with a combined income of $9,300 wants to sell their flat and move nearer to their ageing parents.

Based on their financial standing, we devised a unique upgrading strategy for them.

They managed to upgrade to a 3 bedder resale condo that is within their parents' district.

With the remaining cash proceeds. they invested in a 1 bedder condo for monthly passive income.

CASE STUDY 3

Jiaming and wife owned an Executive Condo at Tampines. After much considerations, they've

decided to upgrade to a Private Condominium.

Based on their financial standing, we devised a unique upgrading strategy for them.

They managed to upgrade to a spacious 3 bedder condo in Sengkang

They even managed to cash out more than $150K for family's emergency fund!

BUT HOLD ON! WHAT IF I HAVE ALREADY ALMOST FULLY-PAID OFF MY MORTGAGE LOAN? SHOULD I STILL UPGRADE?

That is 5% OPPORTUNITY COST you are losing each and every year! In dollar terms, for every $200K locked up in your property, you would have LOST $53,200 of your money in a matter of 5 years.

With all or most of your CPF trapped in your HDB, you are losing:

The 2.5% accrued

interest to pay back when you sell your flat!

The 2.5% interest

you could have earned

if you have left it in your CPF!

PERFORMANCE OF HDB AGAINST

PRIVATE PROPERTY

WHAT DOES THESE GRAPHS MEAN?

For the uninitiated, it’s important to note that HDB prices have remained STAGNANT over the last 10 years with less than 1% year-on-year growth.

This means, if you’re planning to depend on your HDB for retirement or to tide you through potential financial challenges, you might have to think again. Your flat is LOSING VALUE (against CPF Accrued Interest of 2.5%), which means the longer you wait, the more you might lose!

However, private property prices have been growing at a stable rate of 4.63% year-on-year. In fact, the capital gain over 10 years has stood at 157%! This means, for every $1 million condominium, you are able to profit at least an average of $500K!

Discover how you can leverage on your HDB to upgrade to a private property, and start growing your wealth sustainably.

SHORT TERM DELAY IN SUPPLY

You may have seen the sudden surge in HDB prices over the past few months. However, this is mostly due to a short-term delay in supply, and the market will likely self-correct in the near future, bringing prices back to their mostly-stagnant status. HDBs are no longer meant to be held as long-term assets.