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The HDB concessionary loan is supposed to make housing affordable – an objective it fulfilled until interest rates plunged. Then suddenly, the interest on a HDB loan rose way above that of a bank loan. It’s a flaw that needs correcting, and it probably shouldn’t have carried on for almost 10 years. Here’s our opinion on the tweaks needed:
Today, many pieces of “paper” aren’t worth what they used to be… the US dollar, the Straits Times, and a university degree. A degree used to be your golden ticket to cruising through life with a salary decent enough to support a wife and a few kids. Hell, you could even get at least 2 or 3 of the 5 Cs without even trying!
Another government agency has taken their turn to implement new cooling measures. The Ministry of National Development (MND) announced yesterday that they are introducing three new measures to better align the Executive Condominium (EC) Scheme with other public housing. And what a smack down it is. Here, we take a look at them and why the dream of owning an EC may have faded for many:
There’s nothing glamorous about savings accounts. They don’t provide the “rewards” that credit cards do, nor do they grow our money the way smart investing does. A savings account is there to do one thing – keep your “savings” separated from your “current” account while gaining a little interest.
It doesn’t matter whether you’re a young entrepreneur or a veteran business owner seeking expansion, new equipment, or survival through a rough sales period – one of the toughest obstacles you’ll face is getting the capital you need to secure your company’s future.
Buying a new car is a horrible investment! By the time you’ve finished paying for COE, OMV, GST, and ARF, you’ve already forked over enough cash to buy a 3-Room BTO flat, or a platoon of T-72 tanks (I’m not kidding).
Look, I get it – you’ve worked your ass off for that year-end bonus. You really do deserve to spend it on that Louis Vuitton bag, Rolex watch, or that Playstation 4 you’ve been drooling over (don’t worry, we won’t tell your wife or girlfriend).
After our article regarding the introduction of the Fair Consideration Framework (FCF), we chanced upon this write up by our friends over at The Independent and realised that the plight of workers runs much deeper than something about eating someone else’s lunch. Here’s their take on things:
According to a report today by the Singapore Real Estate Exchange (SRX), the cash-over-valuation for HDB resale flats has dropped below $10,000 in November. We’re not going to bust out the “we told you so” chant, but it’s worth taking a chill pill and having a look at what’s going on and what this really means for you.
For many jobs, “work-related” travel means receiving $10 from your boss to walk across the street to either buy office supplies, or his lunch. And if you work in a depressing office environment that feels like an interior designer tried to recreate Changi Prison at your workplace– that trip to buy office stationery is a blessing!