- I don't have enough money for that
- I don't know where to start and how to do it
- It is too risky especially with the increasing standard of living in Singapore
- Is that really possible?
- I have fully paid off my HDB. I am Debt Free!!!
Property Prices Had Gone Up Few Folds In The Last 20 Years
It will continue to go up in the next 10 to 20 years, due to the projected population growth by 2030, limited land in Singapore …
Have You Taken Advantage On It?
Have you ever wondered why many families with just a household income of $8k and above, are able to upgrade to a condominium?
HDB owners who bought their HDB flats BEFORE 2014
Do you know you can now potentially UPGRADE TO A CONDOMINIUM or OWN THE 2ND PROPERTY …
Many HDB owners who are ELIGIBLE, miss out on this GOLDEN OPPORTUNITY
because they have the COMMON MISCONCEPTIONS that hold them back …
Wouldn’t It Be A Huge Pity If You Can Actually Afford To Upgrade Comfortably But Did Not?
The truth is, UPGRADING TO A CONDOMINIUM or OWNING THE 2ND PROPERTY is NO LONGER just for the “CASH RICH”
Case Study 1
How To Upgrade Your House Comfortably Without Forking Out Extra Cash From Your Own Pocket?
Couple (Mr & Mrs Teo), both age 35 years old. They have a combined income of $10,500. A family of 4 and owned a Bishan HDB 5-room flat worth $726,000. Their initial plan was to pay off their HDB loan within the next 4 years and start saving to upgrade to a condo.
However, with the right advice and understanding of their financial situation, they are happy to realise that they can actually just upgrade without having to wait for another 4 years. And the best thing is that they don't have to come out with extra cash!
They have upgraded to a brand new private condo at their choice without touching any of their savings. They also own a 2nd property comfortably collecting rental every month. They have a reserved fund of $240,795 to take care of their monthly mortgage for 4, 8 or 33 years plus.
Do not wait till you have fully paid up your HDB and then decide to buy another one!
I met a lot of owners that spent 20 to 30 years of their lives working hard to pay up for one property.
This is the most COMMON and most REGRETTABLE MISTAKE one can make in life …
Let’s discover many practical tips and techniques to GROW YOUR CURRENT ASSETS like my SUCCESSFUL CLIENTS!
I Have Fully Paid Off My HDB. I Am Debt Free!!!
CAUTION: If you are a typical HDB homeowner who services your housing loan with your CPF OA savings, you might be building the biggest obstacle to your retirement plan.
Case Study 2
How Can A Couple Who Bought A HDB Flat At $420,000 And Sold It For $570,000 Received $0 Cash???
Couple (Mr Daniel & Ms Jasmine) bought their HDB flat at $420,000. 9 years later when they decided to sell it at $570,000, they thought that they have made about $150,000 ($570,000 - $420,000) ...
However, to their horror, after settling the accrued interest, they DID NOT GET A SINGLE DOLLAR out of it!!!
CPF pays you interest every year.
With all or most of your CPF OA savings used to pay for your house, the CPF usage still needs to generate that INTEREST …
Who will pay the interest?
YOU will need to PACK BACK that interest NOT CPF!
The higher the CPF accrued interest accumulated & compounded, means the lesser cash on hand for you after selling your HDB.
How Huge The CPF Accrued Interest Could Be?
Let’s assume you have CPF OA savings of $200,000. Every year you could have earned 2.5% interest if you leave the money inside CPF.
One day, you decide to use this CPF fund to pay for your house.
From that moment …
You will STOP earning the 2.5% interest from CPF
You will have to PAY BACK the $200,000 plus the interest that you were supposed to earn when you sell your house
For every $200,000 worth of CPF savings, at CPF interest rate of 2.5%
In 5 years, $200,000 will grow to $226,282
In 10 years, $200,000 will grow to $256,017
In 20 years, $200,000 will grow to $327,723
Do note that this interest will KEEP ON INCREASING if you do nothing about it!
Because you use your CPF to pay for your house, it will result in a loss of interest of $26,282, $56,017, $127,723 or more …
Imagine one day you need a huge sum of money for child’s education fee, sudden emergencies, loss of income, retirement … You thought that you could downgrade your HDB to get some cash.
After selling your HDB, you need to pay back the CPF interest. This means lesser cash on hand for you after selling your HDB.
Worst case scenario, the capital appreciation of your HDB is not high enough to cover the loss of interest … Negative Sales!
Sadly, downgrading may no longer an option for you to get some cash when you need it the most!
Let’s explore how to have your CPF FUNDS WORK MORE EFFICIENTLY by earning more interest by itself, instead of “eating up” your earnings!
By Upgrading To The Right Property, It Will Help You …
Unfortunately, The Real Estate Market Is Full Of Pitfalls For Those Who Are Not Prepared!
Before getting into it, let us share with you STRATEGIES with CAREFUL FINANCIAL CONSIDERATIONS that every existing homeowner MUST KNOW, in order to have MAXIMUM IMPACT ON RETURN and enjoy a STRESS-FREE INVESTMENT.
It is important to know:
Many homeowners have hidden potential which they do not know about.
Let us help you discover the ways to UNLEASH YOUR FULL POTENTIAL so that you can give your loved ones a FINANCIALLY SECURE FUTURE!