Housing Choice link to Retirement Comfort ! ( STE photos sharing )

MAS Urges Households To Stay Financially Prudent

Much been written about “Housing choice vs Retirement comfort “, another types of Cs in our financial planning.

Life is full of “choices “, one may choose to “stay single or marry “, to “have kids or be DINKs “, to “climb the corporate ladder or be a freelancer”, to “save more or spend more “, to “save or invest “, to “buy health insurance or take the risk ( bo chap)”……and the list goes on.

“In particular, households should consider their housing choices carefully, as retirement adequacy could be compromised should households overstretch their finances to purchase more expensive housing.”

Source: “Stay prudent, be cautious with property purchases, MAS tells Singaporeans” 




You may find and read the news or articles as below :

Full report from MAS : (here )
From AsiaOne Singapore News ( here )
From Financial Blogger CW8888 (here )

Of course, is your choice, if one is ready to work harder and longer, he/she may choose to continuously “upgrade “ their hosing need, from HCD to EC to Apartment to  Condominium to Terrace to Semi-D to Bungalow …

For me, I am a lazy guy and choose to stop at HDB, in exchange for more free time, for me and family. After staying in 3R HDB flat for more than 10 years at Yishun, we shifted to 5Rs at Sengkang now.

I think this is one of the best article written about benefits and enjoyable lifestyle of staying in an HDB flat :


10 reasons why staying in an HDB flat rocks (here)


Allow me to share some of the HDB flat photos taken by me, you may find some of the buildings or places look familiar if you are staying around this area:

Yes !! Home to >80% of Singapore’s resident population.  Your Choice?



Cheers !!
























Comments

  1. CreateWealth888813 February 2017 at 18:57

    HDB living is getting better

    ReplyDelete
  2. Unknown13 February 2017 at 19:18

    Thanks for this useful Information
    Stock Market Advisory

    ReplyDelete
  3. RayNg14 February 2017 at 16:40


    Choosing housing can be view as Needs or Wants. If we can live with the basic needs, and forgone the wants then we could retire with asset rich.

    When we structure on mortgage loan, do consider to fully paid off by age 55. Why? Because most of us will be at retirement age or 'out of job market'. Our human capital diminish from there onward. Hence we have lesser income to support our living expenses.

    Bottomline... don't be slave of house. Free yourself. Enjoy!

    ReplyDelete
    Replies
    1. STE14 February 2017 at 22:09

      Hi Ray ,
      Yes! Human capital will have limit...especially now with " digital disruption " ,,jobs is getting unsecured ...better to be prudent in our housing choice and mortgage limit...as you said,,, don't overstech and be " slave of house " ...:-(
      Cheers !!👍👍

      Delete
  4. michelle20164 April 2017 at 00:58

    wow these new HDBs look really good.. especially the new Dawson developments.. getting more and more convenient too..

    Web Design Singapore

    ReplyDelete

Post a Comment

Related Posts Plugin for WordPress, Blogger...

Labels

Show more

This Month's Top Blog Posts

A Misconception About Investing Risk and Market Volatility

Image
  Volatility ≠ Risk When it comes to investing, there’s a big misconception that volatility equals risk. It’s something you hear all the time in the financial world—news headlines flash with “market volatility,” analysts fret over fluctuating stock prices. Many investors start to panic the moment they see red on their portfolios. But for those of us who take a long-term, value-focused approach, we know that volatility is not something to fear. In fact, volatility is our friend. Remember as I always mentioned: Crisis = Danger + Opportunities 危机 = 危险 + 机会   What Is Volatility, Really? Volatility is basically how much and how quickly the price of a stock or asset moves up and down over a given period. It’s typically measured by the standard deviation of returns—yes, all that maths stuff you might have learned in finance class. But don’t get too caught up in technical terms. Volatility just means the price is bouncing around more than usual. Now, many see thi...
Read more

Portfolio & Dividend Update : 4th Aug 2024

Image
 Wow! Time flies as my last blog post has been almost 6 months. As we reach the midpoint of 2024, the stock market presents a mixed bag of opportunities and challenges. The landscape has evolved significantly since the beginning of the year, reflecting a complex interplay of economic indicators, geopolitical events, and corporate earnings. Investors are navigating a market that is both promising and unpredictable , shaped by ongoing adjustments in monetary policy, fluctuating inflation rates, and shifting global dynamics. The first half of 2024 has seen notable volatility in the stock market. After a strong start, equities have experienced fluctuations due to a variety of factors. The market has been moving like a pendulum swing since early of the year and we have started to see some pullback in the last two weeks due to economic uncertainty. I guess the market is just trying to find an excuse (weaker job data/ PMI / consumer confidence) to have such a correction, which I think ...
Read more

Portfolio & Dividend Update : 3rd Qtr 2023

Image
  Higher For Longer   The Federal Reserve held interest rates steady in the recent FOMC meeting, while also indicating it still expects one more hike before the end of the year and fewer cuts than previously indicated next year. In addition to holding rates at relatively high levels, the Fed is continuing to reduce its bond holdings through the so-called QT , a process that has cut the central bank balance sheet by some $815 billion since June 2022 . The Fed is allowing up to $95 billion in proceeds from maturing bonds to roll off each month, rather than reinvesting them. The “ dot plot ” chart from the latest FOMC meeting showed a much higher and longer rate till 2026 and this has “spooked” the market, causing some reactions and pulling down of market indexes last week. “Chair Powell and the Fed sent an unambiguously hawkish higher-for-longer message at today’s FOMC meeting,” wrote Citigroup economist Andrew Hollenhorst. “The Fed is projecting inflation to steadily co...
Read more

2023 Portfolio & Dividend Update

Image
  A Rollercoaster Ride I know, Uncle was really late to have this 2023 performance review as we are already in February 2024 😊 . Pai-seh, I was busy with a family trip to Korea followed by a Cruise Trip onboard RCL. Also, during the school holidays, we went a few times short trips to Malaysia and back to my hometown. My younger daughter got her O Level result followed by searching and applying for JC. That’s why I have been delaying this update and dragging my feet to write this blog post. I think most of us had the same feeling that 2023 was a challenging yet dynamic period for investors, marked by a series of unpredictable events that significantly affected our returns. I have seen my portfolio up by more than 10% in the early part of the year and it dropped by more than -8 % at one time and recovered slightly better at the end of the year with +2.3% (including dividend). As an investor, navigating through such a volatile market requires adaptability, patience, resilience,...
Read more

1st Qtr 2018 : Dividend and Portfolio Update

Image
image credit Izquotes.com Is time to calculate our dividend income for 1 st Qtr 2018 as the financial result for most of the company should have been announced by this time. The market has gone through like a “ roller coaster “ ride in 1 st Qtr 2008 where it was down by almost 10% at one point and rebounded subsequently. As I mentioned in my early blog post ( here ), even with correction of 10-20% from the current high in the US market, I would consider it still as “ expensive or rich in valuation “ and normal correction in any market cycles.
Read more