Your search results

What’s Next for HDB Owners?

Posted by Jayson Ang on December 7, 2022

| 0

Buying a home always seems daunting especially such it is a big-ticket item and the prices for private homes can easily start at a million dollars.

But when you have the ability to break down the figures and have a clear overview of your financial capabilities in terms of servicing your monthly mortgages, you’ll realise that owning private homes is actually very within reach.

One huge perk of engaging my consultation services is having proprietary financial tools that can assist you in planning well. The tools help you map out your finances easily and provide a vote of confidence to any upgraders looking to take their next step. You are definitely not jumping in blindly!

Let’s take a look at the case study below. Sam & Jane owns an Executive Condominium (EC) and is looking to sell it and buy two properties. How can my proprietary app help them?

With my proprietary calculator app, you can easily work out your finances and determine whether you can afford your target home purchase or should you be looking elsewhere. It takes into consideration based on your cash on hand and the amount in your CPF, and works out your monthly repayment depending on the purchase price of the property you are looking at.

Understanding clearly what your limits are and how comfortable are you with the monthly payments will empower you to make more informed moves.

As you can see from Jane’s breakdown of figures, at the bottom, it clearly details the monthly mortgage repayment needed in the different phases of construction if it is a new launch.

One more point I would like to make, as a matter of fact, an important point that I have been advocating for years;

it is that no matter how hard we work and save up, we can never beat those who make their hard-earned money work for them through property.

This is why I endeavour to equip home-owners with the ability to make informed decisions that will impact their future, both for them and the family!

The average income growth is at an abysmal rate of 2.4% annually (Figure 1), comparing that to those who are able to make phenomenal profits of $300,000 in basically within the span of 3-4 years.

We can safely assume that you and most people would want to make that profit too, right?

Figure 1: Average household income growth (%) from 2002 to 2019

In Figure 2 below, we see the comparison of two similar unit types of condominium projects, albeit different locations, but are equivalent in terms of targeted market audience. We can see that in just a span of less than 5 years, property prices differ so very much. Therefore, your inaction can actually cost you dearly without you even realising it.

And based on the reality of income growth, bonuses and savings, are you able to even generate any amounts close to such returns? The answer is cruel but real.

Now is the optimal time for you to make a life-changing decision, to enjoy a huge leap in this rat race and seize this opportunity to provide your family with the best while you still harness the capacity to work hard, make a decent income and youth to enjoy maximum loan tenure. You don’t have to look at others in envy thinking that they got lucky or are blessed enough to enter the property market and are making a splash, you can be that person too!

Figure 2: High Park Residences (2015) & Parc Clematis (2020) transactions

With so many questions involved, there are many crucial choices to make as a property upgrader. At the end of the day, everyone wants financial freedom, and not to be burdened by monetary issues especially at every stage of one’s life. Attaining financial freedom is definitely possible, with meticulous planning and commitment.

There is so much to benefit from when you make the right choices, and the first right choice to make now is to reach out to me via WhatsApp to explore your options and see how you can make your hard-earned money work for you.

Want to get more infomative articles such as

“Leasehold vs Freehold” or “The correct entry price”?

You May Also Like …

Mandarin Top 5

Singapore Sights & Sounds: 5 Must-Know Facts From the Little Red Dot

Jayson Ang – March 7, 2025

Singapore, affectionately known as the Little Red Dot, is a vibrant city-state in Southeast Asia that boasts a unique blend...

Mandarin Top 5

Top 5 Key Factors that Affect Singapore’s Property Prices?

Jayson Ang – February 9, 2025

Singapore's property market has always been a topic of interest for both local and international investors. The city-state's real estate...

Mandarin Top 5

The Top 5 Renovation Tips For Increasing The Value Of Your Singapore Property Investment

Jayson Ang – July 28, 2024

When it comes to increasing the value of your Singapore property investment, strategic renovations can make a significant difference. Here...

All Blog Posts Buying Tips

What to Do Before Exercising Option to Purchase?

Jayson Ang – July 19, 2023

TLDR Home buyers are advised to thoroughly research property values using online tools, secure an ideal home loan package early...

All Blog Posts Buying Tips

Discover the Benefits of a SORA Home Loan in 2023: Why Consider SORA Interest Rates

Jayson Ang – May 17, 2023

TLDR The article discusses the transition from SIBOR and SOR to SORA as the new benchmark rate in Singapore's banking...

All Buying Tips Opinion

Why One Family Chose a New Launch 4-Bedroom Unit at Lentor Mansion Over a Resale Condo

Jayson Ang – March 18, 2026

TLDR NM’s family chose to buy a 4-bedroom unit at the new launch Lentor Mansion despite elevated condo prices, after...

All Opinion

Singapore’s Housing Phenomenon: A Success Tale Calling for Tweaks – Insights from the Experts

Jayson Ang – February 17, 2024

TLDR Singapore's housing system has been praised for its effectiveness in meeting citizens' homeownership desires. The public housing program by...

All

The Uncomfortable Truth About Homeownership and Relationships in Singapore

Jayson Ang – July 5, 2025

TLDR Property ownership and prenuptial agreements are key for married couples in Singapore. Joint ownership (either joint tenancy or tenancy-in-common)...

All Buying Tips Opinion

Why Cash Over Valuation (COV) Doesn’t Matter Anymore

Jayson Ang – September 20, 2025

TLDR HDB’s old strategy of hiding Cash Over Valuation (COV) data isn’t cooling Singapore’s resale flat market anymore. Prices keep...

All Opinion

“I Kept My Condo Empty for 7 Years” – Here’s What Singaporeans Living Overseas Do With Their Properties Back Home

Jayson Ang – February 14, 2025

TLDR In today's global workforce, many Singaporeans find themselves working abroad, raising questions about the management of their local properties....