tag:blogger.com,1999:blog-6897513886211197509.post8033381532354296165..comments2024-03-29T16:20:10.784+08:00Comments on Singapore Man of Leisure: Got My HDB Cake For Free? Singapore Man of Leisurehttp://www.blogger.com/profile/13774067113884418001noreply@blogger.comBlogger35125tag:blogger.com,1999:blog-6897513886211197509.post-8295175007232675442020-12-29T09:07:57.299+08:002020-12-29T09:07:57.299+08:00Thanks Cory!
I have a "my glass is half-full...Thanks Cory!<br /><br />I have a "my glass is half-full" outlook on life.<br /><br />Agree. Its that simple ;)<br /><br /> Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-74771400477566830842020-12-29T00:09:18.693+08:002020-12-29T00:09:18.693+08:00Looks like you have found a great place. Is good t...Looks like you have found a great place. Is good to feel appreciative of what we have. Life is that simple. Congratulation.Coryhttps://www.blogger.com/profile/18166646368324976318noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-64033418600211563272020-12-16T22:25:45.242+08:002020-12-16T22:25:45.242+08:00Happy,
Ah! You chose the most popular former ε€§δΌ s...Happy,<br /><br />Ah! You chose the most popular former ε€§δΌ site ;)<br /><br />Both sites A and B still unfinished. Probably mid next year.<br /><br />Sites D & E the fastest to be finished. Got people moved in already!<br /><br /><br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-60213030659166710402020-12-16T22:18:13.197+08:002020-12-16T22:18:13.197+08:00Nice. Mine is site A. Still longNice. Mine is site A. Still longHappyhttps://www.blogger.com/profile/06983230987018898423noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-10922484630357178292020-12-16T09:55:07.523+08:002020-12-16T09:55:07.523+08:00Rainbow girl,
The lease of my current Tanglin Hal...Rainbow girl,<br /><br />The lease of my current Tanglin Halt flat starts from 1971.<br /><br />That meant if we count this year onwards, I can stay for another 50 years until big daddy took back my flat in 2070.<br /><br />I am 53 years young this year. More than enough unless I live beyond 100!!!<br /><br />Even if I let my flat expire worthless after 99 years, another way of looking at it is since age 35, I only have to pay $500 rent per month for 30 years until my bank loan is fully paid at age 65. <br /><br />Where to find a place where the rent does not increase for 30 years!?<br /><br />$500 per month for a whole HDB 3 room flat!<br /><br />Then from age 66 onwards, I would be staying RENT FREE until I die!<br /><br />Keep it simple.<br /><br /><br />P.S. That's from a single with no dependents perspective. Its all ME, ME, ME. <br /><br />Married with children, you'll have to ask someone else ;)<br /><br />I just know if the children are eying the parents' HDB flat, then life has not been too kind, financially, to the grown-up children...<br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-1683867652912904472020-12-16T00:00:50.719+08:002020-12-16T00:00:50.719+08:00Hi SMOL,
Ugh... you are talking about my this pos...Hi SMOL,<br /><br />Ugh... you are talking about my this post again haha - https://rainbowcoin.blogspot.com/2020/07/calculations-on-hdb-purchase-versus.html =.=<br /><br />Ok, ok your method more simple. No need think so much!<br /><br /><br />Just curious, let's say if your flat didn't 'strike lottery' and got enbloc, how many years lease would it be left with now?Rainbowhttps://www.blogger.com/profile/17762360552800572152noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-85580325010459415992020-12-15T15:50:17.341+08:002020-12-15T15:50:17.341+08:00LP,
Thanks! I'm lucky, lucky!
That's on...LP,<br /><br />Thanks! I'm lucky, lucky!<br /><br /><br />That's one hell of a radio silence from you!!!<br /><br />Glad things are going great for you too :)<br /><br />Hey, different phases of our lives. <br /><br />You must be learning so many new things about yourself, being a virgin dad and all...<br /><br /><br />Send my regards to "little dragon girl". I can imagine being a mom will not change her one bit. Bet she is still kicking asses!<br /><br />LOL!<br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-59744253285063724732020-12-15T14:42:30.115+08:002020-12-15T14:42:30.115+08:00Hi SMOL,
Long time no see :) Glad that things tur...Hi SMOL,<br /><br />Long time no see :) Glad that things turn out well in one of the biggest financial decision in singapore - housing. You settle that one, almost as good as tio toto :)<br /><br />Things are great for me - busy with life, not so much into blogging now (there's only 1 self-censored post, so it's not a matter of writer's block, it's that the writer is gone lol). <br /><br />Take care man, till we meet again :)la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-55975755638184490982020-12-14T21:32:05.238+08:002020-12-14T21:32:05.238+08:00Happy,
I never do anything.
That's the beau...Happy,<br /><br />I never do anything. <br /><br />That's the beauty of enbloc. If anyone has to fork out out of pocket cash, no one will welcome enbloc lottery!<br /><br />I used the $398K compensation to offset the $398K replacement. <br /><br />No harm; no foul. No earn; no loss.<br /><br /><br />That's where I made the mental mistake. Hello, how can no earn? I bought my resale flat for $125K remember?<br /><br /><br />As for the CPFIS part, instead of not taking a loan at age 35 and paying my resale flat in full (save on bank interests), I took a bank loan, and used the $100K in CPFIS to trade unit trusts (I focus on Earn More) - buy, sell; buy, sell (that time ETFs not popular yet).<br /><br />I knew I made money in CPFIS, but as I also use the profits to pay down my bank loan over the past 18 years, it was still a pleasant surprise to find that its still so much above $100K!?<br /><br />Its like I've never used CPF to buy my flat!? And its much MORE than had I left it rotting just collecting the CPF interests.<br /><br />That's the original intention of CPFIS - for members to grow our CPF funds through EARN MORE ;) <br /><br />Evidently, big daddy didn't think CPF interests ALONE was enough at that time. Or?<br /><br />Its normal. When facts change, its expected big daddy will flip-flop. <br /><br />Best intentions only!<br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-81333925715993696922020-12-14T20:54:24.357+08:002020-12-14T20:54:24.357+08:00Happy,
I chose site C.
I know the area well. It...Happy,<br /><br />I chose site C. <br /><br />I know the area well. Its the location of the former Hua Yi Secondary School. My former Hua Yi Primary School is just next to it ;)<br /><br />Across the road are the landed bungalows. Cannot afford landed so live as close as possible to them to enjoy the halo effect?<br /><br />LOL!<br /><br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-10540016331352004472020-12-14T20:48:57.130+08:002020-12-14T20:48:57.130+08:00Aloha!
Aloha!<br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-2187991220652585412020-12-14T20:46:18.355+08:002020-12-14T20:46:18.355+08:00Unintelligent Nerd.
Fa Cai! Fa Cai!
All the best...Unintelligent Nerd.<br /><br />Fa Cai! Fa Cai!<br /><br />All the best to your crypto adventures!<br /><br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-36579842066787168312020-12-14T18:46:53.296+08:002020-12-14T18:46:53.296+08:00may I know why did you choose to use CPFIS proceed...may I know why did you choose to use CPFIS proceeds instead of hdb compensation to payHappyhttps://www.blogger.com/profile/06983230987018898423noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-1518629056756170612020-12-14T18:45:06.156+08:002020-12-14T18:45:06.156+08:00may I know which replacement site did you choose may I know which replacement site did you choose Happyhttps://www.blogger.com/profile/06983230987018898423noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-597179808150750922020-12-14T18:43:31.019+08:002020-12-14T18:43:31.019+08:00HiHiHappyhttps://www.blogger.com/profile/06983230987018898423noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-9843012922949523372020-12-14T17:49:23.914+08:002020-12-14T17:49:23.914+08:00Gongxi Gongxi SMOL!Gongxi Gongxi SMOL!Unintelligent Nerdhttps://www.blogger.com/profile/17797052565143872922noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-65448348818488931252020-12-12T11:44:30.559+08:002020-12-12T11:44:30.559+08:00CW,
Thank you!
Yes, its better to be lucky than...CW,<br /><br />Thank you! <br /><br />Yes, its better to be lucky than smart!<br /><br /><br />Age 55 get more money out by opting for BRS.<br /><br />Then age 65 get more out depending either sell lease back to HDB or downgrade to 2 room. <br /><br />I've got my HDB flat for "free".<br /><br />Its like out stocks doubled, we sell 50%. Got our cash capital back, while the remaining shares are now "free"!!!<br /><br /><br />We are pretty much sailing in the same direction. Except I more aggressive ;)<br /><br />You take CPF interests out; I take CAPITAL and interests out!<br /><br /><br />You and mysecretinvestment are more "Tarzan" than me. Without doing anything, your CPF is already a minority part of your net worth.<br /><br />Me? To make my CPF a smaller part of my net worth, I have to literally take money out!!!<br /><br />SMOL indeed! <br /><br />SMOL is the cute way to spell small, tiny, nano ;)<br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-52736846408606886002020-12-12T10:49:13.779+08:002020-12-12T10:49:13.779+08:00Congratulations! Life is always best if we fall on...Congratulations! Life is always best if we fall on lucky side of the Game. Wrong side is likely end up kpkb MIW and joining Oppo in their loud voices to narrow the inequality gaps. Not bad. You tio HDB Lottery!CreateWealth8888https://www.blogger.com/profile/04870750974362417154noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-71210403847559901112020-12-12T09:48:49.498+08:002020-12-12T09:48:49.498+08:00mysecretinvestment,
Thank you! Still got 4 months...mysecretinvestment,<br /><br />Thank you! Still got 4 months to renovate and move in ;)<br /><br /><br />I would love to leapfrogged into private property for my first home - so would everyone else seeking FIRE!!!<br /><br />The 2 bites of the cherry are for those with lesser means straight out of the gate ;) <br /><br />Like my geography teacher encouraged me, "Jared, if others take 10 minutes to understand, but you need 7 hours to understand, so be it. <br /><br />Once you have understood, there's no difference anymore."<br /><br />Similarly, whether we bought private as our first home, or need 10 bites of the cherry to afford one, once got private property, there's no difference :)<br /> <br /><br />Even though I'm HDB heartlander, I'm not one of those that proudly declare they don't count property as part of their net worth, or swear REITS are better than physical properties...<br /><br />Dead giveaway they are HDB heartlanders with holes in their hearts. Can't afford private properties say so lah!<br /><br /><br />I've stayed at condo with full facilities in Shanghai, and landed property (just one small room) with pool in Athens. I've gotten it out of my system ;)<br /><br /><br />I better say something nice to my HDB brethren before they kick me!<br /><br />Oh! HDB heartlanders can buy private property for investment or rental income.<br /><br />Private property owners can buy HDB but must sell their private property within 6 months after getting their HDB flats.<br /><br />There you go! Happy now?<br /><br />LOL!<br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-12807320931616187422020-12-12T08:19:01.401+08:002020-12-12T08:19:01.401+08:00Congratulations SMOL!
Who says 'big daddy'...Congratulations SMOL!<br /><br />Who says 'big daddy' does not take care of us!?<br /><br />We forwent our bite of the HDB cherry by going straight into private property for our first property. But no regrets, that decision went well. That route also exposed us to things that we would otherwise not be aware or ever experienced. Things like managing your own estate, being the MC chairman, secretary, treasurer, liaising with government agencies on building maintenance compliances AND rallying your neighbours for enbloc sale.<br /><br />Now that we are climbing down the mountain, maybe just maybe, we might get a taste of staying in a HDB (by living with our children when they get their own flats) and rent our properties for our retirement income. ;-)<br /><br />By the way, enjoy your new home! Early Christmas Present!mysecretinvestmenthttps://www.blogger.com/profile/16700632508434787208noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-70465030922748241122020-12-11T20:51:44.380+08:002020-12-11T20:51:44.380+08:00Sillyinvestor,
Thanks!
Best wishes to your BTO b...Sillyinvestor,<br /><br />Thanks!<br /><br />Best wishes to your BTO balloting!!!<br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-69208756120610880902020-12-11T20:24:49.008+08:002020-12-11T20:24:49.008+08:00Congrats ππ
I jealous. I dun think I have the e...Congrats ππ<br /><br />I jealous. I dun think I have the enbloc luck. I just hope I have BTO luck.<br /><br />So far, my BTO no luck... Sigh....<br /><br />Sillyinvestorhttps://www.blogger.com/profile/03228581533460899084noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-31049809811900885952020-12-11T16:36:11.635+08:002020-12-11T16:36:11.635+08:00Spur,
I was pleasantly surprised by the high ceil...Spur,<br /><br />I was pleasantly surprised by the high ceiling of my new BTO :)<br /><br />The high glass sliding doors do make the tiny flat feels more spacious and brighter ;) <br /><br /><br />The balcony I'll let mom have first dip - she'll probably use it for her plants. Hey! Its a HDB planter after all! LOL!<br /><br />Well, there goes my naughty idea of putting wooden slats on the balcony and using it as a "deck chair" to sun tan in the nude all the way up in the clouds!<br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-66518271249066353362020-12-11T13:40:19.677+08:002020-12-11T13:40:19.677+08:00It's still going to be "atas" 3-rm. ...It's still going to be "atas" 3-rm. ;)<br /><br />The high glass sliding doors will give a bright airy feel that conventional windows-only HDB cannot provide.<br /><br />And on high floor too ... windy city baby! No need aircon! (at least in living room)<br /><br />HDB architects try to blend aspirational with national resources. The focus on living space for raising families still take precedence, hence the short depth of HDB balconies (length is still OK).<br /><br />The day we see HDB planters, we know the design dept has gone bonkers. LOL!Spurhttps://www.blogger.com/profile/11824813457786462446noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-76539431211977865172020-12-11T10:21:48.191+08:002020-12-11T10:21:48.191+08:00hyom,
Thanks!
Don't hold your breath about t...hyom,<br /><br />Thanks!<br /><br />Don't hold your breath about the Queen thing... <br /><br />Happily a man of leisure. (No nagging!)<br /><br />LOL!<br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.com