By Dinesh Dayani, via dollarsandsense.sg
SINGAPORE — During a recent reservist In-Camp Training, I had meaningful conversations with my buddies. Over the years, 10 years in total, our conversations evolved from talking about furthering our studies and girlfriends to discussing our education and finding a job, and eventually to investing and starting a family.
One of my conversations with a close buddy was about investments. This was quite prevalent during this reservist because I’m writing for DollarsAndSense. What struck me when I spoke to him was that my friend believed that buying a 4D ticket from Singapore Pools was akin to making an investment.
By Joanne Poh, via moneysmart.sg
Buying a home in Singapore is a complicated procedure. Unless you’ve got the dough for private property, you’re pretty much stuck playing by the HDB’s rules: get married or be over 35. For most people, that means when you can buy a home is something that has to be left up to fate.
But buying a home as early as you can does have its advantages, assuming you can find somebody who is willing to do so with you. Here’s why:
Are you spending your renovation in the right areas? (via dollarsandsense.sg)
Moving in to a new home can be both exciting and troubling at the same time, especially when there are multiple factors to decide on before you spend your hard earned money into the home renovation.
Before you hit the panic button, watch this video to find out more about the 5 key areas of your house that you can renovate to make your place comfortable to live in, and at the same time to retain its value or even increase the value of your home by more than what you spent on it.
By Joanne Poh, via moneysmart.sg
Owning a home is one of the most important items on Singaporeans’ checklist of life goals. And based on how horribly expensive it is to rent here, it’s easy to see why.
Renting a home or even just a room, even if it’s the only way for a 40-year-old virgin to get out from under his parent’s thumb, is usually frowned upon as a waste of money that could otherwise go towards saving for a downpayment.
Best to understand what you should pay for rather than lose out. (via dollarsandsense.sg)
By Ching Sue Mae via dollarsandsense.sg
SINGAPORE — Renting housing units in Singapore is common, especially with Singapore being one of the most attractive countries for expats to live and work in. Very often, these rental units are leased by expats who are often unsure of how long they will be staying in the country or permanent residents.
Ms Tan (not her real name) started the adoption process for her two-year-old daughter last August. They now live with Ms Tan’s parents in her brother’s marital home. Once the adoption goes through, she plans to buy a built-to-order flat in her and her daughter’s names. (via straitstimes.com)
Baby Bonus cash gift, too, meant only for children born to married couples, says MSF
SINGAPORE — An unwed parent will not be entitled to housing benefits even if the father or mother adopts their own child who is born out of wedlock.
And the Baby Bonus cash gift is meant only for those who have children within a marriage.
The Ministry of Social and Family Development (MSF) yesterday made this clear in a letter to The Straits Times Forum page.
Just married and waiting for your home to be ready? Here are some housing options you can consider (via houzz.com.sg)
By Amanda Jayne, via houzz.com.sg
SINGAPORE — It can take upwards of three years for a build-to-order (BTO) flat from Housing Development Board (HDB) to be ready. Some projects can take just two years; others, nearly six. For newlyweds, this can prove to be quite a trying situation. It is a frustrating process (trust me, I know), and while a proposed date of completion is usually offered, it is rarely accurate. Here are some housing options you can consider while playing the waiting game.