HDB - Growing Wealth through Home ownership

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Lorna Tan
Prior to joining DBS, Lorna was the Invest Editor at The Straits Times for 16 years, covering finance and consumer protection issues. She has won numerous awards for excellence in financial reporting and public service journalism, and is the author of four bestsellers: Money Smart-Own Your Financial Destiny, Retire Smart- Financial Planning Made Easy, More Talk Money and Talk Money.

As a wage earner, there’s only so much I can earn and save. This is why I realised that I would need to do more to be able to mitigate longevity and inflation concerns, and be able to fund my desired retirement lifestyle and that of my parents.

It helps that I have a money personality that naturally gravitates to being a disciplined saver with an innate curiosity on what’s new in the investment landscape. Change is the only constant so I keep myself plugged in by researching, reading, listening to podcasts and attending financial-related seminars. While I am mindful of my short- and mid-term financial goals, I have adopted a long-term diversified investment approach to achieve financial freedom. For me, financial planning must be deliberate and quantifiable, and I continue to track and refine it over the years.

I get restless when I have too much idle cash lying around and would constantly seek opportunities - after ensuring I have adequate insurance protection of course – to make my money work harder for me. Diversification is key. This includes optimising government schemes like CPF and SRS, and having a mix of asset classes like equities, fixed income, real estate, and private equity products.

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https://www.businesstimes.com.sg/wea...ial-highlights

https://www.businesstimes.com.sg/wea...%20investments.

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To the bystander, this appears counterintuitive. The flats are sold with a 99-year lease where the owner owns only the right to use the property for a specific period of time, rather than the right of ownership over the property and/or the land (as in leasehold or freehold assets). Its value thus derives from the lease. As the lease gets shorter, the value should decline: 99 years of lease is worth more than 98, which is worth more than 97, and so on. But the moment you possess a flat in Singapore, its value rises. Why?

https://newnaratif.com/housing-in-singapore/