Should I retire with my HDB?

Updated on 26 Jun 2019

78% of Singaporeans are staying in HDB flats. Did you notice that the HDB prices were increasing rapidly before the year of 2013?

But since then, the HDB flat price never returns to the peak. Despite the occasionally million dollar record flat, but it doesn’t rescue the overall HDB market from the downtrend. On the other hand, the private property index has bounced back despite multiple rounds of cooling measures. These make the price gap between private property and HDB getting wider and wider.

HDB and Condo Price Gap

HDB flat size is so comfortable and the price is so affordable. But do you realize what is the disadvantage of owning a HDB flat causing the price continue to fall?
Most people say they want to keep their HDB because they don’t want to stress themselves to pay the higher monthly installment.
But do you know to retire at the age of 62 and live until the age of 85 with $2,500 monthly expenses? How much you must have in your saving?

How much do you need to retire?

$690,000!

With the rising cost in Singapore, do you think you are able to rely on your retirement account?
There was no other way. You must build your own wealth. Be it investment fund or property. I’m sure some of you would have the concern to invest in property because you worry of losing out your hard earn money.

Unprofitable Transaction

Yes, I agree with you. Not every investment comes with profit. In fact, there are many unprofitable transactions in the property market.
And I found that a lot of buyers don’t really do enough research before they buy. Many follow their heart and feeling to make the decision. Most of the time, they have made at least one of the 5 common mistakes.

Hello, I’m Stephen Chong. Numbers won’t lie and I’m using facts and figures to justify property investment. You must know and avoid these 5 mistakes because just one mistake it may cause your money to stuck with your house.

To do all these researches are time-consuming and it keeps updated every after. Register to have a free discussion with me. I’m Stephen Chong. Can reach me at +6591887652.
I will ensure you will have some take away with the great strategies from the discussion.

Plan For Yourself is very Important!

As a lot of people never plan anything before going to showflat and end up paying more.

I suggest we have a short meet up first where I can share with you based on your case and what is the best scenario moving forward and based on the market now what are the projects best suit you!

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    Should I retire with my HDB?
    0.0 rating based on 12,345 ratings
    Overall rating: 0 out of 5 based on 0 reviews.
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    charlane
    charlane
    6 February 2023
    Stephen is very professional and trustworthy agent, he's very responsive and treat all customers with respect. He has put in a lot of effort in making sure my transaction is handled properly, on time and on top of priority. I have already recommended him to my friends that's interested in buying property. Thanks Stephen.
    Elwin840808 Elwin
    Elwin840808 Elwin
    16 January 2023
    Stephen really a good agent. I was new to home selling and have heard many about terrible agents. Stephen was professional and he never made me felt uncomfortable. He is professional, experienced and helpful agent. Highly recommend.
    Marchelina Vincensia
    Marchelina Vincensia
    17 August 2022
    I’ve met so many property agents in my life but Stephen is really a rare find. If you are looking for someone unconventional, who gives advice based on data and answer all your easy and hard questions tirelessly, then I couldn’t recommend Stephen more. A very hardworking, humble and strategic agent, highly recommend!
    Sei Chia Lau
    Sei Chia Lau
    4 August 2022
    Stephen is efficient, responsive and informative. He is able to give us useful advise and guide us patiently. Overall, his service is great👍
    Stanley Tan
    Stanley Tan
    26 June 2022
    Stephen is experienced, analytical and views properties comprehensively. This is evident right from the beginning when we chanced upon his informative YouTube videos. He provided us invaluable advice throughout the process of our property purchase. His calm, humble and polite nature made him an approachable professional to discuss the many questions we had. He was patient with his technical explanations as well as his insightful suggestions. He placed our interests first, in the buyers' shoes, gave us space to consider and has never rushed us to make decisions without proper considerations. His attentiveness goes a long way. Stephen carefully planned out the timeline for us and gave us reminders to complete the various items ahead of the deadlines to avoid unwanted hiccups. It was entirely a worry-free process. Stephen even gone the extra mile to meet us at the law firm to show us the way and be in person with us to sign the S&P. He made our property purchase a great buy and an enjoyable experience. Thank you, Stephen.
    Leo Lim
    Leo Lim
    21 March 2022
    I would like to send a note of commendation to Stephen Chong for his dedication, professionalism, diligence and patience in handling of property transaction. I would absolutely recommend Stephen Chong to buyers and sellers who are considering to buy or sell their homes.
    Lim Ming Hwee
    Lim Ming Hwee
    26 February 2022
    Stephen is a very good agent who goes beyond his way to ensure that his clients are happy. He is very patient and helpful, and will always give good advice.
    Joseph Sze
    Joseph Sze
    24 December 2021
    Stephen is a professional & responsible person who has provided good quality customer services to our recent Condo housing purchase & related matters. I found he has put in great efforts and gone for extre miles to assist us in the whole process and related purchase issues. Excellent work, Stephen!👍🏼👍🏼👍🏼
    SZ Lim
    SZ Lim
    20 July 2021
    Was going thru Stephen's video when I noticed he had a google review panel up. Going to copy paste my review on his FB page from 2019. I still stand by my review. Stephen was very professional throughout our engagement process. I first engaged Stephen as his effort could be seen thru the videos he made. The videos were informative, detailed, yet easy to understand from a beginners point of view. Could also see the improvement of his videos as time passes, and that speaks volumes about one's character on his eagerness to improve and share. During my engagement with him, Stephen was very professional. Since I was very new in the scene, I required alot of guidance and honesty. Stephen was very upfront with me on many items and did not try to hide any facts from me. As a first time buyer, both good and bad prospects were laid out after his detailed analysis on my current financial condition and also on the projects we went to see. Comparing to other agents who will just blab anything that benefits their sales point, Stephen was straightforward and truthful on the issue. I have met quite a few agents but would highly recommend Stephen to people who are looking for properties, be it looking for a place to stay, or looking for a property to invest.
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