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!

Register for Non-Obligatory Discussion:

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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.
    Name
    Email
    Review Title
    Rating
    Review Content
    Stephen Chong
    Stephen Chong
    Lim Ming Hwee
    Lim Ming Hwee
    2022-02-26
    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
    2021-12-24
    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
    2021-07-20
    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.
    YingYu Tan
    YingYu Tan
    2021-07-11
    Stephen handled both my HDB sale and new condo purchase. The whole process was fuss-free and smooth. What impressed me was his willingness to go the extra mile for his client, from analyzing every detail and being there for me and my wife every step of the selling/buying process.
    陳若芸
    陳若芸
    2021-07-04
    Cannot believers Mr Stephen posting my rental unit less than 10 mins ? Yes, can't believed it ? but please believed it. 1st day open ..more then 8 enquiry. Mr Stephen was very professional, patient and knowledgeable, he shares all the information i needed, excellent service 💪💪 Rent out my unit within 2 days highly recommended ..BINGO
    Jade Bai
    Jade Bai
    2021-06-30
    We came across Stephen YouTube video and appreciated the tips he is providing. We decided to engage Stephen when we were house hunting. Most people may feel that you can DIY resale hdb buying process. Personally we feel its money well spent engaging Stephen. The whole buying process is swift. Stephen is very prompt in his reply. He did alot of detailed analysis and recommend us the units we can explore. He is very detailed anf meticulous. This process saved alot of time. He also gave us helpful advice on the units we viewed. No hard selling or rush you into hasty decisions 😊
    Adrian Tay
    Adrian Tay
    2021-06-30
    Knowledgeable and professional, Stephen is not the typical agent you will meet. Ever so patient, he will help provide his genuine feedback and never pushy unlike most sales agents. Fortunate to have Stephen walk with me in my property investment journey. Will recommend Stephen to anyone who is looking for a trustworthy agent to walk the mile with.
    michael tan
    michael tan
    2021-06-29
    Very patient and give good advise. I bought ec under him and he sold my hdb.
    CY Goh
    CY Goh
    2021-06-05
    I believe every property investors or home buyers have encounters with numerous property agents. However, how many of you ever met someone with passion and enthusiasm to sit down and analyze each property based on your criteria (budget, requirements like location, size, etc)? Having watched Stephen's videos in YouTube, decided to ping him and the rest is unspoken of. Not only did he helped to narrow down our search, he also analyzed which project has higher prospect and which unit (level, facing, etc) fits our living habits. No complaints, except for not knowing Stephen earlier. Good job Stephen, thank you.
    Esther Cheh
    Esther Cheh
    2021-04-30
    Stephen was the agent assisting us in the purchase of our condo and now to market them for rental. He is extremely helpful, open, transparent and reliable throughout the entire time. He went above and beyond to help us set things up while we are not in Singapore.He is also very professional and knowledgeable about the property market in general. I am confident to leave our condo in his care to find us a good tenant and to manage them in future.
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