HDB youtube video: 340k views – smart or stupid?

April 19, 2017

I refer to the 4 minutes and 8 seconds youtube video “How much HDBs really cost in Singapore” – “Buying your first apartment can be daunting, but with clever planning, a 4-room BTO flat in Sembawang wouldn’t even require any payment upfront.

Here’s a crash course on how you can pay the least possible amount for a house in Singapore!” by TheSmartLocal.com (published about a month ago) which already has 340,000 views and 1,900 comments.

If you are buying arguably, one of the most expensive public housing (ratio of price to net income) in the world …

If you may be putting a lot of your savings for retirement into your flat – leaving you with insufficient funds for retirement …

If your flat’s value starts to decline when potential buyers perceive that it may be too old …

If at the end of the day (99 years lease) – your flat may become worthless …

Do you think you are “smart” or “stupid”?

Leong Sze Hian

About the Author

Leong

Leong Sze Hian has served as the president of 4 professional bodies, honorary consul of 2 countries, an alumnus of Harvard University, authored 4 books, quoted over 1500 times in the media , has been a radio talkshow host, a newspaper daily columnist, Wharton Fellow, SEACeM Fellow, columnist for theonlinecitizen and Malaysiakini, executive producer of Ilo Ilo (40 international awards), Hotel Mumbai (associate producer), invited to speak more than 200 times in about 40 countries, CIFA advisory board member, founding advisor to the Financial Planning Associations of 2 countries. He has 3 Masters, 2 Bachelors degrees and 13 professional qualifications.