65 year old needs job to repay stranger who helped him buy HDB SA

June 11, 2014

65 year old desperately needs a job

“After moving in to my Studio Apartment last Dec, I have not been able to secure stable income jobs maybe due to my age (65), (I need $1500 a month to pull through).

I could only find part time jobs like Invigilator for 2 private educational institutions and ad hoc Traffic surveyor which give me about $500 monthly.

My CPF monthly income is reduced to $500, Hence I could not keep up with the loan repayment scheme. Besides I also have other payments to make, like outstanding rental from previous flat, SP service, telephone bills and living expenses for my wife and myself.

With all these stress to shoulder alone, I don know when I will breakdown. If things still dont improved, I may consider sell back my SA to HDB and rent a room to stay with my wife and be homeless again.

It is so embarrassed for my age (pioneer generation) to still fending for my livelihood and chase by creditors.

I hope you can help me look for someone or some company that could offer me a permanant job so I can pay off my loan in time”

“I completed my Sec 4 and HSC then got my Diploma in EEE from Ngee Ann
and later a Life Insurance Diploma from SII. truly bi-lingual.

My work experience: 1st six years as Technical Instructor in SAF after ROD
spent 8 years in IT industries as computer hardware engineer and some logistic function, then joined an insurance company for 17 years (2 years as agency supervisor), 2 years with NTUC Income as Insurance consultant; 4 years in administration, 2 years in retails, 2 years in research field survey; others include sub-con for StarHub, IT sales”

Recap on his housing problems last year:

“Jan 31, 2014

http://www.tremeritus.com/2014/01/31/cpf-approves-appeal-to-use-ra-for-hdb-studio-flat/

[This letter was forwarded to TRE by Leong Sze Hian, who had given financial counselling to the writer. The writer wants to share his experience.]

My wife and I have finally bought our HDB Studio Apartment (SA) and already moved in last December. Thinking back one year ago when we were faced with so many problems to purchase this flat and have been so fortunate to receive the help of so many people after my story was shared on theonlinecitizen (“64 years old couple’s housing woes?“, Jul 19, 2013), until the completion of the sale.

In particular, I am very grateful to the stranger who came forward to lend me $25,000 without interest, which I shall be repaying by installments over 2 years.”

Leong Sze Hian

 

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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.