Retirement Planning Is Not Just About Saving That Sum

good retirement planning is simply

Not matter how much money you set aside, whether it is in your CPF or other savings, it can be depleted in just a matter of time. However, an income would not. The untold secret about retirement planning is actually about retirement income, not the fund itself.

Retirement lifestyle and retirement fund

You must have heard a lot about setting a realistic lifestyle that is comfortable yet not overly straining on your retirement fund.

So what is your realistic lifestyle?

And have you calculated how fast will your retirement fund last you till?

If you have not, don’t be too surprised if it didn’t last you as long as you expected. It can actually deplete quite fast.

See the following scribble I draw together with a client on how fast can retirement fund deplete after one leave their full-time job.


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Retirement fund over time 


Retirement income

This is the key to successful and happy retirement, a good sustainable passive income for retirement.

It could be one or two of the following :

  • Dividend payout from stocks, bonds, insurance etc
  • Profit sharings from stakes of companies, partnership or startups
  • Returns from crowdfunding, high-interest deposits
  • Rental income from properties
  • and the list goes on

All the above has certain risk components in it, you have to decide which is the most suitable for your risk appetite and to start building it now.

Whether or not you are in 20s, 30s or 40s, start today to think about what is your retirement income and plan a way to achieve it.

It is never too late when you start today =)



5 Reasons Why I Will Buy Forest Woods Condominium


If not for the 5 years minimum occupation period, I would certainly put my name in the application for Forest Woods this weekend. As a few of my friends are already doing site recce for this project and got the bank’s IPA ready, I think it is only fair to let more people know about this plot of awesomeness.

Here are 5 reasons that will make me buy Forest Woods.


Whether you are buying to stay or to rent out, convenience will most likely be the key factor. Fortunately, in terms of convenience, Forest Wood is a pretty clear winner.

It is only 5 minutes walk to NEX megamall which has almost two of everything you can think of; 2 supermarkets, 2 food courts etc. And with Serangoon MRT and Bus interchange within NEX, it is also 5 minutes away. This is the key factor why I will buy this. I always have to join the queue to the car parks to NEX

This is the key factor why I will buy this, going to NEX will be just a short walk rather than joining the queue to the car parks like I always do.

Furthermore, being in Serangoon also means that you are just a short drive to the city centre, also with CTE / KPE / PIE nearby, accessibility will not be an issue.

forest wood convenience.JPG

Reputable developer

City Development Limited (CDL) is a homegrown developer that have earned the trust of many generations of Singaporeans. Through its leadership in sustainable and greener buildings, it has been recognised in various local and international awards. Not forgetting other recent good projects by CDL such as Gramercy Park, Up @ Robertson Quay and The Venue Residences and Shoppes.

Good premium developer means high-quality development in terms of construction, internal furnishing and appliances. Furthermore, riding on to the bandwagon of home automation, units in Forest Wood will be equipped with smart home appliances. How cool is that!

In short, you can be rest assured that they will do a good job and live up to their name.

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One of its kind in Serangoon

There are no other equivalent condominiums in the radius of 2 kilometres.

It has been years since we last saw a project like this in Serangoon, you can imagine the pool of residents currently living in Serangoon waiting for this to come. It is going to be highly anticipated.

With such limited comparables supply in the vicinity, there is no doubt that the demand for this project will be high.

forest wood comparables.JPG

High rental yield

Being one of its kind and lack comparable supply makes it the unique when comes to the tenant market.

Even with 50% of the units being 1 bedroom and 2 bedrooms, it may not be enough to fulfil the demand from potential tenants that like this area and the convenience Forest Woods can provide.

With a good tenant pool, rent rate will not be impacted by the current slow and tenant’s market. Hence, together with the current low interest, rental yield will be an appealing factor if you are planning to rent out your units.

Potential capital gains

With multiple government plans in place, such as the Serangoon sub-regional centre rejuvenation and makeover for Defu industrial estate and Seletar Aerospace Park, there is no doubt that this area will look very different in a few years time.

As we all know capital gain is highly driven by the development that changes how the area will look and feel, the potential capital gain is promising.


Certainly, there will be tradeoffs with all the good points you see above, with more convenience means more crowd and with a reputable developer comes with a premium price tag. It is all about seeing the intrinsic value of these good points that can provide a better living standard for you and your family in the long run.

This project is going to launch this weekend, contact me if you need help to understand  your readiness to buy into this great property!

Living In The Sky (Terrace) @ Dawson

When high-rise residential buildings were first introduced, there were no lifts and most people still preferred to stay at the ground floor like they used to be. Back in the old days, the property price reduces as the level gets higher, but today it is the direct opposite.

Today, people are used to taking lifts and prefer an unblocked view of the horizon from their rooms, hence resulting units at the higher level being sold at a higher price than their neighbours on a lower level.

Just like many others, I was very lucky to get a flat that is high up, above 35th floors.

After staying in the sky, for more than a year now. I will dedicate this post to listing some pros and cons when living on a high floor.

This will be particularly useful if you are considering a high-rise property.


Beautiful panoramic view, of course.

Furthermore, with the Singapore Botanic Gardens and nature reserve right in front, the lush greenery brings tranquillity into the house. This is especially useful to kick start myself in the morning with positive energy from the greens.


Very frequent strong wind, that can turn the ceiling fan when it is turned off and wind-dry the laundry overnight. On many occasions, the whistling wind will turn in sudden gust strong enough to slam the windows shut one after another.

Early storm warning, is a plus point especially when we are preparing to head out.


Sell at a higher price, of course. I do not have to say more on this.


Long wait for the lift or the long ride with multiple stops is quite frustrating when you are in the rush to appointment or to use the toilet =x

Popping ears or the uncomfortable feeling in the ears when taking the lift due to sudden pressure change.

The air conditioning system has become a white elephant.


And the list goes on.


Nevertheless, I have fallen in love with this home of mine especially when all the pros outweighs the cons substantially, I’m not sure how am I going to adapt to a landed property in future. Let’s see.

District Rotations In Property Market

District Rotation

Basically, there are a few factors that can push up the property prices in a certain district, one salient factor is the government funding for development.

Government funding for development

It all started with development plans for some districts to improve infrastructure and amenities in the area with the interest of its residents, as part of the bigger master plan.

This will lead to more demand in properties as better infrastructure means better price, which will attract more real estate developers to build more properties. Eventually, new properties and amenities will reach a saturation point and this district will be considered as ‘developed’ or mature estate.

However, as it gets more crowded, some issues are now more intolerable such as traffic congestion, limited parking space, crowded public transport.

At this moment, the funds from the state will then be channelled to develop newer districts such as Punggol, Bukit Batok, Woodlands and Bidadari etc.

This is when early adopters receive comments from their friends saying that their new home is so out of the way. But soon enough, one can imagine, these  districts will be the new hot topics in town as they get the new facilities such as roof gardens, sky terrace designs, waterway hub etc. Such branding will draw more crowd to invest and move in.

And the cycle repeats to the next district – Tengah, the Forest Town.

Turning your CPF into an ATM machine

how to turn cpf into atm

The answer is simple.

Via rental.

When you are using CPF to pay for the mortgage of your investment property that is rented out, you will receive cash from rent. In this way, the CPF withdrew has just been converted into cash by renting your property out.

Only use this method when you know how and have a plan for this extra income.

If you do not have plans to earn at least 3% per annum from this extra cash, I would recommend you to leave them in your CPF account for a 2.5% interest.