City View

EVERYTHING INCREASE!!! Cab fare, petrol price, ERP, sand price, cost of living, HDB price, food price, mrt fare, etc..How on earth are we going to survive in this era??


Have recently thought of getting the City view hdb which is near my dad's place because I am in favor of its location. Apart from its DBSS scheme, I would be entitled to the 40K grant as well. The down side of it is the cost.


Wow, the property price just continue to head north and a 5 room flat cost about 700K++. Unbelievable expensive and with the income cap at 8K, I really do not have any idea how those people going to pay off. E.g. If it is the $700K 5 room flat, they have to pay $200K cash upfront and be eligible for the loan of $500k. This means these people must $8K per month for the next 30 years plus cash to pay the difference. What happened if they are jobless for 1-2 mths huh?? Besides, I doubt they will not be able to sell the flat higher than what they have paid for right??


Anyway, we have dropped the idea because we are not eligible to buy HDB even due to our total income. Either we go for resales hdb or condo, in this case, I guess we have to wait for the market to crash BIG time in order to afford it. Well, I am waiting to see how many people suffer from the crisis.

Did you know...

Did you know that you could obtain a Customer Enquiry report of yours which include the following information:-

- Basic individual profile, such as name, identity card number, date of birth, address occupation, marital status etc;
- Records of all credit checks made on the consumer;
- Monthly records on how prompt were repayments made in comparison to the due dates;
- Records of bad debts, if any; (This information is kept for six years.)
- Bankruptcy record, if any. (This information is kept for six years from date of discharge.)

The credit bureau is a repository of factual information on the credit application and repayment records of consumers only. It provides this information to its members (credit providers), under authorised conditions, to help them to determine whether or not the person applying for credit is likely to repay. In doing this, a credit bureau helps lenders to make better lending decisions quickly and objectively. It also guards against fraud.

Note that all these information are accessible by the following members:-
- ABN AMRO
- American Express
- Bank of China
- CitiBank
- DBS Bank
- Diners Club
- Hong Leong Finance
- HSBC
- MayBank
- OCBC
- RHB Bank
- Sing Investments & Finance Limited
- Standard Chartered
- United Overseas Bank Group

So, the best preventive measure is to exercise good money management and make repayment on time in order to prevent having negative information of yours being sent to the bureau.

Some statistics for sharing:-

Comsumers at the age group (21-29) that use the following products have an average balance of :

Credit Card: $2,324
Personal Loan: $6,686
Motor Vehicles Loan: $43,700
Housing Loan: $137,942

And, 4.13% of Consumers in the above age group had an overdue account in the latest month review.

The new start of the Year

It has been awhile since I updated my blog. First of all, A happy new year to everyone. Hope everyone has already made your resolutions for the year. Cheers!!!

Well, as for me, I have started my new year with a new hair style, a new job and of course I have made my own resolutions too.

It has been my second day at work and everything went well so far. It has surprised me that my team which consists of 20 plus colleagues are all so young around late 20 to early 30. Wow, all the young people around and having said that, it is really a fun team to work with, awesome. I have joined this company as senior consultant III and tonnes of work to learn from as I did not have any much security audit experience before. It will be a time which I have to pick up skills and certification quickly in order to catch up. Pretty excited about it because I enjoying learning.

Was told on my first day work about this initiative which I have to go on Friday night. Guess what?? An invitation to The Boiler Room at St James, a welcome party organised by the team for me to break the ice and get myself drunk. Lol..Was informed that it is the culture here for team to organise event for new comer...Sound interesting???

Night at The Boiler Room was good. It was very sporting for the entire team to turn up and enjoy themselves. They have ordered "BIG" bottles of Hennessy XO ($800++ per bottle), vodka, etc. The chap who paid for it is definitely generous as I think the total bill definitely costs a few thousands dollars. As I am the ones to be initiated, colleagues had been asking me to drink round the table. See, I am allergic to alcohol and what I did is to add many ice cubes into my drink to make it diluted. Besides, my girl colleague also helped me by adding plain water into the drink secretly and not to say, my buddy did help to drink some on behalf of me. Lucky me!!!

All in all, the night was fun. I get to be closer to them and able to map the names to their faces. Next is to get busy with projects coming the way...