DON’T Do This If You Want To Be Rich in Singapore!

You are not going to believe that there are really people doing this to be rich!
In this video,
I will be sharing why you should invest in Singapore properties.
Singapore inflation is 4.1% for 2022 and by investing in Singapore properties, it can beat inflation and make healthy profits in short time frame.
Many people feedback that their main challenge to buy their first property is not having enough downpayment. You can use cash and CPF ordinary account funds as downpayment.
To my surprise, there are many out there who transfer their CPF OA funds to SA (special account) to earn 4% interest. When you do this, it is IRREVERSIBLE! It is more ridiculous when there are some youtubers teaching and encouraging people to do that...
Do you know or heard of any friends who did that?
Do share your thoughts whether you should transfer OA to SA
Are you Team Huat Kueh or Team XXX?
🔥 Upcoming property webinar "Property Outlook and Opportunities in 2023!" 🥳
🎬 Register now!
📌 bit.ly/savvyrich3

[@BomBomm12345]

100% agree, I bought my first property at age 26 in 2017, 1.16m, had to wipe out my own savings, CPF OA, even had to borrow some funds from my parents for the downpayment - never regretted, once property money is tasted, we will know which plan works especially if we are young.. and also more importantly, the number in the CPF SA/MA is just a “number”, we cant see use it or exchange for something as tangible as property until we are 65/70 or whatever the age will be when our time come

[@savvyericchiew]

I bought my 1st property at 26 too! Thanks for your sharing, it gives confidence to the younger generation that buying a property is highly possible by just doing the right things! 🙏🏼🙏🏼

[@prophunter8865]

I bought my first property at 27 one year late 😢! - a unit at Stirling Residence. Increasingly, the younger generation are more and more informed on their property purchase.

[@savvyericchiew]

@@prophunter8865 wow you are definitely giant Huat kueh for buying Stirling! Well done!! 😉

[@quanquan7708]

Thank you for the very heartfelt sincere sharing. Hope I can buy a property I can afford soon 🙏🏻

[@savvyericchiew]

You will definitely get your property as long you don’t transfer OA to SA 😉

[@jackywong4806]

Hi Eric, totally agree. The OA and cash can use to buy a private and rent out to take back as cash. After 20+ years, the property is ours and fully paid. Truly millionaire

[@savvyericchiew]

Exactly! 👍

[@thegreenbaby9365]

Really 语重心长☺️ key word “freedom” is important

[@savvyericchiew]

Let’s hope more people are aware of this and invest their money wisely to gain financial freedom! 😉

[@Mike-e1n]

You are absolutely right Eric

[@savvyericchiew]

🥳🥳

[@collinchin8407]

I admire the honesty you shown in your videos :)

[@savvyericchiew]

Thx 🙏🏼 hopefully more ppl will see this and not do it 😉

[@louth1770]

It's precisely of property commentator like you who have hyped up our property sector to be in this level.

[@savvyericchiew]

Even without me, property market is still going up 😉

[@benng7306]

There are a few things I would never do: 1) use cash to top up cpf just to save that bit of tax 2) to use cash to pay off all my mortgage just to be debt free but left with little cash on hand. 3) to use cash for endowment/saving plans that makes my money stuck for many years Basically I will always ensure I have ready cash on hand so that I can strike any time if I happened to spot a good property to buy. That said, the reason why there are still many 1M65 fans around are mainly because they may not equipped with the skills and knowledge to identify a good buy in property. Whereas the property camp like eric, me and some of us who has tasted success many times will definitely have the confidence to keep investing in property. Anyway, no right or wrong, do what u do best.

[@savvyericchiew]

Great sharing! 🤙🏼🤙🏼

[@rayt2324]

Agreed.

[@savvyericchiew]

Welcome to Team Huat Kueh! 🥳

[@bornfree3531]

If you shift your OA to SA at a young age you are basically not living a meaningful life yet you look forward to having a rewarding retirement.....which by then you find no meaning in life...don't make your life empty...

[@savvyericchiew]

Well said! Totally agree with you! 👍

[@sgppl4450]

Agree!

[@DerrickTay88]

Agree. That's what I thought too and recently had a banter (healthy discussion) with one of my friend on why not to top up. But 2 things that he said actually made me went, "oh ya, true". 1. Topping up MA SA helps with tax relief - instead of money gg back into the govt pocket, we relief it by directing it into our SA MA. 2. Are you really sure your whatever investment can top that 4% and even if you do, to make it worthwhile, it has to be more than 4% because that is practically risk free. I'm still researching more about this topic. But to me it boils down to are you a middle class salary employee earning an average pay with not much to invest, or are you some ah sia kia who have spare cash to afford any kind of down-payment and since it is seating in the bank for a meagle 0.5% interest, why not just pump my shilings into SA for a risk free 4%. For me, both camps make sense, but it's about which camps suits your current situation and goals more.

[@savvyericchiew]

@@DerrickTay88 savings in OA eventually can buy property. Transfer to SA is gone 😢

[@DerrickTay88]

@@savvyericchiew oh definitely not the OA to SA part. If I do that I won't be able to afford the CPF down-payment portion for homes. Haha. I'm only referring to the cash topping of MA/SA.

[@kn283]

Could you upload your recent webinar please?

[@savvyericchiew]

Yo! I’m doing next week! Be the first to register! bit.ly/savvyrich3

[@ehsaibuay]

I standby Eric’s method as I experienced it myself. And I was lucky to ride this property appreciation wave as both me and my wife got 2 properties just before COVID thanks to Eric advise. Now both of our properties have appreciated by 6 figures and one is collecting rent. But you really have to choose the properties wisely and calculate your finances before committing.

[@savvyericchiew]

Wow! Amazing! You are definitely giant Huat Kueh 👍👍

[@chinchowpowpook]

Last time strike 1 mil Toto can buy many thing big car big house, today 1 mil just a hdb.. so in future when I withdraw 1 mil for special account only buy super old car n old hdb resale 1 Bedder n rot n count the days but not count the $..very special interest n special account..

[@savvyericchiew]

Totally agreed! Money now is bigger than money later 👍

[@Mike-e1n]

Eric can you give some KZbin on commercial and industrial properties

[@savvyericchiew]

I try my best 😆

[@lynnc6155]

Eric, i admire your conviction. Yes these are 2 schools of thoughts, both are 1M, one is 1M by 65 and the other is 1M by 35 haha

[@savvyericchiew]

One can enjoy bubble tea and the other cannot 😩

[@edwardlumsianming3430]

I determine my own financial future

[@savvyericchiew]

Jia you! 👍

[@seamuslam]

Looks like there are many successful property investors here. How many alr retired at 45 or below? Or still paying the mortgage debt?

[@savvyericchiew]

It’s a debt if you buy the wrong one. It’s a good debt to start with 😉

[@seamuslam]

@@savvyericchiew so how many with "good" debt achieved FI at 45 or below?

[@savvyericchiew]

@@seamuslam i think you get the point wrong. Many people benefitted from buying properties before 45. Can’t do that if you transfer OA to SA. It will benefit you if you buy right property too 😉

[@Dave-zw7sz]

Tembusu / Continuum / Dunman eric which is your best pick

[@savvyericchiew]

2 of them are good 👍 but must still see the launch pricing 😉

[@jalanjalan7099]

Heng ah. My CPF SA already full liao when I see this. I want to transfer or top up also cannot liao. But hor, Eric, if commit to property, need to have job leh, this year recession, so many tech companies cutting people liao. No job how to buy property sia?

[@savvyericchiew]

Of course need to work and have a job la. Who don’t work at all man? Don’t keep on thinking of negative stuff. There’s no recession this year 😉

[@prophunter8865]

100% agree w this video. Before transferring funds to SA must always must make sure u had bought a property and is sufficiently financially able… with FD rates of some banks above 4% now putting in FD is much more liquid…

[@savvyericchiew]

Don’t transfer is the best! 😆

[@prophunter8865]

@@savvyericchiew if one is a giant huatkuey already it makes sense to diversify.

[@savvyericchiew]

@@prophunter8865 no giant Huat kueh will do such thing 😉

[@JJJJJYT2205]

God is the best ever

[@sp33dbump33]

1M65. Some fully paid off/inherit property and have excess fund in their OA which they cannot withdraw anyway, so might as well transfer to SA to earn 4% when back then fixed deposit was around 2.XX%. Usually those are low risk taker who plan to lead a simple debt free and minimalist life with monthly expenses under $2500 after 65. 1M35. High risk taker who invest in margin/leverage stocks and max out property loan. To be fair, some make it, some dont. 701 private residences were auction by bank in 2021 and 459 in 2022. On the other hand, there are people who did well and make it with more multiple fully paid properties who can achieve FIRE.

[@savvyericchiew]

It’s not a good method for especially for those who haven’t buy their first property and also for the younger generation.

[@sp33dbump33]

​@@savvyericchiew I belong to team huat kueh, property is definitely the way to go for me but at the same time we are grateful for 1m65, they keep the world moving for everyone. 😉

[@savvyericchiew]

@@sp33dbump33 wahaha you super funny! I like you to be in Team Huat Kueh! 🥳🥳

[@Mike-e1n]

I also very confused why people do nor have their first house yet then following 1M65 transfer their OA to SA. MY GOODNESS...

[@savvyericchiew]

Very sad 😢

[@kelvynchin1968]

Whenever you pause yourself and give that look, i just mentally insert the laughing adam sandler soundtrack LOL . I think transfer to SA or sock away SRS works for quite a number of folk la, and property sometimes can lose money one lei if unlucky (ie buy wrong one) :) :) But generally i agree with u , especially if someone is young like 30 y.o. shouldnt lock away funds so early cos the opportunity when younger is much better.

[@savvyericchiew]

💯👍👍

[@kengleetan63]

Eric is right on the ball, ppl transfer funds to SA thinking that the interest in SA is something they want, is really silly. Using OA to invest in property be it HDB or pte, can get return , CPF can NEVER give. Not only that as the property increase in capital gain, one can get rental from the property. All in all, where in the world, can one get DOUBLE gain, while the property is being paid! Of course, 'someone' is harping for CPF members to get 'their money' trapped....for their own investment!😆😆😆😆😆

[@savvyericchiew]

Thanks for being Team Huat Kueh! Let’s hope many stop doing this and invest wisely! 😉

[@chrleliu]

From an investment perspective to become a huat kway, should I renovate my first home or any future homes?

[@savvyericchiew]

Don’t spend too much on HDB and condo. It won’t add much value unless it’s landed

[@alexche6750]

Team Huat Kway!! I have never believe in 1M65 videos....only a very small handful of ppl can follow his methodology....

[@savvyericchiew]

Welcome to Team Huat Kueh! 👍

[@efrodeesiac]

Have to remember that money is locked in in CPF if you transfer it to SA. Liquidity is king.

[@savvyericchiew]

Yes yes! Liquidity! What’s the point of 4% interest and cannot use 😢

[@billtay2839]

My daughter fails to get a BTO after 14 attempts and there is no new EC launch except Tenet which is almost fully sold. What do you recommend?

[@savvyericchiew]

Maybe she is destined to buy private condo 😉 Let me check the stock and get back

[@kn283]

This is exactly what happened to me! 13 times BTO failed. Finally income exceeded bto ceiling so decided to buy tenet before exceed EC ceiling also. tenet also meets my needs better because TOP 2026 so shorter wait than bto. Blessings in disguise bah 😊 I believe there are still 25 units of 3-bedder and 5-bedder left

[@savvyericchiew]

@@kn283 it all happened for a good reason! 😉

[@thomastoh8058]

Sell 1 buy 2 and Topping up SA are actually quite similar in the sense that both are trying to Min Max limited resources to achieve a certain goal. Since everyone have different life goals, there is nothing wrong with either as long the person doing it understand the pros and cons.

[@sgppl4450]

Buy n sell property only 3 years (SSD period) to realise profits.. while SA realise profits at 65 years old. Very big difference leh

[@savvyericchiew]

Well said!! @sgppl4450

[@savvyericchiew]

You totally miss the point Thomas 😢

[@thomastoh8058]

​@@sgppl4450 you are totally discounting the risk involved with property and vice versa people who put money in SA may have huge opportunity loss. so as long as you are comfortable with the downside, there is nothing wrong.

[@thomastoh8058]

@@savvyericchiew actually you are the one missing the whole point as you are biases towards property as an investment class which is totally understandable since its your rice bowl. its akin to people who made millions from crypto swearing by as the best investment class. Similarly I am a licensed broker, I would sometimes question why people plow in so much cash into property when they can make so much more in stocks. My point that different people have different life goals STILL STANDS.

[@namichan6830]

I want to be in Team Huat Kwey

[@savvyericchiew]

Welcome you with open arms!! 🥳🥳

[@trendgeneration9005]

May not apply for low income earner as they unable to afford private. Can u suggest better solution.

[@savvyericchiew]

Aim is to save to invest. Not park away your hard-earned funds and don’t see it again.

[@MARS-ob7eg]

Low income and less educated is not easily to invest in property. even buying wrong bonds can be dammed risky

[@savvyericchiew]

@@MARS-ob7eg putting it into SA is not the solution either.

[@fool1124]

@@MARS-ob7eg I don't agree.

[@attitude111111111111]

My point of view nothing wrong or right - we shall follow a person who has achieved millionaire already and Eric has gotten his first pot of golds long time ago :)

[@savvyericchiew]

🙏🏼🙏🏼 I hope everyone get their property soon even those who transfer OA to SA 😉

[@vincenttravelsg]

I did it once many years ago. Now part of team huat kueh! Will never do the transfer again. 😂

[@savvyericchiew]

Team Huat kueh welcome you with open arms! 🥳

[@canonwhale]

Team Huat Kueh!

[@savvyericchiew]

Team Huat Kueh is happy to have you! 🥳

[@puaysionglee3583]

Should i pay off my current outstanding loan before getting 2nd property? In order to get a full loan?

[@savvyericchiew]

Even you do that, you still need to pay ABSD. Everyone can only own 1 Resi. Get your spouse to buy instead 😉

[@puaysionglee3583]

@@savvyericchiew will it be wiser to get commerical or industrial unit?

[@savvyericchiew]

@@puaysionglee3583 just note that risk is slightly higher. Good for experience investor only. Buy 2nd resi under spouse is the best.

[@Jj-mg1rc]

so far in my line of work, i met many successful entrepreneurs (baby boom gen to Gen X) , often times bulk of their money will be in properties. I have never met anyone who told me they invested into CPF. maybe now new gen thinking and perspective is different.

[@savvyericchiew]

Very happy to know that! 😉

[@Maximax1091]

New Gen Thinking - kzbin.info/www/bejne/op3aZ52cqZmUnq8

[@thsim88]

apply 3 route together. 1 route buy stock especially during crisis. selling m buying much easier than property. 2nd route apply 1m65 method. cpf don't use to buy property. buy stock instead. 3rd route buy property using cash only so when selling don't have to bother cpf accured interest needed to put bk.

[@savvyericchiew]

You are Team 1m65

[@thsim88]

@Eric Chiew not really. partly. I use 3 route together. diverse

[@DerrickTay88]

Hmm but your 2nd method is as good as buying stock straight without gg through SA because if u did bought stock with it, the 4% will be disregarded because the money will be in your brokerage which will not earn you that 4%. But it does help in tax relief when topping up. The 3rd method I agree but provided the person doing that has the capacity to down the cash down-payment. Just voicing out my thoughts, no hard feelings. 😊

[@thsim88]

@@DerrickTay88 no worries, many methods to riches,doing calculated risk

[@DerrickTay88]

@@thsim88 cheers to that. 😊

[@Mike-e1n]

Can put cash into SA. I did that cause my 2nd unit fully paid to bank. Cash nothing to do can do this

[@savvyericchiew]

Please never do this again

[@user-gs5vs5xq7g]

You can always upgrade

[@desmondng7688]

Gd Mrg Master Huat Kway, I own an EC and do wish to decouple in the future to free up 1 name. How do you reckon if one use $cash$ to perform Voluntary Housing Refund to CPF OA? Using $cash$ to pay for monthly mortgage for correct EC? Above will make decoupling easier however less cash rich to afford a second property 😢

[@desmondng7688]

*current instead of correct 😂

[@savvyericchiew]

If you do the right way, during decouple, the loan will be sufficient to take care of the CPF OA and don’t need to use to top up OA.

[@desmondng7688]

@@savvyericchiew Abit chim but will speak to you once MOP hit

[@savvyericchiew]

@@desmondng7688 looking forward 😉

[@boy30002000]

The tax savings from topping up to SA can be very substantial for higher income earners.

[@savvyericchiew]

Just make sure you have enough for property Downpayment. That’s more important then tax savings.

[@chinchowpowpook]

When critical situations hit u ,,even fkinggf big special acc can’t tide u over, not even a milk bottle..all your love ones will hate u for that.,that’s called the “d65” doomed 65 with a million too late to touch n used🥶🥶🥶🥶🥶🥶🥶🥶

[@chinchowpowpook]

When critical situations hit u ,,even fkinggf big special acc can’t tide u over, not even a milk bottle..all your love ones will hate u for that.,that’s called the “d65” doomed 65 with a million too late to touch n used🥶🥶🥶🥶🥶🥶🥶🥶

[@savvyericchiew]

@@chinchowpowpook I totally agree with you! Totally true! 👍👍

[@SGCraftYoutube]

Bro I think I am with you on not transferring OA to SA. But why you think top up SA with cash is a bad idea? You don't pay tax meh, tax relief is good

[@savvyericchiew]

Welcome to Team Huat Kueh! 👍 For my case, I don’t save much on tax even for tax relief. I rather save up my cash for investment 😉

[@Ken-fx6vl]

The whole idea is to reach the minimum sum asap as the interest of 4% will paid up the increase of minimum sum over the years. But the issue it is irreversible

[@jeremylee6352]

what's the withdrawal age btw? is it 55 or 65? or 67? by then even if u hav 1m, u also cannot take loan liao (unless 55) what's the point?

[@savvyericchiew]

Can’t do that if you want to invest in the right way

[@savvyericchiew]

Exactly! No point at all! It’s so silly to do that 😢

[@jeremylee6352]

@@savvyericchiew i just wonder how much is 1m really worth after 40 yrs... by then mabe HDB flats are all 1m liao ... it's almost like an irony ... i've always heard - if u sell high, u buy high too mah ... yeah but if u do this, u get high interests, but cash out liao still can't afford anything... -.-

[@savvyericchiew]

@@jeremylee6352 sadly will be old by then… 😢

[@descheong86]

Team Huat Kuey 😅

[@savvyericchiew]

Welcome Des to THK! 🥳

[@limoman5015]

I am M65 (SA + RA). Goodbye Tension. Hello Pension. Convinced my niece to transfer OA to SA (@age 32) three years ago. She will be 1M55 (SA + RA).

[@limoman5015]

She will have 1m55 (SA=RA) if she continues working till age 55. Then do a CPF SA shielding if it is still allowed by CPF board.

[@savvyericchiew]

Wish you the best!! 👍

[@savvyericchiew]

Hope she buys her property too! 👍

[@kelvynchin1968]

@@limoman5015 shhh, mai kong aneh tua sia lei. later they close the hole. LOL

[@limoman5015]

@@savvyericchiewShe Bought HDB flat last year. Waiting for Mr Right to upgrade to EC condo later.

[@LionsEyeLand]

Query : When you refer to 1st property for investment, do you refer to the first home (likely own stay), or you mean 2nd property where the property is capable of yielding rental income ? The past 1 year has seen large growth in rental yields, no doubt, but there's alot more at hand needed when looking to buy a 2nd property even if one is a SC. The 1st property in typical scenarios are only able to generate returns based on capital gain, which is still a gain thats only on paper.

[@savvyericchiew]

I refer to the capital gains which I haven’t include rental income if it’s for investment property. There’s a option to extract your paper gain through term loan. This is the beauty of owning property 😉

[@jamescameron8569]

Great sharing! Just curious, as a 25-year old couple, is a BTO/EC/others a better choice for the first property investment? Understand it’s highly contextual, but just curious on your thoughts! Thanks as always Eric!

[@savvyericchiew]

It’s always EC. You will thank me later 😉

[@derrickliu2801]

Swee la bro

[@savvyericchiew]

Welcome to Team Huat Kueh!! 😉

[@yangkengtang9297]

Bro , did you know you can still use your sa or your retirement account if you meet the minimum account to finance your house

[@savvyericchiew]

Downpayment only OA and cash. Without property, don’t even need to finance it 😢

[@yangkengtang9297]

Bro, that’s what I say meet your minimum sum in your cpf account account.

[@savvyericchiew]

@@yangkengtang9297 that’s ok as long don’t transfer OA to SA or top up cash to SA 😉

[@HawkishMerlion1965]

I long ago suspected that all these KZbinr sponsor by CPF. Lol. I only contribute to the Medisave account because of MAS ruling.

[@savvyericchiew]

Same thoughts! MA don’t have a choice as self-employed must contribute.

[@simonk1765]

Team Huat Kwey = 1M35 and 3M65 and more. Sell 1 buy 2 first, den top up CPF with cash to save income tax. 11.5% tax savings and compound 4% p.a. is decent. There is a limit one could top up though. 😂

[@savvyericchiew]

Once you done Sell 1 Buy 2, you won’t care about the top up anymore 😆 because you made so much from property that outweigh the 4%

[@beny.5736]

1M35 or 1M40 should be the goal nowadays! People who still think that *ahem* 1M65 is an achievement need to wake up their idea and realize 1M is not even enough to retire comfortably today, let alone in 25 or 30 years time!

[@savvyericchiew]

Totally! As long as the money is not stuck and you can keep investing it to grow a great portfolio! 👍

[@gparamaeswary7276]

How can a single who can only buy a 2rm flexi bto upgrade himself or herself any webinar on this?

[@quanquan7708]

Same here + non mature estate

[@savvyericchiew]

I will do a video on how single can start investing 😉

[@savvyericchiew]

Will do a video on singles soon. stay tuned!

[@gparamaeswary7276]

@@savvyericchiew Thank you😊

[@quanquan7708]

@@savvyericchiew Thankful for this. Hopefully can become mini huat kueh

[@aileronyakadventures9505]

Property can generate extra cash flow by renting your unit out too. Those put in SA is really thinking of retirement at X Age but how long you know you gonna live? Is best to handle your own finance than let the government do it 🤣

[@savvyericchiew]

Totally 💯 what’s the point of investment when you can’t use it 😉

[@aileronyakadventures9505]

My view is liquidity is very important. If property is a non-liquid asset, then SA is Ultra Non Liquid Asset! Because you cannot even use it until you are old! Even private property can be use as collateral to free up cash by taking loan from the bank.

[@savvyericchiew]

@@aileronyakadventures9505 can tell you are an experienced investor. Totally agreed what you shared! 👍👍

[@noooooooooooooook]

Place money below your pillow also better, at least you can use it freely within the retirement (65) age limit timeframe..

[@savvyericchiew]

Totally 💯 Enjoy anytime anywhere anyhow before 65 👍

[@RevoOnRev1337]

think why they got such mindset of cpf s.a, is that they were not exposed enough by family or friends into property ownership and market more people know, means all agents giant huat cake :D but more competition for buyer and seller D:

[@savvyericchiew]

Mixed with wrong ppl 😆

[@eugenekoh1760]

1M65?! No thanks man! I dictate how I can invest with my disposable cash. Monetise my OA by renting the property paid with CPF, and kick the accrued interest can down the road for as long as I dun sell the property. If one bites the dust today, the cpf $ will be just cpf $

[@savvyericchiew]

Totally true!

[@sozbroski]

1M65 ☠

[@savvyericchiew]

Welcome to Team Huat Kueh! 😆

[@darrenkwok84]

haiyo bbq liao

[@savvyericchiew]

You also 1984! 🥳 welcome to Team Huat Kueh! 😉

[@HawkishMerlion1965]

Truth hurt! 😂😂😂 cyber war coming! Let me be 和事佬。everyone have different resources and objectives and risk appetite. Just invest in products that suit you the best. Only important point is don’t contribute or top up cpf as cpf is 水中月. Top up also top up for your old parents cpf mah. There risk in property investment same as other investments. FD, bond , bill and are of lesser risk。

[@savvyericchiew]

It’s important to educate the younger generations the right way of investing 👍

[@aly5130]

According to honeymoney, he only placed top up $40K to SA + $40K to MA to achieve what he hs now in CPF. But I do agree with you, between buying 1st property or top up to CPF, I prefer the former. Everyone needs a house first.

[@savvyericchiew]

I hope to see him buys his property soon! 😉

[@kelvynchin1968]

There is a cap on how much you can top up to SA anyway, which is up to the year's FRS (198,800 this year). If someone does not need OA to invest, then it makes sense for that person to transfer it to SA. (Maybe he/she has rich parents etc). Remember also there are tax savings. Ditto for SRS. Not saying anybody is wrong - just mentioning the other side of the argument.

[@aly5130]

@@kelvynchin1968 Yes what you said is correct. I checked with CPF directly too in person before topping up to the full FRS amount. But that was after I got my first investment property. Both are important investment vehicle and I prefer to invest first in property (probably asian culture).

[@Maximax1091]

@@savvyericchiew His property is HDB BTO but most likely he won't upgrade as he is moving to Malaysia.

[@escadalin]

Out of point but anyone said there is a resemblance btw u and Huang Wenyong? 😆

[@savvyericchiew]

Wahaha you are the first! 😆

[@KelvinTan808]

Haha the xMxx man will be v upset 🤭

[@savvyericchiew]

It’s a very bad strategy for the younger generation.

[@stickymoney]

People who recommend topping up the SA are "ppl who have not tasted property money" 100% true.

[@savvyericchiew]

Happy to know that you are an experience huat kueh! It’s possible to make more than 100% of your capital in 3 years from a good property investment compared to 4% SA annually for 3 years!

[@MasterLeong888]

Team Huat Kwey vs Team 1M65 lol, the war has begun... Master eat popcorn watch show lol lol lol

[@savvyericchiew]

😉

[@makwoon3635]

It's so obvious. Properties is the fastest way to make money in Singapore. Some make hundreds of thousands within a year if they are lucky. I can't imagine saving hard with every single cent you earn to get those money.一分一毛，一分一毛地存，🉐存到哪年哪月啊！quite many of my colleagues didn't upgrade. They faithfully stay in their first hdb and rot ... Those who upgrade to condo or landed see their assets appreciate so much and so fast. If those who still stay in their flats choose to upgrade to condo now, they would have to pay soo much more and it's all hard cash leh! Buying properties in Singapore is a sure win la! Must quickly buy while young, dun wait! Mai tu liao!👍

[@savvyericchiew]

@@makwoon3635 love your thoughts and sharing! I totally agree!! 🥳🥳

[@lauratan7674]

That’s why you must follow the right person! That cui fella 30+ yrs old stay hdb the advice sure cui la! Eric 30+ stay landed the advice sure huat! 🎉🧧

[@savvyericchiew]

He definitely can do it too! Let’s hope he buys his property soon! 😉