Property Assets

I am sharing some information regarding about one very important investment tool or asset to us, which is property. Although I am not a property agent, however one crucial point in financial Planning will be property which is an important assets in Ones' life.

Recently Government have imposed quite a number of measures to the property. To people who dont keep track of news, these are some important stuff which you need to take note. For 1st timers Singaporean buyer who are buying HDB flats from HDB board itself wont be affect by these colling measures.

To promote a more stable and sustainable market, the government has issued an additional buyer’s stamp duty (ABSD) on the sale of private residential property with effective on 8th Dec onwards.

An ABSD of 10 per cent of the purchase price or market value of the property — whichever is higher — is applicable to foreign buyers and corporate entities, while permanent residents (PRs) buying their second and subsequent properties will face an ABSD of three per cent. An ABSD of three per cent is only applicable to Singaporeans who are purchasing their third or subsequent properties.

For joint purchases, say between a Singaporean and a PR, or a PR and a foreigner, the higher rate will apply.However, the government will provide reliefs in certain cases, such as when a Singaporean marries a PR or foreigner, so that this move does not impact home occupation demand by residents, said the ministries.

The existing Buyer’s Stamp Duty on property purchases applies at one per cent on the first $180,000 of the purchase price or market value of the property (whichever is higher), two per cent on the next $180,000 and three per cent for the remainder.

Points to take note for People who are looking for their 1st Property, do try to get a HDB flats as your 1st property as Newly wed couples (especially young couples) do not tied down yourself with Highly Maintenance Loan. Cos if after paying the housing Loan, you might not have suffficient money left for emergency needs.

And also dont forget to get yourself a Mortgage insurance to protect in the event of Mishap, the Loan will be paid by the insurance. For me, when both my hubby and I bought a HDB flats, we didnt take up the HPS from the HDB. Instead we used our own personal life insurance as a mortgage insurance. If you decide to use your personal insurance as a Mortgage Insurance too? Do take note that the amount of your sum assured will be sufficient. The reason why I didnt took up a HPS (even though it was very cheap premium), was because if in the future I wans to buy another property, I might need to buy a new Mortgage insurance with a higher premium as compare to now due to Age differs.

Hopefully whatever I share might make some sense to property buyer. And if you wish to find out more regarding about Mortgage Insurance or HPS do drop me an email via dondon_v@yahoo.com

Medishield Comparisions

As I Promise in my previous entry, I would share more on the comparision of the different Medishield plans in Singapore. Instead of creating a Table by myself, I think sharing the link of MOH will be a better choice as the information are up to Date.

MOH


You can do a quick comparison to decide which is best for you. All the big players have their own variation. AIA, Avivia, GE, Pru, NTUC.


For more information, please seek consultation to any qualified insurance adviser. Or drop me an email via dondon_v@yahoo.com if you have any enquiries.

Statistic of Hospitalisation and Death Causes.

Maybe alot of people out there might not know about the importance of Hospitalisation Plan. Which is to cater coverage against the costs of Hospitalisation and Surgical Costs.

Do you know what are the top 5 conditions for People to admit to Hospital In Singapore?

1> Accident, Poisioning and Violence
2> Cancer
3> Ischaemic Heart Disease
4> Obstetric Complications affecting Fetus or Newborn
5> Pneumonia

You can say that you wont fall sick and be healthly but you can see the top 1 condition admitted to Hospital is due to Accidental. And you cant prevent accident isnt it?

Next is the top 5 conditions for Deaths occurs among Singaporean.

1> Cancer
2> Ischaemic Heart Disease
3> Pneumonia
4> Cerebrovascular Disease (including stroke)
5> Accidents, Poisoning & Violence

To my surprise, there is a huge increase of people dying of Pneumonia (which is the condition I share earlier in my Previous Entry) Of cos not alot of people died of Accident which is a lucky thing. But however the person still need to pay for his/her hospitalisation Bills.

The link below are the average inpatient bills for Public Hospital and Private Hospital

Public Hospital Medical Specialist

Public Hospital Surgical Specialist

Private Medical Specialist

Priavte Surgical Specialist

Hopefully everyone whom read my blog would then realise the importance of getting yourself cover under 100%. So you need not to pay for the huge amount of Hospitalisation Bills.

I would share more on the types of Medishield Plan Comparision On my next Posts. Do check it out. ;P

Attention all Vehicles Owner in singapore

Attention to Every Car owners out there in Singapore. If you are going to renew your Car Insurance or Bike Insurance soon? Do check it out this link,

Motor/Car Insurance

Support me by liking this Page of mine in Facebook.

P/S: For your information, besides Life Insurance I am also dealing with General Insurance. No Obligation for Quoting. Would be able to offer a comparable pricing out there.

What is Cancer?

3 days ago my entry written about my uncle admission to hospital on Sunday. And my uncle did an operation at SGH on Tuesday to draw out the water and meanwhile doctor tested his lungs tissue to see what's wrong with it. From the doctor reported came out today and was certified to be stage 4 cancer.

Today I am going to share with you some general information about cancer. Cancer begins when a cell begins dividing uncontrollably. Eventually these cells form a visible mass or tumor. This initial tumor is called the "primary" tumor. Cells from the primary tumor can break off and lodge elsewhere in the body where they then grow into secondary tumors. This process is called "metastasis" and a cancer which has spread to other organs is called "metastatic." When cancer spreads to another organ, the type of cancer remains the type of the primary tumor. Thus cancer that started in the colon and spread to the liver is still colon cancer. It is not "liver cancer". Similarly breast cancer that has spread to the bone is not "bone cancer", it is metastatic breast cancer. (quoted from http://cancerguide.org/basic.html)

Stage 0 carcinoma in situ.
Stage I cancers are localized to one part of the body.
Stage II cancers are locally advanced.
Stage III cancers are also locally advanced. Whether a cancer is designated as Stage II or Stage III can depend on the specific type of cancer; for example, in Hodgkin's Disease, Stage II indicates affected lymph nodes on only one side of the diaphragm, whereas Stage III indicates affected lymph nodes above and below the diaphragm. The specific criteria for Stages II and III therefore differ according to diagnosis.
Stage IV cancers have often metastasized, or spread to other organs or throughout the body.
(quoted from http://en.wikipedia.org/wiki/Cancer_staging)

That's why Early Stage Critical Illness is so important as early diagnostic can extend a person's life. And under this kind of insurance coverage can enable you to have an insurance paid up for treatment.

I believe the link below can be useful to you.

Getting to the heart of Critical Illness Insurance

For more information, do drop me an email via dondon_v@yahoo.com