A millionaire or a HNWI (High Net Worth Individual) is someone with a liquid investable wealth of US$1 million or above. The amount only includes cash, debt-free residential properties, and listed company holdings. Henley & Partners, in partnership with wealth intelligence firm New World Wealth, released the 2024 World’s Wealthiest Cities Report. It tracks the movements of … [Read more...]
Teaching children about money
I am not an expert in teaching children. So it was a big surprise when my blog post “Another PSLE result release day” which has nothing to do with properties manages to generate so much interest. On the other hand, the comments in my last post “No new investment for retirees” prompted me to check the follower statistics of the PropertySoul facebook page. Apparently, the … [Read more...]
Buying a home for face
Face is a core element in Singapore’s culture. It is a highly valued commodity in our society. If a person has face, he or she has dignity, reputation and honor. Having or losing face during CNY Singaporeans are particularly sensitive to retaining face in all aspects of our lives. We treat somebody well because we want to give face. In return, we can earn face and be … [Read more...]
So you plan to retire cheap?
Retirement is a big topic in life. Retire cheap is a popular topic these days. The banks have been printing money for years. Until one day we all face runaway inflation. We complain that everything becomes so expensive. It is particularly hard for those who have retired. They must find ways to cut costs. As expected, reasons from people who want to retire cheap are often … [Read more...]
Just sold at record high!
Another headline about a property just sold at record high. These days we all desperately want to hear some good news. There is enough bad news around on company layoffs and new condo projects that can’t sell. Luxury projects just sold at record high! The following are common property headlines in local media: “xxxxxxx sold for record price of S$xx million” “xxxxxxx … [Read more...]