Is HDB an Asset or your biggest Liability?

Watch the video below to find out...

Do you want to know if your HDB is an asset or your biggest liability?

Take a short 5 minute survey by clicking the button below!

Your HDB is not an asset - Robert Kiosaki

"Your property is not an asset" by Robert Kiosaki Take a look at the video to understand why your property is not an asset

Watch video below to find out why did he say that

According to the famous Writer and Investor, Mr. Robert Kiyosaki

Your asset is something that puts money into your pocket. And liability is something that takes money out of your pocket. If you are taking a loan it’s your bank’s asset.

If you are staying in your HDB then your HDB is your liability even if you have fully paid it.

Because there are costs just to stay in your HDB.

The cost of owning your HDB or any property for your own stay includes utilitymaintenance fee/town council feeseason parking, and mortgage.

Nevertheless, everyone needs to buy a home and take a mortgage loan but at least be financially educated about it.

Cost of owning your property

HDB is not an asset - cost of owning a HDB
HDB is not an asset My-HDB-still-increased-in-value

Yes… Your HDB may have increased in value currently. However, as your HDB ages, newer HDBs built around you, your HDB will eventually appreciate slower in value or depreciate. And if you are taking an HDB loan and using CPF to pay your installments, even if your property value remains the same you will still lose out on your mortgage and CPF interest.

Take a look at the following chart as an example. I have plotted the Blk 128A Punggol Field Walk price trend and breakeven price after adding a 2.6% HDB loan and 2.5% CPF interest.

your HDB is not an asset - 128A-Punggol-Field-Walk-price-trend-vs-breakeven-price-2

If you purchased at Point A and sell at Point B, you will see good returns. However, if you sold at Point C you would have lost all your previous paper gains or even have negative sales.

Now just imagine if you bought it at Point B. What do you think your hard-earned money will be worth today?

Looking at the Figure below, comparing the prices of a 5-bedroom flat for Punggol in 2012 & 2019/20 respectively we can see a stark difference of $200,000. What a painful loss for those who held onto their flats! In hindsight, with the right advice and immaculate timing, such things can be avoided. 

Your HDB is not an asset - Punggol-5-bedroom-comparison

Let's do a quick Math on your HDB.

If you are taking a 25-year HDB Loan and using your CPF to pay for your installment. Your property will need to increase by 2.1% in value every year.
So if you have stayed in your HDB for 20 years.
Then use 20 x 2.1% = 42% + 3% Stamp Duty paid = 45%
Use your HDB purchased price + 45% = Breakeven price.


A property that appreciates or gives you money every month is an asset. You either get the proceeds from increased in value or rental income out of it.

The following figure shows the latest transactions of High Park Residences. The profit from the sale makes the property a good asset.
Your HDB is not an asset - HIgh-Park-Residences-Profitable-Transaction
And the next figures show the rental of the similar property marked above.
Your HDB is not an asset - High-Park-residences-rental-data
Your HDB is not an Asset - High-Park-Residences-Rental-Income
The High Park Residences units not only made a good profit and if the owner chose to rent, but they can also expect a good 4% rental yield and a $399 monthly cash flow after your Tenant helps you to pay for your Mortgage too! That makes it a very good asset.


Your HDB is not an Asset - Asset-Building-Steps

Do you want to know you can turn your HDB from your biggest liability to your best Retirement Plan?

Take a short 5 minute survey and start planning!

Your HDB is not an Asset - Steven Chia Property Consultancy

Hi! My name is Steven Chia

You have seen many ads, telling you should upgrade or sell 1 or buy 2 properties...

But how many are willing to tell you the truth?

And how many really understand your struggle?

Personally, I have experienced the struggle most Singaporean families are facing. My parents failed to plan ahead and were complacent. And they have a stressful retirement. Fearful of the future of not having enough. I promised myself to change that. Not just for me but for people around me.

My job is as a Real Estate Consultant, but my goal is to help you improve your life during retirement.Since 2008 I have seen many customers improve their financial capability for a comfortable retirement. They feel safe and happy knowing they are well prepared for what's coming in the future.

Some of my customers who benefited from my Asset Progression Strategy

Let's Do A Case Study

Back in 2014, Mr. and Mrs Chia were both forced into retirement. In order to come up with funds for retirement, they had no choice but to sell off their 4-room HDB flat at Bedok and moved in to live their son…

From the sale, they got out $450,000 in Cash and CPF savings which was intended for their retirement…


But It Wasn't Enough!

Breaking down $450,000 for two people, for the next 20 years…
That’s only a mere $937.50 PER MONTH!

How Much Is Enough To Retire In Singapore?

Your HDB is not an Asset - Retirement-news-article

You'll need $1,000,000 for 20 years of Basic Retirement in Singapore...

That’s not including loans, debts, family welfare, entertainment… And with increasing costs of living due to inflation, how exactly could they “afford retirement”?

Your HDB is not an Asset - Cost of Retirement in Singapore

This is happening EVERY DAY to many families in Singapore...

With the recession on the brink and an aging population, I’ve seen many older couples struggle when it comes to retirement… Simply because they are unable to “afford” it.
But what can you change? How can you avoid this “Retirement Trap”

Many of us don’t realize it, but we often do not leverage possibly the biggest asset of our lives… Our homes…

Let's turn back time...

If we go back 7 years to 2007 before they were forced out of retirement, and they had the option to sell their house. They would have had proceeds of $222,000.


If they had chosen to re-invest that $222,000 into another home...

The proceeds of $222,000 actually opened up 2 possibilities for them. They could either use it as down payment for a different HDB flat OR buy into a Condominium…Let’s see how the choices would have affected their retirement:

Purchasing a bigger HDB

If they had chosen to upgrade to a 5-room HDB flat from 2007… If they were forced out of retirement 5 years later, they could have sold and made an additional $140,000 for retirement.That would have given them a more comfortable $2,500/month for retirement, instead of the $1800/month.


Purchasing a Private Condominium

But if they had bought a condominium with the same amount of money at 2007 and sold at 2014, they could have made an additional $1,100,000 for retirement!That would have put them at $6,500/month for the next 20 years of retirement!


The Only Difference Between The Two Choices Was:

The initial down-payment and monthly installment... But they could afford it! If they had made the decision to swap just 7 years back, they would have been in a very different situation for their retirement...




You have read till the end of this long post...

Means you want to secure a better retirement. Am I right?

Now is the chance you can grab your change to really look into your current retirement situation. Find out if you can or should do a swap of your HDB and how you can do it safely, without coming out money from your savings. So you can avoid this “Retirement Trap“… and start building your assets.

And it is very, very achievable. Nevertheless, everyone’s situation is different. Not everyone can or should do any changes. That is why I created this Free Eligibility Survey just for you. And I will tell you the truth.

The longer the wait, the lower the chance to make a change. Hope to hear from you soon!

Are you at risk from a Retirement Trap?

Are you at risk from a Retirement Trap?

Take this 5 minutes survey to analyze if you are at risk from a Retirement Trap. Providing us with your current property details, brief financial health details, and retirement expectations will allow us to have an idea of how close you are to your retirement goals.

Your current properties
Let us know what properties you own so we can estimate what you can work on to improve your retirement plan.
Letting us know how many years you have been staying in your properties allows us to know the current state of your property portfolio
What is your estimated current savings including the insurance plan?
What is your monthly Combine Gross Household Income?
Let us know how far you are from your ideal retirement plan. So we can plan a suitable strategy.
Do you think you and your family have adequate health insurance?
Do you and your family have any health insurance?
Do you love to travel or take up a hobby during retirement?
During your retirement, do you wish to have the freedom to travel frequently or take up an expansive hobby?
Do you wish to continue working during retirement?