Friday, January 1, 2021

2021 - Look Back and Look Forward

Happy New Year 2021 to ALL!

Phew! We've finally ended the unforgiving year of 2020 and step into the new year with new hope (read vaccines). As the saying goes, TOMORROW WILL BE BETTER (明天会更好), let's keep going, keep smiling!

On my investment front, I've sold off all my DBS and OCBC shares recently with some small profit. Next, will be focusing on putting some fund in the lesser effort avenues like the Syfe (Referral Code : SRPTG2S4L) and StashAway platforms and let the professionals (or the robots) do the job on my behalf. Just completed the onboarding process not long ago and deposited some funds to try out the platforms. Let's see how it goes.  

I am also looking at Endowus platform to park some of my CPF fund but find that its onboarding process is much more complicated than the other two i.e. it requires me to take some online self-test in order to complete the registration. I guess it will take a while before I will complete the online test. 

On the personal front, 2020 is a year of ZERO oversea travel for us, except for our recent year-end "oversea" staycation at Sentosa. 2020 is also a year of LESS is MORE. Thanks to the Covid-19, most (if not all) of us spend less time physically with others but it also created opportunity for us to spend MORE time with those really close/dear to us. 

Covid-19 Vaccination administration has been kicked-off across the globe and hopefully we will soon be back to the new normal. Meanwhile, let's continue to stay vigilant and maintain the proper social distancing measures. 

If everything goes well, I hope we can travel leisurely again in 3rd or 4th quarter of 2021.      


Sunday, October 4, 2020

What's Next With My Singlife Account?

Since my last post on deploying part of my emergency fund to Singlife Account (click here to read more), there have been 2 major announcement related to Singlife, they are:

1. Merger of Aviva with Singlife with combined business valued at S$3.2 billions. It will be the biggest business deal in insurance sector in Singapore. Personally, I view this as a positive news, at least it demonstrates that Singlife  has already established a strong foothold here. For more details of the announcement, click here

2. With effect from 1 Nov 2020, the interest rate of Singlife Account will be reduced from 2.5% to 2.0% (p.a. on the first S$10K). This is deemed as a negative news for all the policyholders/account holders (me included) but since prior to signing-up the account, I am fully aware that the interest rate quoted is not-guarantee, so future adjustment is expected, just didn't see it coming so fast. 

Having said that, you are still able to earn up to 2.5% (p.a. on the first S$10K) via the following simple steps:   

credit: Singlife

So, what's next with my Singlife Account? For my case, it's an easy decision. I will continue to keep my Singlife Account for the following reasons:

1. Even after the interest reduction (to 2.0% p.a.), it is still one of the most competitive interest rate available in the market now.

2. I am still able to withdraw the fund or make use of the fund via the attached visa debit card as and when I needed it (free of charge, at least for now). 

3. Sweetener : both my friends and me can both enjoy the free $10 token (upon successful opening of account and made the initial deposit). If you are keen to open the Singlife Account, why not take the full advantage of the scheme by registering via this invitation link?


Saturday, August 29, 2020

Why I've Deployed Part Of My Emergency Fund To Singlife Account?

Singlife Visa Debit Card
As most of you are aware, with the current battered economy situation, banks over the world are reducing the interest rates for their savings/fixed deposits accounts and Singapore is not spared. So, if you are keeping your emergency funds with banks (which most of us did, I believed), it's time to source for the alternative(s). 

I've heard of Singlife Account for quite awhile but only have time to dig in further late last month (Jul 2020). Upon more in-depth research, I've made a decision to deploy part of me Emergency Fund ($10K) from my usual DBS Multiplier Account to Singlife Account. 

Here are the reason why:

1. Higher Interest Rate (up to 2.5% for the first $10K)
So far, I only managed to clock-in maximum of 1.8% interest via my DBS Multiplier Account, hence's it's a no brainer to transfer part of it to earn an additional 0.7% of interest at no extra cost. Do take note that the 2.5% interest in Singlife is not guarantee but so far I've earned 2.5% for the first month ($20.95 for the $10K deposit). The interest amount is earned daily but will be credited to your Singlife Account Balance only once a month.

The tiered interest rates of Singlife Account is as follows:
First $10K       : 2.5%
Next $90K      : 1.0%
Above $100K : No interest

So now you know why I only deployed $10K to the account? :-) 

2. Capital Guarantee
Singlife Account is automatically protected under the Policy Owners’ Protection (PPF) Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC) for up to $100K. So, even though the interest rate is not guarantee, you know that at least your capital is guaranteed. 

3. Add-on Insurance Coverage:
Singlife Account is deemed as Universal Life Plan which come with the following insurance coverages:

a. Death Benefits: 5% of Account Value up to $50K (if account holder's age last birthday is less than 61) OR 1% of Account Value up to $50K (if account holder's age last birthday is on or above 61) 

b. Retrenchment Benefit : Up to 3 months of average card spend (capped at $10K)

4. Convenience: (including withdrawal and spending):
Setting-up the Singlige Account is a breeze, all you need is your smartphone. After downloaded the App, I've proceeded to set-up the account via SingPass's MyInfo, it took me less than 3 minutes to complete the overall registration process and voila, my account is ready.

To test out the system, I top up a small amount ($10) to my Singlife account from my DBS account, it took about a minute for the amount to be reflected in my Singlife account. With the successful trial transaction, I am deemed comfortable to transfer the intended balance amount to my Singlife Account.   
To further test the system, I've also tried to withdraw a small amount ($10) from the Singlife Account to my DBS account (just to see how fast the transaction goes). Again, it is a breeze for the withdrawal and the amount appear in my DBS account in a couple of minutes (apparently via PayNow feature). And all these are done via the App alone. 

If you are keen to find out more on the Singlife Account, you can click on the link here for more details (As part of their on-going campaign, if you set-up and activated your account via this invitation link, we each get $10 credit to our accounts). 

By the way, where do you usually keep your Emergency Fund?


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Saturday, August 15, 2020

Ways To Get Some Quick Money

Image Source: Unsplash
With the worldwide economy currently is such a mess, there are a lot of people that are struggling financially. If this is something that you are familiar with and you are looking for ways to get some cash quickly, there are things that you can do, such as selling items that you no longer require.

Most of us will have something laying around our homes that we have no use for and we can turn into some quick money. Below are some of the ways you can do this and get that much-needed cash in your pocket, quickly.

Sell Your Old Jewellery

A perfect place to start in your quest for some quick cash is looking at the jewellery that you have at home. It does not matter whether it is broken or not, as many places that will buy this from you will offer you the scrap value of your gold and other precious metals. To sell gold jewellery, check out scrap gold buyers. There are some who will give you the market value of the gold, minus their fees and refining costs. It can be an excellent way to get some quick cash, especially with the price of gold at the moment.

Image Source: Pexels

Sell Your Old Clothes

Another way that you can make some quick cash is to raid your wardrobe and get rid of any clothes that you do not wear anymore. Rather than take these to a charity shop, you can try selling these and see what you get for them. As long as your clothes are in good condition, you will be able to find a buyer for them, and if you have designer labels in your collection, you may be able to get a little more money for them.

Sell Your Old Gadgets

You can also look to sell any old gadgets and technology that you have, which can be a good earner depending on what you have. Selling your old phone is an excellent place to start, and if it’s still in working condition, you can get a lot more money for it than if it is broken. Some companies specialise in this where you can get a quote for your old phone, laptop, or gaming system, and sell it to them quickly for some quick cash. The price that you are offered for them will depend on whether they work or not, and what condition they are in. For items that are broken, they may have some value, but it will be significantly less than if they work.

Visit A Car Boot Sale

If you have a load of different types of items that you want to sell, you may also consider going to a car boot sale to sell them, where you may get a better price. There is usually a small charge for people that want to sell items, and then anything that you make on top of this is profit.

Image Source: Unsplash

One man`s junk is another man`s treasure, as they say, so no matter what you have to sell, there will be someone out there that will buy it from you.

Sunday, July 26, 2020

AFM One Core Program (Forex Trading) - My Initial Review

I got to know Ezekiel Chew, full time forex trader and founder of the Asia Forex Mentor (AFM), since 2014 and even had a short interview with him previously (you can read my earlier interview with him here). He has came a long way and established himself as a successful mentor/guru in the forex trading arena.
Recently, AFM has launched an online forex trading course called One Core Program, I was being invited to have a sneak peek of the full course which I am still half-way through as it contains more than 16 hours worth of course materials (in video format).  
To give you a glimpse of what is the coverage of the course, refer to the snapshot of the topics to be covered below (click on the images to enlarge for easier viewing):
From the above snapshot, it is safe to conclude that this is a rather comprehensive course that will cater for both newbies (covering basics like trading account opening to the fundamental price action interpretation etc...) as well as the intermediate forex traders (on the trading strategies and trading psychology etc...).
One more exclusive feature came with this course is the 1-year Access to the Golden Eye Group whereby Ezekiel will give a weekly insights/review on the latest forex trading sentiment (in video format).
Of course, forex trading is not for everyone, however, if you happen to look around for such similar online courses (with the current Covid-19 situation, I guess online is the way to go for quite a while), do check out more details here (One Core Program) and take full advantage of their Launch Special (end by 31 Jul 2020).
Disclosure: The above post contains affiliate link.

Saturday, June 27, 2020

4949 in 2020

Yesterday (26/06/2020), marked my last day at work with the current employer. Has been working from home for the past 3 months or so, finally got the chance to physically go back to office to return my laptop and stuffs.
Will be having a one-week break before starting my new job and potentially will also be working from home, at least for the beginning.
So, why 4949?
This number is only make sense to me on a very personal level. I am 49 this year and my last company is the fourth employer that I've been working there for the past 9 years. Cannot imagine that I have only worked for 4 employers throughout my 25+ years of working life. Too loyal or too comfortable within the comfort zone? Go figure it out, lol
General Election is around the corner and it's going to happen on the first week of my new job, not so much a political enthusiast myself but all the best to the worthy Party to win the Election.
Keep going, keep smiling!

Friday, June 12, 2020

Resetting progress!
As per my earlier post, Decision Time, finally I am able to share more now that I am officially serving my notice amidst the Covid-19 situation. Will be leaving my current company that I've been  serving for 9 years plus, and no, I am not F.I.R.E yet, just pursuing my mid-life career elsewhere.

In fact, I am one of those rare bunch who like to continue working for as long as possible.

Will take short one-week break before resetting myself to embrace the new beginning. Throughout my 26+ years working life, I've only changed 3 employers (including the current one), guess I am not into job-hop. The experience of getting into the upcoming 4th employer is kind of unique one as until today, I've not met my future boss (face to face) yet. Thanks to the Covid-19, all interviews were done via teleconferencing, including signing on the Letter Of Appointment is also done electronically.

With the current Covid-19 situation, I foresee that I might still be WFH (working from home), at least for the first few weeks, will be another new experience in virtual induction and getting to know new colleagues via online.




Friday, March 13, 2020

Friday The 13th (Stock Market version)

Today is the well “respected” Friday The 13th, at the back of the 9.99% (2,352 points) drop yesterday at Dow Jones, worst sell off since 1987’s Black Monday, it is only logical to expect the similar bloodbath when the Asian markets opened today.

Some of my friends are already gradually dishing out their warchest over the past few days for this long awaited “opportunity”. The road to recovery will probably take years (just on the Covid-19 situation, our PM has predicted yesterday that it will continue for a year or longer) but as long as we are invested within our means and have holding power. Stay calm, stay invested!

Meanwhile, let’s continue to do our part to be socially responsible to fight against the Covid-19!


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Wednesday, March 11, 2020

Decision Time!

It has been almost half a year since my last post. Been really busy with work recently and went through quite a bit of organisational changes, coupled with the activation of BCP due to the Covid-19, it is kind of madness.

Today, I’ve made a decision (to self) that will probably change the course of my life in 3.5 months time, It might not be a wise decision (especially at the current situation) but at times we just need to make hard decision and go along with what your heart and mind told you.

More will be shared at a later date (when it is deemed official), meanwhile, let’s all be extra cautious with the Covid-19 situation and continue to observe our social responsibility.


Monday, August 12, 2019

Am back after one-month hiatus

raccoon dog in Kyoto Japan
Raccoon Dogs Statue in Kyoto
I am back after slightly more than a month break from this blog. For the past one month or so, been busy in moving house, we are finally more or less settling down in the new place. 

Also, just back from a short trip to Kyoto/Osaka Japan. Overall, it's a great trip minus the searing hot weather (heard that this year is Japan's hottest summer and it went up to 37.9 C while we were there). Morale of the story? Avoid visiting Japan during summer if you are not a fan of sun and sea and beach! :-) 

Back at home, we just celebrated our 54th birthday for our nation and hope everyone here (and abroad) have many prosperous years ahead. 

Being an avid movie fan, I've been lagging in catching up with the recent movies, my last movie was Crawl, a pretty good horror thriller about the roaming monster crocs. Still long way to go to catch up some of the recent ones like Fast & Furious - Hobbs and Shaw and Parasite (Korean). 

In terms of my minion size investment portfolio, it remain at its inactive state at the moment as I didn't really have any new action/transaction to shout about.. 

Last but not least, wish everyone have a great long weekend so far and keep smiling, keep going


Wednesday, July 10, 2019

Fitting Earbud = Better Exercise experience

For the past 2 weeks or so, I've been visiting gym quite regularly (at least 2-3 times a week) to maintain my exercise regime so as to delay the "widening" effect (if you know what I meant :-). Most of the time, I will just do the threadmill exercise with the occasional dumb bell lifting,

One of the self "mandate" for me is listening to the music while doing the exercises. I find that it does improves my exercise momentum and enjoyment. There is one side issue though, that is finding a fitting earbud. I used to use cable earphone attached to my iPhone but recently changed it to wireless earbud (but still have wire, just not attached to the phone).

You see, my ear tends to get oily easily and hence getting a fitting earbud is important but a challenge, finally, I settled for the one with silicone ear gels (in 3 different sizes) so that it can helps to "fix" the placement in my ear. Of course, my the other consideration is to ensure that the earbud can last sufficiently long as the last thing I want is it went kaput while I am still half-way through my exercise.

How about you? Have you found your fitting earbud?


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Friday, June 14, 2019

How to register a company in Singapore

Want to register your company in Singapore? This guide contains key facts on opening a company and doing business in Singapore – the requirements, procedures, and timelines.

Registering a company in Singapore: high-level overview
  • Company name: We recommend having a shortlist of three in case your first choice isn’t available.
  • 1 or more directors: Directors must be individuals, aged 18 and above, who have not been disqualified to hold a directorship in Singapore or elsewhere.
  • 1 or more resident directors: You need at least one locally resident director. This is someone who is a Singapore citizen, Permanent Resident, or someone who is on a visa such as an Employment Pass, Dependant's Pass or EntrePass.
  • Between 1 - 50 shareholders: A director can be a shareholder, and a shareholder can either be an individual or a legal entity like a trust or another company.
  • Paid-up capital: The minimum paid-up/share capital for a company to register in Singapore is S$1. Any time after the company has been incorporated, the share capital can be increased.
  • A registered address in Singapore: The address that is provided for the company must be located in Singapore. In addition, it must be a physical address (residential or commercial). A P.O. Box will not be accepted.
  • Company secretary: within 6 months of incorporation, every company must appoint a company secretary. A company secretary has to be a citizen, permanent resident or an employment pass holder.
  • Auditor: within 3 months of incorporation, every company must appoint an auditor, unless the company has been exempted from audit (which is the case for most start-up companies).

Other helpful things to keep in mind when registering a company:
  • No local/foreign shareholding requirements: You may have 100% local shareholding or 100% foreign. You can transfer existing shares or issue new ones at any time after the company has completed the incorporation process.
  • Taxes: As a company registered in Singapore, you will receive some very appealing tax incentives and exemptions. This is one of the primary reasons that entrepreneurs from around the world prefer to form their company in Singapore.
Required documents at incorporation

To incorporate your company in Singapore, you need to file with ACRA (the Accounting and Corporate Regulatory Authority), who manages company registration in Singapore. You will need to provide:
  • Name of company
  • Brief description of activities
  • Details of shareholders
  • Details of directors and KYC information
  • Registered (Singapore) address
  • Share capital details
  • The company’s constitution
  • The main document required is the constitution of the company, which sets out the rules governing the way of doing business, the internal governance of the company and the relationships between its stakeholders (mainly directors and shareholders).
Additional considerations for foreigners

Foreigners who are interested in registering their company in Singapore also need to consider the following:
  • You will need to hire help in Singapore to set up. To register your Singapore business, you will need to hire a professional to file on your behalf. The regulations in Singapore do not allow a foreign individual/entity to self-register their company.
  • You do not need to travel or obtain a visa to incorporate your company. If you plan to incorporate your company in Singapore, but don’t plan to move, you do not need to obtain any special travel visa. You may operate your company from overseas, and you may visit Singapore on a short-term visitor visa when you need to deal with company issues.
  • You may need to hire a nominee director. If you are not planning to have anyone in your company move to Singapore, you will still need to fulfil the requirement to have a local director. You can easily find a professional service firm in Singapore that offers incorporation services including local resident directorship, such as Sleek.
  • You may need to travel in order to set up a corporate bank account. Depending on the bank that you decide to use, many banks require physical presence of directors and/or shareholders to approve the opening of a bank account in Singapore. We have a network of bankers and can help facilitate this - usually a straightforward process.

Timeline for registering your company

Once you have all your documents together, a company can be incorporated within one business day, as long as ACRA does not cause any delays. Read on to find out how you can set up a company in Singapore via ACRA. 

There are 2 steps involved in the company formation procedure for incorporating in Singapore: reserving a name, and registering the company. 

1. Reserving the company name

To register your business in Singapore, you must make sure that your proposed name is approved by ACRA. Usually, you will find out whether your proposed name has been approved or rejected within a day. However, if your proposed name contains specific words such as media, bank, law, finance, or education, the corresponding external governmental authority may be required to review and approval the name.

To increase your chances of the proposed name being approved right away, you want to make sure that the name is not:
  • similar/identical to existing company in Singapore
  • vulgar/obscene
  • already reserved
Approved company names will be held and secured for 60 days from the date of your application. Also, if you need to extend the name reservation for another 60 days, you may do so by filing an extension just before the initial hold expires.

2. Registering the company

Once you have received approval for your name, the process of filing the incorporation paperwork and obtaining approval from the ACRA can be done in just a day – as long as the documents are all ready and have been signed by all directors of the new company.

What happens post-incorporation?

  • You receive a Certificate of Incorporation. ACRA will send an email notification confirming the incorporation of your company. This is your official Singapore Company Incorporation Certificate and will include your business registration number. If you want a hard copy of the certificate, you can make an online request to ACRA for S$50.
  • You receive a Business Profile (”Bizfile”). ACRA will also provide the business profile of your new company for free. The business profile is the identity card of the company.
  • You are able to open a corporate bank account. After you have successfully registered your Singapore business, you will be able to open a corporate bank account with any of the banks in Singapore. This includes Citibank, UOB, HSBC, OCBC, Standard Chartered, DBS.
  • Business Licenses Application. Depending on the activities that your business will be doing, you might also need to apply for business licenses. You will complete this process after incorporation, but before starting your business.
  • Registration for Goods and Service Tax (GST). If you expect your business’ annual turnover to exceed S$1 million, then you must register for Goods & Services Tax, or GST (also referred to as value added tax, VAT, in many countries). If you do not expect your business’ annual turnovers to reach S$1 million, you are not required to register for GST.

(Want to learn more about GST in Singapore? Read our Simple Guide to GST in Singapore in Singapore or download our GST Cheat Sheet.

Ongoing requirements/formalities for filing

Once you have officially incorporated your Singapore business, the Companies Act requires specific annual filing requirements to be made. To learn more about this, check out our guideon the annual filing requirements for companies established in Singapore.

If you’re not Singaporean and you want to have a hassle-free experience, you might want to consider hiring a professional corporate secretary …. like us - Sleek.

Get in touch with us if you want to learn more about how we can take care of all your ongoing corporate filing requirements.

Advice for Those Who Are Buying Sydney Property

Image Source : Pixabay

If you are planning to relocate, and Sydney is your choice of locations, you certainly wouldn’t be alone. This vibrant city and its many suburbs have much to offer, and with such a desirable region, you need to be quick when looking at properties. Here today and gone tomorrow would be an accurate description of the Sydney real estate market.

With that in mind, here are a few tips to help you source that dream property in Sydney.

Source a Good Mortgage Broker

Number one on the list of things to source, finding a proactive mortgage broker in Sydney is a must, and by dealing with a leading independent broker who has associations with all the major lenders, you can find a mortgage that suits your lifestyle. You are wasting your time looking at properties without first getting mortgage preapproval, and no seller will take you seriously without the green light from a lender.

Making an Offer
Image Source: Unsplash

If you do find something that hits the spot, you need to be quick to get the ball rolling, and with a proactive independent mortgage broker in your corner, you can get ahead of the pack when it comes to buying a prime piece of real estate. The mortgage broker can make things happen within hours, rather than days, and aside from being able to hook you up with the right lender, they also get to know when prime properties come onto the market.

Crunch the Numbers

The very worst that could happen is you commit to a property that you really can’t afford, so do crunch the numbers, and make sure you factor in everything. Legal fees, stamp duty, and the great thing about using an independent mortgage broker is their services are free to the borrower, as the lender pays a small remuneration on the loan. Don’t forget relocation expenses, and you are likely to need some basic furnishings, all of these things require money. There is also a great article for first time buyers, complete with useful information that will make it a little easier to acquire the home of your dreams. If the mortgage is high, be realistic, as the last thing you want is to get behind with your home loan payments, and if you are buying the house with your partner, sit down and look at all the pros and cons.

Carry Out Searches

Once you find a property you like, have a building surveyor take a look, and they can also ensure that the title has no restrictions, and nothing is owed by the seller. The structural integrity of the building needs to be verified, and a good conveyancing lawyer would advise you regarding the searches you should order.
Image Source: Unsplash

Sydney is a very desirable location, and the land prices reflect this, but if you can afford it, factor in all of the above and you should be able to find the ideal property. The mortgage broker is the key, and once you have forged an alliance with a local mortgage broker, they can get you preapproval, and the search can begin.

Saturday, June 8, 2019

Financial And Non-Financial Consideration For Renting Condo In Singapore

This is an update to my earlier post Weekend Leisure Post - To Renovate Or Upgrade? Finally, we've decided to choose the upgrade route and made a 5% deposit via Option To Purchase (OTP) for an upcoming condo. This means that we need to sell our current HDB within 6 months in order to avoid the 12% Additional Stamp Duty. 

During this period, we will be moving out to an interim accommodation (another Condo) for 2 years. It has been busy past few weeks/months and lots of viewings (both for renting as well as for selling). So, I thought it might be a good idea to jot down some of the interesting experience/facts that I've personally went through during the process of in renting the condo (I have yet to collect the key yet, so the list of consideration might not be complete). 

Case In Point        : Renting of a condo at Sengkang area (just TOP)
Contract Tenure    : 2 years
Rental per month : SGD2,100 (2-Room)     

Financial Considerations

1. Stamp Duty - Tenant need to pay for the Stamp Duty of the Tenancy Agreement (TA) and basing on the rental of SGD2,100, the Stamp Duty is about SGD201. The application of the Stamp Duty can be done via IRAS online.

2. Deposits - For 2 years contract, there is a need to pay 2 months deposit to the landlord (this might not be peculiar to Condo). With the 1 month rental to be paid up-front, before you step into the rented condo, you need to pay 3-months worth of rental (SGD6,300 in this case). 

3. Commission - For 2 years contract, tenant usually don't need to pay any commission as the landlord will pay 1 month worth of commission to the agent representing the landlord and this commission will be shared between the two agents. However, for 1 year contract, both tenant and landlord will pay half-month commission to their respective agents (if any). 

4. Early Termination - If there is early termination of the contract initiated by the tenant, the tenant need to pay the pro-rated commission (calculated based on the balance number of days) and it will be deducted from the deposit (withheld by the landlord).  

5. Monthly Maintenance Fee - Usually, the monthly maintenance fee will be borne by the landlord. 

6. Utilities Fee - Utilities like electricity, water, gas and data services will need to be arranged and paid by the tenant. 

Non-Financial Considerations

1. Letter Of Intent (LOI) - Once you've viewed and satisfied with the unit, your agent will help you draft the Letter Of Intent to the landlord specifying the contract period, monthly rental amount and list of tenant's requirements like lighting, curtains, furnishings etc..This is the time you need to pay 1 month rental to secure your interest.

2. Tenancy Agreement (TA) - Once the landlord agree with the Letter Of Intent, he will sign and send you the Tenancy Agreement specifying all the T&C of the contract. If you are agreeable, sign the contract accordingly and it is deemed effected from the indicated Commencement Date. 

3. Commencement Date - Usually, the landlord or his/her agent will arrange for the collection of keys on the Commencement Date stated in the TA. This is the time whereby the tenant need to pay the balance 2-months rental as deposit. 

4. Permit To Move In - Before you move in, you need to apply for the permit for the move, usually, it can be done only during weekdays, half-day on Saturday ans strictly no moving on Sundays. Also, there is a need to place a deposit to the management office for the move (for my case, it is SGD1,000 deposit which will be return upon completion of the move).  

The rental side of the event is more or less settled and now more time will be spent in arranging the viewing by the potential buyers on our existing unit. That's all from me for now.

Cheers! Need extra cash flow for your business? Receive business funds fast to gain extra capital. Simply apply and submit all the necessary documents.

Friday, May 10, 2019

5 Things To Consider When Selling Your Gold

Do you have old pieces of gold lying around that you no longer wear or need? Maybe you’d like to make a bit of extra money.

How about looking into your jewellery collection for some pieces you no longer want? The good news is that it’s easy enough to sell gold, but before you do, here are a few things you should know.

1. Always get an invoice.

A good jewellery or pawn shop will ask you for your purchase document or invoice when you want to sell gold items to them. This helps to establish the metal’s purity. If you don’t have the original paperwork, you’ll need to leave it up to reputable gold buyers to determine the value of your gold pieces.

2. Know the value of your gold items.

It’s important to understand how much your gold is really worth. That’s why it’s important to shop around for different appraisals. There’s no one particular standardised method that can be used to determine the price of your gold items, and you might find quite a difference in quotes. So, make sure to get a few quotes and carefully go through them. You’ll always want to settle for the best possible price.

3. Check the purity of the gold.

Before you sell your gold, have a look at whether your pieces of jewellery are hallmarked or not. A hallmark helps to establish the purity of the item. Any jewellery with a hallmark of 916 means that there is 91.6% pure gold in the piece. Jewellers and pawnbrokers alike much prefer hallmarked gold over non-hallmarked pieces for the sake of authenticity.

Image Source: Unsplash

If your gold doesn’t bear a hallmark, you can take it to a jeweller with a carat meter to establish the purity of the piece.

4. Figuring out the price.

Gold shops tend to take your used gold and melt down jewellery in an induction furnace. The gold that comes out of that is then free of any purities and can be appraised for a price. The entire process may cost a small fee, which will be deducted from the final price of your items.

In some instances, pawn shops may appraise your gold based on its weight. Keep in mind that the “sell price” will typically be lower than what you originally paid for your gold.

5. Deciding on where to sell your gold.

The best option is to head to a reputable gold buyer. You have a much better chance of getting a fair price. If you head to a jewellery store, though, keep in mind that as a policy, many stores buy back only pieces of jewellery that have originally been purchased from them, even if you have an original invoice or certificate for your items.

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Gold buyers, on the whole, are your best option when you’re ready to sell your gold pieces. You’re far more likely to receive the best prices and that means you can walk away with cash for your unwanted jewellery or other gold items that you no longer have a need for.

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