I don’t even think that he’s downgrading to a new BTO flat with 99 year leasehold. If he’s buying resale, chances are it’s probably 20 years or more old property. So it’s technically 80 years leasehold or worse!
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[Sg] - Multi-Millionaire CEO downgrades from private property to HDB
- Thread starter UltimaOnline
- Start date
The genuinely wealthy do not need to downgrade. Life is short so anybody who chooses to downgrade just so he can enjoy a few memories of overseas vacations with his family is too short sighted. He should remain in his freehold property so that he can build lasting memories with his wife, children and grandchildren in a place they can truly call their own.
He tried to give his 2 cents worth, but the readers didn't even get that much in return.This kind of lame CEO all ways post non cents on limp king one ah?
There are a lot of inflated titles out there. I met many managing directors, directors and senior managers who don't own a private residence or car in S'pore.
If you want to see inflated job titles, go to LinkedIn. Many CEOs and Founders with one man show company. The worst ones are those career or life coaches.
During my working life, I have been in organizations where the senior management rely on public transport while their subordinates drive to the office. Not all those lower ranks are using their family car or one provided by their parents. A few made money from an en bloc sale, a lucrative side gig and some are just good at generating substantial passive income.
Angmoh ceo has been staying in johor and commuting for a decade. Only lowiq stay in hdb
The average employee in his company earn from $3k+ - $7k+… no wonder all his employees are ‘humble’ and stay in HDB!
His timing is impeccable. Rent is on downward trend. So is non hdb properties.
If there is one sure bet for investments in S'pore, it is in real estate. Contrary to market fears of a property price drop off this year, there seems to be a mere calming down in the S'pore property price index.
Timing?
If he’s truly that rich, he would have bought 2 properties. Stay in HDB, then rent out the condo. Don’t have to worry about all that temporary ups and downs.
And when it comes to Singapore property, the only way is up. If u tell me u still losing money after 15 years, u must be a big time loser who overpaid.
Please don't pua his Kang Tao. He claimed in his interview that his company is managing more than $1Billion in funds (like a mini Temasek Holdings), which is even more than some banks, LOL. So by right his employees monthly salaries should be up to $100K+, LOL.
If the average employee is earning this kind of lanjiao pay $3-7k per month and the company is in the Finance industry, then the boss is fucking them!
Of course it all boils down to what you can contribute = what you earn, but I struggle to see how this dua kang CEO talks about making dreams come true and yet paying shit salaries to his employees, then make himself sound like they are humble for not staying in condo.
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Yeah dressing casually is one thing, but the fucking lazy body language, like some lam nuah worm is just unfitting of someone I will pay to advise me on wealth management.
I’ve been to expensive vacations, and the most expensive one is probably in Switzerland. A family of 4, if they dine in a fairly good restaurant may burn up to $1,500 for dinner each time. But if you are telling me you need to downgrade from condo to hdb to account for this kind of money, then u are bullshitting. And he’s bringing his family on vacation only ONCE a year!
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