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Cheryl Megan Choo

Cheryl Megan Choo

Cheryl started her career in Accounting, and moved into Financial Advisory where she found her passion in advisory and sharing her knowledge with her clients. She continued to build her knowledge in wealth management and planning to help her clients manage and build their estates. She believes in providing her clients holistic and unbiased advice, and joined the Redbrick team to ensure they make the best informed decisions in the purchase of their properties and homes.

Can you own a home in Singapore with no savings?

Unbelievable but yes, one can have the opportunity to own a home with an initial sum of $0. This is a shocker for most, especially since Singapore has a global reputation for being one of the world’s most expensive cities to live in. Sadly, you do not qualify for this opportunity if you are not a full-time student/NSF and are above 30 years old. Under the Staggered Downpayment Scheme and Deferred Income Assessment Component recently introduced by the Housing Development

Cheryl Megan Choo April 17, 2020

Sale of Balance Flats (SBF) vs Build-to-Order (BTO): 5 things to note before choosing SBF

For young couples in Singapore, asking your partner “want to BTO?” is essentially akin to a marriage proposal, albeit an utterly unromantic one. Build-to-Order (BTO) exercises have always been the medium through which countless Singaporean couples have obtained their first home, and this will probably continue to be the case well into SG500. However, there is another option home-seekers can consider besides BTO and resale flats: Sale of Balance Flats (SBF). What are Sale of Balance Flats (SBF)? SBFs can

Cheryl Megan Choo February 26, 2020

Ageing HDB Leases: How worried should Singaporeans be?

The Singapore government has always advocated that Housing Development Board (HDB) flats are not only good homes for Singaporeans but also a “nest-egg”, whereby older Singaporeans can monetize their flats to obtain a sizeable sum for their retirement. For the most part, Singaporeans have whole-heartedly accepted this sentiment. This has resulted in Singapore having some of the highest homeownership rates in the world, with about 80% of the population staying in HDB flats as owner-occupiers. However, 2 events in the

Cheryl Megan Choo January 30, 2020

Million-dollar Resale HDBs: Why They Are So Popular?

In the past, million-dollar HDB transactions used to only occur once in a blue moon; however, it is slowly becoming a norm in the resale transaction market in recent years. Though the majority of the million-dollar transactions were non-standard flats such as Design, Build and Sell Scheme (DBSS) flats, over the past 2 years, more standard HDB flats are being transacted at outrageously high prices, and “normal” four-room flats started to cross the $1 million mark for the first time

Cheryl Megan Choo December 30, 2019