Clive Chng

Clive graduated on the Dean’s list from Nanyang Technological University with an Engineering degree. Prior to joining Redbrick, he not only served as a Project Manager for Keppel Shipyard where he oversaw multi-million dollar marine projects, but was also the Vice President for Keppel Young Leaders, focused on the development of future leaders. Being a fan of low-cost Index Funds, his passion in Investing and strong interest in understanding how financial markets shape economies ultimately fuelled his move from the field of engineering into the financial industry where his personality trait as a servant leader further allows him to service his clients effectively.

Rental in Singapore: A cultural shift and its impact on the real estate market

Amidst all the attention paid to the resale market, there is an undercurrent festering in the real estate market. Ever since COVID-19 made landfall in our lion city, the Singapore government had administered policies and movement restrictions to curb its further spread. One of them was the implementation of the Circuit Breaker period, in which all residents were required to stay home and hunker down for an estimated 2 months. Inadvertently, with individuals cooped up in a single flat with

Clive Chng June 8, 2022

Applying for a BTO: Does the early bird really catch the worm?

New BTO (Built-To-Order) launches, more often than not, are met with an almost frenzied fervour by eligible couples and singles. More so in recent years due to several factors. Younger Singaporean couples are more eager to have their own place, perhaps a result of having experienced COVID-19 fatigue from being in a shared space with their families for much too long. The expected completion dates of various BTOs have also been pushed back due to construction material and manpower issues.

Clive Chng January 13, 2022

HDB Prime Location Housing (PLH) Model: 4 Key Measures

Over the past year, long debates on the issue of reserving land in prime areas for public housing has highlighted the pros and cons of doing so. While it may serve to have greater inclusion between income groups in central areas and promote diversity, it also brings about the “lottery effect”. From the case of Pinnacle@Duxton, it is apparent that successful bidders of Build-To-Order (BTO) flats have enjoyed excessive windfall gains when selling their apartments in prime areas like Tanjong

Clive Chng November 3, 2021

All You Need to Know About the Home Protection Scheme

Those who have purchased HDB properties before may vaguely remember signing the Home Protection Scheme (HPS) form as part of the numerous paperwork needed to be done in order to obtain the keys to your new home. Few understand the implications of signing this form and how it could possibly affect their mortgage payments in the future. This article will provide a comprehensive breakdown of this scheme and better equip future owners in purchasing their first HDB unit. What is

Clive Chng June 23, 2021

The ‘Lottery Effect’ In HDB Properties

The ‘Lottery Effect’ of HDB properties have once again become a hot topic of debate as the Minimum Occupation Period (MOP) of some 50,000 flats were expiring in 2020-2021. National Development Minister Desmond Lee had also stepped forward to advocate for a new housing model for public housing in ‘new areas with prime attributes.’. The term ‘Lottery Effect’ refers to the reliance on chance and luck when balloting for a new BTO unit, especially those in prime areas with high

Clive Chng February 10, 2021

A celebrated win for many around the world, but will the world ever return from an era of Trumpism?

Winning 306 electoral votes, Joe Biden took the US elections by storm to become the President-Elect of 2020. For most, it is a much-celebrated win after 4 grueling years under the Trump administration which saw radical and major political shifts both internally and internationally. ‘Trumpism’ – a term drawing reference to the style of governance adopted by Donald Trump during his term included withdrawal from major international treaties and pacts, tit-for-tat trade war arousals and careless commentaries made on his

Clive Chng November 18, 2020

A time of political polarization beyond our borders and how it impacts on our land

The first Presidential Electoral Debates took off to a bad start in the last week of September, starring incumbent President of the United States (POTUS) Trump and political rival, Joe Biden. With both setting their sights on winning the election set to happen on 3rd of November 2020, candidates found themselves in a spat involving controversial accusations and a series of heated arguments, televised and witnessed on the global front. At the time of writing, US poll trackers indicate that

Clive Chng October 13, 2020

Public Housing Gem: 3Gen flats

In 2013, the Housing Development Board (HDB) of Singapore introduced a new type of flat called 3-generation (3Gen) flats. These flats, though launched 7 years ago, still remain a mystery to some people. The aim of launching these flats is to cater to multi-generational families living together or intend to live together. Then National Development Minister Khaw Boon Wan said in a statement that, as a “social objective”, the Singapore Government wants extended families to live together and provide

Clive Chng September 20, 2020

COVID-19: The future of commercial spaces hangs in the balance

As many of us move into our 5th month of working primarily from home, some of us may be wondering: is this the beginning of the end of the commercial real estate industry? This does not come as a surprise to many, with remote working and telecommuting now set as the default amidst the ongoing COVID-19 pandemic. While Singapore has been largely successful in her battle against the virus with current low daily reported community cases, the fight is far

Clive Chng September 8, 2020

Save today, spend more tomorrow: Things to note when buying a home with a short remaining lease

Making headlines recently, a 4-room HDB flat in Tiong Bahru with a short 51-year lease remaining was sold for a whopping $1.1 million, jumping on a bandwagon of HDBs crossing the million-dollar price point. However, cases as such surface only once in a blue moon. More often than not, informed property buyers avoid purchasing properties with shorter remaining leases. This is because, upon the expiration of the lease at 99 years, all ownership and rights to the land will be

Clive Chng August 31, 2020