Elton Tong

Elton started his career as an external auditor in one of the Big Four. He specialized in local statutory audits and group reporting for clients in the energy, shipping & logistics and aerospace sectors, with experiences in F&B, property and optical equipment manufacturing businesses. Elton is termed as a financially savvy person by those around him, and is honoured to be able to do this for his clients at a professional level. It gives him great satisfaction knowing that he is bringing value to his clients by assisting them in making the best financial decisions, and this definitely motivates him to work harder every day.

Residential or Commercial Property — Which One Should You Buy?

The honest answer depends on what you’re actually trying to do and most people never ask that question before they buy. Everyone seems to have an opinion on this one. Commercial gives you better yields. Residential is safer. Office is dead. Shophouses are the play. The takes are everywhere and half of them are right, depending on what you’re optimising for. That’s the part that gets skipped. So let’s actually look at both. Not the pitch version but the real

Elton Tong July 17, 2026

Why CPF is Not a Scam — and how to make it work for you.

Why Your Parents and Uncles Think CPF Is a Scam (And Why It’s Not) If you’ve ever had a coffee shop chat with the older folks in your life, you’ve probably heard it. “CPF? Last time, they take our money, then cannot take back. It’s a scam!” It’s a perception that’s passed down through the generations, and it’s a mix of valid frustrations from a different time and a lot of misunderstanding. Let’s be real—the CPF system of today is

Elton Tong January 23, 2026

Your BTO Isn’t a Guaranteed Jackpot: Why Your HDB Isn’t a “True” Financial Asset

Everyone has a friend who bought a BTO and made a tidy sum after the 5-year Minimum Occupation Period (MOP). The myth of the “sure-win” HDB is so deeply ingrained in Singaporean culture, it feels like gospel. But here’s the brutal truth: even if you do make a profit, it doesn’t automatically make your HDB a great financial asset. A financial asset should be liquid, easily transferable, and have minimal policy constraints. When you look at an HDB through that

Elton Tong January 20, 2026

Wealth Tax in Singapore: Which One Applies to You?

If there was a common gripe to unite all Singaporeans, it would be the dreading of more taxes, whether it be GST, income tax or property tax. If anything, COVID-19 highlighted the stratifications within our society and proved that the pandemic affects everyone differently. It is no surprise that, like many developed nations around the world, Singapore also faces the challenging issue of preventing the widening of income inequality within their society, while finding ways to avoid disincentivizing ambition. Today

Elton Tong May 11, 2023

How SERS Give Older HDBs A New Life

Many homeowners of older HDB flats are praying that their property would be able to go through the Selective En bloc Redevelopment Scheme (SERS) to renew their aged property. Since all HDB ownership has a 99-years lease, owners of aged properties hope that through SERS, they will be able to relocate to a new home with a fresh 99-years lease. This is because the value of the property will start to depreciate when the lease is nearing the end and

Elton Tong June 22, 2022