Category: The New Savvy

Universal Studios Singapore Kicks Off Halloween Horror Nights 2017

Are you ready for the Halloween Horror Nights this year? You should be! Universal Studios Singapore is gearing up for the main event during this 2017 Halloween celebration. The popular theme park is located within the premises of Resorts World Sentosa in Sentosa Island. It is a popular destination for tourists and locals alike. The park boasts of various rides and entertainment for guests as well as different exciting zones within the park. Universal Studios Singapore Zones This is one of the places that offer the best activities in Singapore – especially during the holiday season. Universal Studios give guests the option to explore different zones in the area. Visitors can enjoy the Hollywood area as they step into the beautiful architecture that envelops the Boulevard. This section is littered with palm trees and even has a replica of the world-famous Walk of Fame. Taking a walk will also seem like you have been transported to the heart of the entertainment city. One of the sections of the park is called “New York”. It boasts of classic landmarks and skylines that the city is known for. Another part showcases the “Sci-Fi City” that puts you in the middle of an

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What You Need To Know About Your Home Loan Deposit In Hong Kong

What You Need To Know About Your Home Loan Deposit In Hong Kong Home. Loan. Deposit. If you have no idea what it means, then you cannot be a home owner in Hong Kong. This is one of the important requirements for those who wish to own a house in this region. While you can borrow a home loan to finance your home buying dreams, you are required to put down a percentage of the sale price as your deposit.   A deposit is the amount that you will pay in cash to buy a real estate property in Hong Kong. Obviously, the average resident cannot buy a property 100% in cash. Hong Kong is one of the most expensive cities when it comes to housing prices. But in order to secure a mortgage, you need to come up with a deposit first.   According to the study published on JLL.com, the strict loan-to-value (LTV) ratio in Hong Kong is viewed as the main challenge faced by aspiring home owners. The ideal LTV asked by banks is 60%. That means you need to come up with a 40% deposit. Some banks will allow you to get a home loan with

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How To Start Investing In Hong Kong Bonds

If you are looking to diversify your investment, you need to consider buying Hong Kong bonds. Unlike shares, this type of investment is all about borrowing money. This time, however, you (as the investor) act as the lender.   When a company or local government wants to launch a project, they do not always have to dip into their own pockets to finance it. They can issue bonds to investors – people like you. After buying bonds, the issuer will pay it back with interest. The payments are usually predetermined and guaranteed – unless the company or the government declares bankruptcy. Bond investments are usually characterized by the low-risk and the low return on investment. If you want to secure some of your investment money, it is wise to place some of it in bonds.   Hong Kong bonds offer a low-risk option for investors in the region and even overseas. It is being used by the government to fund the long-term development of the Hong Kong market. This is according to the publication from the Hong Kong Monetary Authority. In fact, back in 2009, the Government Bond Programme was introduced by the government to encourage local investors to fund

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Relax and Reap The Benefits: Ways To Earn Money While On A Holiday

Relax and Reap The Benefits: Ways To Earn Money While On A Holiday Whoever said vacation means no profit is not thinking hard and resourcefully enough! Do not let such people stop you, however, for such a thing is actually doable. And no – it does not require a lot of effort and time. Just know the right websites to go to or the apps to download and allot a little time to plan, and voila – you have profit even when you’re out of town, relaxing and having fun! Rent out your home via Airbnb. Thanks to Airbnb, this does not mean having to go to ad websites only to encounter scary and sketchy folks. Using a home rental service specifically raises the chances of getting a response and a booking because all who visit the website are looking for a house to rent; compare this to an ad website where almost everything is offered or sought for.   Not only does the process get a lot easier, but using Airbnb to rent out your home is definitely more secure. Other than having a customer profile in order to get to know your potential guests, it is also free

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Debunking 3 Common Credit Myths: Couples Edition

Whether you’re planning a wedding or already married, it’s critical for you to understand how marriage changes your finances. Will my spouse’s credit debt affect mine or vice versa? Will our credit scores combine? In marriage, you do everything together: you eat together, you raise your children together and you decide on your financial future together. Much of your life is combined but does that include your credit? Here are 3 common myths that could give you a better idea of what you are in for. Myth #1: My credit report information will merge with my spouse’s. Fact: Nothing will happen to your credit after you exchange your “I dos”. Credit reports generated by Credit Bureau Singapore are maintained at the individual consumer level, not at a joint or family level. This means everyone has their own personal credit report and credit score till death do you part. Each individual will have to maintain their own scores throughout marriage. Each spouses’ credit score will continue to be calculated based on the information in his or her own credit report. If your spouse has a bad credit history of missed payments on his or her credit card bills, it will not

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Two Reasons To Get Life Insurance in Hong Kong

Two Reasons To Get Life Insurance in Hong Kong Being a wife, and especially a mother entails a lot of responsibilities. Once you start making your own family, you stop living just for yourself. That is love for you. It is a wonderful feeling that keeps you selfless and considerate of those around you.   When it comes to your spouse or your children, it is natural to want to do anything for them. You want to protect them – even beyond death.   If there is one way that you can protect your family, it is through a life insurance. This is a policy that you will pay for to ensure that if anything happens to you, they will get a claim. Death is a devastating reality that we all need to experience at one point in our lives. Since it is a certainty, it should give you all the more reason to prepare for it. This is why a life policy is important in this day and age.   According to an article published in the South China Morning Post, even those from mainland China are buying life policies in Hong Kong. While their reason to do so

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4 Asian Celebrities Who Made It From Rags to Riches

They say when life throws you lemons, make lemonade. While it is simplistic to think that mere hard work can achieve your dreams, countless have proven that achieving success is not impossible, even when you start from nothing. Many are aware of the success stories of celebrities like JK Rowling, Leonardo DiCaprio, Leighton Meester, and many others. But these stories of climbing up the ladder of fame and wealth are not only heard about those in Hollywood. These are the rags to riches stories of stars that hail from the East. Chow Yun-fat You may know him for his films with John Woo, or as Li Mu-Bai in Crouching Tiger, Hidden Dragon and Sao Feng in the third instalment of Pirates of the Carribean. What you may not have heard of, however, was the scarcity he experienced during his early life. Chow Yun-fat’s Journey to Success: Born to a vegetable farmer/cleaning lady and oil company tanker in Hong Kong, Chow’s family was so poor that they did not have electricity. Like many Hollywood stars who rose to fame and have become a household name, Chow was a nobody and took on many odd jobs such as camera salesman, taxi driver, postman,

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Does Your Travel Insurance Plan Cover Zika Virus?

A year ago, heads were spinning around the world with the news of a mysterious new epidemic infiltrating new borders at lightning speed: Zika virus. Fast forward to today in 2017, and we’re no longer seeing frightening headlines in the news every day; Zika panic has mostly subsided. This is thanks in no small part to the efforts of high-risk areas like Singapore to contain and minimise the risk of infection. But while the World Health Organisation announced the end of the Zika epidemic in November 2016, the threat posed by Zika-carrying mosquitoes has not disappeared. In any case, the Zika crisis of 2016 reminded us all how vulnerable we still are and that we can’t take our personal health and safety for granted, even when on vacation. As you make your travel plans, you may be considering purchasing a travel insurance policy in case you’re travelling to a destination that still may be impacted by this virus or one like it, just to be safe. But does travel insurance even cover Zika virus? Our team at ValuePenguin decided to find out. Does Travel Insurance in Singapore Cover Zika? Don’t Count On It We dove into the policy wordings of

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3 things I wish I’d understood about money a long time ago

Although experience may be the best teacher, it’s also the most expensive – especially in matters of money. It’s far cheaper (if not always as effective) to learn from others’ experience, insight and errors. What follows are three essential money lessons that I wish I’d understood long ago. If these might help you (or someone you know at an earlier stage in their financial journey)… well, that’s time well spent. 1. What will this expense be “worth”… years from now? And is it worth it now? My friend and colleague Peter Churchouse has a fantastic story that illustrates what I mean here. Here it is in Peter’s own words: Not long ago, I bought a 10-year old Jaguar in Hong Kong, where I live. I paid roughly US$6,500 for it. … The first owner paid roughly US$100,000 for this car, back in 2005. So I paid nearly 94 percent less than the original purchase price. The return on investment of the car for the original buyer works out to negative 23.7 percent per annum, on an annualised basis (and that’s ignoring every other cost associated with running the car). Buying a new car – in high-priced Hong Kong or anywhere else – is

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Super Hacks For Cyber Shopaholics: How To Save Money When Shopping Online

Super Hacks For Cyber Shopaholics: How To Save Money When Shopping Online The Internet has provided us with a lot of conveniences; with just a flew clicks or taps, you can communicate with your friend living in the other side of the world. You can meet new people, get a job and do your work, and of course, do your regular shopping.   But many do not know that you can make the most of your time and money whenever you shop online.   Stick to sites with free shipping. Not sure what size would actually fit you? This would not be too much of a problem if you opt for free-shipping online shopping sites. This way, you can buy a certain product in more than one size, try them on, and return those that don’t fit well. Just don’t forget to check out the website’s return and exchange policies.   More than that, that $10-20 shipping fee can be used to buy another item or two instead, and if you do a lot of online shopping, these shopping fees combined could actually amount to a lot more.   If there are specialized online shopping sites that you religiously follow

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