MoneyDigest - Personal Finance, Lifestyle, Money Saving Tips

10 Websites Singaporeans Must Stalk Now For Black Friday Deals

Standfirst: This is the moment you’ve been waiting for all year — to make your biggest savings by stocking up on gifts, every-day essentials and clothes from Amazon to Courts

As you know, Black Friday is just around the corner. In fact, it’s so close you could almost touch it. You might have read news reports that this year, Amazon has decided to shorten the wait to this annual Sale of the Year by three weeks — yes, it the e-comm juggernaut has already started the “countdown” to D-Day by offering a slew of attractive daily deals. With that news, we couldn’t help but wonder if other e-tailers — overseas and right here in our backward — might have jumped on the bandwagon with early-bird teasers, too.

So we did what we do best — scout, dig and ferret out all the sites and even brick-and-mortar stores that you should be stalking from now to bag the best deals, whether it’s gifts for the festive season or essentials for the new year ahead. Ready, set, shop!

Amazon
The race to the best buys is already on. Make a beeline for the “deal of the day” section, and you’ll be spoilt for choice for items going for up to 70 per cent off. It seems like a good place to start looking for stocking stuffers or Secret Santa gifts, if you ask us. Some of the crazy deals spotted so far include “The Hunger Games Complete 4-film Blu-Ray series at US$24.99 (46% off), TaoTronics Bluetooth Nano-Coating Sweatproof Sport Headphone at US$25.49 (58% off) and SanDisk Extreme PRO 64GB SDXC Flash Memory Card at US$34.95 (45% off). Be sure to log on every day to check for new deals and steals.
Zalora

Word is out. Zalora Singapore will have conducting their Black Friday sale from November 27 to 30 with discounts of up to 80 per cent. If you download their app, you’ll get an additional 18 per cent off. We don’t know about you, but we’re already shopping and adding our 2017 wardrobe to wish list. As soon as the clock strikes 12 on November 27, we’re checking out.

Sephora

Hey beauty-philes! Last year, Sephora Singapore offered Black and White card members 15 per cent off their purchases with a minimum spend of S$100. We expect no less from the our beauty fairy godmother this year. If anyone needs us, we’ll be stalking Sephora.sg and their social media for the latest updates.

Uniqlo

You know you can trust the Japanese to be precise. Last year, Uniqlo gave us 20 per cent off storewide (a minimum purchase was required only at their online store). The promotion was valid precisely on the day of Black Friday, and the it’s come to our attention that they almost always launch their promotion at the stroke of midnight. So, if you’re looking to stock up on winterwear, Heattech underwear or — gasp! — Uniqlo’s Carine Roitfeld collection (if they’re still available by then), set your alarm!

Shopbop

From indie to designer labels, Shopbop is a one-stop shop for fashionistas. Have you been searching for the perfect pair of mules or embroidered bomber jacket? There’s a pretty good chance you’ll find it here — and at a sweet discount come Black Friday. If the last two years are any indication, you can expect up to 25 per cent off your order, plus free express shipping worldwide. Keep your eyes peeled.

Nasty Gal

In the Nasty Gal-axy, Black Friday is the new black. Looking at the history books, #Girlbosses everywhere enjoyed 30 per cent off their favourite black styles with a bonus 30 per cent off for Black Friday. Details of their deals are usually up a few days before Black Friday, and include early access for their social media followers. So, start following, go.

Love, Bonito

If you’re a fan of homegrown fashion e-commerce site Love, Bonito, chances are you’d have enjoyed up to half in 2015 with an additional 10 per cent off when you enter a promo code. We are rubbing our hands in anticipation of what’s to come this year. Stay tuned, and support local, people!

Robinsons

Calling big spenders! Are you moving house and in the market for big-ticket items? In case you missed it, Robinsons offered up some seriously delish discounts (up to 80 per cent!) and gifts including limited quantities of the iPad Mini 3 (with a minimum spend of S$3,500) and the iPhone 6 64GB for those who spent at least S$5,000. It’d be wise to start keeping your eyes and ears open a week before Black Friday, and be ready to strike when the time comes.

Qoo10

Love it or loathe it, you can’t deny that Qoo10 does have some good stuff to offer — if you could bring yourself to wade through the clutter. Last year, we spotted Havaianas for S$9.90, Kindle Paperwhite for S$79.90 and Kate Spade wallets for S$59. It could be worth a stakeout.

Courts

This is perhaps the best time of the year to refurbish your home or think about renewing some of your age-old furniture and appliances. At the last Black Friday, Courts rolled out irresistible offers that promised up to 90 per cent in savings. Sure, you can jostle with other bargain hunters at their brick-and-mortar stores, but the promotions are also available online if you’re busy making other purchases the world over.

This article was contributed by SingSaver.com.sg, Singapore’s #1 personal finance comparison site for credit cards and personal loan.

An Investment for Property Lovers and Dividend Seekers

Singaporeans are fixated with buying property – and they don’t just stop at one.

In a report published in June 2016, Maybank Kim Eng’s research team found that approximately 1.1 million households in Singapore own the homes they occupy, but there are another 200,000 housing units are currently held as investments. This demand, coupled with land scarcity, means that property in Singapore doesn’t come cheap.

There is however, a more affordable option for those looking to invest in property: real estate investment trusts (REITs). REITs – Singapore REITs (S-REITs) in particular – have been making headlines recently for offering handsome dividends, made even more attractive by a persistent low interest rate environment. If you are a dividend investor, you may want to learn more about this asset class.

How Have Singapore REITs Fared?

According to a Bloomberg report in October 2016, the 7% yield offered by S-REITs exceeded those listed in Australia, the US and Japan. That’s been the driving force behind an approximately 9% increase in the FTSE Straits Times Real Estate Investment Trust index this year as yield-hungry investors flock to the offerings amid record-low interest rates.

Findings by SGX My Gateway published on 11 September 2016 also showed that the sector logged an indicative average dividend yield of 6.7% p.a. thus far, compared to that of the Straits Times Index (3.9% p.a.) and MSCI World REIT Index (3.9%p.a.).

Compared to fixed deposit rates? The difference is even wider. In September 2016, the 12-month fixed deposit rate – or the average rate compiled from that quoted by 10 leading banks and finance companies – was 0.35% p.a.

What is a REIT Anyway?

A REIT is a trust that owns and operates income generating real estate. The rental income or interest payment that is earned by the REIT is passed on to investors in the form of dividends.

Here are more facts about REITs and S-REITs:

There’s a reason why S-REITs pay handsome dividends. They are required to distribute at least 90% of their taxable income each year in order to enjoy tax exempt status by IRAS, subject to certain conditions.

Investing in one REIT gives you exposure to not just one, but a portfolio of properties, and at a fraction of the price that it would cost you to buy a single property.

The portfolio of properties are not limited to those in Singapore. Some REITs have international properties in their portfolio.

REITs are more liquid compared to property as they can be bought and sold on stock exchanges throughout the day just like any other stock.

What S-REITs are Out There?

There are different types of S-REITs to choose from, and they are affected by different factors.

Maybank Kim Eng’s research team believes that industrial REITs, like Ascendas REIT and Mapletree Industrial Trust, could benefit from public spending’s focus on boosting innovation and productivity. Business parks, science parks and high-spec industrial space will be in demand. So if you are wondering what type of REITs to watch out for, you could consider finding out more about industrial REITs and whether they fit the objectives of your portfolio.

Disclaimer: This message is for general knowledge or information only. It is not an offer or invitation to buy or sell securities, futures or other products or services. Our products or services vary in different jurisdictions, subject to their respective terms and conditions and the licences our affiliates and us hold. This message is not an advice or recommendation for any financial planning, investment, legal, tax or other purposes and, accordingly, no responsibility or liability is assumed by us or our affiliates, whether directly or indirectly, from any person taking or not taking action

Why Many Singaporeans Are Not Tying The Knot

About 4 out of 5 Singapore residents express their intentions to get married. But, why are they not pursuing what their hearts deeply desire?

In 2013, 83% of the participants in the survey by National Population and Talent Division said that they want to tie the knot. This figure is slightly lower than the reported 85% in the previous survey (2007). We can only predict that the decline will continue by 2019.

The leading reasons why most of the respondents are not employing immediate marital plans are saving up for the wedding and saving up for the housing. Furthermore, 84% of the 4,646 participants intended to have 1-2 children only. Those people who are not planning to have any children or to have an extension to their family cited financial costs as one of their top reasons. It does not take a notable genius to understand how money gravely influences the Singaporean’s approach to marriage and parenthood.

Many residents of Singapore are delaying the the event of matrimony as they want to earn more money, to build an attractive career, and to be financially independent. These factors push up the national median age of first marriages.

MAKING MONEY IS HAPPINESS

“Making money is happiness…”, said Nobel Peace Prize winner Muhammad Yunus. Along with happiness, money seems to go hand-in-hand with marriage. Many Singaporeans perceive that the primary focus of life is building careers and gaining more pay. A relatively significant amount of the population delay marriage to save money for cushioning the high cost of living. They are wary about certain expenses too. I cannot deny the fact that the wedding ceremony, home renovation, and infant care costs an overwhelming wealth!

The recent report by the Department of Statistics Singapore support these sentiments. It found that the median age for grooms at first marriage rose to 30.3 years old in 2015. During the same period, the median age for brides rose at a faster rate to 28.2 years old. These respondents wanted to attain “some level of success” to attract potential partners.

I AM A STRONG WOMEN WITH OR WITHOUT THIS OTHER PERSON

“I am a strong woman with or without this other person…”, said American performer Queen Latifah.

It is probably no coincidence or sorcery that as women gained more economic power in the recent decades, they have been less likely to get married. Women are less likely to wed due to financial security alone. Dr. Norman Li, the Associate Professor of Psychology at Singapore Management University, has his own take on this trend. He said that: “Women are now becoming more and more educated and earning increasingly more income. So, there are increasingly fewer men who meet their standards.”

Do you agree with Dr. Norman’s statements? Well, one thing is for sure. Birth rates have been hit due to women marrying later or not marrying at all.

Image Credits: pixabay.com

In order to entice more Singaporeans to get married and have children, institutions may employ different rewards. Banks may start to offer matrimony loans that specialize on the expenses of the wedding and the early years of marriage. Moreover, employers may provide a baby bonus (i.e., a cash gift) or a paid maternity leave.

Sources: 1 & 2

Do Singaporean Women Have A Specialized Insurance?

There is a new trend circulating the insurance market. This trend is none other than women’s insurance. Have you heard of this?

I cannot deny the fact that women are more prone to certain diseases due to the workings of the female body. Health issues such as pregnancy complications and ovarian cysts are peculiar to women. Some of these health conditions are not covered by life or health insurance due to its exclusivity. This is why women face encouragement to add special riders. But, this scenario is a thing of the past! More and more insurers are offering women-centered maternity and critical illness plans.

Parents who are experiencing the miracle of childbirth for the first time can be overtly “kancheong” (tensed). Who can blame them? Maternity is a vulnerable period that you must not take lightly. To safeguard yourself and your child, you may purchase maternity insurance policies. Some of them are in the form of bundled plans to cover the child’s needs beyond the early stages. Consider signing up for the “PINKLIFE” by Great Eastern Life Assurance.

PINKLIFE covers allows the policyholder to feel safe while she is pregnant. Women (between ages 17 to 40) have the option to upgrade their plans to include coverage for pregnancy-related conditions such as stillbirth or miscarriage due to accident. The newborn will also be covered for premature birth requiring ICU care and congenital conditions (e.g., Down’s Syndrome). This plan stands out from the rest because is protects the policyholder from 37 critical illnesses too.

Image Credits: pixabay.com

Aside from maternity bundled plans, insurance policies for women occur as critical illness insurance. Critical illness (CI) insurance usually pay a lump sum when an individual is diagnosed with a disease covered in the terms. It is important to note that most policies depend heavily on the policyholder’s age. Insurers will charge you with a higher premium if you belong to an older age group. This is because the risk to certain diseases increase as age does. So, examine the point of coverage. Is their an age allowance? How about a “stage” allowance (e.g., the coverage takes place only at the early stages of breast cancer)?

As this CI policy is targeted at women, you can commonly find that some of them offer free health checkups such as mammogram. Speaking of free health checkups – I introduce you to the AIA Glow of Life. It is a CI that is especially made for women. You may enjoy a complimentary medical checkup every two years starting from your 3rd year with the policy. It gives you payouts for a wide range of illnesses including breast cancer, osteoporosis, and rheumatoid arthritis.

What’s more? Policyholders can expect to gain from a 100% reimbursement for a reconstructive surgery due to an accident.

While some insurers offer standalone women-centered plans, others do not. Please make sure to read the fine print to understand what you are covered for! Feel free to contact a financial adviser for an appropriate consultation.

Sources: 1, 2, & 3

Before You Kick The Bucket, Visit These Beautiful Local Places

Whether you like it or not, our time on Earth eventually comes to an end. Most people take this as an opportunity to live within their greatest potential. Keeping this mind, you may create a “travel bucket list” filled with the places that you desire to visit before you die (or at least before you turn 60).

You may think that Singapore is exclusively blessed with luxury malls and highly-rated hotels, but there is more to our country than the sheen of wealth. It is surrounded with diverse cultures and a vibrant history that you must discover.

Consider visiting these beautiful places first:

HIKE AT PULAU UBIN

Have a blast from the bygone years by observing how the villagers of the Pulau Ubin live without the glamorous skyscrapers. Pulau Ubin is an island found in the Northeast of Singapore. It is one of the last rural areas in the country with an abundance of fauna and flora. It is a great place to hike, cycle, and experience other outdoor activities. Make sure you pack the best hiking gps for your trip!

You may take a guided tour to explore the picturesque beaches and mangrove areas.

DISCOVER THE ASIAN WONDERS

Before the optimum condition of your senses deteriorate due to old age, consider savoring the beauty of treasured artworks by visiting local museums. On the top of my list is none other than Asian Civilisations Museum (ACM). Nestled at the mouth of the Singapore River, ACM will take you on a journey of historical discovery as they preserve the heritage of Asia.

It boasts with about 1,300 artifacts from China, South Asia, Southeast Asia, and West Asia. Upon walking inside its halls last year, I was amazed by the abundance and diversity of the Buddha statues as well as the 12 zodiac animal heads donated by Jackie Chan.

To shake things up, they accompany the permanent exhibits with special exhibits such as the “South Asia and the Islamic World”. You will be glad to know that admission is FREE for Singapore Citizens and Permanent Residents.

STROLL ABOVE THE TREES

Tick one item off your bucket list by conquering your fear of heights!

Take your special someone to a morning hike while watching the sunrise at the MacRitchie Reservoir Park. MacRitchie Reservoir Park houses several long hiking routes including the famous TreeTop Walk. The TreeTop Walk consists of a freestanding suspension bridge that connects two highest points namely: Bukit Peirce and Bukit Kalang. This is the first of its kind. You will truly appreciate the unique experience of looking over the variety of plants and animals while being about 25 meters off the ground.

POSE WITH ALL THE MERLION

Wouldn’t it be nice to share the stories of how you posed beside all the Merlion statues in Singapore? I am sure that your grandchildren will be fascinated to know that their grandparent stood face-to-face with the nation’s “mythical creature”.

As you may know, the Merlion has the head of the lion and the body of a fish. It is regarded as Singapore’s icon since the 60’s. There are seven Merlion statues built islandwide. Among these is the statue located next to One Fullerton. Take a snap with this water-spouting statue before you walk around Marina Bay.

RELAX AT A TROPICAL OASIS

Recently featured inside the pages of the Louis Vuitton City Guide Singapore, Blue Bali is the closest tropical oasis in the bustling city. The serene place consists of a restaurant and a spa where guests can indulge on contemporary Indonesian cuisine while overlooking the surrounding greenery.

Worry not about breaking the bank as the prices of the meals are reasonable. Mains start from S$16 while the kid’s meals start from S$8.

Image Credits: facebook.com/BlueBaliOnCluny

What are you waiting for? Tick “urban paradise” off your bucket list.

Sources: 1, 2, 3

Search the site