Family Real Estate

Thomson Three, the perfect home for families with school going children

Thomson Three is offering updated gated community possibilities to live in Singapore. It is located in Singapore’s District 20 at Bright Hill Drive. United Venture Development’s 99-year leasehold project offers a rare opportunity to live in the heart of Singapore in green surroundings. Thomson Three is a high-end luxury property in the Thomson stretch that has redefined city-fringe residing in Singapore.

Photo of Thomson Three's Strata-Landed by the Pool. Image Source:
Thomson Three Strata Landed by the Pool. Image from

Thomson Three Key Details

Residential development Thomson Three is located in Singapore’s Central Region along Bright Hill Drive. It’s next door to the Thomson View Condominium. Thomson Three sits on a 99-year leasehold site with a total estimated area of 144,637 square feet. Strata-landed homes and condominium apartments make up all of Thomson Three’s 445 residences.

This project’s three twenty-one-story buildings will house 435 condos and 10 strata semi-detached apartments. Apartments come in a variety of sizes, from one-bedroom to four-bedroom units. They range in size from 495 square feet to 1,862 square feet and 3,283 square feet for the strata-landed units. All necessities of a modern lifestyle can be found in these apartments. It connects you to the city’s heart, allowing you to enjoy a wide range of conveniences.

Facilities of Thomson Three

It contains one of the largest three-bedroom units in the building at 1,862 square feet. The unit comprises the entryway space that gives you a lot of privacy when entering the flat. Thus an issue of compromising privacy is resolved. The apartment’s look is enhanced by placing a unique shoe cabinet in the area.

The dining and TV lounges are adequate in size, and they’re also well-ventilated, thanks to their efficient layouts. By “cross-ventilation, it allows more air and light to enter your home. The lamp will help you save money on electricity by illuminating your home more naturally. So, this building is very environmentally friendly. Except for cross-ventilation, the gallery and window provide a spectacular view of the city.

Best Location

These towers stand out from the competition because of their convenient location, allowing residents to take advantage of all the area’s amenities without traveling far. In the Thomson neighbourhood of Singapore, residents have the option to get in touch with nature. It provides access to parks and reservoirs that can be used for walking, running, and playing. In addition, these parks offer low-cost access to nutritious foods for the community’s population. Many businesses, schools, restaurants, and parks may be found within a short distance from Thomson Three. Residents of Thomson Three can also reach Upper Thomson MRT within a 5-minute walk.

The supermarkets near the towers serve as convenient shopping destinations for the apartment’s ladies. Fair Price Finest and Sheng Siong may be found in Thomson Plaza and Thomson Imperial Court. The nearest hospitals, like Mount Alvernia Hospital, Thomson medical center, and Ashford dental center, are only a 5 to 10-minutes drive away if a medical emergency arises. When you compare Thomson Three to other condominiums, you’ll see it is distinct and different from the rest. For more info on this excellent resale condo, visit

Family Finance Real Estate

Buying your first family home during Covid.

Germaine Lee and her husband spent more than three years searching for their first house in Singapore, anticipating that property prices would plummet throughout their search. They eventually purchased their house in December, after prices doubled last year during the city-worst state’s recession since the COVID-19 epidemic.

Private home prices increased by 3.3% in the first quarter, the highest quarterly increase in three years, fueling anticipation that the government would act to cool the market. According to analysts, the housing market’s “perfect storm” has been fueled by BTO construction delays, a low interest rate environment, a prolonged global slowdown, and rising demand from foreign investors.

All of which have been bolstered by the prospect of further price growth and an improved leasing environment. These patterns are expected to continue for the foreseeable future. Residential prices are projected to rise by 4-10 percent for the entire year, while HDB resale prices are likely to increase by 5-9 percent.

The reality is that the majority of Singaporeans underestimate the amount of money required to own private property. In Singapore, where real estate is a sanctuary for rich foreign investors, are closely monitoring property prices to ensure that housing stays affordable for residents and maintains pace with economic realities. Private housing is usually inexpensive to first-time purchasers and renovators.

Consider the cost of property management when determining the value of commercial and investment property. Additionally, it is critical to include the cost of HOA dues in your house budget, particularly in an expensive property market. On the other hand, commercial property provides greater financial advantages than residential property such as leased housing and separate homes, but it is also riskier.

If you’re in the market for a new house, condos seem to be a more appealing and cost-effective option than single-family homes. There are condos in high-rise buildings, but there are also freestanding condominiums on the market.

Condominiums are an ideal first home for first-time purchasers since they eliminate the care and upkeep associated with a family home and allow you to capitalize on ownership and equity. Additionally, condominiums are less expensive, provide a variety of facilities, and need less upkeep.

Rent or Buy?

A condominium, often known as a condominium, is a kind of property that is owned by the individual units within the community, not by the community as a whole. Apartment owners rent their units to tenants in a community.

There are luxury apartments and condos in Kallang, in addition to the New condo near MRT or transportation. Additionally, there are public housing units and settlements available to Singaporeans who do not want to live in HDB flats and find private property too costly.
Explore 556 affordable houses in Singapore, priced around $2,000,000.

Singapore’s property market has improved considerably since 2015, making it one of the finest locations to invest in real estate. The sheer volume of new houses constructed each year attests to the market’s expansion. Flats are getting more appealing, and individuals are becoming more inclined to purchase homes.

If you are purchasing a condominium as an investment and want to sell it for a profit, you should keep in mind that condos value more slowly than single-family houses. Supply and demand play a factor here, since there are often more purchasers looking for a spot on the real property, which means that home prices will increase quicker than your condo.

Annual returns on commercial property range between 6 and 12 percent, depending on the region, the present economy, and external events such as a pandemic. This is more than the range of current single-family houses, which should be between 4% and 5%.

The starting price per square meter for a 2.2 m 2 one-bedroom property is about 1 million in terms of new condos. Prices in the private market are at an all-time high, rendering flats and homes unaffordable to many young couples.

In certain places, renting a one-bedroom apartment may now cost up to $5,000 per month, while a $1 million house can be purchased for around $4,000 per month in mortgage payments.

Affordable homes

The most affordable condominiums are in Changi or Tampines, where many new condos are being built out of city region. While coastal homes compete with Orchard Road in terms of price, condominiums in eastern Singapore are more inexpensive.

Central is the most costly neighborhood in the city to purchase an apartment, with property prices exceeding S $20,000 per square meter. While house prices are lower in Central, the cost of a condo varies according to location.

In comparison, monthly rentals for a two-bedroom apartment in Melville Park, SIMEI, or Tampine vary between $2,200 and $2,600. Your real estate agent can assist you in locating the ideal house or condominium in Palm Springs and the neighboring areas.

Family Finance

Why having a mortgage insurance is important to you and your family

To protect our loved ones from unexpected debt, we should consider mortgage insurance and life insurance, among others. Term life insurance is a popular alternative to mortgage insurance when it comes to protecting a home loan. It is a life insurance policy that is purchased for a specific period of time, and it is a practical solution to protect assets and provide for loved ones in times of need. 

If you are a borrower, mortgage insurance protects your family from repaying the loan in case of death. It is beneficial if you can afford mortgage payments that your family cannot afford when you are gone. It can help you pay off your home loan and help you keep your property in the event of death or permanent disability. 

To help you make the right decision, we’ve compiled a list of mortgage insurance policies that may work for you depending on your credit budget. Mortgage insurance is the cheapest insurance because it provides a full refund of your premiums in the event of a claim, bringing your total cost down to zero over the life of the policy. 

Mortgage insurance provides financial protection in the event that you are unable to repay your loan, and is designed to protect you and your family if you are unable to repay your loan. These types of plans are a great way to get the protection you need and protect your money even after the mortgage insurance plan ends. 

If you are unable to service the mortgage payments for the entire term of your loan, you can file a claim against the insurer and the insurer will repay the loan. You don’t need to file a mortgage insurance claim if you spent too much money on your last vacation abroad or have more money than the monthly payment on a home loan. 

On the other hand, if you take out mortgage insurance and get the insurance payout and make sure the home loan is repaid, your family can keep your home without having to spend money on repaying the loan. 

The answer is subjective, but if you want to protect your family and loved ones from unexpected circumstances like death or disability, mortgage insurance is worth considering. The home you are paying for is occupied by your family, and if you are the only one paying back the loan, you should purchase mortgage insurance. Mortgage insurance is useful and necessary when it comes to protecting dependents. 

Mortgage insurance is a type of insurance that protects beneficiary families from financial loss or financial hardship if a policyholder experiences a death or permanent disability as a result of outstanding mortgage payments. In the unfortunate event that a homeowner dies before the outstanding mortgage loan has been repaid, it becomes a potential financial burden for other family members if they are not prepared. Mortgage insurance protects homeowners and their families from the loss of their home in the event of the homeowner’s death and permanent disability. 

Mortgage insurance pays a set amount, depending on the coverage plan, to help dependents with mortgage payments and mitigate the potential financial crisis that a permanent loss of income could cause. For information on insurance that guarantees payments on a mortgage in the event of death or disability, see Mortgage and Life Insurance. 

Mortgage insurance is also known as Reduced Term Mortgage Insurance (MRTA), a type of insurance designed to protect your mortgage loan in the event of a life-changing event in your life. It is known in the UK as Mortgage Damage Guarantee (MIG). Mortgage insurance (also known as mortgage guarantee or home loan insurance) is insurance that compensates lenders and investors in mortgage securities for the loss or default of a mortgage loan. 

In the event of a crash or death, you and your family will be paid a lump sum if you use mortgage insurance. This lump sum can then be used to pay off your home loan, so you don’t have to worry about paying off your mortgage. 

In the case of mortgage insurance, the guaranteed amount is your outstanding loan balance on your current home loan. In Singapore, mortgage insurance is also known as Reduced Term Mortgage Insurance (MRTA) where the guaranteed amount from the mortgage loan is reduced and repaid every month. If your home loan is high, this means you need a larger sum insured in your mortgage insurance policy.

Simply put, mortgage insurance is your back-up plan to ensure that your family and dependents are covered and not saddled with housing debt due to unforeseen circumstances. Mortgage Reduced Term Assurance (MRTA) in Singapore ensures that you can settle your mortgage repayments even in the event of unexpected events such as death, total or permanent disability throughout the life of your home loan. In the unfortunate event of your death, the insurer will pay the balance of your mortgage. 

The right mortgage insurance depends on a number of factors, including the size of your home loan and other financial obligations. So, you need to find out if mortgage insurance provides the right coverage for your home loan. 

On the other hand, it is not mandatory for a home owner in Singapore to have mortgage insurance. It is a sin to buy a house without taking mortgage insurance as it exposes you to risk on the home loan. In Australia, the borrower is required to pay the lender’s mortgage insurance (LMI) on the home loan, which is 80% of the purchase price. 

In Singapore, the owner of an HDB flat is required to take out mortgage insurance as they have to use the balance in their Central Provident Fund account for the monthly installments of their mortgage. You have a choice between a mortgage insurance policy administered by the CPF Board or one taken out by a private insurer. If you are buying a flat without HDB, you have the option of taking out private mortgage insurance. 

Mortgage insurance provides a safety net in case life gives you lemons and you cannot repay your home loan, in the form of a lump sum payment that covers the outstanding home loan amount. This means that the amount is guaranteed to reduce over the life of the policy, and the age of the loan decreases over time (see illustration above). This safety net ensures that your spouse and family will never have to bear the brunt of the installment payment should something happen to you, without fear of potential homelessness.

Family Parenting

Being a good parent and role model to your child is not easy, here are some tips for you.

Television has become a dominant activity in many households in Singapore. As most parents know, it is not a healthy activity and is especially bad for children under the age of two. Singaporean pediatrics now recommends limiting television viewing for children under the age of two, even though there is no evidence that television enhances brain development in children. 

Make it a point to know your child’s developmental stages. Good parenting practices, while far from universal, can be adapted to each child’s and family’s unique characteristics and tailored to each child’s changes over time. 

Instead of focusing on weaknesses, find ways to help your child reach his or her full potential. Encourage the child to acquire talents to make up for deficits. The easiest way to help a child act is to develop good behavioral habits so he or she doesn’t have to think. 

It is important that you treat your child with the same courtesy that you will give him the next time you talk to her. Be sure to ask your child why they are thinking or feeling in a way that requires more than a one-word answer, and don’t interrupt. 

Parents are concerned about picky eaters and children who eat too much and gain weight. Therefore, help your child eat a variety of real foods rather than processed snacks, eat at mealtimes and snacks, graze and slurp constantly, eat to satisfy hunger, and experience food as a reward rather than a punishment. Build in the social aspects of dining from the beginning so that children grow up in the context of family time, watching other family members eat, talking to each other, and spending time with a variety of healthy foods. 

Good Parenting Styles There are many different effective parenting styles you can choose depending on your child’s temperament. You can choose a non-punitive method of discipline that works best for your child. 

Over time, boundaries will help your child develop the ability to control his or her own behavior. If your guidelines are sound and reasonable, your child is more likely to cooperate. 

Being a positive parent means teaching your child morals, right and wrong. Help your child think through difficult decisions, praise the good choices, and let him learn from the bad ones. 

No child is perfect, so it’s important to keep this in mind when formulating our expectations. A good parent strives to make decisions that are in the best interest of the child. If you keep working on to learn the best parenting skills, you will be one of them in no time and you will be moving in the right direction. 

Becoming a good parent is not automatic in the modern world. New parents and previous generations benefit from having an extended family with grandparents, aunts, uncles and cousins who were part of the parenting process. Today, with many families miles away from their relatives, parents must learn on their own in the hope that their choices will equip their children with the skills to lead happy and successful lives.

Positive Parenting focuses on teaching children what behaviors are acceptable. The pain of parenting can be frustrating, but here are some positive parenting tips to keep calm and encourage acceptable behavior. These techniques can help with the behavior we want and allow the child to recover and adjust. 

While you are teaching your child to be independent, you also need to teach them to be safe. Learning to be a good friend is the most important skill you can teach your child. Know that your child will be watching you closely to avoid violence and other unacceptable content. 

Instead of focusing on weaknesses, find ways to help your child reach their full potential. This is invaluable for brain-sculpting moments and will not only help you maintain a healthy perspective, but also work toward one of your main goals as a parent: building a good relationship with your child. 

With so many websites, books, and products offering different ideas for discipline, it can feel overwhelming. When trying to address your children’s behavior problems, it’s important to seek credible information based on the best parenting strategies. Many parenting techniques, practices and traditions have been thoroughly researched, reviewed, refined and refuted.  

The year of the toddler are two joyous years for you and your child. Children grow by leaps and bounds, walking, talking, laughing, singing and gaining new life experiences every day. Your child has foods they love, favourite toys, and they have their own likes, dislikes, and opinions. 

If you have a good relationship with your child, you tend to trust them, listen to them and agree with them. If you don’t have that relationship, your child won’t listen to you. 

There are many practical solutions for improving communication, building positive relationships and other helpful parenting skills in the parenting tips. Parents can learn how to use the three F’s for effective parenting techniques on the pages for other parents and find that yelling, crying and hitting disappear when positive relationships are built. At Building Parenting Skills, parents can help disciplining children from toddlers to teens, encouraging children and teens to feel positive and making them the winners they should be.

Family Finance

Quick tips to save money as a family, for your family

A word of caution if you are considering about living frugally and saving money. I try to think of things that are simple enough to have a significant impact on your budget. For those who want my favourite easy and frugal ways to save money that are doable and make you feel successful, reducing your spending can take a lot of time, but there is something to be done. 

Try the following money-saving tips and use them to help you budget. I recommend focusing on two or three money-saving tips. 

The more organized you are when shopping, the more money you can save. The list of items you need to buy, envelopes with coupons, and the maximum budget you are willing to spend on each outing will keep you from overspending. 

If you live in a popular tourist area, this can add up to a lot of extra money. Ensure you know the risks and are willing to take the necessary steps to protect your family and property.

There are numerous ways for families to save, but these are all worth considering because they allow you to put more money in your bank account and use it for retirement or your kids’ college education. Since we live with many parents willing to trade babysitting nights, we can save some money by hiring one for the evening. Every family deserves to check out your choices of affordable restaurants. 

If you find that you are pregnant, have a newborn, toddler or teenager, we have tips to help you save money, increase your budget, reduce costs and plan for the future. Read on to find out how you can make a real difference to your family finances. Here are some innovative and manageable ways you can save on everyday expenses instead of big purchases. 

It’s vital to comprehend how much money you have and what your household expenses are. Once you know where your money is going, you can figure out where you need to save, cut back, or change things up. The most reliable way to save money is to make simple changes to your daily activities. 

Making your life so that your family only needs one car is more doable than you might think. Learning to knit, sew, or crochet can also come in handy when raising a family. If you come from a large extended family, the best way to save money is to start a family. 

If you identify in your heart that a large family is the right choice and have a little faith, you can figure out how to make it work. You can make sure that you and your spouse bike, walk, carpool, or take public transportation to work. There are many ways to transition to a one-car family, and all of them will save you money. 

It takes ingenuity, hard work, and a lot of creativity to create a large family and make it work as well as possible, but the rewards are endless. With a little creative planning and simplification, anyone can cut out most of the “love” of a large family and find a way to make it work. Families find ways to support their family in spite of obstacles. 

With a large family, it is possible to downsize your lifestyle and life, saving you a lot of money. Switch up your lifestyle, switch to a sustainable lifestyle, or skip the family vacation if you’re not willing to make the enormous sacrifices that frugal living requires. Once you understand that saving for your family isn’t all about extreme couponing and sacrificing quality, you’ll be more inclined to make small changes to keep more than anyone I know. 

When you make saving a family affair, you lighten the load on your shoulders and teach your kids valuable lessons about spending and saving. One of the things that came out of my dad’s story was that he had a purpose in saving money and lived frugally. For that reason, I wanted to share with you some of my favourite frugal and straightforward ways to save money.

One of the family’s most significant failures is the impromptu trip to McDonald’s instead of dinner. Frugal families know that lavish trips and late-night clothes do not a happy family make. When you serve healthy meals with only two servings, you end up wasting calories and money feeding your family, which automatically makes healthy meals a budget hit. 

The next time you make a favourite family recipe, freeze the leftovers for another day. People who grocery shop buy a little more and spend less money than those who believe whatever they get at the grocery store. 

If you are uncertain about a purchase, you can better evaluate if it is worth the money by waiting. Remember that the payback period is usually less than three years instead of five, which will save you a lot of money in the long run. As the months go by, you may feel the urge to buy something, but if you pass on it, you’ll save yourself money by waiting. 

There’s no question that children cost a lot of money, and many estimates put the cost of parenting a child from birth to age 18 at around $250,000 (source). I wrote about saving and preparing for a baby when I was expecting our first child, so I won’t beat myself up when I say that raising kids doesn’t cost as much as you might think, but it’s still way too much for the average family. Raising kids is all about learning how to save money at their expense, and I think I know how. 

I can’t even imagine the amount of money you have to make, the thought you have to put into it, and what it’s like to dress your kids in second hand clothes.