Financial Freedom

How Much Does a Tesla Cost in Singapore

Tesla, a company that manufactures electric cars and energy storage systems, is an American multinational corporation. Tesla’s products are electric and use lithium ion battery technology.

Tesla was founded in 2003 by Elon Musk with the goal of creating a sustainable transportation system. The company's first vehicle was the Tesla Roadster, which was the first production EV car to use lithium-ion battery cells and to be able to travel 200 miles on a single charge.

Tesla has been in business for more than 15 years now. They have had their fair share of ups and downs, but they are still one of the most innovative car companies in the world today.

Have been seeing lots of Teslas around Singapore lately. So how much does a Tesla cost in Singpaore?

Tesla's Model Y is available in Singapore.

Based on article in Jul 2022 - Model Y without COE:

$142,471 for rear-wheel drive version
$190,195 for all-wheel-drive Performance version

Model 3 without COE:

$114,655 for rear-wheel drive
$164,398 for all-wheel-drive

Top of News - 21 Oct

1. Singaporeans, remember VR man? Standard Chartered has hired James Lye (ex-actor) as global head of international banking.

2. Durian season is back. MSW durian at $25/kg. Expensive?

3. China's Xi sends warning signal to the wealthy. “We will protect lawful income, adjust excessive income and prohibit illicit income.” This is a sign of more concrete policies to come under the "Common Prosperity" policy.

4. After Singapore announced new cooling measures that were implemented end September, HDB has waived the wait-out period of 15 months for 220 private owners who had obtained an option to purchase prior to introduction of the measures. In a bid to cool down property prices, the government had introduced new cooling measures that will require private property owners to wait for 15 months after the sale of their properties before they are allowed to purchase a HDB flat. Many retirees who wish to cash out of their private properties and right-size to a HDB flat will be affected. There have been 650 appeals lodged thus far.

5. An officer with the Ministry of Manpower has been sentenced to 8 months jail after he used a credit card he picked up on a road to top-up his EZlink card and to buy a gold ring. Seah Guo Rong, 36, took urgent half day leave to commit the offences. Civil servants salary not enough? With the formation of the Credit Bureau in Singapore, perhaps it is time that the government conduct spot checks on civil and public servants to ensure that their self-declaration on indebtedness is verified by an independent third party. Financial Indebtedness and Declaration for Civil Servant

6. Liz Truss has resigned as 🇬🇧 Prime Minister. Bring back Boris?

Applied for T-bills

Applied for $5000 worth of T-bills (6 months cut-off yield at 3.77%).

Topped up my SRS account with spare cash and applied for the T-bills.

Given the interest rates, it is probably better than fixed deposit rates. Besides that, I get tax reliefs for topup to SRS account too.

Top of News

Yahoo journalists in Singapore retrenched. 🇸🇬 This does not affect Singapore news coverage.

With rising property prices in Singapore, it was reported that HDB BTO flats are affordable for a couple with monthly household income of S$3,000. Not sure how the math works but it makes me wonder 🤔. How many flats are available at that price range (SUPPLY) and how many couples with household income of S$3,000 there are who are property hunting (DEMAND)? Because while the math might be true, if there are only 10 of such affordable flats available but 1000 couples looking to buy....

Returns of Different Instruments

CPF-OA = 2.5%

CPF-SA =4.0%

CPF-MA =4.0%

HDB loan rate =2.6%

Singapore Savings Bond= 3.21% (10 year average return)

6month T-bills = 3.07%

12 month T-bills = 3.77%

Different instruments give different returns. Just like plants 🪴 growing at different rates.

How to Buy T-bills - OCBC Mobile App

T-bills yield are going up. Here is a simple guide on how to subscribe using OCBC Mobile App.

Books to Read - My 2022 Reading List

It is the new year and Covid has definitely given us lots of opportunities to stay home and indulge ourselves in hobbies such as reading.

Here is my list of books that I intend to read in 2022.

1. Atomic Habits

This is a New York Times #1 Bestseller by James Clear. Packed with different self-improvement strategies, the book is meant to bring about changes in your life through tiny changes that you can make. Lessons from the book can be found.

Amazon is having an offer right now and you can get the book through this link: Atomic Habits: The life-changing million copy bestseller

2. Genghis Khan: And the Making of the Modern World

Highly recommended by various people, this book is an epic tale of how Genghis Khan rises from a small tribe to become ruler of a vast empire, conquering more lands than the Romans did in a much shorter time. This revisionist history depicts Genghis Khan as a progressive, tolerant leader who abolished torture, and provided almost universal religious freedom. In fact, many of the Mongols were either Christian, Muslims or Buddhists.

Get your copy from Amazon here:

Genghis Khan: And the Making of the Modern World

3. Klara and the Sun

Kazuo Ishiguro is probably one of my favorite authors and have read almost every single book of his. Unfortunately, have yet to read this book of his.

Klara and the Sun: Longlisted for the Booker Prize 2021

4. Has China Won?

The title of this book is intriguing enough. And it is written by Kishore Mahbubani who wrote Can Asians Think? Having read his earlier books, I think this will make for an interesting read given his previous experience in Singapore's Ministry of Foreign Affairs. He actually rose to the rank of Permanent Secretary in the Ministry of Foreign Affairs which is actually the highest ranking civil servant just below the minister. So his knowledge of the issues at hand are definitely worth a read.

Has China Won?: The Chinese Challenge to American Primacy

5. The Audacity of Hope

Well, it has been quite a few years since Barack Obama has stepped down as President of the United States of America. And this book which became the best seller in 2006 has been on my reading list. But this year, I intend to complete it. I am currently at Chapter 2 of the book.

The Audacity of Hope: Thoughts on Reclaiming the American Dream

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