Singapore assets (19 Jun 2026): CPF S$379,042 (confirmed) · NTUC policies S$330K cash value · Singlife provisional S$625,487 (net equity S$150K) · SGD bonds S$1.50M nominal · POEMS Cash Plus 1052959 S$173,664 (confirmed 19 Jun 2026) · CIMB financing S$775K. Second POEMS account pending.
Property — Bishan 8, #07-02
63 Bishan Street 21, Singapore 574045 · 99-yr leasehold, lease commenced 1996 (TOP 2000) · last snapshot 18 Jul 2026
⚠ Not a bank valuation: the figure below is an ERA agent-marketing estimate (indicative PSF × unit size), sourced by the agent from SRX/SquareFoot/URA. Treat as directional only until cross-checked with an actual bank indicative or HDB/URA caveat.
Agent Estimated Value
S$2,400,000
ERA letter, 18 Jul 2026
Est. Highest Rental
S$4,900/mo
ERA estimate, 18 Jul 2026
Lease Remaining
~69 yrs
of 99 yrs · expires ~2095
| Snapshot Date | Est. Value | Lease Remaining | Source |
|---|---|---|---|
| 18 Jul 2026 | S$2,400,000 | ~69 yrs | ERA agent letter (Chan Xi / Jon Chua) |
Leasehold decay note (approximate, not a bank formula — verify with a valuer if this matters for a decision): at ~69 years remaining the unit sits comfortably above the ~60-year mark, where CPF usage and bank loan tenure/LTV terms typically start tightening, and well above the ~30-year mark, where valuation decay usually accelerates sharply. Decay is non-linear — expect it to stay fairly flat for some years yet, then steepen as remaining lease drops through those thresholds (roughly the mid-2050s at current pace). This log exists to track that drift over time as new estimates/letters come in — add a new snapshot row each time, rather than automating a live scrape (updates are infrequent enough that a scraper isn't worth the Actions/API overhead).
SRS — DBS Treasures (SRS/CPFIA wrapper)
Confirmed via DBS internet banking screenshot · 15 Jul 2026, 16:31 SGT
⚠ Open reconciliation item: SSB code GX24010F shows S$17,500 on the DBS SRS holdings page but S$20,000 on Prof's own personal CDP portfolio (confirmed single CDP account, CSV export 15 Jul 2026). Additionally, two SSBs seen on the DBS SRS page — GX24070S (S$10,000) and GX22100X (S$14,000) — do not appear on the CDP CSV at all, while two SSBs on CDP — GX22120S (S$14,500) and GX22090Z (S$13,000) — do not appear on the DBS SRS page. Cause unconfirmed — do not treat any single-source total below as final until this is resolved.
Cash Balance
S$71,765.05
SRS, as at 15 Jul 2026
Equities & Bonds (DBS SRS view)
S$144,502.90
Cost S$70,207.96 · unrealised +S$74,294.94
2026 SRS Contribution
S$0.00
of S$15,300 cap — room still open
| Holding | DBS SRS page | CDP (confirmed) |
|---|---|---|
| DBS Group Holdings Ltd (1,430 units) | S$103,002.90 | — (not SGS/SSB, not on CDP export) |
| SSB GX24070S | S$10,000 | missing on CDP |
| SSB GX24010F | S$17,500 | S$20,000 — mismatch |
| SSB GX22100X | S$14,000 | missing on CDP |
| SSB GX22120S | not on DBS SRS page | S$14,500 |
| SSB GX23010Z | not on DBS SRS page | S$15,000 |
| SSB GX22090Z | not on DBS SRS page | S$13,000 |
CDP SSB face value total (confirmed complete via CSV export, 15 Jul 2026): S$62,500. Two T-bills previously shown on the DBS SRS page — BY24102W and BS24125S — are treated as closed: their display suffixes (250729, 250624) read as maturity dates of 29 Jul 2025 and 24 Jun 2025, both already past. Per Prof's instruction (15 Jul 2026), these are not being chased further — proceeds are assumed folded into the SRS cash balance above.
SRS Cash Deployment Plan — SSB vs. Amundi Prime USA Experiment
Decided 15 Jul 2026 · capital-protected vs. market-risk split, tracked head-to-head
⚠ To-Do — not yet executed as of 15 Jul 2026:
- Apply S$35,500 of SRS cash into the current/next SSB tranche (deadline 28 Jul 2026), via DBS SRS interface.
- Open/confirm SRS trading is enabled on existing POEMS account 1052959, buy S$36,000 of Amundi Prime USA Fund (0.05% expense ratio, 0% POEMS sales/platform/switching fee) using SRS as funding source.
- Transfer the remaining S$15,300 fresh 2026 SRS contribution room (cash, before 31 Dec 2026) — captures tax relief at marginal rate before it even earns interest.
- Log entry price/date for both the SSB and Amundi purchases below the day they execute.
- Revisit and compare at 12 months (~Jul 2027) and 18 months (~Jan 2028) checkpoints.
| Bucket | Amount | Vehicle | Entry Date | Entry Price/NAV | Status |
|---|---|---|---|---|---|
| Capital-protected | S$35,500 | SSB (next tranche) | pending | — | Not yet applied |
| Market risk | S$36,000 | Amundi Prime USA Fund (POEMS, SRS) | pending | — | Not yet purchased |
Lessons learned this session (15 Jul 2026): (1) POEMS brokerage/fund fees beat DBS Vickers on cost — POEMS unit trusts are 0% sales/platform/switching fee, and Prof already has an active, funded POEMS account (1052959), so no new account was needed. (2) SRS eligibility rules differ by instrument type: SGX-listed-only applies to stocks/ETFs, but SRS-approved unit trusts (e.g. Amundi Prime USA) run on a separate CPF/SRS-approved fund list and don't require SGX listing. (3) This experiment is not apples-to-apples by design — SSB is capital-protected, Amundi is market-risk — so a single 12–18mo window should be read as one data point, not a verdict on "ETFs vs SSB" generally.
POEMS Cash Plus — Account 1052959
Last updated: 19 Jun 2026 · 1:20 PM SGT · Opted In to SMART Park
UT Market Value
S$156,713
Phillip Money Mkt Fund Cl I
Cash Balance
S$16,951
Cash Plus (SMART Park)
Total Account Value
S$173,664
UT + Cash combined
| Holding | Units | NAV | Cost | Mkt Value | Unr. P/L |
|---|---|---|---|---|---|
| Phillip Money Market Fund Cl I S (534011) | 136,260.28 | 1.1501 | S$155,800 | S$156,713 | +S$913 (+0.59%) |
| Cash Plus Balance | — | — | — | S$16,951 | — |
| Total Account 1052959 | S$173,664 | +S$913 | |||
ⓘ DBS Multiplier 120-483557-8: USD74,879.73 sent to POEMS 1052959 on 28 Jun 2026 for bond deployment.
DBS Multiplier Account — 120-483557-8
Confirmed 28 Jun 2026 · SGD/USD multi-currency account
| Detail | Value |
|---|---|
| Account | DBS Multiplier Account 120-483557-8 |
| Transaction (28 Jun 2026) | Transferred USD74,879.73 out to PHILLIP USD (POEMS 1052959) — Phase 1 cash deployment executed |
| Amount transferred | USD 74,879.73 ≈ S$95,487 |
| Destination | POEMS Cash Plus 1052959 — for bond deployment at ~5% yield |
| Remaining balance | PENDING — send DBS balance screenshot to confirm residual |
✓ Phase 1 Lever 2 executed: USD74,879.73 (S$95,487) deployed to POEMS for bond purchase.
Expected income uplift: +S$4,774/yr at 5% yield.
Running total passive income estimate (post-deployment): ~S$87,597/yr.
Remaining Phase 1 gap to S$100K: ~S$12,403/yr.
Source: DBS digibank transfer confirmation · 28 Jun 2026 23:59 SGT