Daily Briefing: Not all HDBs are for SERS; Finance tips from Budget 2017

And find out more about Singapore Deposit Insurance Corporation.

From PropertyGuru via Yahoo: The vast majority of HDB flats will see their leases run out, with the flats returned to the government. Do not assume that all old HDB flats are automatically eligible for the Selective En bloc Redevelopment Scheme (SERS), cautioned National Development Minister Lawrence Wong in a blog post last Friday (24 March). His warning comes following a Lianhe Zaobao article about some buyers forking out high prices for older flats in anticipation of reaping the benefits of SERS.

From Money Smart via Yahoo: Singapore is most decidedly not a welfare state. Social spending has increased considerably in recent years, including the introduction of the Workfare Income Supplement scheme and the Workfare Training Support scheme since 2007 and 2010 respectively. But principles of self-help, family support, as well as community involvement remain. This overall approach ensures that public funds can be effectively targeted.

From DollarsAndSense.sg via Yahoo: For those who have never heard about Singapore Deposit Insurance Corporation (SDIC), they are basically the entity that has been tasked to provide what is commonly known around the world as a deposit insurance scheme. That is, a scheme that helps prevent a bank run during uncertain times where people decides to queue up at the bank and withdraw their savings simply because they think their money in the bank is no longer safe.

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