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Business Times
2 days ago
- Business
- Business Times
WealthBT: Crafting a lasting legacy of values over valuables
In the intricate world of legacy planning, what does legacy mean to you? Is it merely wealth distribution between the generations or is there a deeper meaning to the term 'legacy'. In the latest episode of WealthBT, a podcast of BT Correspondents by The Business Times, host Genevieve Cua conducts an insightful discussion with Christopher Tan, chief executive, Providend, for those seeking to understand how to leave a meaningful legacy. Why legacy planning matters People often consider legacy planning simply as the process of distributing assets to loved ones. However, as highlighted in this episode, legacy planning involves much more. It's about the lasting impact you wish to leave on your family and community. The podcast emphasises the need to reflect on what you want to be remembered for - beyond just material wealth. Tan illustrates this by explaining that true legacy planning encompasses your beliefs and values, not just your financial assets. Values and beliefs you want to pass on BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Both Cua and Tan agree that legacy planning is a continuous process that involves making daily life choices that align with your core values. Some practical steps include deciding what values and beliefs you want to pass on, who your beneficiaries will be, and how to manage potential issues that might arise in wealth distribution. One of the episode's highlights is its detailed exploration of common mistakes in legacy planning. Tan points out issues such as providing too much too soon to children, which can create dependency and entitlement. Another mistake is the reluctance to talk openly about wealth with children, resulting in misunderstandings after parents pass away. In the podcast he makes some suggestions to avoid future conflicts. Significance of a Letter of Wishes A notable strategy discussed in the podcast is the use of a Letter of Wishes, which adds personal context and guidance to formal legal documents like wills and trusts. This letter can clarify the reasoning behind specific bequests and express the values you hope will guide future generations. Tan emphasises that this letter is crucial for helping trustees and executors make discretionary decisions aligned with your wishes. The episode also covers how parents can prepare their children to inherit wealth responsibly. His recommendations in this part of the podcast is key listening for someone wanting to ensure understanding of intentions. Listen now to the episode as it offers a comprehensive guide to thinking beyond financial assets. Addressing common pitfalls, offering insights into the importance of values in wealth transfer, and provides strategies to prepare the next generation. WealthBT is a podcast of BT Correspondents. Look out for the next episode featuring correspondent Derryn Wong. And if you have any thoughts or questions, feel free to reach out to us at btpodcasts@ --- Written and hosted by: Genevieve Cua (gen@ With Christopher Tan, chief executive officer, Providend Edited by: Emily Liu & Claressa Monteiro Produced by: Genevieve Cua, Emily Liu & Chai Pei Chieh A podcast by BT Podcasts, The Business Times, SPH Media --- Follow BT Correspondents: Channel: Amazon: Apple Podcasts: Spotify: YouTube Music: Website: Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party's products and services. Please consult professional advisors for independent advice. --- Discover more BT podcast series: BT Money Hacks: BT Podcasts: BT Market Focus: BT Branded Podcasts: BT Lens On:
Business Times
26-05-2025
- Business
- Business Times
PropertyBT: Stability and growth in Singapore's dynamic property market
In the latest episode of PropertyBT, a podcast of BT Correspondents by The Business Times, senior correspondent Leslie Yee speaks with Wong Xian Yang, head of research for Singapore and South-east Asia at Cushman & Wakefield to gain insight into current real estate trends in Singapore. They discuss how the GE2025 results could impact the local economy and property sector, making this episode a must-listen for investors and property enthusiasts. Setting the stage Yee begins the episode with the socio-political context of Singapore, post-GE2025. Prime Minister Lawrence Wong led the People's Action Party (PAP) to a decisive victory and he is now looking at how this political stability can bolster business confidence. Wong then provides an optimistic yet cautious outlook on Singapore's economy amidst global trade uncertainties, posing critical questions: Can office and industrial properties in Singapore remain resilient? What are the implications of the intense US-China trade rivalry? These compelling questions in the podcast, provide informative and highly relevant answers for understanding the evolving landscape. Assess different property sectors A NEWSLETTER FOR YOU Tuesday, 12 pm Property Insights Get an exclusive analysis of real estate and property news in Singapore and beyond. Sign Up Sign Up Learn about the varying impacts on the commercial, industrial, and logistics sectors. During economic downturns, why do some sectors perform better? Wong shares crucial insights from past crises, revealing trends that can guide your investment decisions. He points out that Singapore's competitive edge remains a key focus. Despite regional and global challenges, Wong argues that Singapore continues to attract businesses due to its strategic location, robust infrastructure, skilled labour pool, and extensive free trade agreements. Singapore's office market Wong's comprehensive perspective can help property stakeholders make informed decisions about setting up or expanding their operations in Singapore. What does the future hold for Singapore's office market? In the podcast Wong talks about the current leasing momentum and market resilience. The pair then discuss both the opportunities and challenges, offering a nuanced view that highlights the resilient demand and limited new supply, especially in CBD Grade-A office spaces. Regional investment Wong provides insights into potential benefits and risks, helping listeners grasp the complexities of regional economic ties. The podcast also delves into the critical topic of industrial and logistics properties facing trade tariff impacts. Commenting on rental performance, leasing activities, and supply chain diversification, Wong then offers a data-driven look into what lies ahead for these asset classes. Listen now to gain insight into Wong Xian Yang's assessment which reveals why Singapore remains a safe haven for investments. PropertyBT is a podcast of BT Correspondents. Look out for the next episode featuring senior correspondent Ben Paul. And if you have any thoughts or questions, feel free to reach out to us at btpodcasts@ --- Written and hosted by: Leslie Yee (lyee@ With Wong Xian Yang, head of research Singapore and South-east Asia, Cushman & Wakefield Edited by: Emily Liu & Claressa Monteiro Produced by: Leslie Yee, Emily Liu & Chai Pei Chieh A podcast by BT Podcasts, The Business Times, SPH Media --- Follow BT Correspondents: Channel: Amazon: Apple Podcasts: Spotify: YouTube Music: Website: Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party's products and services. Please consult professional advisors for independent advice. --- Discover more BT podcast series: BT Money Hacks: BT Podcasts: BT Market Focus: BT Branded Podcasts: BT Lens On:
Business Times
28-04-2025
- Business
- Business Times
The Teo family's real estate legacy
In the latest episode of PropertyBT by The Business Times, a podcast of BT Correspondents, you are treated to an insightful conversation hosted by Leslie Yee, senior correspondent and Rachel Teo, director of Daniel Teo group of companies and a third-generation leader. This episode is a treasure trove of insights into Singapore's real estate market and is especially valuable for those interested in property investment and the dynamics of family-run businesses. A family history The foresight that some Singaporean families had in the early days of property development. He mentions how the Teo family, particularly through the efforts of Teo brothers Thye Chor and Thye Hong, started accumulating land in the 1950s. This move capitalised on post-World War II rebuilding efforts in Singapore, laying the foundation for the family's extensive real estate empire. Teo, the director of Daniel Teo group of companies and a third-generation leader, provides a personal glimpse into her experiences growing up in a family deeply entrenched in the real estate business. Her recounting of childhood memories, such as being taken on property site visits by her grandfather and father, brings a human element to the story. Passion for investments Teo candidly shares her journey, including the decision to join the family business instead of pursuing architecture due to her grades. Her passion for real estate and her eventual influence on the family's investment portfolio make for compelling listening. A NEWSLETTER FOR YOU Tuesday, 12 pm Property Insights Get an exclusive analysis of real estate and property news in Singapore and beyond. Sign Up Sign Up One standout portion of the podcast is when Teo discusses co-founding Fraxtor, a real estate investment platform. She and her co-founder launched Fraxtor to make global real estate investment accessible to investors with smaller capital. Challenges of business Teo provides insights into the complexities and opportunities in this space and highlights the innovative nature of modern real estate investment, making it a must-listen for potential investors. She opens up about the unique challenges and strategies and shares her thoughts on property taxes, inheritance tax, and how macroeconomic factors influence these areas. Additionally, her perspective on the potential of the luxury retirement housing market in Singapore offers valuable ideas for anyone considering venturing into this niche. Legacy of the Teo family Their discussion then turns to the Teo family's contributions to the community. Teo talks about 'The Private Museum,' a family initiative aimed at supporting the arts and preserving heritage properties. This part of the podcast underscores the role of corporate social responsibility in the real estate sector, showing that profit and philanthropy can go hand in hand. Perhaps one of the most intriguing parts of the episode is her thoughts on the future of senior living spaces in Singapore. The pair then turn to the challenges of high land and construction costs, and the need for a collaborative approach with government and private sectors. Listen now to the podcast which is packed with valuable information and insights into Singapore's real estate market. Teo's unique perspective as a third-generation leader in a prominent real estate family, provides interesting insights for anyone who is thinking of property as a wealth building family legacy. For more episodes, go to and if you have feedback or an episode idea, please get in touch at btpodcasts@ --- Written and hosted by: Leslie Yee (lyee@ With Rachel Teo, third-generation property leader Edited by: Emily Liu & Claressa Monteiro Produced by: Leslie Yee, Emily Liu & Chai Pei Chieh A podcast by BT Podcasts, The Business Times, SPH Media --- Follow BT Correspondents: Channel: Amazon: Apple Podcasts: Spotify: YouTube Music: Website: Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party's products and services. Please consult professional advisors for independent advice. --- Discover more BT podcast series: BT Money Hacks: BT Podcasts: BT Market Focus: BT Branded Podcasts: BT Lens On:
