Me & My Money: Singlife CEO channels funds to where he can add value

His energies and money are better placed in the business that he is growing and building, he says

Singlife founder and group chief executive Walter de Oude, 47. ST PHOTO: JASON QUAH
New: Gift this subscriber-only story to your friends and family

Cars may be depreciating assets in Singapore and are generally regarded as a poor investment from a financial standpoint, but Singlife founder and group chief executive Walter de Oude considers his car - a 2005 Aston Martin DB9 - a great investment.

The 47-year-old South African native, who became a Singapore permanent resident in 2008, thinks that older cars in Singapore are good investments because they do not depreciate in value as much, are not as expensive to maintain as many would think and can always be resold or exported.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.