Kopi Chat Da Bao with Jonathan Teoh, CEO of AN
Join us online with a cup of kopi & hear our guest speaker spill the beans on how you can monetise your retirement home
Extract experience and insights from Jonathan Teoh, CEO of AN who is passionate about social causes. Trained as an architect, Jonathan is currently working on enabling retirees to #livetheirbestlife.
Jonathan practiced as an architect for 7 years across UK and Malaysia and in 2011, he joined M+S (a company owned by Khazanah and Temasek) to help raise its two iconic integrated developments – Marina One and DUO. He subsequently led UEM Sunrise’s Branding Development department and completed a number of high-profile campaigns, collaborating with luxury brands and notable public institutions in Singapore, Australia and Malaysia.
With a heart for social causes, Jonathan had previously created an innovative arts therapy programme for stroke patients at the National Stroke Association of Malaysia and worked at The Truly Loving Company in Malaysia to create a youth engagement campaign to build brand awareness and nurture future leaders towards a more caring, purposeful and inclusive society.
Backed by NUS Enterprise and ACCESS Health International, Jonathan is currently working with industry leaders and delivery partners from Singapore’s eldercare, investment, legal and regulatory communities to address Singapore’s twin challenges of population ageing and income insecurity amongst a significant majority of seniors.
AN’s business concept centres around a sustainable property monetisation model, which enables seniors to unlock the value of their private properties by authorising institutional investors to purchase a portion of their home equity. This provides the seniors with the peace of mind of a guaranteed annuity and term payouts to supplement their retirement savings, while retaining their full rights to continue living in the comfort of their own homes for life.
We believe there is a need for a product like AN in Singapore because it is home to many 'asset-rich-cash-poor' seniors whose wealth is tied up in property and CPF, leaving them with little cash savings. Few options exist for those who own and live in private properties such as condominiums and landed homes because they are unable to qualify for government subsidies, and existing schemes such as sub-letting and downsizing may not be an ideal solution for all households. Meanwhile, equity release products that are currently available in the market have not been popular as they are often viewed as complicated and restrictive.
Learn more: www.anliving.org
Note that this a Facebook Live Event.