Age: 34
Single Income: 135K/Yr
Job: Regional Sales Manager

Car loan: 25K (left with 2YRS loan)
Car worth: 60K
HDB EA: Bought 340K (Worth $550K)
HDB loan: 120K (another 12 years to clear)
Savings : Only $20K
CPF: $40K combined
Business Partnership in China: Invested $50K in 2009. NO actual return yet but expected to get my 1st $20K return of profit for 2010. 2011 forecasted profit is $50K

Wife is not working & with 2 Kids. Fixed expenses for house & kids -$3K/mth

Advise please