HDB REsales price

[Joseph22]

but if u use it to buy shares, your opp cost is no longer 0.1% as the amount is out of your CPF and not earning the OA interest.

it become 2.4% because you loan from it

[Animian]

it become 2.4% because you loan from it

 

then might as well pay loan lolz

[BlueOldMan]

you haben reached min sum har ? that;s why cannot take cpf loan for 2nd property ?

 

There's a rule that half of the profit from my current has to go to new flat so with cpf oreadi covered the full sum of next flat

 

Still tot can see some cash if can take loan again

[Animian]

There's a rule that half of the profit from my current has to go to new flat so with cpf oreadi covered the full sum of next flat

 

Still tot can see some cash if can take loan again

 

wah got such rule

[Othello]

There's a rule that half of the profit from my current has to go to new flat so with cpf oreadi covered the full sum of next flat

 

Still tot can see some cash if can take loan again

 

that is if you take CPF loan IIRC. Take bank loan dun need. check with your fav agent

 

[Raymondism]

wah 300k EA pay off in less than 5 yrs

 

1 million condo pay off in less than 15 yrs

 

very affordable

 

 

 

300k to pay off in 5 yrs is not difficult..

most pple will have a sizeable amount CPF to start with

[Kangadrool]

300k to pay off in 5 yrs is not difficult..

most pple will have a sizeable amount CPF to start with

 

That's the problem!

 

CPF is meant mainly for retirement, but somehow along the way, people minds get muddled and start exploring ways to utilise it and justify the sky high prices of subsidised housing.

[BlueOldMan]

that is if you take CPF loan IIRC. Take bank loan dun need. check with your fav agent

 

That's wat the hdb gal told me half the profit must go into nex flat

But if it's only apply to hdb loan then I will talk to a bank loan when nearer

Tks

 

But if jus pay with profit n cpf then no loan oso ok as I see still will get some balance cash

[Raymondism]

That's the problem!

 

CPF is meant mainly for retirement, but somehow along the way, people minds get muddled and start exploring ways to utilise it and justify the sky high prices of subsidised housing.

 

 

tats why get a small flat and clear off fast

then can start to save up on CPF again

[Scholesy]

it become 2.4% because you loan from it

 

haha no la...its 2.6%. means u loan 2.6% to buy shares.

[Roh96]

300k to pay off in 5 yrs is not difficult..

most pple will have a sizeable amount CPF to start with

 

Am I missing something?

 

Assuming one couple start working at 25, CPF starts from zero.

 

Assuming max CPF contribution from day 1, the max CPF contribution to OA is $2K/mth.

 

To pay off 300K loan without using cash, the couple have to work 150 months, or equal to 12.5 yrs.

 

 

[Kangadrool]

tats why get a small flat and clear off fast

then can start to save up on CPF again

 

but many people are paranoid that they will not be able to use their hard earned money. Plonking it in housing is the next natural step most people will do.

[BlueOldMan]

wah got such rule

 

Yup first I heard from my sil cos she divcorved n sold off her 269 flat

She kept her cash profit till she booked same plc as my new flat

Since she is one part, she got to put half of wat she get into new flat

But but she's on hdb loan like the other bro mention which I need to chk on my case if take bank I can keep all my cash profit

I might consider if the rate is nice

[Freestylers09]

Am I missing something?

 

Assuming one couple start working at 25, CPF starts from zero.

 

Assuming max CPF contribution from day 1, the max CPF contribution to OA is $2K/mth.

 

To pay off 300K loan without using cash, the couple have to work 150 months, or equal to 12.5 yrs.

 

12 yrs/2 each 6yr

[Roh96]

12 yrs/2 each 6yr

 

Eh sala lah. 12 yrs of combined effort.

[Sg2303]

Am I missing something?

 

Assuming one couple start working at 25, CPF starts from zero.

 

Assuming max CPF contribution from day 1, the max CPF contribution to OA is $2K/mth.

 

To pay off 300K loan without using cash, the couple have to work 150 months, or equal to 12.5 yrs.

 

You forgot bonus. Bonus also have CPF contribution.

 

Assuming contribution from bonus is 3k/pax on average, every year will have $30000 in OA account.

 

So should need only 10 years only.

Edited August 6, 2013 by Sg2303

[BlueOldMan]

Am I missing something?

 

Assuming one couple start working at 25, CPF starts from zero.

 

Assuming max CPF contribution from day 1, the max CPF contribution to OA is $2K/mth.

 

To pay off 300K loan without using cash, the couple have to work 150 months, or equal to 12.5 yrs.

 

Mine is ard 200, need 10 yrs to pay off

2 more years to go!

[Animian]

Am I missing something?

 

Assuming one couple start working at 25, CPF starts from zero.

 

Assuming max CPF contribution from day 1, the max CPF contribution to OA is $2K/mth.

 

To pay off 300K loan without using cash, the couple have to work 150 months, or equal to 12.5 yrs.

 

that is the thing...why start work at 25 ? not everyone get to go Uni and can start to get into workforce early and start the cpf accumulation early ...and dun forget got bonus and employer portion to up the amount also like mentioned earlier need to top up cash too

 

That's the problem!

 

CPF is meant mainly for retirement, but somehow along the way, people minds get muddled and start exploring ways to utilise it and justify the sky high prices of subsidised housing.

 

it is a gamble...you dun use for housing and leave it inside and all you get is 2+% interest annually...do you think that is even enuff for your retirement