Those who are against accrued interest on amount taken out of CPF must understand that the primary purpose of CPF is for retirement. The accrued interest is amount that your CPF would have grown to had you not used your CPF housing.
CPF gave the concession to use CPF for housing but it must not deplete the amount of CPF for retirement. If you have met the retirement sum, there is no need to return the accrued if you are age 55 and above. If you are against accrued interest, then don't ever use CPF for housing.
I suggest the whole proceed (in proportion to used) from sale of flat be returned to CPF and forget the idea of accrued interest in this way, just like when you use CPF money to buy share.
Fragrance Group boss James Koh has bought a bungalow in the Caldecott Hill Good Class Bungalow (GCB) area for S$24.8 million. Located along Lornie Road, the freehold land area spans 25,271 sq ft. This translates to a price psf of S$981. The Business Times quoted SRI co-founder Bruce Lye, who brokered the deal, that it...
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Listed by the URA as one of Singapore’s characterful Identity Nodes — areas with unique identities worthy of preservation — unlike so much of this city-state, Holland Village wasn’t carefully and strategically planned. Instead, its charm lies in the fact that it organically developed over the last 90 years. Shops and housing first sprang up...
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When Beatrice first started as a real estate agent, she would go door-knocking from 7 pm to 10 pm, only to be met with doors slamming. Despite facing countless rejections, she did not let failure hold her back. Beatrice knew the potential in real estate and went on to pursue and eventually attained her RES...
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Refinancing your HDB loan to bank loan can help you save costs, especially since interest rates are much lower (1.4% to 1.8%). Here’s everything you need to know. For more, seek expert advice from PropertyGuru Finance!
It is tricky to get an enbloc as the open air carpark belongs to URA. The private apartment owners have to purchase the land before an enbloc can be carried out.
It’s common knowledge that, when an HDB owner buys a condo unit, they have to fork out an Additional Buyer’s Stamp Duty (ABSD) when purchasing a second property. Even if the HDB owner is an upgrader who intends to sell the flat and keep only one property, the ABSD must still be paid within 14...
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So many people misunderstood the CPF system … Which is rather sad. It is one of the best retirement system in the world and makes one responsible for his or her retirement and not kicking down the can down the road.
A committee need to be set up and really rally to get all this flats enbloc and built nicer flats. I mean we will be having lots of tourist coming and going and this blocks don’t really mix well with what’s going to happen after the port are moved out.
Nice things are going to happen in the port area and government need to revamp it and give a nice nice back drop
Property in Singapore is a prized asset be it for your own stay or as an investment, but there’s no such thing as a free lunch! Owners have to pay their share of property tax in Singapore every year, and the amount of tax depends on whether the property is owner-occupied, rented out or vacant....
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