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Old 19-09-2018, 12:55 PM   #1
catlover24
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Join Date: Jul 2017
Posts: 312
BEWARE: CPF Accrued Interest

https://www.99.co/blog/singapore/hdb-sale-proceeds-cpf/

If you buy a resale HDB flat today and take a CPF Family Grant of $50,000 for your purchase, your principal plus accrued interest on this grant amount alone would be $107,991.81 after 30 years more than double of the grant amount you originally took!
There's a chart in the article that shows the effects of CPF Accrued Interest too, quite shocking.

So, if you're confident your property will appreciate, the lesson is to avoid grants and pay mortgage installments using CASH intead?
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