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Goalpost shifted for CPF again

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Old 09-05-2019, 11:42 PM   #1
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Goalpost shifted for CPF again

Casually announced today -

https://www.channelnewsasia.com/news...-home-11518170

"There will also be changes to the CPF withdrawal rules after age 55.

CPF members who want to withdraw their CPF savings above the Basic Retirement Sum will need to have a property with a remaining lease to cover them until at least age 95."

That's why some people say (in their opinion) CPF is not your $$.
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Old 09-05-2019, 11:45 PM   #2
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Already pre empt

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Old 09-05-2019, 11:46 PM   #3
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I don't understand how this work, can someone explain? How come the CNA article mentioned 'As long as the remaining lease covers the youngest buyer to the age of 95, home buyers will now be eligible to take an HDB housing loan of up to the full 90 per cent Loan-to-Value (LTV) limit. This is even if the flat has less than 60 years left on its lease'


What this mean? Very confusing leh
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Old 09-05-2019, 11:48 PM   #4
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Is there any minister who can explain all the functions of cpf and its rules? If not.. means?
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Old 09-05-2019, 11:53 PM   #5
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so casual

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Old 09-05-2019, 11:54 PM   #6
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I don't understand how this work, can someone explain? How come the CNA article mentioned 'As long as the remaining lease covers the youngest buyer to the age of 95, home buyers will now be eligible to take an HDB housing loan of up to the full 90 per cent Loan-to-Value (LTV) limit. This is even if the flat has less than 60 years left on its lease'


What this mean? Very confusing leh
I am also confused...
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Old 09-05-2019, 11:55 PM   #7
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Casually shift goalpost. No need to even debate in Parliament. Just bulldoze through.

Pap jin satki.
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Old 09-05-2019, 11:55 PM   #8
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Whos property cannot cover till age 95? Those living under parents one isit

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Old 09-05-2019, 11:55 PM   #9
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I don't understand how this work, can someone explain? How come the CNA article mentioned 'As long as the remaining lease covers the youngest buyer to the age of 95, home buyers will now be eligible to take an HDB housing loan of up to the full 90 per cent Loan-to-Value (LTV) limit. This is even if the flat has less than 60 years left on its lease'


What this mean? Very confusing leh
Nobody knows except them. They always make confusing statements to confuse citizens.
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Old 09-05-2019, 11:55 PM   #10
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Ignore all the HDB changes.. just read this line -

"CPF members who want to withdraw their CPF savings above the Basic Retirement Sum will need to have a property with a remaining lease to cover them until at least age 95."

HDB /= CPF
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Old 09-05-2019, 11:56 PM   #11
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I don't understand how this work, can someone explain? How come the CNA article mentioned 'As long as the remaining lease covers the youngest buyer to the age of 95, home buyers will now be eligible to take an HDB housing loan of up to the full 90 per cent Loan-to-Value (LTV) limit. This is even if the flat has less than 60 years left on its lease'


What this mean? Very confusing leh
I think particle physics is much more easier to understand than cpf rules now.
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Old 09-05-2019, 11:58 PM   #12
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i think they foresee HDB prices for those less than 20 years remaining to drop until dirt cheap, therefore those near 55 years will buy lasting them to 75 years so that they do not need to keep high minimum sum in RA.
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Old 09-05-2019, 11:59 PM   #13
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Bo chap

Every year change policy

If follow every year can becum phd in CPF

Rem CPF is notch your money
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Old 10-05-2019, 12:01 AM   #14
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CPF members who want to withdraw their CPF savings above the Basic Retirement Sum will need to have a property with a remaining lease to cover them until at least age 95."
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Old 10-05-2019, 12:03 AM   #15
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I don't see the problem. Currently the rule is must have lease of at least 30 years to withdraw anything above BRS. This one just prevents younger couples to whack old HDBs with lesser lease like 30 yo go buy a left 60 yo lease.
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