Business Magazine

Will We Have Enough CPF Savings to Retire on After Using It for Housing?

Posted on the 18 July 2014 by Sgyounginvestment
We all know that housing prices are much more expensive than it was 20 years ago. When my parents bought our 4 room flat, it only cost $70,000. Now, the price is as high as $350,000. A young couple who buys a new HDB flat will most likely be paying about $280,000(after subsidies) for it. If they take a loan from HDB, the monthly installment works out to be about $1100 per month. This have to be...
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