January 6, 2022

What originally started as an entertainment pastime during the Covid-19 circuit breaker period in 2020 became a reality for this young couple. Upset at being separated for a prolonged period, Wesley Foong and Angelina Poon, 26, decided to occupy themselves and take their minds off being apart by looking at houses together through Zoom virtual...

The post Millennial sweethearts found 5-room dream resale HDB after two failed BTO applications appeared first on 99.co.

Information is helpful . Will check my CPF acc and do monthly refund . Do I pay down the interests first or principal amount ?

38 HDB resale flats were sold for at least S$1 million in December 2021, according to 99.co and SRX Flash Report on the HDB resale market for last month. This figure surpassed the previous record of 29 million-dollar flats sold in November 2021. The report also noted that these flats made up 1.6% of the...

The post Monthly record of million-dollar flat transactions broken again in December 2021 appeared first on 99.co.

So what does cpf do when the owners do not have enough moneysmart to return? So don't need to return? Then that's a loophole.

CPF is for Retirement ..rule number 1. Any amount taken out for Housing muz b put back + interest... rule number 2 STOP The CPF abuse ... effectively with rule 1 n 2. Retires with CPF saving with your hard earned saving honorably n with pride.

Thats because when you allow Public Housing to raise till like there is no tomorrow, you are actually robbing the people CPF. The HDB should justify their BTO housing price tags and be transparent about it.

I'm considering myself as mid class and the few lucky ones with no debts. HDB fully paid and own another property. Life is bless for me. But Im worry and fear for the future of SG. The worry for my children and the next generation. The high cost of HDB flats,( easily 600k and above for new) the competition for jobs and University. I don't want my children to be in the rat race, slave to mortgage loan. A milking cow working for the gov or society. Our quality of MPs just sucks and can't compared with the 1st gen of old guards and the list goes on... But before we can complain more, do understand there's no perfect country and government. There's always a trade off and can't have best of both world. Yes, sg flats are expensive. But most of us have a home or shelter over our head. (Try compare to our neighbouring country Thai,info,Viet,phill, JB and worse HK) SG is a small country with no natural resources and it's getting hard to be in the game especially when neighbouring countries are slowing catching up. Sg may not be the best place for our next future generations maybe 20-30 years from now. My advice for my kids would be to ask them to venture the world ( studying/ working/ business) most likely my future generation would not be here to stay for good.

Home isn’t just where the heart is. In Singapore, home is also where the money is. Many people pour all their money into their properties, signing up for massive loans...

The post 2 Things to Consider When Buying an Old HDB Resale Flat appeared first on MoneySmart.sg.

and why retirement account cant be use to buy hdb the cpf that you people automatic trsf it to RA,seems like we are your children after 65 you give as back our pocket money every month,I dont know I can live longer to feel the money so why not l pay all the RA money for my BTO that's my retire home too

Maybe 99.co can correct my interpretation if I am wrong. The accrued interest is not the amount being paid to CPF nor HDB and disappear. It is mentioned in the article that "On the other hand, if the property was sold at a market price, after paying off the outstanding loan, if the remaining balance is less than the amount of CPF savings to be returned, they would not have to top up the difference in cash." So it should not be considered as debt. It is the additional amount that should had been parked into my CPF account after house sales. This can be withdrawn by cash at 55 under their terms and conditions fulfilled, or given back to me for retirement as CPF Life Payout, or given to my beneficiary when I die. Is my understanding correct?