facebookWith all the talks about CPF and it's compounding interest, am I right to forgo the possibility of a BTO in a mature estate and buy a BTO in a non mature estate to maximise my grant and reduce OA usage? - Seedly

Advertisement

Anonymous

18 Apr 2019

Events

With all the talks about CPF and it's compounding interest, am I right to forgo the possibility of a BTO in a mature estate and buy a BTO in a non mature estate to maximise my grant and reduce OA usage?

Discussion (3)

What are your thoughts?

Learn how to style your text

Jim Tay

05 Mar 2019

Director at Jimtay.com

It's a complex question with no straightforward answer. The upsides of having a house in a mature estate is possibly much more than the costs of the additional CPF interest.

I would advise to most importantly not overstretch your finances especially for a first home.

Upgrade later as necessary.

Loo Cheng Chuan

05 Mar 2019

Founder at 1M65 Movement

It is a complex question for your first house. Proximity to parents, Affordability, income, family size. I would suggest thinking Thru all these as a package Before deciding.

Depends on your objective with your house purchase. Buying a house is not just down to the quantitat...

Write your thoughts

Advertisement