Asked by Anonymous
Asked on 03 Dec 2019
What is a good amount to have in your CPF before purchasing a property? should i use the CPF money or other means to pay for the property?
It depends on your own financial plan...
It depends on your cashflow and how you intend to use it. This is because there are people who prefers to use CPF for hosuse while there are others who prefers to use cash.
In any case, plan with the future in mind - understand the type of property that you will want to get and its associated cost. From there, work backwards to derive at a comfortable amount that you need to set aside for your house.
In general, if I intend to sell my house, I will prefer to use cash to prevent accrued interest over time.
Here is everything about me and what I do best.