Anonymous
How much CPF monies should you accumulate before purchasing a property?
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?
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Pang Zhe Liang
03 Dec 2019
Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)
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.
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