Asked by Anonymous
Better returns investments? I am willing to take up to high-middle risks, aged around late 30s to 50s. No dependants.
Using your CPF for housing will deplete your cash proceeds from the sale of your flat in future.
Sale proceeds = Sale price - outstanding loan - CPF used - CPF accrued interest
The more CPF you use, the less cash you receive = more money locked up in CPF.
Therefore unless you are sure that you will be staying in this flat for the rest of your life, it is more advisable to not use it for housing wherever possible.
Feel free to contact me for more information.
Your bank interest rate is still low.
Leave your CPF in your OA, and take the cash to invest :)
Using your CPF to pay off your bank loan is not advisable, unless you are really cash tight.
Think about the difference between the bank interest rate va the return rates of the OA or SA. There would be an arbitrage opportunity if you take the loan and put money in SA.