Anonymous

18 Apr 2019

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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?

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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.

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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.

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Dawn Fiona

03 Mar 2019

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

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Related Posts

I’m a single unwed mother with child 14yr old. HDB say can buy BTO 3room in non matured estate. Pls advise how to put in BTO application?

For first-timer BTO applicants, is it possible to take the CPF Housing Grants, but use cash for all loan repayments instead - which means you just take the Grant and let it sit in your CPF?

During BTO key collection, can I indicate to pay the mortgage using CPF-OA funds but repay my CPF-OA using cash every month / year? Will there still be accrued interest if I repay using cash monthly?

CPF Interest rate is reviewed quarterly, in your opinion, will CPF reduces their interest in the future? Or tag to STI making it non guaranteed?

How and where can I put my CPF's OA to some investment (super low risk type) so that HDB would not wipe out most of my OA when I buy BTO? I just wish to park the OA somewhere for a short period and put the money back soon after. Any advice please?