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Subscribe to this list via RSS Blog posts tagged in Central Provident Fund Board CPF

Older HDB flats 65% lower in price!!

Posted by Property Launch Invest on Sunday, 26 August 2018 in Property News

Are changes in HDB and CPF policies, and remarks by politicians causing a crash in the prices of older HDB flats?

I refer to the article “Owners worry older HDB flats a depreciating asset” (Sunday Times, Apr 15).

What is CPF Minimum Sum? 7 things to know

Posted by Property Launch Invest on Monday, 23 March 2015 in Property News

SINGAPORE - The National Trades Union Congress (NTUC) announced on Wednesday 15 recommendations for the ongoing review of the Central Provident Fund (CPF) system.

Among other things, it has called for greater transparency and predictability of the Minimum Sum, proposing that the Government set a 10-year Minimum Sum schedule with corresponding CPF Life monthly payout. It also called for a mid-term review of the schedule to ensure relevancy.

"In addition, any adjustment or changes should be explained to members adequately in advance, including how the Minimum Sum is calculated and CPF Life monthly payout is determined," said NTUC assistant secretary-general Cham Hui Fong.

Buying a Property – Use up CPF before it vanishes into Retirement Account at 55

Posted by Property Launch Invest on Saturday, 13 December 2014 in Property News

Buying a Property – Use up CPF before it vanishes into Retirement Account at 55

For Singaporeans, reaching 55 years old marks a major milestone from the perspective of personal financial planning.

At 55, you can withdraw a portion of your Central Provident Fund (CPF) savings.

Yes, finally after years of waiting, you can use the money locked up at CPF!

But hang on… before you start planning for your next holiday destination or researching for your second property…reaching 55 does not mean you can simply go to the CPF to withdraw any amount you want.

The CPF, Singapore’s pension scheme, has other plans for your funds.

8 Things You Should Know When Using CPF for Property

Posted by Property Launch Invest on Saturday, 30 August 2014 in Property News

Many members use CPF savings when buying a property. Before you decide on buying your dream home, we highly recommend reading "Things to look out for when buying a property using CPF" and watching "Buying a House" videos. Here’re 8 essentials you should be aware of. Please note that the information may be different if you are using CPF for multiple properties.

What the Govt does with the money that goes into the CPF

Posted by Property Launch Invest on Sunday, 17 August 2014 in Property News

The Ministry of Finance responded to queries from The Straits Times on what the Government does with the money that goes into the Central Provident Fund (CPF) and how it determines CPF interest rates, These topics have been hotly debated online following speculation that CPF monies are invested by Temasek Holdings and GIC as well as comparisons between their returns and CPF returns.

Here is MOF's reply in full.

Govt Unlikely to Remove Curbs Soon

Posted by Property Launch Invest on Monday, 02 June 2014 in Property News

Home prices are likely to fall further before the government rolls back the property cooling measures which were imposed since 2009, according to Standard Chartered in media reports.

“You would start to take away some of these measures if price growth reaches a certain level of equilibrium,” said the bank’s CEO for ASEAN, Lim Cheng Teck. However, he believes this is not the case yet.

Chesterton Singapore’s Managing Director Donald Han also holds a similar view: “It’s still too early to remove curbs. The government will monitor but their fingers won’t be pressing any buttons at this point in time.”

List of Property cooling measures by URA/MAS.

Posted by Property Launch Invest on Sunday, 27 April 2014 in Property News

Here is the full list of the 8 recent property cooling measures.

New DBS loan a big hit with HDB flat owners

Posted by Property Launch Invest on Wednesday, 11 December 2013 in Property News

[SINGAPORE] Thousands of HDB homeowners are turning to DBS Bank for a mortgage product that guarantees savings.

Those who took up a POSB HDB loan when it was launched in April could be looking at savings of as much as $1,600 by next month, calculations from DBS showed.

According to Lui Su Kian, DBS's head of deposits and secured lending, the POSB HDB loan has attracted "five times more new customers than a year ago", making up for some of the slack in the private-home loan market.

Targeted cooling measures would be more effective

Posted by Property Launch Invest on Wednesday, 11 December 2013 in Property News

Curbs such as ABSD and TDSR do not seem to have produced the desired results

Housing loans

Completed private residences

Loans granted to homes under construction

THE first part of this article last week concluded that the Singapore household balance sheet is rock solid: household net worth is increasing because household assets such as shares, CPF, currencies and savings are increasing more than household debt.

New PRs 'likely to eye private homes under $1m'

Posted by Property Launch Invest on Monday, 23 September 2013 in Property News

Private homes costing under $1 million may now draw keener interest among Singapore permanent residents (PRs) who have held their residency status for less than three years, and who are now blocked from buying HDB resale flats, property consultants say.

They added, however, that the shift to the private property segment by this group of buyers is unlikely to raise the number of private-home transactions significantly.

The HDB resale market recorded 25,094 transactions last year. The HDB said a fifth of resale flats are bought by PRs.

PROPERTY LAUNCHES & INVESTMENTS

Property Launches & Investments

Curbs such as ABSD and TDSR do not seem to have produced the desired results