Does this means HDB loans interest will go up?
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government is reviewing the CPF interest rates
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In fact, the PAP government will simplify pricing of HDB flat; $12k for 2-room flat, $20k for 3-room flat, $50k for 4-room flat and $100k for 5-room flat. Add $20k for mature estates.
PAP is going to give and give until after the election.
PAP is going to give and give until after the election.
The complexity is PAP created. They need the CPF money to generate returns for the government.
The solution is simple if the government is sincere in wanting to help sinkees retire comfortably. There are two option:
1. Turn the CPF scheme into a pension or
2. Put the CPF money into an S&P etf and all the returns less 0.05 percent goes back to the account holder.
The solution is simple if the government is sincere in wanting to help sinkees retire comfortably. There are two option:
1. Turn the CPF scheme into a pension or
2. Put the CPF money into an S&P etf and all the returns less 0.05 percent goes back to the account holder.
Does it matter? You're getting ripped off anyway when you purchase a HDB flat.
Ever seen one of the new claustrophobia-inducing 'shrink water' new flats? It's not unlike a hawker stall sneakily giving less ingredients for the same or higher price.
Review does not mean will be revised up.
It can be revised down too.
If the basis of inflation calculation is changed resulting in a lower inflation rate, then interest rate for CPF will be revised lower. This is always this possibility.
Do take note.
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