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Hi Gurus,
I have a financial question to ask.

My basic salary is 6000 and my SA and MA already maxed out, and i have 1800 going to my OA monthly.

Right now, i have 2 options when i purchase my condo. Assuming that I will sell the condo 10 years later;

First choice I'm going to use cash to pay my monthly condo installment for the next 10 years
If I use 1st choice, i m using lots of cash monthly.

Second choice, i m going to use OA to pay my monthly condo installment for the next 10 years
If I use 2nd choice, i m losing OA + compound interest for the next 10 years.

Which one is the wiser choice and can you please break down the delta between the 2 choice?

Thanks
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1 Answer

Taufik Hussein
Replied
Hi

This is a difficult question to answer just by using this platform. There are pros and cons to both options depending on your profile eg financial circumstances, future housing plans eg upgrading or downgrading and your age in 10 years time. Many buyers just look at the cash portion when making a decision but failed to realise the CPF portion is also part of your retirement funds that can be put to good use once you reach 55 years old. I do provide free and non obligatory discussions on regards to property transactions in Singapore. Do contact me at 93375501  for a detailed discussions in this.

Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More
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