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You're right, CPF SA is not really "risk free" since there is actually policy change risk! Haizzz. But I think, property purchase can also be even more risky. So, good to balance both type of investment lah hor. My personal opinion! Btw, the CPF SA is closed for only members above 55. Those under 55 will still have their SA, which earns 4% p.a. "risk free" until age 55. You invest in REITs and blue chip also get dividend around 4-5% only, ditto T-bills. Important to diversify in this day and age.
There are investment options other than property that generate higher than 4-5% pa, for example, investing in S&P500 long term will generate 8% pa. Just an example.
@@user-mu7sh2gu4h oh, you can also earn a lot from property (capital appreciation + rental). Frankly, I prefer property compared to investing in the S&P500. It's more stable investment over the long term. (I'm talking about Singapore property, not Malaysia property).
Using oa for property will incur accrued interest that we hv to return upon selling the property ... which can b a lot ... n was told unless I dun sell the property, then no nd to pay bck the accrued interest but tat will mean till the day I pass on, I can't sell the property to buy a "better one" using cpf oa hence all these money used for property can only be passed on to my kids since they dun hv to pay back the accrued interest to my cpf account when they sell the property inherited since I m gone and no more cpf account. I was told as a result of this accrued interest payback, it is better to not use too much cpf oa to buy property. Yr view?
Don’t expect free lunch from CPF. If SA can be close; OA and RA can also be adjusted so to keep you from reaching your own money. Leave everything in OA. Period.
Loo 1M65 is just a one trick pony.. CPF maxing out contribution.. his financial advices are generally quite misleading and terrible for newbies.. just one of those 'gurus'.
house always wins. Locking away hard earned money, never to be seen again, in return for trickle monthly.. better ensure one lives past 120yrs to make it worthwhile..
very true !! lastly ! is not gov playing around too, they have to make adjustments for all circumstances that change ! is our role to balance the portfolio , dun throw all money into one pot :)
SA can only top up to current FRS. I dont think 1M65 have 1MM in SA... So the calculated returns are optimistic inflated. The 1.5% diff is a lot lesser than what it seemed. So I am pretty confused why people get "angry".. 😅
Investing in property does NOT guarantee a return in excess of 4% and it is also exposed to policy risk. The advantage of property investment is the ability to leverage to enhance return. But leverage can work both ways.
totally agree with you sir. nothing is risk free...moreover...we all already should know that garment always can change the tnc for cpf...not the first and wont be last in this case. They change your minimum sum how many times liao?Wa lao...this SA change...frankly no surprise. but thanks for the sharing...just need to remember to be prudent since you are playing ball in 'other people's' court...though knn that is still your money! LOL the irony of things
also...ya..dont blame people for your own fault..very right..these youtuber never force u or point gun at you to follow them what...u kids meh?milk spill liao want to cry foul..walao ehhh
Hi, Some curious questions to ask. I'm quite new to your channel and is still are trying to catch up your old videos. For people who are single and wants to buy condo. 1) how much cash and cpf OA should we have separately to afford one? 2) what is the recommended salary range to get afford or get loan? Your reply to my questions is appreciated. Thank yoy Mr Huat kueh
Lol anything that is within SG (SG property, CPF etc.) has policy risk lah....what if next time gov says married couple cannot decouple even to buy 2 separate private properties leh? then u are screwed also....Anyway, this is an opportunity for ppl after 55 to invest in property (if they want) since with the SA closure, all excess monies above FRS will be transferred to OA which they can use for property investment...& don't forget, if someone had hit FRS when he /she was 30 & let it compound for 25 years with 4.08%, then there is a sizeable amount of excess funds above FRS that will transfer to OA for property use once he / she turns 55 So stop with the divisiveness of Team Huat Kueh vs Team 1M65; instead let us all HUAT TOGETHER!!! Thanks
Heng ah. i did not transfer😊 . I wanted to tsf a few years back. God bless me!! In the end i buy property instead. Heng ah. Sometimes have to use brain and think and not just hear govt say😂Gov will of coz 卖花赞花香😅 Aniway be responsible in ur own decision. 🎉
Critical thinking for young adults: This guy is a property agent. So every property you buy from him, he earns a commission, so transferring OA to SA affects his ricebowl because he has less income. SA closing at 55 years old does not affect the use of SA as a 4% savings account till 55 years old. In fact, by transferring OA to SA from 35 - 55 years old. You have 20 years to save 1.5% compounded interest more so you can withdraw much more money out at 55 years old. Compared that to buying property and locking your OA monies AND accrued interest up in the property, praying in 20 years you can sell your property for a profit after covering the CPF refunds/accrued interest/levies/ABSD. So please think carefully!
@@savvyericchiew I transfer my OA to SA because I fully paid up my property already. I intend to withdraw out the extra cash, less FRS, at 55 years old, so SA closure does not affect me. I'm not pumping my additional cash to CPF, better investments out there to grow but I think OA sitting in OA is waste of opportunity since it can be grown at 4%. If I go buy a 2nd property, I need to pay 20% ABSD which is in current environment means I probably can't buy any condos, even those super small and pointless studio shoeboxes.
For the younger generation,, use CPF strictly for retirement, I understand top up CPF with $8k is to lower yr taxes, absorb that n invest outside CPF, , you can get better interest n it’s liquid n you control your money in the end,why let the government control it?
Vietnam , Bali , UK properties generate negative returns after currencies conversion due to depreciation! Properties value also drop ! Overseas properties are suitable for own stay than investment unless you have many millions to spare for the games😂
Many so Call Guru advocates to attend classes , set up investment companies and buy local and foreign properties or industrial properties and partition into offices and rent out secretly . They contravene the URA,/ SLA/JTC rules and risk fine $200,000 for illegal conversion used of 40%_60% rules usage ! 😅
Sometimes it is always to be wise to be more prudent. We should spread our risks instead of putting all eggs into the basket. Although I watch the two chap channels, they seems nice to share. Like what you say, guys be responsible for your own actions. I also invest my OA in both property and shares. All doing great. Looking forward Eric to share more great content. Huat more....
Oh. U spelled out 1m65 fans the reason they upset about gone of SA 4%.. U are the only one in 3 days time mentioned total of 2% of cpf members 4.5m in 2023 = 90k peoples were tx from sa to cpfis before age 55 and then tx back to sa after 6 months. If 90k members with avg of $100k in sa, then ,govt will save the 1.5% about $135 millions yearly without compounding yet Very informative ...😊
Yes , I am 55 years old in March 2024. I will use my 400k OA and SA to give to my son to buy his first property at 24 years old......and not enough, I will give him my 600k savings ..... to buy a 1.4 mil property .... it should be new launch because don't need take out full loan yet ... believe many people will take out their CPF MONEY TO BUY Singapore PROPERTIES too singapore properties won't drop one..... right?
@@savvyericchiew you are so much richer than us lol .... I can only help one son to realise his dreams to own a unit, ... I still have a doc daughter and another younger son to care for,
@@savvyericchiew Not really, when I give my money away, I will have less and I will willing to work another10 years to earn 1 mil dollars for retirement... motivation factor to continue working.....and singapore property is a forced savings ....
I wonder where have you heard this info “OA money amount used for property can be limited also” from? Property risk usually are external risk and if that really happens, everything else is affected too.
@@wynn8888 I didn't hear it for anywhere. It's just an example of how Govt can tweak their policy. The have limits set for CPF OA usage on Stocks & Gold. They could set the same for Private properties if they wanted to. We never know.
@@thureinoo that’s why u don’t let the government control your money…invest outside CPF to get better returns , forget the top up just to save taxes. Treat CPF strictly as a retirement fund…nothing else.
Invest in Vietnam property already thing of the past liao.....now people "invest" in movie leh. movie profitable but dunno divide by how many thousand people 🤣
sad to say, the moment i graduated i started working in the U.S, so i don't have any CPF.. :( is it stupid if i paid my downpayment for a property in full cash (25%)? looking to buy a 3BR new launch...budget around 450k-500k for downpayment in cash. My friends tell me i'm dumb and i should just buy a resale HDB to invest the rest in stock market
I have SG clients living overseas who engaged me to build their portfolio. They feedback to me that SG props returns are much higher. I hope you can buy SG and use the returns to enjoy your overseas lifestyle 🥂🥂
Thanks a lot for your video!! Can I ask for your advise? Today, I checked Lumina grand, 1.48 for 936 sdft 3b2b = 1590psf. Shall I go or wait for plantation close1? I felt now price is not good for lumina anymore as I m too late and might as well wait for plantation close 1 coz got princess Elizabeth primary (I need a good sch but ACS in 2030 p1 is too late for my son) .
Using oa for property will incur accrued interest that we hv to return upon selling the property ... which can b a lot ... n was told unless I dun sell the property, then no nd to pay bck the accrued interest but tat will mean till the day I pass on, I can't sell the property to buy a "better one" using cpf oa hence all these money used for property can only be passed on to my kids since they dun hv to pay back the accrued interest to my cpf account when they sell the property inherited since I m gone and no more cpf account. I was told as a result of this accrued interest payback, it is better to not use too much cpf oa to buy property. Yr view?
The way you talk about 1m65 guy aka Mr Loo (yes he has a name), to talk about your huat gueh strategy is off-putting. No need to put him and his community down just to elevate yourself. Different investors have different investing strategy, goal, risk appetite. And not like Singapore's property investment is a sure fire way to make money. Esp risky as well for ppl who do not have lump sums for down payment, and not everyone wants to deal with property tax, maintenance fee etc. You don't see Mr Loo and honey money guy aka Chris (yeah he got name also) talk about other youtubers like this.
Means you also witnessed 34% growth in 1 year after that. There are 2 types of people. One who only look at the drop. The other one looks for opportunities. Change your wealth by changing your mindset. Peace out ✌️
Hubby n I are 50yo, with 700k cash on hand. What investment property shld we buy in Sg at this age😅? We are staying in HDB 4R flat now for 10yrs, fully paid. TQ!
Don’t care about SA or 4.08% or Shielding. Interest rate will rise above 5%! Move your OA to FD or T-Bill. Property investment will BBQ liao. Check back this post in 2025.
Eric when are you going to announce what’s the anniversary giveaway? I think I might have better chance being the lucky winner for the giveaway than for the $12mil hong bao draw this Friday.
@@savvyericchiew only thing they are doing is to shield themselves from getting huat. In fact if given the option, I will gladly transfer SA to OA to buy detached.
After 55 , still have SA account for what? For that 4%? Arm chio. If one know how to invest using OA for property ,the returns far outweigh what CPF can give you once you turn 55. As a matter of fact, not only do you not want all OA to transfer to RA to be locked up, can use part of property to pledge to reduce BRS also good. Cos the capital gain from a good investment property far outweigh the 4% CPF give plus with the property can also get rental yield. Double benefit! No CPF returns can beat a good property investment done yrs earlier using the OA! Tio boh?😆😆😆
Mr 1m65 always hope sg ppty mkt crash... say sporeans will be priced out for his JB landed cos price going up...dun blame him.. typical case of preaching what you hv interest in :)
Hahahaahah i love your Vietnam property comment. But its not buy vietnam property hor.. they build hotel in Vietnam 😂😂😂😂 and yah man! Go buy house in JB talk until like got dragon got horse. kns. Lol. Btw i also transferred my OA to SA. Hahahahaha
Eric are you in favour of repaying mortgage loans asap or dragging it out over 30 years and using the money to invest instead? Potential video topic? hahah 😆
@@savvyericchiew Lesson learnt. Calculated risks must be taken in life. No such thing as getting good returns by doing almost nothing (aka just being lazy). CPF is NOT for your to profit but if the OA is used strategically esp for property, the gains are there.
