Resale flat prices keep going up

[koh_52]

As a matter of fact, i would encourage everyone who is paying their house loans to use cash as much as possible (if they can afford it), rather than CPF. This is because, by using CPF, they are losing the potential 2.5-3.5% risk free compounded interest they could have accrued.

Careful the CPF is not that stupid...if your Medisave has reached the limit of $40,500, then it NOT safe to transfer your cash to OA and enjoy 2.5%, risk free.....a friend of mine recently transfer cash into his OA but realised that a bulk of the cash kenna eaten into the medisave account, only that after Medisave ceiling is hit than the balance is only go into OA.
Take note, medisave money is not your money you have no chance to touch this money, it keep on passing down to your next generation medisave...

Another case, recently my retired relative passed 55 yrs old, sold his 5 room flat for 580k, wanted to return the proceed back to CPF account but the authority refused to allow him to put back into CPF being reason that he is over 55 yrs and had drawn out the cpf and not allowed to put back. However, he may put it in his retirement account if they has not reach the minimun sum limit...which is only $99,600 peanut...

HENCE, what im trying to tell u if u have $1 million i dun think CPF board allow u to put inside their board....