Video description from @marcusluahrealestate
Someone in the comments section below asked us to perform a calculation based on CPF contributions, and here it is! Please note that in this video, we did not include the interest you would earn from the CPF over the next 10 years in the calculation, as we consider it a form of savings and find it easier to explain this way.
We also notice that, there is an error at 00:27 it's suppose to be "Stamp Duties Breakdown", thank you for the understanding!
Disclaimer: Keep in mind that everyone's situation is different, so it's important to consult with a professional when it comes to making investment decisions regarding your property.
Timestamp:
00:00 Introduction
00:26 Stamp Duties Breakdown
02:19 10 Year Horizon
03:12 How much is it worth after 10 years
03:30 Your net Returns after 10 years
04:16 Disclaimer
05:15 Ending
Resources:
About BSD
https://marcusluah.com.sg/absd-bsd/
Mortgage Calculator
https://marcusluah.com.sg/mortgage-loan/
References:
https://www.cpf.gov.sg/employer/infohub/news/cpf-related-announcements/new-contribution-rates
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