Properties info
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lee_yl\" post_id=\"2061301\" time=\"1647048572\" user_id=\"17023:
To clarify, if ABSD is 100k, a buyer needs to cough up cash 100k then seek reimbursement from CPF.
Buyers please take note that before you use your CPF to pay for ABSD, you are supposed to pay full in cash first then you seek reimbursement from CPF and the amount will be reimbursed followed by deduction from CPF. This is because CPF can’t release the funds within 2 weeks from exercise date of OTP.
There are buyers who are not familiar and thought can just simply use CPF to pay off the ABSD. In the end, they did not set aside sufficient cash for ABSD and had to scramble to raise the cash needed.
CPF would then \"give\" buyer 100k after a few weeks?
How much is the interest charged by CPF for disbursing this 100k despite this $$ is from buyer's OA? -
starlight1968sg\" post_id=\"2061312\" time=\"1647054986\" user_id=\"14025:
Yes, pay full cash first and wait for 2-3 weeks for CPF to reimburse.
To clarify, if ABSD is 100k, a buyer needs to cough up cash 100k then seek reimbursement from CPF.
CPF would then \"give\" buyer 100k after a few weeks?
How much is the interest charged by CPF for disbursing this 100k despite this $$ is from buyer's OA?
Any withdrawal from CPF OA, interest should be 2.5%pa. -
starlight1968sg\" post_id=\"2061312\" time=\"1647054986\" user_id=\"14025:
Yes as mentioned on the slide, ABSD needs to be paid in cash first before CPF reimbursement.
To clarify, if ABSD is 100k, a buyer needs to cough up cash 100k then seek reimbursement from CPF.
CPF would then \"give\" buyer 100k after a few weeks?
How much is the interest charged by CPF for disbursing this 100k despite this $$ is from buyer's OA?
Timeline and paperwork, please work closely with the lawyers and clarify with CPF on your amount usable for ABSD. Hope this will help in your cash flow planning 😁 -
Commercial building Jalan Jalan, Parkway center
So much airspace, only if it can be used 😄
Main Chat group at
https://t.me/SGpropertiesforum![](\"https://i.imgur.com/FStgNW2l.jpg\")
https://i.imgur.com/FStgNW2l.jpg\">
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Do you know? #1
IKEA Singapore fun facts
The 3rd location at Amber close, is now occupied by condos built over the same land.
Main Chat group at
https://t.me/SGpropertiesforum![](\"https://i.imgur.com/Cv5XaG4l.jpg\")
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A new condo launching soon.
Liv @ MB is located at Arthur Road, just off Mountbatten Road. It will be just 3 minutes' walk to the upcoming Katong Park MRT station on the Thomson-East Coast line.
https://sghomeinvestment.com/liv-mb-review-condo-near-east-coast-park-new-mrt/ -
Investing in Malaysia, factors to consider
Investing in Overseas properties, other than buying the property, do plan for this 3 stages
- After purchase
- Holding onto the Property
- During Exit
Main Chat group at
https://t.me/SGpropertiesforum![](\"https://i.imgur.com/r7qSDVll.jpg\")
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Huge turnout for North Gaia EC.
https://www.edgeprop.sg/property-news/north-gaia-ec-sees-3700-visitors-preview-weekend
Not surprised as ECs can offer good capital appreciation potential. Moreover, existing stock of new ECs has dwindled to about 13 units in the whole of Singapore.
https://sghomeinvestment.com/executive-condo-review-is-it-a-good-investment-property/ -
Do you know? #2
Singapore Development 2022 to 2030
Source: Straits times
1. Changi Region 2. GSW 3. NS Square 4. Founders Memorial 5. Tuas Mega port 6. Paya Lebar Airbase 7. PDD
8. Rail Corridor 9. Woodlands Regional Center 10. Jurong Lake District 11. NS Corridor
Main Chat group at
https://t.me/SGpropertiesforum![](\"https://i.imgur.com/AIWs7vjl.jpg\")
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Types of trusts
Source: Money Sense https://www.moneysense.gov.sg/articles/2018/10/estate-planning-what-is-a-trust
Setting up a trust during your lifetime
A living trust is set up during a settlor's lifetime, where the assets are transferred to the trust. Examples are inter vivos, discretionary or revocable trusts. It is done by executing a trust deed together with the transfer of assets to the trustee.
The settlor can revoke or terminate the trust at any time.
Testamentary trust
A testamentary trust is made using a Will and takes effect after the settlor's death. This is useful where you have:
Young children
Dependants with special needs
Beneficiaries who may inherit a large sum of money but are unable to manage it
Once this trust is in place, it is irrevocable.
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