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01-03-2012, 03:42 PM
> This time round (Budget 2012), we get to hear about their latest brainwave, namely, $20k Silver
> Housing Bonus and Enhanced Lease Back Scheme. As a last backup plan, they're giving more
> incentives for oldies to work longer (those who can get a job) with higher CPF rates and Tax Relief.
> Yup, we must really give them credit for trying their best to ensure all of us don't end up as their
> burden when we get old.
My mum bought her Bishan retirement studio at $80K few years back. Then it went up to $110K for the prata seller, and then >$120K+ for the next buyer. What is the point of an extra $10K when the retirement studio is again calibrated to resale market prices...
$40K can last the old people 3-4 years if they live frugally...
> Housing Bonus and Enhanced Lease Back Scheme. As a last backup plan, they're giving more
> incentives for oldies to work longer (those who can get a job) with higher CPF rates and Tax Relief.
> Yup, we must really give them credit for trying their best to ensure all of us don't end up as their
> burden when we get old.
My mum bought her Bishan retirement studio at $80K few years back. Then it went up to $110K for the prata seller, and then >$120K+ for the next buyer. What is the point of an extra $10K when the retirement studio is again calibrated to resale market prices...
$40K can last the old people 3-4 years if they live frugally...