Tuesday, October 2, 2012

Why Singaporeans can't set aside enough CPF for retirement

In 1992, CPF contribution was 40% capped at $6000.
HDB prices in 1992
4rm $70k
5rm $110k
EM $160k

2012 Now CPF contribution 36% capped at $5000
HDB prices in 2012
4rm $300k
5rm $380k
EC $ 800k

Price of housing increased by almost 4 times. Yet CPF contribution has been reduced.


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