CPF Life can provide better income than some properties

With CPF Life, a couple stand to get about $2,000 each, or $4,000 a month if they keep their flat. PHOTO: UNSPLASH
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SINGAPORE - A couple in their 60s live in a condominium but they have kept their five-room Housing Board flat as an investment property to collect rent.

They can lease the flat for about $2,000 a month, an additional income of about $24,000 a year, but they have to pay taxes as well as maintenance costs for the unit.

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