Me & My Property

He uses bank loans instead of CPF to buy property

ERA Realty executive prefers to have more cash, CPF funds on hand to minimise cash-flow risks

Mr Eugene Koh, 38, ERA Realty Network's executive group division director, with his wife Flavia Teo, 32, and his sons Aiden, four, and Ryden, six. The family lives in a 1,281 sq ft, three-bedroom apartment at the Villa Marina Condominium near East Co
Mr Eugene Koh, 38, ERA Realty Network's executive group division director, with his wife Flavia Teo, 32, and his sons Aiden, four, and Ryden, six. The family lives in a 1,281 sq ft, three-bedroom apartment at the Villa Marina Condominium near East Coast Road, which cost Mr Koh $1.13 million in 2011.ST PHOTOS: ONG WEE JIN
Mr Koh bought a unit at Villa Marina Condominium to be near his parents and grandparents. They all live in different units in the same building.
Mr Koh bought a unit at Villa Marina Condominium to be near his parents and grandparents. They all live in different units in the same building.ST PHOTOS: ONG WEE JIN

Buying property is a huge leap, so doing proper research, planning and keeping enough cash on hand are important, says property industry executive Eugene Koh.

Mr Koh's preferred financing strategy is to take a bank loan on property purchases, rather than draw on his cash reserves or Central Provident Fund (CPF).

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A version of this article appeared in the print edition of The Sunday Times on February 14, 2021, with the headline 'He uses bank loans instead of CPF to buy property'. Subscribe