Me & My Property: He uses bank loans instead of CPF to buy property

(From left) Ms Flavia Teo, Aiden and Ryden Koh, Mr Eugene Koh at their home - a three-bedroom apartment at the Villa Marina Condominium near East Coast Road which cost $1.13 million in 2011.
(From left) Ms Flavia Teo, Aiden and Ryden Koh, Mr Eugene Koh at their home - a three-bedroom apartment at the Villa Marina Condominium near East Coast Road which cost $1.13 million in 2011.ST PHOTO: ONG WEE JIN

SINGAPORE - Buying property is a huge leap, so doing proper research, planning and keeping enough cash on hand is 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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