Small Change

Wise to pay in cash for a property instead of using a loan or CPF?

Despite opportunity costs in investment, being debt-free amid current global uncertainty is a relief

After agonising for more than two years and enduring more than 15 viewings, I finally sold my 43-year-old, five-room family flat in Dover last October and bought a four-room flat in Tiong Bahru with 95 years left on its lease.

And I am all paid up in full for my new home as of Dec 18 last year. With cash.

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A version of this article appeared in the print edition of The Sunday Times on March 01, 2020, with the headline 'Wise to pay in cash for a property instead of using a loan or CPF?'. Print Edition | Subscribe