CPF retirement savings ‘invested’ in depreciating HDB lease = Saving for retirement? Educated Singaporeans easily fooled by PAP

CPF is meant for Singaporeans’ retirement.

However, PAP has legislated almost 2/3 of monthly CPF contribution for housing, mostly for the purchase of a depreciating HDB lease.

HDB DEPRECIATIONa
Retirement savings invested in depreciating lease = Saving for retirement?

Or using CPF to pay HDB/bank loan interest = Saving for retirement?

Who so stupid still believe PAP helps CPF members save for retirement, keechiu!

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1 Response to CPF retirement savings ‘invested’ in depreciating HDB lease = Saving for retirement? Educated Singaporeans easily fooled by PAP

  1. SAS says:

    Agreed. Singaporeans are Stupid. HDB so called “owners” are actually only lessees, who rent their flats for 99 years, paying 99 years’ rental upfront !! Nobody else in this world would agree to pay 99 years of rental upfront!! How else would you want to describe a Singaporean ??

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