I repaid half of what I took from the CPF to pay for the first 5% + Stamp duty. Its quite a hit on my wallet, especially since I paid 75% of the total bill. But I’m sure the money + interest will come in useful again when the key collection is here. At 2.5% this was higher than the banks savings interest rate, prevailing SSB or short-term instruments that were available, so while I am cognizant that the returns are low, I’m glad I tried my best. Also, the extra 1% under 20k goes to feed the SA account.
I also coerced/forced my girlfriend to do the same with her withdrawn amount. She paid down >90% of her outstanding. Hopefully, we will both be able to cross the line smoothly come key collection day in 3 years time.
The amount was quite a significant one and might well affect my ability to meet the portfolio targets set out for the year, but heck, it wasn’t money I was prepared to lose.