Cost of ppty: $1m
cash: 350k
cpf: 350k
what should buyer do?
option 1:
clear cpf+cash and take $300k loan
option 2:
pay $350k cash, take $650k loan, keep cpf for ~2.5% interest. if rates go up after lock in period (can assume fixed 3yrs for example), can use cpf do partial repayment.