What happen if 216,400 O'sea S'poreans take S$216.4 billion out from CPF Accounts?
#1
What could happen if 216,400 O'sea S'poreans take S$216.4 billion out from their CPF Accounts?

29-9-2018 10:55 AM
HdbTEH said:
IBs can continue to smoke and twist but facts remain many singaporeans cant wait to emigrate out of Singapore and denounce Singapore citizenships....

46.9% of the survey respondents said they are happy to dump the Singapore citizenship once they receive new citizenship from other countries.

According to the population report released by the Prime Minister’s Office earlier this week, the number of Singaporeans living overseas have
jumped to 216,400
in June 2018. The report however did not reveal how many Singaporeans gave up their citizenship.

Bye Bye Bye
[+] 2 users Like sukhoi35's post
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#2
qtr m is a lot.
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#3
1-10-2018 3:54 PM
sukhoi35 said:
What could happen if 216,400 O'sea S'poreans take S$216.4 billion out from their CPF Accounts?

Each on average has a million SGD in CPF account? Wow.
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#4
1-10-2018 4:05 PM
Levin said:
Each on average has a million SGD in CPF account? Wow.


OK, just checked.

CPF has 3.9m members.

Total CPF balance of the members are 376.6B SGD.

https://www.cpf.gov.sg/Members/AboutUs/a...statistics


Unlikely to have 216.4b held by the 216,400 overseas members.
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#5
1-10-2018 4:05 PM
Levin said:
Each on average has a million SGD in CPF account? Wow.

Special Account more than 200K is every common lah, no to mention Ordinary Account more than a million. Winking
I've had everything but still not able to feel truly happy.
Until i saw “ordinary” is the only answer to true happiness.
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#6
1-10-2018 4:07 PM
7Best said:
Special Account more than 200K is every common lah, no to mention Ordinary Account. Winking

Laughing
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#7
CPF funds used up to invest in UST Bonds
And the US have spent all of it including their own Social Security funds Laughing Laughing
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#8
1-10-2018 4:08 PM
Levin said:
Laughing
5yjbztv
Take a look here ... AK show off his CPF Account:

S$723,088.16 at the ripe old age of 45. thumbs up

http://singaporeanstocksinvestor.blogspo...7.html?m=1
I've had everything but still not able to feel truly happy.
Until i saw “ordinary” is the only answer to true happiness.
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#9
1-10-2018 3:54 PM
sukhoi35 said:
What could happen if 216,400 O'sea S'poreans take S$216.4 billion out from their CPF Accounts?

Forum456, stop yr bull crap. We thank you for that !!! 5 5 Rolling on the flor laughing
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#10
1-10-2018 4:07 PM
Levin said:
OK, just checked.
CPF has 3.9m members.
Total CPF balance of the members are 376.6B SGD.

https://www.cpf.gov.sg/Members/AboutUs/a...statistics

Unlikely to have 216.4b held by the 216,400 overseas members.
Having 85% Singaporeans own HDB while 15% invested in private properties, using CPF money to pay mortgage - leaving small amount in CPF acct.
Majority o'sea Singaporeans have little exposure in Singapore thus, est $ 1 mio could be an average is a good number..
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