Singapore’s Central Provident Fund (CPF) system is arguably one of the best in the world at helping residents to build their retirement funds.
Not only can the CPF Ordinary Account (OA) be used for purchasing property, but it can also be used for education and investments as well.
In addition, voluntary contributions to the CPF OA enable you to enjoy income tax savings.
However, at a maximum interest rate of 3.5%, you may feel that the account is yielding returns that are too low.
If this is the case, you can turn your attention to REITs as a dependable asset class that can pay a reliable stream of dividends over the long term.
Here are three blue-chip REITs that are paying a dividend yield that exceeds the CPF OA.
Mapletree Logistics Trust (SGX: M44U)
Mapletree Logistics Trust, or MLT, is an industrial REIT that owns a portfolio of 163 logistics assets as of 31 March 2021....