Getting a house in Singapore is not easy, at all. Given our limited land space, it’s honestly no surprise that our property prices are “off the roof”. Lame puns aside, we all have it hard when it comes to buying our first house, with so many barriers to applying for our first Build to Order (BTO) flats. But thankfully, we can use the money in our Central Provident Fund (CPF) Ordinary Account (OA) to pay for our housing! Source: Tenor But here’s the ‘catch’. We need to refund the amount taken out of our CPF OA with interest if we ever sell the house in the future to ensure we have enough for retirement. This accrued interest as it is called is computed on the amount taken out of our CPF OA at a rate of 2.5% per annum. Not forgetting that this interest is compounded annually. Thus, the amount we have to refund to our CPF OA...