Daily Briefing: Scoot scraps online payment processing fees; Jansen Road house for sale at $4.5m

And the Minister for Manpower denies that CPF pays low returns.

From Channel News Asia:

Scoot passengers will no longer have to pay payment processing fees when they book flights through the budget airline's online system, Scoot announced on 23 September.

Effective immediately, payment processing fees will be scrapped for bookings made globally via Scoot's direct channels, "offering customers even greater value,” it said.

Singapore customers were previously charged S$10 per person, per flight for payment made through selected credit cards and PayPal.

The fee for AXS payment fees, which was previously S$6, was scrapped last month.

Scoot, the low-cost arm of the Singapore Airlines Group, currently offers a range of payment options across its network of 67 cities in 17 countries and territories.

Read more here.

From iCompareLoan:

A Jansen Road classic semi-detached house is for sale at $4.5m, announced List Sotheby’s International Realty (List SIR). The classically designed 2.5-storey semi-detached house features a granny’s room on level one and 5 more bedrooms in the house, as well as a garden area and patio.

The property sits on 3,800 sqft of land and has space for two cars to be parked comfortably, List SIR said.

Paul Ho, chief mortgage officer at iCompareLoan commenting on the Jansen Road classic semi-detached house said that “as the sales proceeds start to come in from the en bloc sales completion from now till end 2019, landed properties will seem attractive to some buyers. Especially the Inter-terrace segment will hot up.”

Read more here.

From HumanResources Online:

Minister for Manpower Josephine Teo has debunked three common myths surrounding the Central Provident Fund (CPF).

Speaking at the 6th Citi-SMU Financial Literacy Symposium, Minister for Manpower Josephine Teo said, “CPF helps working people save more than they realise. When you start work, every month, 37% of your pay goes into CPF. 20% comes from you, out of your gross salary. On top of this, your employer puts in another 17%. As long as you earn more than S$50 a month, you already get CPF contributions from your employer.”

For one, Teo denied that CPF “pays the ‘lowest returns’ in the world among retirement funds.” The savings in the SA earn as much as 5%, risk-free, with no way the principal may be lost, even partially, the minister said.

Read more here.