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SINGAPORE BUDGET 2019

Restrictions on use of CPF to buy older HDB flats to be relaxed by May

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If there is more flexibility in the use of CPF funds to buy flats with shorter leases, it would help those who want to purchase flats in mature HDB estates.

Singapore

THE government is looking into relaxing Central Provident Fund (CPF) loan rules on the purchase of older Housing and Development Board (HDB) resale flats, and will announce the changes soon for implementation in May this year.

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