Restrictions on use of CPF to buy older HDB flats to be relaxed by May
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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.
One issue is the restriction in CPF usage for flats with less than 60 years of lease remaining, National Development Minister Lawrence Wong said in parliament on Thursday.
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