Restrict the use of CPF for property to boost retirement savings

AS worries over retirement adequacy come to the fore, Singapore has to embark on the politically challenging debate of whether to introduce restrictions on the amount of CPF savings that can be used to purchase property. There will always be people buying properties that they cannot afford in the hope of a quick flip. People are more likely to overextend themselves when buying private properties, or one of the resale flats that the market is pricing at around S$1 million in attractive locations such...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes