Show me HDB news from 9 May 2019

More Flexibility to Buy a Home for Life While Safeguarding Retirement Adequacy

9 May 2019
JOINT MND-MOM PRESS RELEASE

Rules on CPF usage and HDB housing loans have been updated to provide more flexibility for Singaporeans to buy a home for life, while safeguarding their retirement adequacy. The rules now focus on whether the remaining lease of the home can cover the youngest buyer until at least the age of 95. If so, home buyers will be allowed to obtain maximum CPF usage and, for HDB flat buyers, a maximum HDB housing loan. Those who do not meet this criterion will still be able to use CPF and take up an HDB housing loan, but the amount will be pro-rated.