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More than 90% of Singaporeans own their own homes, a figure that’s among the highest in the world. Yet buying a home means a long-term financial commitment. If you’re using CPF for property, remember: the more you spend on property, the less cash you’ll have for old-age needs.
There are limits on the amount of CPF you can use. The limits are:
to ensure that the CPF used is not way above the value of the property.
to instil financial prudence so that members will not over-commit in property at the expense of retirement savings.
CPF members should be aware of these housing limits:
100% Valuation Limit (VL)
Available Housing Withdrawal Limit (AHWL)
CPF Withdrawal Limit for Housing
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