For subscribers
Cutting down the use of CPF for properties
A healthy balance is a good safety net for hard times, retirement
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People visiting the Parc Canberra executive condominium sales gallery. Close to one million homes here are now funded fully or partially with CPF.
PHOTO: HOI HUP REALTY
If you have regular income but find that the balance in your Central Provident Fund Ordinary Account (OA) is still low, it could be a sign that you have used too much of it to pay for your home.
Almost every member looks to their CPF to fund the purchase of property, whether in lump-sum down payments or to meet the monthly mortgage.
