NEWS

Rehda wants more EPF funds freed for property down payment

Kow Gah Chie

Published
Modified 26 Sep 2019, 8:06 am

The Real Estate and Housing Developers' Association (Rehda) has proposed that the government allow home buyers to use more money from their Employees Provident Fund (EPF) for the down payment of the property.

Rehda president Soam Heng Choon (above) suggested that the EPF contribution to Account 2, which can be used for property downpayment, be increased from 30 percent to 50 percent...

Share this story

By posting a comment, you agree to our Terms & Conditions as stipulated in full here

TERMS & CONDITIONS

Foul language, profanity, vulgarity, slanderous, personal attack, threatening, sexually-orientated comments or the use of any method of communication that may violate any law or create needless unpleasantness will not be tolerated. Antisocial behaviour such as "spamming" and "trolling" will be suspended. Violators run the risk of also being blocked permanently.

REPORT VIOLATORS

Please use the report feature that is available below each comment to flag offending comments for our moderators to take action. Do not take matters in your own hands to avoid unpleasant and unnecessary exchanges that may result in your own suspension or ban.