Buying Singapore Public Housing At Subsidy - Understanding The Government Cpf Rules.

- September 3, 2010, 5:15 am

Central Provident Fund (CPF) was started on 1 July 1995 and is administered by CPF Board. It is a compulsory comprehensive social security network which aims to provide working Singapore Citizen (SC) and Singapore Permanent Resident (SPR) with sense of security and confidence in their old age. Your monies in the CPF's can be used to fund the purchase of Singapore Public Housing - by Housing Development Board (HDB) resale flat in the open market. To buy HDB resale flat at subsidy, you can apply for CPF Housing Grant for the resale flat purchase, if you meet the criteria set by HDB resale and CPF