On May 9th 2019, the government announced some changes to how we can use CPF to finance our public and private housing, and how this affects how much we can withdraw from our CPF at age 55.
This will affect you, if you do not own a home, or currently own a home, but would in the future sell and buy again (which is likely going to be a lot of people!)
I think there are a lot of media coverage on these stuff from the traditional pro-Government mouth pieces so I will not explain too much.
I will however present this table:
This is how I look at it:
It affects the maximum amount you can use from your CPF to finance your home. Be it HDB, private or EC It affects the maximum amount of HDB loan you can get Just so you know banks also take...