The most significant big-ticket item for my family in 2016 was the purchase of our Executive Condominium (EC), The Terrace, at Punggol Waterway. Like many Singaporeans, being able to upgrade to an EC is our Singapore Dream. Arising from this purchase, we had taken a quite a big mortgage loan from one of the local banks and in the course of doing so, I did some research on mortgage loans. In this article, I will share some of my knowledge on CPF’s Home Protection Scheme (HPS). HPS eligibility More than 80% of Singapore residents live in HDB flats. If you are using your CPF savings to pay your monthly housing loan instalments on your HDB flats, you are required to be insured under HPS. Note that HPS does not cover private residential properties, such as executive condominiums (ECs) or privatised Housing and Urban Development Company (HUDC) flats. Because of this exclusion clause, my family is not eligible for HPS cover...  ...