Dipping Further into EPF Savings to Buy a Property? Maybe Not

A majority of property developers said they were affected by the current economic scenario in the first half of 2019 with fewer launches held, while the number of unsold units remained high. The main reason cited for unsold lots were buyers’ end-financing issues, followed by unreleased Bumiputera units and low demand/interest. As a way to help boost property sales, REHDA has proposed that the government allows home buyers to use more money from their Employees Provident Fund (EPF) for the down payment of the property. 08:23 - LTAT is the latest in a long list of GLCs found to be mired in financial irregularities from the past administration. We discuss where LTAT fell short and how much it would cost the government to revive it.See omnystudio.com/listener for privacy information.