5-10-2007: Credit Suisse: Market underestimates budget impact on … - The Edge Daily- Topic: Cash Plus Money Loan
Therefore, the Malaysian EPF scheme will have a less potent impact on the residential property market than the Singapore CPF scheme. Although the CPF scheme has probably had a bigger impact on the property market in Singapore than the EPF scheme will, we can draw some parallels with the CPF scheme to gauge the possible impact of the Malaysian EPF housing withdrawal scheme. Members could use Ordinary Account savings and future monthly CPF contributions to this account to buy property and/or pay the monthly instalments of the housing loan up to 100% of the valuation limit. All residential property developers should benefit, but the major beneficiaries of the EPF monthly withdrawal scheme are likely to be the mass housing developers, as the main aim of the scheme is to increase home ownership. Find Out More
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