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Can I use the Special Account for capital repayment of my housing loan? What about progress payments for my private property which is still under construction?

April 26, 2017account Capital HOUSING loan PAYMENTS private progress Property repayment special

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Can I use the Special Account for capital repayment of my housing loan? What about progress payments for my private property which is still under construction?

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The use of the Special Account is to help members meet the shortfall in their housing instalment payments arising from the CPF cut. As such, it cannot be used for capital repayment or progress payments.